The DAX index rose by more than 1.62% as the market remained optimistic about the global recovery. This was in reaction to the relatively positive industrial production data from China that were released earlier today.
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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 gives up almost 3% making fresh monthly lows, amid worries that the impact of the coronavirus might extend as a new wave of infections hit Germany
The DAX index declined by more than one per cent as the market reacted to a series of mixed news from around the world. Other Asian and European indices like the FTSE 100, CAC 40, and Hang Seng also declined today. Similarly, US futures like the Dow Jones and the S&P 500 index also continued the losses made yesterday.
German stocks tumbled today as the market remained increasingly worried about the health of the global economy. The blue-chip, DAX...
The DAX index was little changed today as the market reflected on news from Germany and around the world. Among the most urgent was a sudden increase in coronavirus infections in important countries like Germany, China, and South Korea. There are also risks of a fresh wave of a trade war.
Dax index started the week on positive foot amid optimism on the reopening of businesses as coronavirus death rate continues...
German stocks rose by more than 1% as investors ignored worrying export and import data. The closely-watched DAX index rose by more than 1% as investors banked on a global recovery.
The DAX index, together with other European bourses, rose today as the market reacted to a new deal to merge...
The DAX index rose today even as automakers warned about financial results this year. In a statement yesterday, BMW said...
The DAX index and other European stocks bounced back today as the market remained optimistic about the health of the...