The Dax index has retreated from a move higher to test the September resistance levels around 13,315. Friday will see the release of another Q3 GDP estimate for the Eurozone.
DAX Index
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.
The DAX index is down by more than 0.90% after earnings from key companies like Merck AG and Siemens. Of...
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The Dax Index was 0.46% higher on Wednesday as the German stock index approached the 13,315 resistance. The level was nearly hit on Monday and it was here that the market failed in July and September.
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The DAX index is up by more than 1.75% in the futures market ahead of key corporate earnings data from...
The Dax index is down slightly this Friday after German industrial production data failed to meet market expectations. According to...