DAXFinancial Dictionary -> investing -> DAX
Like the S&P 500 and the FTSE 100 in the UK, the DAX 30 is considered a very important economic figure and is quoted by most analysts and financial news outlets, as a way of summarizing the entire Frankfurt Stock Exchange's performance.
The DAX index was first created in 1988 with the standard base line of 1000 and past data to help. Today it represents around 75% of the entire Frankfurt Stock Exchange market capitalization.
To be included in the DAX 30, the company must have a valid listing on the Frankfurt Stock Exchange, have publicly traded stock with no limitations and must be within the top tier of total company capitalization.
Some of the companies listed on the DAX 30 as of 2009 include BMW, Adidas, Volkswagen Group and the Deutsche Bank.