Lisbon, July 8, 2025 (Lusa) - The Lisbon stock market remains in positive territory, maintaining the opening trend, with Galp Energia driving the PSI benchmark index.
At 9 a.m. in Lisbon, the PSI was up 0.12% to 7,742.52 points, with seven of the 15 listed companies trading in the green and the remaining companies showing negative movement.
Leading the gains is Galp Energia, up 1.28% to €16.19, followed by Ibersol, up 0.41% to €9.82, and REN, up 0.32% to €3.11.
On Monday, Galp announced that its refining margin fell 20% to $6.10 per barrel of oil in the second quarter of this year compared to the same period last year.
However, compared to the previous quarter, this indicator, which measures the difference between the purchase cost of oil and the sale price of refined products such as petrol and diesel, rose 10%, according to operating data for April to June published by the Portuguese Securities Market Commission (CMVM).
Among the falls, EDP Renováveis stands out, falling 1.27% to €10.08, as well as NOS, which is down 0.64% to €3.86, and Altri, which is losing 0.41% to €4.91.
The main European stock markets also continued to rise, in a session marked by considerable volatility, with the European benchmark index Euro Stoxx 50 rising 0.08%, after fluctuating between positive and negative territory.
The markets were reacting to the extension of the deadline set by the US for the imposition of new tariffs until August 1, while the country has already begun sending letters with new tariffs to some partners, such as Japan and South Korea, with rates it imposed unilaterally.
South Korea said today that it interprets the letter that Washington sent, announcing the imposition of “reciprocal” tariffs of 25% from 1 August, as a tacit extension of the negotiation period, and it has called an emergency meeting to outline its response strategy.
In Asia, the Nikkei index on the Tokyo Stock Exchange closed up 0.36%, while the benchmark index on the Shanghai Stock Exchange gained 0.70%. The Shenzhen Stock Exchange advanced 1.47%, and the Hang Seng Index on the Hong Kong Stock Exchange rose 0.90% minutes before closing.
Wall Street closed in the red on Monday, with the Dow Jones index falling more than 400 points after US President Donald Trump announced new tariffs on imports from several countries, ranging from 25% to 40%.
Futures today show slight gains: 0.29% for the Nasdaq, 0.13% for the S&P 500 and 0.01% for the Dow Jones Industrial Average.
Concerning raw materials, gold responded to the new tariff truce by remaining stable, trading at $3,343 per ounce, while oil fell.
Brent fell 0.47% to $69.25 per barrel, while West Texas Intermediate (WTI) fell 0.59% to $67.53 before the official market opening.
MES/ADB // ADB.
Lusa
