Lisbon, June 18, 2026 (Lusa) - The Lisbon stock market continues to trade lower on Thursday morning, losing 1.31%, with all listed companies falling, led by Semapa, which was down 2.01% to €21.95.
At 9.45 am in Lisbon, the PSI, Portugal’s benchmark index, was down 1.31% at 8,971.80 points, with all 16 constituent companies trading in negative territory.
After Semapa, which was the only company to fall by more than 2%, the following companies were down by more than 1%: shares in Jerónimo Martins, EDP Renováveis, Sonae and Navigator, with falls of 1.98%, 1.48%, 1.32% and 1.26% respectively, to €17.33, €13.30, €1.95 and €3.45.
Also down by more than 1% were EDP (-1.25% to €4.35), CTT (-1.17% to €5.93) and Teixeira Duarte (-1.04% to €0.47).
Also in negative territory were REN, which fell by 0.99% to €3.51, Corticeira Amorim, which fell by 0.76% to €6.56, NOS, which fell by 0.67% to €5.18, and Altri, which fell by 0.60% to €4.97.
Shares in Ibersol, Galp Energia, BCP and Mota-Engil also continued to fall, by 0.58% to €10.24, 0.54% to €18.44, 0.54% to €1.02 and 0.30% to €4.70 respectively.
European stock markets were trading without a clear direction today, after the US Federal Reserve (Fed) kept interest rates on hold and Trump signed a memorandum of understanding to end the war with Iran.
At around 9.0 am in Lisbon, the Eurostoxx 600 was down 0.54% to 638.77 points.
At the same time, London and Madrid were also down, falling by 0.61% and 0.16% respectively, whilst Paris rose by 0.41%, Frankfurt gained 0.25% and Milan rose by 0.13%.
The markets are reacting to Wednesday’s decision by the Fed — the first under the chairmanship of Kevin Warsh — to keep interest rates between 3.50% and 3.75%, announced in a brief statement with no indication that the next move might be a cut.
Meanwhile, the Bank of England (BoE) is set to announce its monetary policy today, which is also expected to remain unchanged, with rates staying at 3.75%.
The signing of the agreement to end the war between the US and Iran led to oil prices falling by more than 2%.
Brent crude, the European benchmark, fell by 2.25% to US$77.74 per barrel, whilst West Texas Intermediate (WTI), the US benchmark, fell by 2.63% to US$74.81.
Natural gas also benefited from the peace agreement, falling by almost 4% to €40.24 per megawatt-hour.
Gold and silver also recorded falls, with gold down 1.30% to US$4,324.5 per ounce, whilst silver fell by 2.65% to US$68.86.
Wall Street futures rose by 1.47% for the Nasdaq, 0.92% for the S&P 500 and 0.63% for the Dow Jones Industrials, in a session in which initial jobless claims are due to be released. The three indices closed lower on Wednesday, down 1.34%, 1.21% and 0.98% respectively.
In Asia, stock markets reacted positively to the signing of the memorandum of understanding by US President Donald Trump, with some reaching all-time highs.
This was the case for the Nikkei, the main index of the Tokyo Stock Market, which rose by 1.65% and closed above 71,000 points for the first time, as well as the Kospi, the main index of the Seoul Stock Market, which advanced by 2.25% and surpassed the 9,000-point mark for the first time.
Meanwhile, the Shanghai benchmark index fell by 0.43% today, whilst the Shenzhen stock market rose by 0.94% and the Hang Seng Index in Hong Kong, pending the close of trading, was down by 2.18%.
In the bond market, the yield on the 10-year German government bond rose to 2.928%.
Meanwhile, the euro rose by 0.1% to trade at US$1.151, whilst bitcoin fell by 0.63% to US$63,963.2.
PD/AYLS // AYLS
Lusa
