Europe Market Wrap 9 October: All Nine Indices Rise as Basic Resources Jump 2.99 Percent
All nine European indices we track closed higher on Friday as oil eased from Thursday’s spike and the week’s bond selloff paused. Frankfurt’s DAX led, up 1.13 percent at 25,087.27 on Deutsche Boerse’s closing value, and Madrid’s IBEX 35 logged the shallowest gain at 0.55 percent. The Stoxx Europe 600 rose 1.03 percent to 631.95 on its official closing value, snapping a two-session decline, with basic resources up 2.99 percent the strongest of the eight sectors we track and telecommunications, 2.87 percent lower, the only fall. Brent traded at 104.55 dollars a barrel, 0.26 percent above Thursday’s settlement, by the 16:08 GMT reading.
Gilt yields step back and the whole panel turns higher
Reuters’ markets report had world stocks rising and oil slipping after US President Donald Trump said the United States would not attack Iran before next month’s midterm elections, with European government borrowing costs broadly lower after the selloff driven by inflation worries and France’s fiscal outlook, the premium on French debt narrowing over the week, and the third-quarter earnings season opening next week with the Wall Street banks. The euro headed for a fifth consecutive weekly decline, close to the 17-month low touched earlier this week. In London, 10-year and 30-year gilt yields eased after setting fresh multi-decade highs earlier in the week, and the FTSE 100, up 1.06 percent at 10,552.05 on the exchange’s own page, headed for a small weekly advance alongside the FTSE 250; Airtel Money’s shares opened at their 1.96 pound offer price in one of London’s biggest listings in years and ended at 1.84 pounds on the exchange’s own page, below the offer after touching 2.00 pounds. Zurich’s SMI rose 1.10 percent to 13,787.40 on SIX’s own figures, Paris’s CAC 40 added 0.95 percent to 7,803.33 and Amsterdam’s AEX 0.87 percent to 1,130.95 on Euronext’s finals, Milan’s FTSE MIB gained 0.91 percent to 49,746.31 on the exchange’s 17:40 value, and Madrid’s IBEX 35 closed at 19,033.10 on BME’s 17:35 settled value.
A spectrum deal fells telecoms while basic resources lead
Telecommunications fell 2.87 percent to 268.17, the only sector decline of the session, after SpaceX’s deal to acquire a nationwide portfolio of low-band spectrum licences paved the way for Starlink Mobile to become a major US telecom operator, as Reuters reported it. On the London Stock Exchange’s own pages Airtel Africa closed 6.27 percent lower, Vodafone 4.86 percent lower and BT Group 2.38 percent lower. Basic resources rose 2.99 percent to 826.47, the day’s strongest sector, with gold and silver up 1.34 and 2.89 percent in our standing rows at the same reading. Health care rebounded 1.75 percent to 1,100.26 a day after it took the deepest sector fall, and automobiles and parts added 1.34 percent. Banks rose 0.74 percent and technology 0.69 percent, the two shallowest gains among the sectors that rose.
Strongest gains
| Index | Close | Change |
|---|---|---|
| DAX (Germany), Xetra close | 25,087.27 | +1.13% |
| SMI (Switzerland) | 13,787.40 | +1.10% |
| FTSE 100 (UK) | 10,552.05 | +1.06% |
Closes of Friday 9 October 2026, strongest first; the STOXX pair are official closing values, the DAX Deutsche Boerse’s close, the rest the exchanges’ own pages. All nine indices closed higher, so the pair of tables splits tonight as the strongest and the shallowest gains, with the reason disclosed here. Run lengths count against our published closes.
Shallowest gains
| Index | Close | Change |
|---|---|---|
| IBEX 35 (Spain) | 19,033.10 | +0.55% |
| Euro Stoxx 50 (euro area) | 6,177.37 | +0.83% |
| AEX (Netherlands) | 1,130.95 | +0.87% |
| FTSE MIB (Italy) | 49,746.31 | +0.91% |
| CAC 40 (France) | 7,803.33 | +0.95% |
| Stoxx Europe 600 (Europe) | 631.95 | +1.03% |
Same session and basis, ranked from the shallowest gain upward.
Stoxx Europe 600 sectors
| Sector | Close | Change |
|---|---|---|
| Basic Resources | 826.47 | +2.99% |
| Health Care | 1,100.26 | +1.75% |
| Automobiles and Parts | 417.03 | +1.34% |
| Banks | 398.03 | +0.74% |
| Technology | 1,056.65 | +0.69% |
| Telecommunications | 268.17 | -2.87% |
Official closing values, top three and bottom three of the eight Stoxx Europe 600 sectors we track; omitted middle: Personal and Household Goods, 1.28 percent higher at 929.58, and Oil and Gas, 0.88 percent higher at 569.63.
