European stocks ended a roller-coaster week higher, with the benchmark DAX 30 finishing above the 15,600 level as prospects of an economic recovery lifted cyclicals stocks that have lagged earlier this week. Sentiment across Europe was boosted by upbeat earnings reports and another dovish pledge from the European Central Bank to keep its monetary policy accommodative for the foreseeable future. The ECB will keep the pace of the quantitative easing program unchanged and maintain its negative interest rates to support the eurozone economy until there was material progress towards its inflation target. On the economic data front, activity in the eurozone's private sector expanded by the most in 21 years, following the latest re-opening efforts.
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 July of 2021.
The Germany Stock Market Index (DE30) is expected to trade at 15042.97 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 13747.01 in 12 months time.