Lisbom, June 18, 2025 (Lusa) - The Lisbon stock market was trading lower, with CTT shares falling 1.78% to €7.18.
At around 9:25 a.m. in Lisbon, the PSI maintained its opening trend and fell 0.12% to 7,438.53 points, against 7,545.86 points on Monday, a new high since May 2014, with five stocks falling, eight rising and two maintaining their prices (Corticeira Amorim at €7.79 and NOS at €3.79).
CTT shares were followed by BCP and Altri, which fell 1.67% to €0.66 and 1.50% to €4.91. The other two stocks that fell were Mota-Engil and Ibersol, down 0.82% to €3.86 and 0.42% to €9.44. In contrast, REN, Jerónimo Martins and EDP shares rose 0.82% to €3.06, 0.66% to €21.32 and 0.63% to €3.65.
More moderately, Semapa, Navigator and Sonae shares rose 0.37% to €16.30, 0.36% to €3.30 and 0.34% to €1.17.
Shares in EDP Renováveis and Galp rose 0.10% to €9.59 and 0.03% to €15.91.
The main European stock markets opened higher today, once again anticipating that the US Federal Reserve (Fed) will keep interest rates between 4.25% and 4.5% and awaiting inflation figures for the euro zone.
At the opening of the market, European stock exchanges followed the performance of Asian markets ahead of the Fed meeting, whose decisions will be announced after European markets close.
During this session, investors will also learn about the decision of the Swedish National Bank (Riksbank) on interest rates, as well as the Central Bank of Brazil's decision on whether to change the basic interest rate, currently set at 14.75%. On Thursday, it will be the UK's turn.
Meanwhile, it has already been announced that the UK's year-on-year inflation rate slowed to 3.4% in May, down from 3.5% in April.
Markets will also be watching today for the impact of tariffs on inflation data in Europe and developments in the conflict between Israel and Iran, which caused oil prices to rise sharply on Tuesday and are falling today.
The Wall Street stock market closed in the red on Tuesday.
In commodities, gold prices fell, and oil prices rose.
Gold per troy ounce, a safe-haven asset, was down slightly to $3,382.39, compared with $3,382.94 on Tuesday and $3,432.34 on 13 June, a new all-time high.
Brent crude oil, the European benchmark, for August delivery is rising to $76.45, compared to $73.23 on Tuesday, supported by fears of a disruption in oil supplies from the Middle East due to the war between Israel and Iran.
The euro rose to $1.1517 on the Frankfurt currency market, compared with $1.1503 on Tuesday and $1.1584 on 18 June, a new high since 9 November 2021.
MC/ADB // ADB.
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