DAX
The DAX is Germany’s blue-chip index, the most cyclical of the major western indices, with almost 80% of it comprised of economically sensitive industries.
Germany's blue-chip index is the most cyclical of the major western indices, with almost 80% of it comprised of economically sensitive industries, so it tends to post the biggest swings. As many of the 30 firms in the index are major multinationals, the DAX is also considered a geared play on global growth.
The basic materials sector, which is made up largely of chemicals groups, is the main heavyweight, accounting for just over a fifth of the index. Three-quarters of the stocks in the consumer goods sector are in the cyclical car and car parts industries.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
