A Market of Precise Performance
The equivalent of the U.S Dow Jones Industrial Average, the DAX (Deutscher Aktien Index) is a blue-chip stock market index, consisting of the 30 major German companies traded on the Frankfurt Stock Exchange. The DAX is highly influential in the global market due to Germany’s prominent part in it, being the largest and most important economy in Europe. The DAX includes well known multi-national companies such as Adidas, BMW, Siemens, and Deutsche Bank.
A few DAX facts:
The companies traded on the Frankfurt Stock Exchange represent over 80 different countries, making this index more responsive to global market influences such as wars, natural disasters, political instability, and economic trends. Therefore, traders following current events should be able to better predict how the DAX will respond. It is also important to follow economic data out of Germany and the European Union, such as unemployment stats, interest rates, job creation, and GDP figures which can have a large effect on the DAX’s performance.
Learn how to trade DAX 30 and increase your ROIs.