$DTEGY

A Yahoo Finance AlphaSpace market check said stocks rose early as a weak jobs report supported expectations the Federal Reserve will hold rates. The Nasdaq Composite (^IXIC) gained about 0.5%. The article highlights SpaceX (SPCX) remarks on Starlink targeting AT&T, Verizon and T-Mobile, and Musk comments on building 20 gigawatts of power, affecting telecom and power-related stocks, plus Nvidia (NVDA) after SpaceX chose Nvidia.

Deutsche Telekom said its board approved an expanded 2026 share buyback program, adding up to €3 billion to raise the total repurchase capacity to as much as €5 billion, according to the company. The decision on Aug. 6, 2026 followed upgraded free-cash-flow guidance and aims to address the company’s low share price. Shares rose sharply, its biggest jump in four years.

European shares extended record highs for a third day, with the Stoxx 600 up 0.2% to 658.19 as investors weighed a potential US-Iran peace deal and progress toward reopening the Strait of Hormuz. LSEG data projects Stoxx 600 Q2 earnings up nearly 21%. Deutsche Telekom, WPP, Renk, Hikma rose; Rheinmetall, Siemens fell.

Sphere Labs says its SphereNet will add compliance checks for AI agent payments on blockchain settlement. It cites Coinbase x402 activity of 109.6 million transactions and about $15 million adjusted volume since May 2025. On Aug 3, Sphere Labs announced Deutsche Telekom will run a validator from testnet to its planned 2027 mainnet.

Deutsche Telekom said it raised its 2026 share-buyback authorization from 2 billion to up to 5 billion, citing share-price volatility and other factors. The company reported organic revenue up 3.3% to 29.9 billion, adjusted EBITDA after leases up 7.3% to 11.8 billion, and free cash flow after leases up 3.1% to 5 billion. It lifted its 2026 free-cash-flow outlook to about 20 billion. Shares rose nearly 7% in Frankfurt.

European shares extended record highs for a third session, with the STOXX 600 up 0.2% to 658.19, helped by largely positive earnings and optimism around potential US-Iran de-escalation and progress on reopening the Strait of Hormuz. LSEG data shows STOXX 600 Q2 earnings expected to rise about 21%. Notable moves included Deutsche Telekom, WPP, Renk, Rheinmetall, Siemens, and Hikma Pharmaceuticals.

Deutsche Telekom CEO Tim Höttges downplayed market claims that SpaceX’s Starlink could overtake terrestrial mobile networks, calling some assertions “far-fetched.” He cited DT’s existing Starlink partnerships and said terrestrial networks keep advantages in dense areas. DT reported Q2 net revenue up 3.3% to €29.9bn and adjusted EBITDAal up 7.3% to €11.8bn, with fibre passing 13.6m homes in Germany.

Deutsche Telekom shares rose about 6% in Germany after the company reported Q2 higher adjusted EBITDA AL and revenue growth, though net profit fell. It kept its 2026 outlook for EPS around €2.20 and adjusted EBITDA AL around €47.5B, and raised free cash flow to about €20.0B. It also increased its 2026 buyback by up to €3B to as much as €5B total.

Germany’s DAX rose modestly in Thursday morning trading, reaching 26,210.50 before easing to 26,169.49 (+0.12%). Deutsche Telekom gained about 6% on Q2 operating profit of €6.863bn and a larger 2026 buyback. Merck rose 1.5% after upgrading full-year guidance. Other moves included Henkel (+4.3%) and Siemens (-6%).

European shares hit record highs as investors weighed optimism over a potential U.S.-Iran peace deal and progress toward reopening the Strait of Hormuz, alongside corporate earnings. STOXX 600 rose 0.4% to 660. LSEG data projects STOXX 600 Q2 earnings growth near 21%. Deutsche Telekom shares gained after expanding its 2026 buyback to up to €5 billion; Glanbia rose after 7% YoY half-year revenue growth.