Benchmarks

Stocks extended gains in February, lifting the STOXX® Global 1800 index to a record high, following better-than-expected US labour market and corporate earnings reports.

Results of the first regular quarterly review 2024 of benchmark indices will be effective March 18, 2024.

The sector composition of the Eurozone blue-chip benchmark looks very different from its inception 26 years ago. Most recently, two technology stocks – ASML and SAP – have had the biggest influence on the index’s direction, and may be re-positioning it in the eyes of investors.

STOXX Ltd., part of the ISS STOXX GmbH group of companies and a leading provider of index solutions for institutional investors worldwide, has licensed a new ESG benchmark for the German equity market to DZ BANK. The DAX 30 ESG index expands the options for ESG (Environmental, Social, Governance) investing in German equities and, as of today, forms the basis for several discount certificates that are tradable on the Frankfurt Stock Exchange.

The STOXX Global 1800 rose 1.3% last month and nearly topped its record high from 2022 when excluding dividends. Technology shares extended their rally, while Momentum-style stocks had their best month on record relative to the benchmark.

Stocks extended gains in January, lifting the STOXX® Global 1800 index near an all-time high, as optimism that major central banks will soon start cutting interest rates carried into the new year.

STOXX Ltd. has announced unscheduled component changes in the MDAX, SDAX and TecDAX indices.

The STOXX Global 1800 jumped 4.9% last month, taking its 2023 gain to 24% — its best annual showing since 2019. Optimism that US interest rates will fall as early as 2024 triggered equity gains across regions and styles in the last two months.

Stocks extended gains in December, pushing the STOXX® Global 1800 index to a record high, on optimism that the Federal Reserve has managed to bring inflation under control without causing a recession.

The DAX 30 ESG index is the latest introduction to a family of sustainable German benchmarks from DAX. It incorporates negative exclusionary screens and selects large stocks with the highest ESG scores.

Since 2020, the DAX indices have undergone a sustained evolution to have their rules adjusted and aligned with the needs of modern markets. As of March 2024, the indices’ methodology will change the way they treat corporate actions, while data distribution will move to the reporting system used by STOXX indices. Additionally, the indices’ weight cap for individual constituents will be raised from 10% to 15%.

Changes were announced as part of the December regular review of the DAX 50 ESG, DAX 50 ESG+, DAX ESG Target, DAX ESG Screened, MDAX ESG+, MDAX ESG Screened and DAX indices.