European markets ended the week on a low note, with the DAX 30 falling 0.6% on Friday to 12,528, after PMI data confirmed the Eurozone private sector activity continued to contract even as governments across the region lifted coronavirus-related restrictions. In addition, concerns about a second wave of infections mounted as well as its impact on the global economic recovery. Early gains were supported by China's services PMI data signaling the sharpest increase in activity for over a decade in June, while US employment data showed on Thursday that the world's largest economy added a record 4.8 million jobs in June, easily beating forecasts. Investors also welcomed news about some positive results of a potential COVID-19 vaccine from Pfizer and Germany's BioNTech. For the week, the DAX 30 gained 3.6%.
Historically, the Germany DAX 30 Stock Market Index reached an all time high of 13797.12 in February of 2020. Germany DAX 30 Stock Market Index - data, forecasts, historical chart - was last updated on July of 2020.
The Germany DAX 30 Stock Market Index is expected to trade at 12235.02 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 11395.63 in 12 months time.