Lisbon, June 26, 2025 (Lusa) - The Lisbon stock market was trading higher on Thursday morning, with CTT shares leading the gains and rising 1.80% to €7.36.
At around 9:40 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Index) was holding on to its opening trend and rising 0.50% to 7,431.83 points, with 11 stocks rising, two falling and two maintaining their prices (Jerónimo Martins at €20.96 and Galp at €15.35).
CTT shares were followed by Mota-Engil, REN and NOS, which were up 1.30% to €3.73, 1.16% to €3.05 and 0.93% to €3.80.
More moderately, Semapa, EDP Renováveis and Navigator shares were rising 0.86% to €16.46, 0.82% to €9.79 and 0.68% to €3.27.
Corticeira Amorim and Altri shares were up 0.64% to €7.90 and 0.51% to €4.90, as were EDP and BCP, namely 0.46% to €3.70 and 0.28% to €0.65.
In the opposite direction, Ibersol and Sonae shares were falling 0.42% to €9.38 and 0.17% to €1.19.
The main European stock markets opened higher today against a backdrop of a weak US dollar, with the euro rising to over US$1.17, amid the possibility of further rate cuts by the US Federal Reserve (Fed).
The euro rose to US$1.1697 on the Frankfurt currency market, a new high since September 29, 2021, against US$1.1631 on Wednesday.
The single currency had already begun to appreciate strongly on Tuesday after Federal Reserve (Fed) Chairman Jerome Powell said there was no rush to lower interest rates until there was more clarity on the economic consequences of US President Donald Trump’s tariffs.
Trump also said in recent hours that he has “three or four” candidates in mind to succeed Powell as Fed chairman, whom he has criticised on several occasions since returning to the White House in January.
The Spanish stock market is watching closely the threat made on Wednesday by Trump to Madrid, according to which he will make the country “pay double” the tariffs in view of its refusal to invest 5% of its Gross Domestic Product (GDP) in defence, as agreed by NATO.
On the other hand, French public debt increased during the first quarter by €40.5 billion and on March 31, 2024 totalled €3.3458 trillion, 114% of GDP and eight-tenths of a percentage point more than at the end of 2024.
Wall Street futures were posting gains of 0.36% for the Nasdaq, 0.2% for the S&P 500 and 0.26% for the Dow Jones Industrials.
The stock market on Wall Street closed mixed on Wednesday.
Among the highlights of the session today, Germany will release its Gfk consumer confidence index, while the US will publish its quarterly GDP and initial jobless claims.
Brent crude oil, the benchmark in Europe, for August delivery, is rising to US$67.68, compared to US$67.14 on Wednesday.
Gold per troy ounce, a safe-haven asset, was also rising to US$ 3,343.85, compared with US$ 3,334.86 on Wednesday and US$ 3,432.34 on June 13, a new all-time high.
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