European stocks climbed for a second straight session on Tuesday, with value-oriented stocks reasserting their dominance once again, as investors balanced prospects of solid economic growth in Europe against rising inflation. ECB President Christine Lagarde said earlier this week that a recovery in global demand and a faster-than-anticipated increase in consumer spending could result in a robust economic recovery while rising inflation in the US would have a limited impact in the Euro Area. Such a view was echoed overseas, with Federal Reserve Chair Jerome Powell saying in written testimony to be delivered Tuesday at a congressional oversight hearing that the world's largest economy is growing at a healthy clip, and that has accelerated inflation. Domestically, the benchmark DAX marched further into the green to end above the 15,600 level.
Historically, the Germany Stock Market Index (DE30) reached an all time high of 15805.01 in June of 2021. Germany Stock Market Index (DE30) - data, forecasts, historical chart - was last updated on June of 2021.
The Germany Stock Market Index (DE30) is expected to trade at 14742.46 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 12796.68 in 12 months time.