European stock markets closed sharply in the green on Friday, amid renewed hope that US and China will resolve their trade dispute, following a report suggesting the US may lift some or all tariffs on Chinese imports and after news saying China has offered to ramp up imports from the US over the next six years. The DAX 30 jumped 287 points, or 2.6% to 11,205; the FTSE 100 rose 133 points, or 1.9% to 6,968; the CAC 40 gained 82 points, or 1.7% to 4,876; the IBEX 35 advanced 161 points, or 1.8% to 9,069; and the FTSE MIB climbed 238 points, or 1.2% to 19,708. 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 10399.66 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 9999.27 in 12 months time.