The DAX 30 rose 188 points, or 1.4% to 13,577 on Friday, after better-than-expected PMI data showed German private sector grew the most in five months supported by services expansion and softer manufacturing contraction. Also, other main European indexes closed higher after fears of Chinese coronavirus outbreak eased and as flash PMI figures showed manufacturing slowdown continued to weigh but the pace of contraction moderated slightly. The FTSE 100 added 78 points, or 1% to 7,586; the CAC 40 gained 52 points, or 0.9% to 6,024; the FTSE MIB climbed 262 points, or 1.1% to 23,969; and the IBEX 35 went up 44 points, or 0.5% to 9,562.
Historically, the Germany DAX 30 Stock Market Index reached an all time high of 13640.06 in January of 2020.
The Germany DAX 30 Stock Market Index is expected to trade at 12985.77 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 12539.07 in 12 months time.