Major bourses in Europe fell deep into the negative territory on Thursday, as investors take another pause for breath and await any developments on a coronavirus vaccine and Brexit negotiations. The DAX 30 was down 0.6% and other key stock indexes traded between 0.2% and 0.6% lower. On Wednesday, the UK became the first country in the world to authorize the Pfizer/BioNTech coronavirus vaccine, making it available from next week. European regulators are expected to decide on the coronavirus vaccines soon. Meanwhile, fresh services PMI data for China reinforced the Chinese economy recovery remains robust. The reading pointed to the second strongest growth in services activity in more than a decade. On the macro front, Markit Services PMIs for Europe showed recent lockdowns and restrictions led to another sharp contraction in the services sector.
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 December of 2020.
The Germany DAX 30 Stock Market Index is expected to trade at 13001.71 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 12109.72 in 12 months time.