All major European bourses gained ground on Monday, kicking off August trading on a high note after a winning July as investors welcomed upbeat corporate earnings and economic data. SBC Holdings said it would pay an interim dividend after reporting forecast-beating first-half pretax profit that more than doubled from a year ago. Heineken doubled profits but warned costs could eat into margins, a sign of rising inflationary pressures. In M&A, Vonovia has sweetened its bid for rival Deutsche Wohnen. On top of that, Germany's retail sales beat expectations while Europe's manufacturing growth held close to a recent peak, reinforcing a positive narrative of economic strength. Domestically, the benchmark DAX 30 closed just shy of 15,600.
Historically, the Germany Stock Market Index (DE30) reached an all time high of 15810.68 in July of 2021. Germany Stock Market Index (DE30) - data, forecasts, historical chart - was last updated on August of 2021.
The Germany Stock Market Index (DE30) is expected to trade at 15096.33 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 13819.91 in 12 months time.