Commodities and currencies
| Instrument | Level | Change |
|---|---|---|
| Gold, COMEX (Dec’26), dollars an ounce | $4,212.90 | +1.34% |
| Silver, COMEX (Dec’26), dollars an ounce | $61.14 | +2.89% |
| Brent Crude, ICE (Dec’26), dollars a barrel | $104.55 | +0.26% |
| WTI Crude, NYMEX (Nov’26), dollars a barrel | $91.94 | +0.49% |
| US Dollar Index (DXY) | 102.30 | +0.16% |
| Euro/Dollar | 1.1192 | -0.15% |
| Sterling/Dollar | 1.3227 | +0.02% |
| Dollar/Yen | 158.28 | +0.27% |
Intraday quotes at 16:08 GMT, in fixed order; snapshots, not settlements. The Brent and WTI changes are against Thursday’s settlements of 104.28 and 91.49 dollars, as published in our Commodities Wrap of 8 October 2026.
Asia, session of Friday 9 October
| Index | Close | Change |
|---|---|---|
| Hang Seng (Hong Kong) | 24,211.35 | +1.79% |
| Nifty 50 (India) | 22,520.45 | +1.30% |
| S&P/ASX 200 (Australia) | 8,716.60 | +0.64% |
| Topix (Japan) | 4,104.81 | +0.33% |
| Shenzhen Component (China) | 12,641.86 | +0.17% |
| Shanghai Composite (China) | 3,813.79 | +0.05% |
| Nikkei 225 (Japan) | 69,030.92 | -0.02% |
| Straits Times (Singapore) | 5,401.89 | -0.20% |
Carried whole from our Asia Market Wrap of 9 October 2026, gainers then losers in its published order; Seoul and Taipei did not trade, closed for Hangeul Proclamation Day and Taiwan’s National Day adjusted holiday, as disclosed there.
United Arab Emirates
| Index | Close | Change |
|---|---|---|
| DFM General (Dubai) | 5,818.47 | +0.33% |
| FTSE ADX General (Abu Dhabi) | 9,795.67 | -0.06% |
Carried from our Asia Market Wrap of Friday 9 October 2026; the UAE trades on Friday and these are the region’s latest closes.
Middle East, session of Thursday 8 October
| Index | Close | Change |
|---|---|---|
| MSX 30 (Oman) | 7,832.249 | +0.05% |
| Bahrain All Share (Bahrain) | 1,895.54 | -0.18% |
| Boursa Kuwait All-Share (Kuwait) | 8,632.71 | -0.40% |
| ASE Index (Jordan) | 4,161.99 | -0.91% |
| Tadawul All Share (Saudi Arabia) | 10,376.28 | -1.57% |
| FTSE ADX General (Abu Dhabi) | 9,801.07 | -1.60% |
| DFM General (Dubai) | 5,799.23 | -1.67% |
| QE Index (Qatar) | 9,005.61 | -2.21% |
Carried whole from our Middle East Market Wrap of 8 October 2026, gainers then losers in its published order; Thursday was the last session for the Sunday-to-Thursday markets before the Gulf weekend, and Egypt’s EGX did not trade for the holiday and resumes Sunday 11 October, as disclosed there.
Why it matters: The week’s selling ran on two prices, the barrel and the long yield; on Friday the yield stepped back and the barrel eased from its spike, and every index rose. The shape of the rebound says it is relief rather than conviction: the sector that led digs the metals that got dearer, the only sector that fell was knocked over by a single American deal rather than by anything European, and the bond market gave back only a fraction of the week’s move. A session that rewards miners and punishes nothing else is pricing a pause in the shock, not its end. Of the 19 indices we published across Friday’s Asia session, the UAE’s Friday session and Europe, the Hang Seng led at 1.79 percent higher and Singapore’s Straits Times lagged at 0.20 percent lower.
Outlook: Our Commodities wrap follows after tonight’s settlements, where crude’s first settlements since Thursday’s surge decide how the week closes, and the US wrap after the New York close. Our Week Ahead for the coming week follows, and Sunday’s Middle East wrap reads the Gulf’s first response, with Egypt’s EGX back from its holiday.
How these wraps are prepared: Methodology.
Sources: STOXX, London Stock Exchange, Deutsche Boerse, Euronext, Borsa Italiana, BME, SIX, CNBC, Reuters, The Edge.
