Lisbon, July 15, 2026 (Lusa) - The Lisbon stock market was trading lower on Wednesday, with Sonae leading the falls, dropping 1.42% to €2.09.
At around 09:10 in Lisbon, the PSI was down 0.39% at 9,091.40 points, with 13 companies falling and three rising.
Sonae’s shares were followed by those of CTT, NOS and Jerónimo Martins, which fell by 1.23% to €5.61, 1.01% to €4.89 and 0.97% to €16.28, respectively.
EDP Renováveis, Altri and Corticeira Amorim also fell, by 0.79% to €13.87, 0.75% to €4.66 and 0.63% to €6.34 respectively.
REN, Mota-Engil and Ibersol fell by 0.41% to €3.64, 0.27% to €4.49 and 9.22% to €9.09, respectively.
The other three companies whose share prices fell were Navigator (-0.19% to €3.11), BCP (-0.14% to €1.05) and Galp (-0.13% to €19.40).
Conversely, EDP, Semapa and Teixeira Duarte rose by 0.46% to €4.59, 0.25% to €20.25 and 0.21% to €0.48, respectively.
Across Europe, the main stock exchanges opened lower today following the release of better-than-expected year-on-year US inflation figures, which stood at 3.5% in June, down from 4.2% in May.
In today’s session, the highlight in Spain is the year-on-year inflation figure, following Tuesday’s US data, which remained at 3.2% in June despite the VAT increase on gas and electricity to 21%.
In the eurozone, the monthly change in seasonally adjusted industrial production for May will be released, whilst in the US the Beige Book will be published, which will help prepare for the next meeting of the US Federal Reserve (Fed) on 29 July, at which the possibility of a 0.25 percentage point rise in key interest rates is beginning to be ruled out, given the positive US inflation figures for June.
In this context, Fed Chair Kevin Warsh, in his first appearance on Tuesday before the House of Representatives’ Financial Services Committee, which he will repeat today before the Senate, pointed out that the Fed “has zero tolerance” for persistently high inflation, but he avoided giving any guidance on what might happen at the July or September meetings, merely noting that June’s inflation figure is “just a single data point” that should not be over-interpreted.
In any case, US-Iran tensions are prompting investors in this trading session to continue monitoring inflationary pressures.
On Tuesday, it emerged that, under pressure from its Gulf allies, the US naval blockade will ultimately be limited to ships travelling to and from Iranian ports and will not impose a 20% tariff on all cargo passing through the strait under US protection.
Meanwhile, the tit-for-tat attacks have continued, with Trump threatening to bomb Iranian power stations and civilian infrastructure next week if negotiations are not resumed.
This has led to further rises in oil prices, albeit more moderate ones.
Consequently, the price of Brent crude, the European benchmark, for September delivery has risen by 1.38% to $85.90.
MC/ADB // ADB.
Lusa
