Lisbon, June 10, 2025 (Lusa) - The Lisbon stock market was holding on to its opening trend and trading slightly higher this Tuesday morning, although with more stocks falling, led by Mota-Engil, which was shedding more than 3%, than rising.
At around 9:35 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Index) was up 0.07% to 7,431.13 points, but with eight of the 15 listed companies trading in negative territory, one unchanged (Corticeira Amorim, at €7.89) and the remaining six up.
EDP Renováveis was gaining 0.81% to €9.36, while Galp Energia was rising 0.69% to €15.39, REN 0.68% to €2.96, EDP 0.57% to €3.56, Altri 0.39% to €5.14 and Jerónimo Martins 0.09% to €21.26.
In the opposite direction, Mota-Engil shares led the declines, falling 3.82% to €4.18, followed by BCP (-1.44% to €0.67) and CTT (-1.19% to €7.46).
Also falling, but by less than 1%, were Navigator, Ibersol, NOS and Sonae, with declines of 0.54%, 0.40%, 0.26% and 0.17%, to €3.33, €9.86, €3.84 and €1.21, respectively.
European stock markets opened slightly higher today, pending trade negotiations between the US and China, on a day when the Sentix investor confidence survey for the eurozone will be released.
At around 8:35 a.m. in Lisbon, the EuroStoxx 600 was down 0.02% to 553.14 points.
The London and Paris stock markets were rising 0.43% and 0.09%, respectively, while those in Madrid and Milan were gaining 0.17% and 0.06%.
Frankfurt was the exception, falling 0.18%.
The euro was weaker, falling 0.25% against the US dollar and was trading below US$1.14, at US$1.139.
The US and China are trying today in London, for the second consecutive day, to reduce trade tensions, despite the truce that both countries reached last month after their bilateral meeting in Geneva.
In Asia, the main index of the Tokyo Stock Market, the Nikkei, rose 0.32% today, driven by companies in the technology sector and in anticipation of the outcome of negotiations between Washington and Beijing, while the Hang Seng, a few minutes before closing, was down 0.28%.
Wall Street closed lower on Monday, with the Dow Jones ending almost flat after the United States and China sat down at the negotiating table to try to reduce trade tensions. The Dow Jones Industrials fell one point and the Nasdaq rose 0.31%.
As for oil, the price of Brent, the benchmark in Europe, rose 0.19% to US$67.17 per barrel, while Texas intermediate oil (WTI) advanced 0.12% to US$65.38 before the official market opening, driven by the weakness of the US dollar against other currencies.
Gold fell 0.27% and the price per ounce stood at US$3,345.
Bitcoin rose 0.66% to US$109,495.
In the debt market, the interest rate on 10-year German bonds fell to 2.544%.
PD/AYLS // AYLS
Lusa
