Lisbon, July 4, 2025 (Lusa) - The Lisbon stock market was trading lower, in line with the main European stock markets, with Mota Engil shares leading the losses, falling 1.27% to €3.88.
At around 8:50 a.m. in Lisbon, the PSI maintained its opening trend and fell 0.10% to 7,747.00 points, with 10 stocks down, three up and two unchanged (EDP Renováveis at €10.32 per share and NOS at €3.90).
Mota Engil shares were followed by Semapa, Corticeira Amorim, Altri and Galp, which fell 0.69% to €17.24, 0.61% to €8.13, 0.60% to €4.99 and 0.43% to €16.10.
Similarly, Navigator shares lost 0.36% to €3.29, Jerónimo Martins 0.17% to €22.94, CTT 0.13% to €7.56, BCP 0.09% to €0.67, and EDP fell 0.05% to €3.81.
On the other hand, Ibersol shares rose 0.41% to €9.8o, REN shares advanced 0.33% to €3.07, and Sonae shares gained 0.31% to €1.28 per share.
The main European stock markets opened lower today, in a session without reference to Wall Street, which was closed for Independence Day. However, the US President, who announced the sending of letters with new trade tariffs, is pending.
The euro rose 0.21% against the dollar, trading at $1.178.
Asian stock markets closed Friday's session with mixed results: while the Nikkei in Tokyo closed with a slight rise of 0.09%, the Shanghai Stock Exchange benchmark index gained 0.32%, the Shenzhen Stock Exchange lost 0.25% and the Hang Seng on the Hong Kong Stock Exchange fell 0.78% a few minutes before closing.
The market's attention is once again focused on trade, following the statement by US President Donald Trump that, from today until next Wednesday, 9 July, he will send letters to trading partners unilaterally setting tariffs to be levied from 1 August, which will vary between 10% and 70%.
Trump is therefore pushing for agreements before next Wednesday's deadline, when the 90-day ‘truce’ expires, during which the tariff was limited to 10%.
So far, the US has only reached agreements with the United Kingdom and Vietnam, in addition to a truce with China until 12 August, following advanced negotiations with Japan, India, South Korea and the European Union.
Trump is also expected to sign his tax and budget plan on Friday, which aims to boost the country's economy but was approved by a narrow margin in the House of Representatives, exposing differences between Republicans.
Wall Street closed in positive territory on Thursday, with record highs for the S&P 500 and Nasdaq, after the release of better-than-expected June unemployment data in the US, in a shorter session ahead of today's holiday.
Gold rose 0.27% to $3,351 per ounce, while Brent crude, the European benchmark, rose 0.45% to $68.49, and West Texas Intermediate (WTI), the US benchmark, fell 0.28% to $66.81.
MPE/ADB // ADB.
Lusa
