Frankfurt's DAX 40 index trimmed early losses to trade near the flat line at 17,850 on Friday afternoon, hovering around its highest level on record, following the release of US employment data that bolstered expectations that the Federal Reserve could begin cutting interest rates by the middle of this year. The country's jobless rate unexpectedly rose to a two-year high of 3.9% in February, and monthly wage growth slowed more than expected to 0.1%. Meanwhile, job gains exceeded expectations at 275K, but figures for January and December were sharply revised lower. In other economic news, German industrial output rose more than expected in January. The German benchmark index is poised to book a 0.6% weekly gain, marking its fifth consecutive week of gains, as both the ECB and Fed expressed increased confidence in potential interest rate cuts in the coming months amid a slowdown in inflation.
The main stock market index in Germany (DE40) increased 1063 points or 6.34% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Germany. Historically, the Germany Stock Market Index (DE40) reached an all time high of 17879.11 in March of 2024. Germany Stock Market Index (DE40) - data, forecasts, historical chart - was last updated on March 9 of 2024.
The main stock market index in Germany (DE40) increased 1063 points or 6.34% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Germany. The Germany Stock Market Index (DE40) is expected to trade at 17657.72 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 17295.00 in 12 months time.