Lisbon, May 29, 2026 (Lusa) – The Lisbon stock market was trading higher on Friday, with construction companies leading the gains as Teixeira Duarte rose 2.58% to €0.44 and Mota-Engil climbed 1.66% to €4.77.
The PSI (Portuguese Stock Index) maintained its opening trend, rising 0.17% to 9,102.99 points around 9:35 a.m. in Lisbon. Eleven companies rose, three fell, and two remained unchanged (EDP Renováveis at €14.10 and REN at €3.54).
Shares in retailers Sonae and Jerónimo Martins followed the two construction companies, gaining 0.73% to €1.92 and 0.49% to €18.40, respectively.
NOS, BCP, and Navigator appreciated 0.38% to €5.23, 0.25% to €0.97, and 0.18% to €3.43, respectively.
Ibersol and CTT followed the same positive trend, rising 0.17% to €11.78 and 0.16% to €6.11.
Corticeira Amorim (up 0.15% to €6.70) and Galp (up 0.03% to €18.52) were the other two companies gaining value.
Semapa, Altri, and EDP moved in the opposite direction, dropping 0.42% to €23.90, 0.41% to €5.01, and 0.18% to €4.41, respectively.
Major European stock markets opened higher on Friday. Meanwhile, oil prices fell amid uncertainty surrounding peace negotiations between Washington and Tehran and the reopening of the Strait of Hormuz.
Brent Crude, the European benchmark for July delivery, decreased 1.25% to $92.54.
Dow Jones and Nasdaq futures recorded gains of 0.09% and 0.45%, respectively, after both indices closed at all-time highs on Thursday.
White House Deputy Chief of Staff Stephen Miller said Iran made "significant, substantial, and momentous concessions" in the peace talks, as speculation continues over a deal to end the war.
Negotiations between the US and Iran continue without any certainty about "when, or if, the memorandum of understanding will be signed," US Vice President J.D. Vance said. Washington announced the memorandum on Thursday, which Tehran later denied, though Vance stated he remains "optimistic."
Vance confirmed significant progress in the talks but acknowledged two remaining obstacles to reaching an agreement, specifically the stockpiles of enriched uranium and "the issue of enrichment itself."
Friday's economic agenda features the release of inflation data in Spain, France, Germany, and Italy, which is particularly relevant as it may indicate the impact of rising oil prices.
Spain's year-on-year inflation remained stable at 3.2%, matching the April rate. Transport and leisure drove prices up during the month, though the decline in clothing and footwear prices offset this increase.
France saw the same indicator rise to 2.4% in May, up from 2.2% a month earlier.
Germany is scheduled to release its May unemployment figures on Friday, 29 May.
The euro fell slightly by 0.03% to $1.1649 on the Frankfurt foreign exchange market.
MC/RYOL // ADB.
Lusa
