Germany’s DAX Index started sliding from July 10th to July 11th 2007 as the other stock symbols in Germany like Daimler Chrysler; the world’s fifth-biggest carmaker started decreasing from 2% to almost 2.5%, and the Siemens Europe’s biggest engineering company also decreased to round 2.2%. As the stock symbols in Germany were down, the DAX was also affected and declined to 1.2% that day.
On July 12th as the DAX was down for consecutive two-days, the experts believed that the Dax may fall the following day too. But it didn’t. The DAX advanced as the Hypo Real Estate Holding raised their shares making the DAX to profit by 2%. The share prices were entirely justified by corporate earnings that time in German Stock market, that’s why there was some rise in the DAX index.
But again on July 25th, the DAX had started to decline. Germany's benchmark DAX Index slumped for the two consecutive days, paced by Allianz SE as the company lost some shares in the quarter. The DAX dropped by 0.9%. The Germany’s DAX market was still in a consolidation, but not in a correction, and it is expected that expectations for corporate earnings have risen significantly since last quarter and smaller disappointments may cause big share price moves.''
That was the position of DAX in the previous month which had started to fluctuate at a very rapid speed. We have to see how DAX performs this month. And already four-days have passed, and the latest information on DAX is, it has moved down a bit in value as the Benchmark indexes in DAX like Allianz AG (ALV GY) Duetshe bank and Germany’s biggest bank and Continental AG Germany’s biggest manufacturing company have seen their share values in a depreciating condition. So the DAX has slipped to 1.3%.
I think the DAX position would be all fluctuating this week too as the Benchmark Index of the DAX is not performing well. Though, lets see how things will work for DAX.
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