Lisbon, July 3, 2025 (Lusa) - The Lisbon stock exchange was trading higher on Thursday morning, in line with the main European stock exchanges, with Jerónimo Martins shares leading the gains, advancing 2.71% to €22.74.
At around 9:05 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Index) was holding on to its opening trend and advancing 1.02% to 7,710.59 points, with 14 stocks rising and only Semapa remaining unchanged at €17.14 per share.
Jerónimo Martins shares were followed by EDP Renováveis, Sonae, REN and Galp, which were gaining 1.30% to €10.13, 1.28% to €1.27, 0.66% to €3.06 and 0.59% to €16.08.
Similarly, EDP shares were rising 0.53% to €3.80, Navigator shares were up 0.42% to €3.32, Ibersol shares +0.41% to €9.78 and CTT and Altri shares both + 0.40% to €7.50 and €5.05.
Also advancing were NOS shares, up 0.38% to €3.92, Corticeira Amorim, up 0.25% to €8.08, Mota Engil, up 0.20% to €3.92 and BCP, up 0.03% to 0.66 euros.
The main European stock markets opened higher today, with the exception of Milan, awaiting the US President’s fiscal and budget plan, which includes tax cuts and public spending cuts and trade agreements following the one reached with Vietnam.
Markets are closely monitoring the approval of Donald Trump’s comprehensive fiscal and budget plan, which was interrupted last night due to opposition from some Republican members of Congress.
Investors are also awaiting developments in tariff policy after Vietnam, accused by the United States (US) of being a transhipment point for Chinese products to North America, became one of the first countries to reach a trade agreement with Trump.
The US lifted restrictions imposed at the end of May on sales of semiconductor design software to China, according to companies in the sector affected by the measure, which have already begun to restore access to their services to customers in that Asian country.
Wall Street closed mixed on Wednesday, with the S&P 500 gaining 0.47% due to the Vietnam agreement and the Dow Jones losing 0.02%, while futures posted slight gains across all three indicators.
The New York Stock Exchange will only open for half of today’s session due to the Independence Day holiday on Friday, during which the market will be closed.
In addition, Trump demanded that Federal Reserve Chairman Jerome Powell resign for taking too long to cut interest rates, and on Wednesday the summit of central bank leaders in the Portuguese town of Sintra ended, where European Central Bank (ECB) President Christine Lagarde called for “extreme vigilance” to achieve inflation targets.
In Asia, the Nikkei index on the Tokyo Stock Exchange closed down 0.16% today, the benchmark index on the Shanghai Stock Exchange gained 0.18% and the Shenzhen Stock Exchange rose 1.17%, while the Hang Seng on the Hong Kong Stock Exchange fell 0.81% a few minutes before closing.
As for raw materials, oil is down today, with Brent, the European benchmark, falling 0.72% to $68.57 per barrel, while West Texas Intermediate, the US benchmark, fell 0.79% to $66.93 before the official market opening.
Gold, a safe haven asset in times of uncertainty, rose 0.32% to $3,370 per ounce.
MPE/AYLS // AYLS
Lusa
