European stock markets closed in the green on Friday, boosted by hopes that the US and China would reach a trade agreement and the UK would avoid a no-deal Brexit. Banks shares were among the best performers amid the latest round of stimulus measures unveiled by the ECB on Thursday and ECB chief Mario Draghi pledge for indefinite stimulus to the Eurozone economy. The DAX 30 gained 58 points, or 0.5% to 12,469; the FTSE 100 added 23 points, or 0.3% to 7,367; the CAC 40 rose 13 points, or 0.2% to 5,655; the IBEX 35 climbed 56 points, or 0.6% to 9,138; and the FTSE MIB went up 98 points, or 0.4% to 22,181. Historically, the Germany DAX 30 Stock Market Index reached an all time high of 13596.89 in January of 2018 and a record low of 936.00 in January of 1988.
The Germany DAX 30 Stock Market Index is expected to trade at 11801.68 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 11350.94 in 12 months time.