German Capital Market ( DAX )

a. History
The DAX (Deutscher Aktien IndeX, formerly Deutscher Aktien-Index (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the electronic Xetra trading system. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard’s 30 largest German companies in terms of order book volume and market capitalization.



b. Recent Performance
The X-DAX Index (DAX) climbed 47.53 points to 7,313.05. The measure, derived from trading in DAX Index futures, provides an estimate of German’s benchmark index. The DAX rose 46.3 points, or 0.6 percent, to 7,295.49 on April 21.
Deutsche Boerse AG (DB1) (DB1 GY): NYSE Euro next said its takeover by Deutsche Boerse to create the world’s biggest exchange operator will produce 100 million Euros ($146 million) more in cost savings than previously announced. The shares rose 0.8 percent to 55.10 Euros.
Kabel Deutschland AG (KD8 GY): Kabel Deutschland Holding AG (KD8) and ProSiebenSat.1 Media AG (PSM) are likely candidates to join the DAX Index when their owners sell more of their stakes, increasing the number of shares traded, Euro am Sonntag reported April 24. Kabel Deutschland’s shares rose 2 percent to 40.69 Euros. ProSiebenSat.1 Media (PSM GY) fell 2.6 percent to 18.05 Euros.