DAX forecast 2024: Chief economist Carsten Klude gives an outlook on the performance of the DAX companies

DAX forecast 2024: Chief economist Carsten Klude gives an outlook on the performance of the DAX companies

According to a report by www.finanznachrichten.de, the DAX is on course for a record and Carsten Klude, chief economist at M.M. Warburg, foresees positive developments for 2024. Although the economic conditions in Germany are not particularly good, according to Klude, the performance of the DAX companies depends less on the German economy and more on the global economy, especially the USA. Nevertheless, there are signs of a slight recovery and he expects moderate growth with chances of a stronger recovery later in the year.

Given this assessment by Carsten Klude, it can be expected that the German stock market could potentially outperform the US market in 2024. If the leading indicators continue to develop positively and the global economy shows a recovery, the DAX companies could benefit from this. In addition, the development of inflation is seen as a key factor for the coming year. If inflation rises at a moderate pace, conditions for companies could become more favorable and have a positive impact on the DAX.

These potential developments could lead to investors focusing more attention on the German stock market and thus lead to increased trading volumes and rising prices. However, it remains to be seen how the overall economic conditions will actually develop and whether Carsten Klude's forecasts will come true.