Lisbon, June 12, 2026 (Lusa) - The Lisbon stock market continued its upward trend from the opening bell on Friday, with the two construction firms on the PSI rising by around 4.5% and Galp easing by 3.36% to €19.01.
At around 9:15 a.m. in Lisbon, Teixeira Duarte and Mota-Engil were up 4.52% to €0.45 and 4.47% to €4.72, respectively.
The PSI was up 0.38% to 9,058.75 points, with 11 companies rising, three falling, and two unchanged. EDP at €4.48 and NOS at €5.36.
The shares of the two construction firms were followed by those of BCP, CTT and EDP Renováveis, which rose by 2.40% to €0.94, 1.92% to €5.95 and 1.31% to €13.91.
Altri also rose (up 1% to €5.03), Navigator (up 0.63% to €3.52) and Ibersol (up 0.59% to €10.26).
Semapa, REN and Jerónimo Martins also rose, by 0.43% to €23.45, 0.14% to €3.51 and 0.06% to €17.69, respectively.
Shares of Galp, Corticeira Amorim, and Sonae fell 1.52% to €6.49 and 0.30% to €1.97, respectively.
In Europe, the main European stock exchanges opened today, extending the previous day’s gains, buoyed by optimism after the US President said that the war with Iran was over, in a session in which SpaceX is expected to go public.
US President Donald Trump repeated on Thursday that the war with Iran was over and expressed optimism regarding the ongoing negotiations with Tehran, although Iranian state media have pointed out that a final agreement is still in progress.
Trump’s statement, assuring that a pact between the two countries is imminent, came after he had ordered the cancellation of further attacks on Iranian targets hours earlier, suggesting that talks were progressing favourably. Iranian authorities are still awaiting confirmation of the agreement.
The prospect of the Strait of Hormuz reopening is driving oil prices lower.
The price of Brent crude, the European benchmark, for August delivery fell by 1.87% to 88.70 dollars.
Dow Jones and Nasdaq futures are down 0.07% and 0.67%, respectively, after the former closed up 1.86% and the latter up 2.54% on Thursday, following Trump’s cancellation of the attacks he had ordered against Iran.
The New York Stock Exchange is keeping a close eye on today’s debut of SpaceX, the company owned by tycoon Elon Musk, with an Initial Public Offering of $135 per share and the aim of raising $75 billion, thereby reaching a historic valuation of approximately $1.75 trillion.
In Europe, following the European Central Bank’s (ECB) decision – anticipated by the market – to raise key interest rates by a quarter of a percentage point to 2.25%, and ahead of the US Federal Reserve’s (Fed) decision on 17 June, which is expected to keep rates between 3.50% and 3.75%, Germany reported that year-on-year inflation in May stood at 2.6%, slightly lower than the 2.9% recorded in April and the 2.7% in March.
In the US, the University of Michigan will publish the preliminary June reading of the US consumer sentiment index on Friday, which is expected to have risen slightly after hitting a record low in May.
The euro was weaker, falling 0.13% to 1.1563 dollars on the Frankfurt foreign exchange market.
MC/ADB // ADB.
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