Lisbon, July 7, 2025 (Lusa) - The Lisbon stock market traded with a slight rise of 0.01%, in line with some of the main European stock markets, with CTT shares leading the gains, up 2.66% to €7.71 per share.
At around 9 a.m. in Lisbon, the PSI maintained its opening trend and advanced 0.01%, very close to flat, to 7,777.71 points, with seven stocks rising, six falling and Corticeira Amorim and NOS stable at €8.15 and €3.90 per share, respectively.
Investors followed CTT shares with Mota Engil, BCP, Ibersol and Jerónimo Martins, which gained 1.18% to €3.95, 1.11% to €0.66 and 0.82% to €9.75.
Similarly, Sonae and Semapa shares rose 0.31% to €1.28 and 0.12% to €17.20.
Galp, EDP Renováveis and EDP shares posted smaller gains of 0.90% to €15.91, 0.86% to €10.40 and 0.36% to €3.84.
Shares in Altri, Navigator and REN also declined by 0.30% to €4.97, by 0.24% to €3.27 and by 0.16% to €3.09.
The main European stock markets opened today with trading almost stable and mixed, in line with Friday’s close, in a crucial week for countries to reach various trade agreements with the US.
The United States (US) has begun sending letters to countries that have not yet signed trade agreements to notify them of the tariffs it will impose from 1 August.
This comes after months of pressure and adjustments that resulted in agreements with the United Kingdom, Vietnam and China.
Meanwhile, the European Union (EU), Japan, South Korea and India are trying to speed up their negotiations.
On Sunday, US Treasury Secretary Scott Bessent announced that the letters sent by his government to various countries give them until 1 August to finalise their trade agreements, and that the tariffs announced on 2 April will take effect on that date unless the agreements are completed.
US President Donald Trump warned on Sunday that he could impose an additional 10 percent tariff on countries that align themselves with the BRICS (Brazil, Russia, India, China, South Africa, Iran, Saudi Arabia, Egypt, Ethiopia and the United Arab Emirates), whose leaders are meeting in Rio de Janeiro, Brazil.
Specifically, the leaders of the BRICS group, led by China and Russia, are holding the second day of their summit in Rio de Janeiro, Brazil, with the other partners of the forum, amid a dynamic international scenario characterized by the escalation of the conflict in the Middle East, US government tariffs and the evolution of multilateralism.
Also on today’s agenda are the publication of the Sentix survey of eurozone investor confidence for July, as well as monthly retail sales for May and the monthly industrial production index in Germany.
In Asia, the Nikkei index on the Tokyo Stock Exchange closed with a 0.56% decline, while the benchmark index on the Shanghai Stock Exchange rose 0.02% and the Shenzhen Stock Exchange slipped 0.7%. Meanwhile, the Hang Seng on the Hong Kong Stock Exchange, a few minutes before closing, dipped 0.41%.
Wall Street returns to trading today after officials closed the market on Friday for Independence Day and after trading for half a session on Thursday, with gains of around 1% on all three indices.
At the moment, futures indicate potential adjustments of 0.55% for the Nasdaq, 0.51% for the S&P 500, and 0.34% for the Dow Jones Industrial Average.
As for commodities, both gold and oil have declined, with prices falling 0.84% to $3,318 per ounce and 0.25% to $68.13 per barrel of Brent crude, the European benchmark.
West Texas Intermediate (WTI), the US benchmark, also fell 0.17% to $66.39 before the official market opened.
MPE/ADB // ADB.
Lusa
