DAX - - The German Index

GERMANY officially the Federal Republic is a country in Western-Central Europe. As a Modern Great Power Germany is the world’s third largest economy. And DAX belongs to Germany.

DAX formerly known as Deutsche Aktien Xchange 30, or Deutscher Aktien-Index 30 is a German Stock Indices. It is a Blue Chip Stock Market Index consisting of 30 selected major German companies trading on the Frankfurt Stock Exchange. Blue-chip Company – means this the term derived from the most valuable chip used in poker; it implies a large, long-established (and almost certainly profitable) company considered to be conservatively managed.

Today the Dax Index at Frankfurt

German stocks the Dax index has gained 0.1% to 6723.10 in Frankfurt today. Earlier owing to plunge in the Chinese stocks and in line with declines of worldwide, the measure fell to 4.4% in the previous two sessions.

But today the Dax has gained 0.1%. Apart from DAX, Volkswagen AG and DaimlerChrysler AG advanced. Volkswagen, Europe's biggest carmaker, added 1.1 percent to 96.41 euros. DaimlerChrysler which the world's fifth-largest carmaker has advanced by 0.3 percent to 51.57 euros.

Germany’s Deutsche Telekom dropped 1.4 percent to 13.37 euros as half a million traditional phone customers defected in Germany. Deutsche Telekom had been expected to report a profit of 721 million euros.

What do you think?

Will the Germany’s Telekom Company profit as expected?

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