14.7 C
New York
October 17, 2021

Germany’s DAX blue-chip stockmarket index gets an update

Germany’s DAX blue-chip stockmarket index gets an update

Forty is the new 30

THE STOCKMARKET index of Germany’s bluest chips is getting a makeover. Any week now the DAX will gain ten new members, bringing the total to 40. The newcomers will be the most valuable German firms not already in the index (so long as they can show two years of positive earnings before interest, taxes, depreciation and amortisation). The new DAX could reach €2trn ($2.4trn) in market value, from €1.6trn today. A few faster-growing members may boost the index’s mediocre returns. But probably not by much.

Listen to this story

Enjoy more audio and podcasts on iOS or Android.

For more expert analysis of the biggest stories in economics, business and markets, sign up to Money Talks, our weekly newsletter.

This article appeared in the Business section of the print edition under the headline “Germany’s DAX blue-chip stockmarket index gets an update”

Read More

Related posts

Entrepreneurship during economic uncertainty: Why millions of people started a business during the pandemic

Haley Messenger

Investigative genetic genealogy offers new clues about ‘Jane Seneca Doe’ 45 years after her murder

Andrea Cavallier

South Carolina lawyer shot three months after wife, son gunned down

Dennis Romero

Leave a Comment