The DAX index rallied by almost 2% today as the market continued to react to the ECB interest rate decision. In this, the bank left interest rates unchanged and decided to add €600 billion into its original €750 billion program. This stimulus, together with the Merkel-led fiscal stimulus will help German stocks in the near term.
In this section, you will find important DAX index news, actionable trading ideas, and a live DAX 30 chart to help you understand the markets better.
The DAX 30 Index (Deutscher Aktienindex) is a blue-chip stock market index consisting of the thirty biggest companies in Germany in terms of market cap, traded on the Frankfurt Stock Exchange. The base date for the DAX 30 is December 30, 1987, and from a base value of 1,000. The DAX price index followed the Börsen-Zeitung index, which historically extends back to 1959.
Some of the German companies listed in the DAX 30 are Adidas (ADS), Bayer (BAYN), BASF (BAS), Daimler (DAI), Siemens (SIE), Allianz (ALV) and Henkel (HEN). The DAX 30 is used worldwide as a leading index for the German economy and serves as the basis for more than 150,000 financial products. The selection of companies in the DAX index is based on the quantitative criteria of order book volume and free float market capitalization.
The reporting date for collecting data is the last trading day of the month for which the ranking list is created. The ranking list is created and published monthly by Deutsche Börse AG. The index composition of DAX is reviewed every September based on the Regular Exit and Regular Entry rules.
DAX Index Chart
DAX Index News
The DAX index rose by more than 1.40% as investors focused on the eurozone recovery. The index is trading at €12,180, a day after it crossed the important psychological level of €12,000. All stocks in the DAX were in the green today. Similarly, other European bourses like the CAC 40, FTSE MIB, and SMI rose by more than 1%.
DAX index registers a drop on the day as German manufacturing PMI data falter. Sign up to find out more.
German stocks rose today as the market continued to focus on the reopening of the economy and the Lufthansa bailout. The DAX index, which is the German equivalent to Dow Jones, rose by more than 62 basis points today.