European markets selloff

On Thursday, European markets were expected to open weakly, continuing a worldwide stock selloff fuelled by rising bond yields and increased economic uncertainty. Investors feared that continued monetary tightening and soaring inflation would push the world economy into a recession. The hope for increased corporate profits and the positive mood brought on by the UK’s policy changes also started to wane. Early trading saw a 0.3% decline in the DAX futures and a 0.2% decline in the Stoxx 600 futures.

DAX

Highs and low’s of the European Markets biggest index.

The conclusion of this quarter is projected to see the Germany Stock Market Index (DE40) trading at 11956.47 points based on projections from Trading Economics’ global macro models and market analysts. Looking ahead, we predict it will trade at 10621.89 in a year.

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