Lisbon, June 13, 2025 (Lusa) - The Lisbon stock market accentuated the opening trend and traded lower on Friday morning, with Galp Energia shares rising and CTT recording the most notable losses.
At 9:35 a.m. in Lisbon, the PSI index fell 0.86% to 7,462.32 points, with CTT shares losing 2.56% to €7.24.
Also down, losing more than 1%, were EDP Renováveis, Sonae, Ibersol, Corticeira Amorim and Mota-Engil adjusted by 1.34%, 1.33%, 1.29%, 1.27% and 1.15%, respectively, reaching €9.60, €1.19, €9.92, €7.80 and €4.13.
Jerónimo Martins rose 0.93% to €21.38, REN rose 0.66% to €3.01, NOS rose 0.65% to €3.85, BCP rose 0.63% to €0.67, Navigator rose 0.60% to €3.31, Altri (-0.58% to €5.16), EDP (-0.47% to €3.61) and Semapa (-0.37% to €16.12).
The only stock in the green was Galp Energia, which gained 0.67% to €15.80.
The main European stock markets began today’s session with falls of more than 1%, following Israel’s attack on Iranian nuclear facilities, which has promised retaliation, causing sharp increases in oil prices.
At around 9 a.m. in Lisbon, the EuroStoxx 600 was down 0.73% to 545.83 points. The London, Paris and Frankfurt stock exchanges saw gains of 0.55%, 0.70% and 1.05%, respectively, while those in Madrid and Milan recorded gains of 1.39% and 1.36%.
The euro, after trading above $1.16 on Thursday, fell 0.40% today to $1.154.
Investors will be watching closely during this session to see whether, after Israel’s attack on Iran’s nuclear and ballistic facilities, the meeting scheduled for Sunday between the US and Iran on the Iranian nuclear programme will go ahead.
The strong geopolitical tension led to oil prices rising by more than 5%.
Brent, the European benchmark, rose 5.09% to $72.89 per barrel, while West Texas Intermediate, the US benchmark, rose 5.22% to $71.59.
Gold, a safe haven asset in times of uncertainty, rose 0.97%, with the price per ounce at $3,418.1.
In Asia, the Nikkei, the main indicator of the Tokyo Stock Exchange, fell 0.89% today in response to the escalating conflict between Israel and Iran. In comparison, the Shanghai Stock Exchange benchmark index lost 0.75% and the Shenzhen index fell 1.1%. The Hang Seng was down 0.81% a few minutes before closing.
Wall Street closed higher on Thursday, as better-than-expected inflation data and quarterly results from technology company Oracle, which jumped 13%, boosted the market.
The Dow Jones Industrials rose 0.24%, the selective S&P 500 advanced 0.38%, and the technology-heavy Nasdaq gained 0.24%.
In the debt market, the interest rate on 10-year German bonds fell to 2.468%.
Bitcoin, the best-known and most widely used cryptocurrency on the market, fell 1.13% to $104,816.
At the macro level, today’s highlight will be the preliminary consumer confidence inquiry from the University of Michigan in the US, which may improve due to recent advances in trade negotiations with China, mainly.
In Europe, authorities revised Spain’s May inflation data to 2%, one-tenth above the figure released two weeks ago and two-tenths below April’s figure, while food inflation rose five-tenths to 2.5%. In France, the year-on-year CPI fell one-tenth in May to 0.7%.
PD/ADB // ADB.
Lusa
