European shares closed sharply lower on Monday, with Frankfurt’s DAX losing more than 2% to 15,125, the lowest since May 19th as concerns over global growth and inflation mount as investors are bracing for key central bank meetings this week including those from the US Federal Reserve and Bank of England. Elsewhere, shares of China Evergrande, the world's most indebted property developer, tumbled to 11-year lows amid concerns about the company's ability to repay a small portion of its $305 billion debt due this Thursday. On the political front, Social Democrat Olaf Scholz won a third election debate on Sunday, cementing his position as a front runner to succeed Chancellor Angela Merkel after Germans go to the polls in a week. On the data front, the latest figures showed a bigger-than-expected increase in German producer prices last month.
Historically, the Germany Stock Market Index (DE40) reached an all time high of 16030.33 in August of 2021. Germany Stock Market Index (DE40) - data, forecasts, historical chart - was last updated on September of 2021.
The Germany Stock Market Index (DE40) is expected to trade at 15099.82 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 13922.31 in 12 months time.