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Germany Stock Market Index (DE40)
2023 Data – 1987-2022 Historical – 2024 Forecast
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European stocks slipped on Monday as investors remained cautious ahead of a busy week of corporate earnings and central bank meetings, headlined by expected rate hikes from the Federal Reserve, the European Central Bank and the Bank of England.On the corporate front, health technology company Philips said Q4 revenue beat estimates and that it would scrap 6,000 jobs to restore profitability, while Nissan Motor Co and Renault SA announced a sweeping restructure of their two-decade-old automaking alliance.In the UK, consumer goods giant Unilever announced it had appointed a new CEO, while budget airline Ryanair posted its largest after-tax profit for the October-December quarter.On the data front, German economy unexpectedly contracted in Q4, a sign that Europe’s largest economy may be entering a recession, while Spain’s inflation accelerated in January from December’s 13-month low.In addition, the Eurozone’s economic sentiment improved more than expected to a 7-month high in January.
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 January of 2023.
The Germany Stock Market Index (DE40) is expected to trade at 14574.33 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 12974.49 in 12 months time.
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