Business · Markets · 3 days ago
European stocks rise as satellite competition worries weigh on telecom shares
Most European shares rose on Friday, helped by falling oil prices.
Telecommunications stocks moved the other way as investors worried that satellite-based mobile services could compete with existing providers.
That concern can affect how much investors think telecom companies are worth.
The wider market still ended higher.
European stocks rose on Friday, supported in part by lower oil prices.
Telecommunications shares fell sharply amid worries about competition from satellite-based mobile services.
London’s FTSE 100 ended 1.1% higher at 10,552.05.
Paris’s CAC 40 rose 1.0%, while Frankfurt’s DAX 40 gained 1.1%.
The FTSE 100 finished the week up 0.9%.
- Who
- European stock markets and telecommunications shares.
- What
- European stocks rose, while telecom shares fell amid worries about competition from satellite-based mobile services.
- When
- Friday, October 9, 2026.
- Where
- European markets, including London, Paris and Frankfurt.
- Why
- Falling oil prices supported markets, while concerns about satellite-based mobile competition weighed on telecom shares.
This story does not have two clearly opposing sides.
Brent oil was quoted at 105.57 dollars a barrel.
US President Donald Trump ruled out a strike on Iran before next month’s US midterm elections.
European stock markets rose as oil prices fell, while telecom shares were weak amid satellite competition concerns.
- FTSE 100 close
- 10,552.05, up 110.45 points or 1.1%
- FTSE 250 close
- 24,213.78, up 269.90 points or 1.1%
- AIM all-share close
- 777.53, up 6.86 points or 0.9%
- CAC 40
- Up 1.0%
- DAX 40
- Up 1.1%
- Brent oil
- 104.86 dollars a barrel on Friday, down from 105.57 dollars late Thursday
What people are saying
Markets continue to move like a yo-yo as investors with a short-term view flip-flop between inflation and interest rate concerns to corporate earnings strength
sentiment can switch on the smallest thing
Sources
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