DAX ends week 0.6% lower on oil, yields and Telekom; US banks report next
The DAX ended the week at 25,087 points, about 0.6% lower. Oil, bond yields and SpaceX weighed. Next week brings inflation data from Germany and the US and the first results from big US banks.
The DAX benchmark index (Germany's 40 largest listed companies) closed Friday, 9 October, up 1.13% at 25,087.27 points on Xetra. Over the week it was still down about 0.6%. On Thursday the DAX briefly fell below 25,000 points, its lowest level since 23 July. The MDAX of mid-sized companies lost about 1.5% over the week, the TecDAX technology index about 2.5% and the SDAX about 0.4% (our own calculation from rounded closing levels). The Euro Stoxx 50 closed at 6,173.37 points, about 1% lower on the week.
Oil and bonds dominated. The conflict between the US and Iran is keeping oil prices high, and bond yields in the euro area and the US are close to their highs. A Helaba analyst expects the tension to last at least until the US midterm elections in early November. On top of that, SpaceX plans to become a US mobile operator, which hit Deutsche Telekom, the parent of T-Mobile US.
According to finanzen.net's weekly ranking (Xetra prices from 2 to 9 October), Zalando was the DAX's biggest winner at +6.9%, ahead of Brenntag, Scout24 and SAP. Infineon (−8.9%) and Deutsche Telekom (−7.0%) lost the most.
Coming up (12–16 October): on Tuesday, the second release of German consumer prices for September and results from JPMorgan and Goldman Sachs; on Wednesday, US inflation and results from Bank of America and Morgan Stanley; on Thursday, US retail sales; on Friday, euro-area inflation. The ZEW index (sentiment among financial experts) is not due until 20 October, and there is no ECB meeting this week.
| Index | Close | Day % | Week % (approx.) |
|---|---|---|---|
| DAX | 25,087 | +1.13 % | −0.6 % |
| MDAX | 29,990 | +1.64 % | −1.5 % |
| TecDAX | 3,978 | +0.30 % | −2.5 % |
| SDAX | 18,098 | +1.50 % | −0.4 % |
| Euro Stoxx 50 | 6,173 | +0.76 % | −1.0 % |
| Company | Week % |
|---|---|
| Zalando | +6.87 % |
| Brenntag | +6.01 % |
| Scout24 | +5.69 % |
| SAP | +4.10 % |
| HOCHTIEF | −4.32 % |
| Fresenius Medical Care | −5.18 % |
| MTU Aero Engines | −5.75 % |
| Deutsche Telekom | −7.00 % |
| Infineon | −8.94 % |
| Day | Event |
|---|---|
| Mon 12 Oct | Volkswagen: Q3 deliveries |
| Tue 13 Oct | Germany: September consumer prices (2nd release); JPMorgan, Goldman Sachs: results |
| Wed 14 Oct | US: September consumer prices; Bank of America, Morgan Stanley: results |
| Thu 15 Oct | US: retail sales, Philly Fed index; euro area: industrial production |
| Fri 16 Oct | Euro area: September consumer prices (2nd release); US: industrial production |
| Tue 20 Oct | ZEW economic sentiment (following week) |
For information only, not investment advice. Prices as of the time stated, not real-time quotes.
Sources
- dpa-AFX via onvista: ROUNDUP/Aktien Frankfurt Schluss – Öl und Anleihen helfen Dax über 25.000 Punkte (9.10.2026)
- Dow Jones via MarketScreener: XETRA-SCHLUSS/Fest – Deutsche Telekom brechen ein (9.10.2026)
- Dow Jones via finanzen.at: XETRA-SCHLUSS/DAX verabschiedet sich versöhnlich ins Wochenende (2.10.2026)
- dpa-AFX via ARIVA.DE: ROUNDUP/Aktien Europa Schluss – Erholung (9.10.2026)
- finanzen.net: DAX Gewinner und Verlierer KW 41/26 (Stand 9.10.2026)
- dpa-AFX via ARIVA.DE: WOCHENAUSBLICK – Dax im Bann von Öl und Anleihen, US-Berichtssaison startet (9.10.2026)
- dpa-AFX via finanzen.net: WOCHENVORSCHAU – Termine bis 23. Oktober 2026 (9.10.2026)
- ZEW: 2026 Release Dates for ZEW Indicator of Economic Sentiment
