PDSnet Glossary

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Definition

This is a simple index of the thirty largest shares trading on the German stock exchange, based in Frankfurt. The DAX is a Paasche index which began on 30-12-1987 at a base value of 1000. The DAX generally follows the other indexes in Europe like the French CAC index and the British FTSE. And they all follow Wall Street which is best measured by the S&P500. The DAX only includes 30 shares so it does not really represent the broad spectrum of German business - but it is the most commonly used index for assessing the German share market.

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