12:18 PM · 24 April 2019

DE30 soars despite weak Ifo report

The German stock market index remains in a strong bullish mode as it is the best performing equity market in Europe on Wednesday. DE30 adds 0.7% and trades at 12350 points – the highest level since September 2018 as Wirecard (WDI.DE) gains 9.4% following the news on the major investment from Softbank. These gains come despite another warning from the German economy. The Ifo index missed forecasts and its manufacturing component slipped to the lowest point since December 2012.

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