Frankfurt's DAX 40 gained ground to close about 1.1% firmer at 25,102 on Friday, reversing a two-day decline that sent the index to the lowest in two months. Investor sentiment improved after President Trump ruled out a US attack on Iran before the November midterm elections, citing progress in talks to end the conflict. His remarks pushed oil prices lower and eased pressure on the bond market. Meanwhile, caution prevailed amd persistent tensions in the Gulf. Software giant SAP was the top performer, rising 3.8%, followed by Zalando (3.2%) and Bayer (3.2%). Siemens, BMW, Deutsche Post and Adidas, Fresenius Medical Care and Siemens Energy also advanced firmly, each adding over 2%. On the downside, Deutsche Telekom plunged nearly 8% as SpaceX’s spectrum acquisition raised concerns over increased competition for T-Mobile US, in which it holds a 54% stake. For the week, the index lost about 0.5%.
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0935 ET - Oil futures are giving back some of the previous day's gains after President Trump said the U.S. isn't planning to strike Iran before midterm elections on November 3. Trump's comment "has placed the crude markets back on the defensive amid what is likely to be a lull in attacks through the Strait of Hormuz," Ritterbusch & Associates says in a note. Hurricane Isaias prompted U.S. Gulf producers to evacuate platforms, shutting in production, although the storm track lies east of most U.S. Gulf coast refineries. Isaias became a Category 3 hurricane Friday morning, and is expected to make landfall late Friday or early Saturday, according to the National Hurricane Center. WTI is off 0.8% at $90.78 a barrel and Brent is down 1.1% at $103.19 a barrel. (anthony.harrup@wsj.com) 0301 ET - British energy major BP's deleveraging efforts are ahead of plan, Baader Helvea's Frederic Lorec writes, as he upgrades the stock's target price to 636 pence from 549 pence. He also upgrades the adjusted earnings per share forecast to $1.17 in 2026 and $0.81 in 2027, from $0.69 and $0.59. The upgrade stems from higher Brent prices and strong refining margins, he writes. (adam.whittaker@wsj.com) 2317 ET - Malaysia's offshore support vessel activity is expected to improve from 2027 onwards, says Affin Hwang IB analyst Ong Tze Hern in a note. The Malaysia Offshore Support Vessel Owners' Association expects stronger demand as upstream activity expands in Peninsular Malaysia and Sabah, he notes. Vessel utilization is likely to recover before charter rates, while increased decommissioning work could provide further support, he says. However, the pace of recovery will depend on Petronas' spending plans and approved budgets, he adds. Affin Hwang maintains a neutral rating on Malaysia's oil and gas sector, and pegs Dialog and Bumi Armada as top buys. (yingxian.wong@wsj.com) 1311 ET - Crude oil futures pare their earlier gains, with WTI now up 2.9% to $90.86 a barrel and Brent crude up 3.2% to $103.38 a barrel. WTI was briefly over $93 a barrel in morning trade, but quickly backed-off from highs after President Trump posted on Truth Social that the U.S. would not attack Iran before the midterm elections are held on Nov. 3. Escalating fighting in the Middle East has been a factor pushing up crude oil prices in recent sessions. The U.S. dollar, which has strengthened on rising Treasury yields, is flat. (kirk.maltais@wsj.com) (END) Dow Jones Newswires October 09, 2026 12:20 ET (16:20 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohib
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The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1131 ET - SpaceX's latest spectrum deal makes its Starlink business a more credible mobile operator, KeyBanc Capital Markets analysts say in a note. The company plans to purchase low-band spectrum, which can penetrate buildings, they say. Given this deal and a prior spectrum acquisition--both of which DISH was utilizing for mobile service--it seems possible SpaceX could take over DISH leases, the analysts say. (kelly.cloonan@wsj.com) 1045 ET - SpaceX's latest spectrum deal could stir up a fresh bout of worries over further competition for the big three wireless carriers, JPMorgan analysts say in a note. Beyond concerns over a new wireless entrant, or potential fourth carrier, the deal raises the risk that the leading players will need to spend more in upcoming spectrum auctions, the analysts say. However, the near-term risk to the wireless incumbents--which include Verizon, T-Mobile and AT&T--is still limited given the time, infrastructure and capital required to build a competitive terrestrial network, they say. (kelly.cloonan@wsj.com) 1026 ET - SpaceX is committing further to wireless with its plans to buy a nationwide spectrum portfolio from Grain Management, JPMorgan analysts say in a note. The low-band portfolio gives SpaceX a coverage layer with stronger in-building propagation, complementing the mid-band spectrum it's acquiring from EchoStar, the analysts say. That should provide higher-bandwidth capacity, giving credibility to Starlink Mobile's long-term opportunity, they say. The latest deal "supports our view that SpaceX's mobile ambitions extend beyond handsets into IoT, autonomous vehicles and robotics, or 'connectivity of all things,'" they say, adding they would not be surprised to see SpaceX pursue additional low-band assets over time.(kelly.cloonan@wsj.com) 0914 ET - Aritzia's strong F2Q and outlook ease some of the concerns over tough mobile app comparatives, says Michael Glen of Raymond James in a note. The end of October marks the one year anniversary of the women's fashion brand's mobile app launch, with the app performing very well, Glen says. He believes investors went into F2Q with a perspective that "tilted negative, with the absolute core concern due to this pending comp deceleration." Instead, Aritzia reported another set of "very strong results, and provided F3Q guidance that we believe should alleviate concerns regarding the tough mobile app compare." (adriano.marchese@wsj.com) 0742 ET - Vodafone's U.K. unit VodafoneThree is well-positioned in a challenging market but German trends are seen weakening, UBS analysts Polo Tang and Dhruva Kusa Shah write. "While we are positive on the U.K. unit, we are cautious on Vodafone Germany," they say. However, investors may be more focused on the chance French billionaire Xavier Niel will lead a turnaround if he gets a seat on board, t
1% firmer at 25,102 on Friday, reversing a two-day decline that sent the index to the lowest in two months. Investor sentiment improved after President Trump ruled out a US attack on Iran before the November midterm elections, citing progress in talks to end the conflict. His remarks pushed oil prices lower and eased pressure on the bond market. Meanwhile, caution prevailed amd persistent tensions in the Gulf.
2%). Siemens, BMW, Deutsche Post and Adidas, Fresenius Medical Care and Siemens Energy also advanced firmly, each adding over 2%. On the downside, Deutsche Telekom plunged nearly 8% as SpaceX’s spectrum acquisition raised concerns over increased competition for T-Mobile US, in which it holds a 54% stake. 5%.