{
  "id": 13157376,
  "title": "European stocks eke out weekly gain as oil, yields ease; SpaceX spectrum deal hits telecoms",
  "url": "https://urgent.news/2026/10/09/european-stocks-eke-out-weekly-gain-as-oil-yields-ease-spacex",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T16:31:19.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/oil-relief-lifts-european-stocks-telecoms-a-weak-spot-4940340"
  },
  "original_language": "en",
  "account": "European stocks managed to gain slightly on Friday after oil prices and bond yields eased due to hopes of a pause in the Middle East war, while telecom stocks declined following SpaceX's acquisition of a nationwide spectrum portfolio in the US. The pan-European STOXX 600 index ended the day up by 1%, recovering from its weekly decline. On Thursday, the index hit a nearly four-month low as surging oil prices and rising bond yields pushed investors away from riskier assets. However, oil prices dropped over 1% on Friday after US President Donald Trump stated that his country would refrain from attacking Iran before the upcoming midterm elections. This eased concerns about potential inflationary pressures and the need for central banks to aggressively tighten monetary policy. Eurozone bond yields also softened after reaching multi-decade highs this week, with fiscal concerns in France ahead of the presidential election adding to the pressure on French bonds. Despite the rise in French political and fiscal risks, European equities have remained relatively unscathed, supported by strong global growth and earnings upgrades driven by the AI investment boom. The European Union and China have also reached an agreement to halve Chinese exports of hybrid and plug-in hybrid vehicles to the EU, improve EU access to China's market, and ease Chinese licensing of rare-earth exports. This development boosted European automobile stocks, which gained 1.5% and marked their biggest daily increase in over three weeks. Most other sectors on the STOXX 600 index ended higher, except for telecom stocks, which declined 2.9% to an eight-month low. Deutsche Telekom, which holds a 54% stake in T-Mobile US, saw its shares fall 7.9%, marking the steepest one-day decline in over three years. The company's downfall followed SpaceX's deal to acquire a nationwide low-band spectrum portfolio in the US, posing a direct, orbital challenge to established wireless providers. Investors are now eagerly awaiting the third-quarter earnings season to assess how companies are performing amidst higher inflation and interest rates. Analysts predict that STOXX 600 companies will see a third-quarter profit growth of 21% compared to the previous year, with energy and basic material firms expected to contribute the most to this growth.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "US, European telecom stocks slide as SpaceX spectrum deal rattles sector",
        "url": "https://urgent.news/2026/10/09/us-european-telecom-stocks-slide-as-spacex-spectrum-deal-rattles-13104220",
        "published": "2026-10-09T09:00:21.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "European stocks attempt bounce; Telecom stocks fall on SpaceX’s spectrum deal",
        "url": "https://urgent.news/2026/10/09/european-stocks-attempt-bounce-telecom-stocks-fall-on-spacexs",
        "published": "2026-10-09T10:54:35.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Apple falls, SpaceX spectrum deal pressures telecom stocks",
        "url": "https://urgent.news/2026/10/09/apple-falls-spacex-spectrum-deal-pressures-telecom-stocks",
        "published": "2026-10-09T12:44:25.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "US stocks open higher as oil slips; telecoms hit by SpaceX spectrum deal",
        "url": "https://urgent.news/2026/10/09/us-stocks-open-higher-as-oil-slips-telecoms-hit-by-spacex-spectrum",
        "published": "2026-10-09T13:59:54.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "US telcos shed $45bn in value after SpaceX announces spectrum purchase",
        "url": "https://urgent.news/2026/10/09/us-telcos-shed-45bn-in-value-after-spacex-announces-spectrum-purchase",
        "published": "2026-10-09T14:37:34.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "SpaceX makes big move into wireless. These once 'obsolete' tech stocks could benefit",
        "url": "https://urgent.news/2026/10/09/spacex-makes-big-move-into-wireless-these-once-obsolete-tech-stocks",
        "published": "2026-10-09T15:59:48.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Verizon, AT&T, and T-Mobile stocks sank after SpaceX agreed to buy mobile spectrum",
        "url": "https://urgent.news/2026/10/09/verizon-at-t-and-t-mobile-stocks-sank-after-spacex-agreed-to-buy",
        "published": "2026-10-09T17:30:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}