DAX
Region: EU · Currency: EUR
Price history
Other indices
What drives the price
The DAX (Deutscher Aktienindex) tracks the 40 largest German companies listed on the Frankfurt Stock Exchange. It is a total-return index (dividends reinvested), unlike most peers, which gives it a structural performance edge over time. DAX heavyweights include SAP, Siemens, Allianz and Deutsche Telekom.
- German export sensitivity makes DAX correlated to global manufacturing PMI and China demand
- European Central Bank policy and 10-year Bund yields drive the discount-rate component
- EUR/USD exchange-rate moves directly impact translated overseas earnings
- Energy-cost shocks (post-2022 Russian gas cutoff) added a structural margin headwind for chemical and industrial names
Frequently asked questions
What is the DAX?
DAX is a major stock market index tracking large companies traded in Germany. It is used by investors and analysts as a benchmark for the broader Germany equity market and serves as the underlying for many tradeable ETFs and futures contracts.
How can I invest in the DAX?
You cannot buy the index directly, but you can gain exposure via ETFs that replicate it, or trade futures and options on it. ETF expense ratios for major indices typically range from 0.05% to 0.5% per year.
What drives the DAX day-to-day?
Short-term moves are driven by central bank policy expectations, the path of Germany interest rates, corporate earnings releases, and global risk sentiment. Larger structural moves track economic-growth and inflation cycles over months.
When does the DAX market open and close?
Trading hours follow the home exchange — typically 9:00-9:30 to 15:30-17:00 local time on weekdays. Pre-market and after-hours trading is available via futures and certain ETFs that trade around the clock during the trading week.
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About this index
DAX is one of the most-tracked equity benchmarks in its market. NowPrice publishes the live level along with intraday range and a 24-hour / 7-day / 30-day price-history chart. Data is sourced from Yahoo Finance and refreshed every 5 minutes during local trading hours; outside of session, the figure is the most recent close.