European stocks opened lower on Wednesday, following losses in Asia and Wall Street after US President Trump said during a cabinet meeting on Tuesday that Washington and Beijing still have a long way to go on trade and threatened to put tariffs on an additional $325 billion worth of Chinese goods. Also, investors will continue to monitor a new round of corporate earnings including Morgan Stanley, Bank of America and IBM. The DAX 30 declined 0.2%; the FTSE 100 dropped 0.1%; the CAC 40 decreased 0.1%; the IBEX 35 went down 0.3% and the FTSE MIB lost 0.1% around 08:40 AM London time. Historically, the Germany DAX 30 Stock Market Index reached an all time high of 13559.60 in January of 2018 and a record low of 372.30 in November of 1974.
The Germany DAX 30 Stock Market Index is expected to trade at 12245.05 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 11794.98 in 12 months time.