European bourses managed to gain some ground on Friday, with the regional STOXX 600 and the DAX 30 index advancing around 1% each, as hopes of an economic comeback in major trading partner China were lifted by additional central bank stimulus. However, both benchmarks posted a weekly decline as investors remained concerned over the global growth outlook and the recession risk arising from surging inflation and rising borrowing costs. On the data front, producer inflation in Germany broke a fresh record high for the 5th month, and consumer confidence in the UK fell to its lowest level in at least 48 years, although retail sales unexpectedly jumped.
Historically, the Germany Stock Market Index (DE40) reached an all time high of 16290.19 in November of 2021. Germany Stock Market Index (DE40) - data, forecasts, historical chart - was last updated on May of 2022.
The Germany Stock Market Index (DE40) is expected to trade at 13574.75 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 12244.25 in 12 months time.