Frankfurt's DAX 40 index surged by 0.8% to 18,050 points on Friday, driven by gains in the tech sector following the release of positive quarterly results from US tech giants Microsoft and Alphabet. Meanwhile, investors eagerly awaited the release of PCE price inflation data from the US later today, seeking further cues on the timing of Federal Reserve interest rate cuts this year. Noteworthy among individual stocks, Thyssenkrupp soared by 9% after the German firm announced its intention to sell a 20% stake in its steel business to an energy holding controlled by Czech billionaire Daniel Kretinsky.
The main stock market index in Germany (DE40) increased 1321 points or 7.89% 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 18604.40 in April of 2024. Germany Stock Market Index (DE40) - data, forecasts, historical chart - was last updated on April 26 of 2024.
The main stock market index in Germany (DE40) increased 1321 points or 7.89% 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 18163.32 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 17210.96 in 12 months time.