DAX rebounds 1.1 percent at midday as oil eases on Iran hopes
Published on 10/09/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- DAX stood at 25,088 points, up 1.1 percent at midday on October 9, 2026.
- Easing oil prices and lower euro zone bond yields supported European equities.
- Deutsche Telekom fell 7.0 percent after SpaceX agreed to acquire a nationwide US spectrum portfolio.
- The University of Michigan releases preliminary October consumer sentiment at 4:00 p.m. CEST.
The DAX stood at 25,088 points, up 1.1 percent at midday on October 9, 2026, as easing oil prices and lower bond yields supported European equities. The index had closed at 24,807 points on October 8. RTTNews said the DAX had reached an intraday high of 25,134 points before easing back.
Deutsche Telekom falls 7.0 percent as SpaceX enters US spectrum
Deutsche Telekom was the main drag among large DAX stocks, falling 7.0 percent after SpaceX agreed to acquire a nationwide low-band spectrum portfolio. The deal raised concerns about competition for T-Mobile US, in which Deutsche Telekom holds a 54 percent stake, according to Reuters.
Zalando rose 4.7 percent and SAP gained 4.3 percent, while Heidelberg Materials advanced 3.4 percent, RTTNews reported.
What comes next
The University of Michigan is scheduled to release preliminary October consumer sentiment at 4:00 p.m. CEST on October 9, with a consensus forecast of 47.6 versus 48.1 in September, according to Deutsche Boerse.
