European Stocks Recover as Oil Prices Ease; SpaceX Move Weighs on Telecoms

Key Facts

1European stocks recovered on Friday as oil prices eased on hopes of a pause in the Middle East war.

2Telecom stocks slid following news of a SpaceX deal to acquire a nationwide spectrum portfolio.

European stocks recovered on Friday as oil prices eased on hopes of a pause in the Middle East war. Reuters reported that lower energy costs provided relief to the markets, although telecom stocks slid following news of a SpaceX deal to acquire a nationwide spectrum portfolio.

SPCX closed at $160.57 on October 8, 2026, with the stock trading between a low of $160 and a high of $167.6 during that session. The recovery in European equities follows earlier regional data showing the Eurozone annual inflation rate reached 3.8% on October 2, 2026.