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09.10.202607:43:33UTC+00DAX Bounces From 2-Month Lows

Frankfurt’s DAX 40 advanced 0.7% on Friday, rebounding after hitting a two‑month low in the previous session, as easing geopolitical tensions supported risk sentiment. Markets took comfort from comments by Trump, who ruled out a US strike on Iran before the November midterm elections and pointed to progress in negotiations to end the conflict. His remarks pushed oil prices lower and prompted a pullback in bond yields.

On the index, Zalando and SAP led the gains, each rising more than 3%. Heidelberg Materials added 2.6%, lifted by an upgrade from RBC. By contrast, telecommunications stocks underperformed: Deutsche Telekom slumped more than 6% after SpaceX’s acquisition of spectrum fueled concerns about intensified competition for T‑Mobile US, in which Deutsche Telekom holds a 54% stake.

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