$DTE.DE

US-Iran diplomatic exchanges continue post-New York meeting, with Trump calling discussions productive. Brent crude falls. US military sources report missile mobilization. Telecoms sector lags due to SpaceX's $8bln spectrum acquisition. European equities rise, US futures follow. SoftBank seeks up to $100bln for AI-focused fund. Key data releases ahead include Canadian jobs and US consumer sentiment. US-Iran tensions remain a focus.

Cloudflare (NYSE:NET) and Deutsche Telekom have partnered to expand security and connectivity services for European enterprises. Deutsche Telekom will integrate Cloudflare's offerings into its business client portfolio across multiple European markets, including joint technical work and training. This partnership aligns with Cloudflare's strategy of high-value partnerships and deeper enterprise penetration, potentially benefiting its European market presence.

Warner Bros Discovery's (WBD) HBO Max streaming service is now available via Deutsche Telekom's MagentaTV in Germany. The service, launched in January, offers movies, series, and family content from brands like HBO and Warner Bros, with subscription prices starting at €5 per month. Both companies highlighted the partnership's benefits for customers.

Apple's new iPhone Handoff feature, allowing users to share a single phone number across two iPhones, will cost $5/month on T-Mobile. Deutsche Telekom includes it in their MultiSIM offering, which may cost €6.95/month. The feature is launching with T-Mobile and Telekom Germany, with Verizon and EE adding support later this year.

European stocks rose 0.49% on Sep 3, recovering from one-month lows, with Soitec up 10.3% after raising its 2027 revenue growth outlook to 50%. Oil prices eased but remained high, and ECB rate hikes are expected. WPP and Publicis gained after a media account win, while luxury stocks fell. Commerzbank and Deutsche Telekom also rose on positive news.

Deutsche Telekom said it will buy Fiberhost and Inea from Macquarie Asset Management for about EUR 1 billion enterprise value. The deal is expected to add Inea’s 300,000+ customers and Fiberhost’s fiber network passing 1.4 million homes, expanding T-Mobile Polska’s fixed broadband. Deutsche Telekom shares were down 0.56% at EUR 28.51.

Germany’s DAX rose 0.64% to 26,333.28 as investors weighed earnings and oil moves. Brent futures neared $83 amid uncertainty about reopening the Strait of Hormuz. Company moves included Scout24 up 5%, SAP up 3.75%, Infineon up 3%, and Daimler Truck Holding down about 4.2%. Munich Re fell 2.7% and Allianz slipped after earnings.

European shares rose near record highs, helped by resilient company results and German factory orders data. STOXX 600 gained 0.5% to 660.17; DAX rose 0.2%, CAC 40 0.7%, FTSE 100 0.3%. Iran said it is drafting an Oman deal on Strait of Hormuz shipping. Notable moves: WPP +23%, Deutsche Telekom +6%, Siemens -5%, Tullow Oil -5.3%.