The German DAX index, which reflects the performance of Europe’s largest economy, could lose 5.1% by the end of this year, according to the forecast of analysts polled by Reuters. That said, the index hit a record high in May, rising above 24,300.
On Tuesday, European stocks rose as defense sector shares gained after the US administration suspended plans to impose 50% tariffs on imports from the EU. In Germany, the DAX 40 closed the trading session at an all-time high, up 0.8% to 24,316.5.
European stocks rose as US President Donald Trump said he would move the imposition of 50% tariffs on EU goods to July 9 after a phone call with European Commission President Ursula von der Leyen.
European stock indices rose on Friday, May 23, as better-than-expected regional economic data improved market sentiment.
According to data reported by Bloomberg Intelligence, European companies across the majority of sectors increased sales and improved margins in the first quarter of this year. Overall earnings growth amounted to 5% year-on-year, beating the consensus forecast of a 1.5% decline.
The JPY publication is expected
Manufacturing PMI
49
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