Strategists Turn Bearish on One of Europe's Most-Loved Markets
- They estimate the DAX Index will end the year at 10,569
- Biggest ETF tracking German shares has had outflows this year
Germany’s DAX Index, among the best performers last year, fell 3.5 percent, the most in western Europe.
Photographer: Ralph Orlowski/BloombergThis article is for subscribers only.
As recently as last year, German stocks were among investors’ favorite in Europe. Now, even strategists, who started the year with bullish calls, have turned bearish.
The benchmark DAX Index will fall 1.6 percent this year, according to the average of 13 projections compiled by Bloomberg. That would mark the first annual decline since 2011 for the gauge, which rallied almost twice as much as its regional peers since a low that year.