Lisbon, March 11, 2025 (Lusa) - The Lisbon stock market was holding on to its opening trend on Tuesday morning and trading upwards with EDP Renováveis shares rising 3.1% to €8.61.
At around 9.30 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Market Index) was advancing by 0.35% to 6,761.36 points, with 11 shares rising, three falling and one remaining unchanged (Semapa at €15.20).
EDP Renováveis shares were followed by EDP, which were up 2.59% to €3.21.
In the same trend, Sonae, Ibersol and Navigator shares were rising 0.97% to €1.04, 0.92% to €8.74 and 0.62% to €3.23.
Shares in Corticeira Amorim, NOS and Galp were also rising, namely 0.49% to €8.25, 0.34% to €4.45 and 0.31% to €14.57.
The other three shares that rose were Altri, REN and Mota-Engil, which rose 0.25% to 6.07 euros, 0.19% to 2.65 euros and 0.01% to 3.12 euros.
In the opposite direction, Jerónimo Martins, CTT and BCP shares were falling 0.39% to €20.28, 0.29% to €6.80 and 0.26% to €0.53.
The main European stock markets were trading with varying trends today, following the sharp falls on Wall Street on Monday due to fears that the US economy will fall into recession.
Today, the EU will continue to consider ways of financing Europe's rearmament plan.
Also on the agenda today will be a new meeting between the United States and Ukraine in Saudi Arabia to continue peace talks.
Trump hopes that progress will be made and that Ukraine will sign the agreement on rare earth minerals, while Ukraine may propose a partial ceasefire that would allow the United States to resume the supply of military equipment.
The US small business optimism index, which soared after the US presidential election and fell sharply in January, will be released today, with companies worried about the impact of the new tariffs that President Trump intends to impose.
On the other side of the Atlantic, the stock market on Wall Street ended in negative territory, reacting to statements made by US President Donald Trump, who, when asked about his opinion on some data that pointed to a recession, said he didn't want to make predictions, but anticipated an ‘economic transition period’ due to tariffs that could lead to a recession.
On the commodities market, the price of Brent oil for delivery in May, the benchmark in Europe, was up, but to US$69.53, compared to US$69.28 on Monday.
The Euro was stronger, at US$1.0903 on the Frankfurt exchange, compared to US$1.0830 on Monday and US$1.0218 on 13 January, a low since 10 November 2022.
MC/AYLS // AYLS
Lusa
