Lisbon, July 10, 2025 (Lusa) - The Lisbon stock market was reversing its opening trend, heading slightly lower on Thursday morning, with REN shares falling 0.81% to €3.07 and Mota-Engil shares rising 0.81% to €4.24.
At around 9:45 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Index)was falling 0.05% to 7,787.68 points, with eight stocks rising, four falling and three remaining unchanged (Altri at €4.91, CTT at €8.11 and Jerónimo Martins at 22.76 euros).
REN shares were followed by BCP, Sonae and EDP Renováveis, which were down 0.35% to €0.67, 0.32% to €1.25 and 0.10% to €10.24.
More moderately, Semapa, Galp and Corticeira Amorim shares were falling 0.47% to €17.26, 0.42% to €16.59 and 0.38% to €7.99.
In contrast, and after Mota-Engil shares, those that were rising the most were Navigator, NOS and EDP, advancing 0.55% to €3.28, 0.52% to €3.86 and 0.50% to €3.85, respectively.
Ibersol shares were also rising, namely 0.21% to €9.74.
The main European stock markets opened mixed today, extending the gains of the previous session, hopeful that agreements will be reached between the US and the rest of the world, and after Trump threatened Brazil with 50% tariffs.
At around 09:25 in Lisbon, the EuroStoxx 600 was up 0.43% to 552.34 points.
Wall Street futures are down 0.30% on the Dow Jones Industrials, 0.28% on the S&P 500 and 0.27% on the Nasdaq, after closing in the green on Wednesday, driven by the rise of technology company Nvidia, which during the day became the first company to reach the four trillion dollar market capitalisation mark and ended up rising 0.95%.
Following Trump's letter to Brazil announcing a 50% tariff, Brazil responded by returning the letter to Trump, considering it ‘offensive’ and containing ‘falsehoods’.
Similarly, Trump said on Wednesday that during his first term he wanted to apply tariffs that he considers ‘reciprocal’, but refrained when he saw the ‘disaster’ caused by the Covid-19 pandemic in countries such as Italy and Spain, which he now threatens with 50% tariffs for being members of the European Union (EU).
Brent crude oil, the benchmark in Europe, for September delivery is rising to $70.26, compared to $70.19 on Wednesday.
Gold per troy ounce, a safe-haven asset, was rising to $3,323.07, compared to $3,311.92 on Wednesday and the current all-time high of $3,432.34 on 13 June.
German 10-year bond yields fell to 2.668%, compared with 2.671% in the previous session.
The euro was stronger, rising to $1.1729 on the Frankfurt currency market, compared to $1.1705 on Wednesday and a new high since 15 September 2021 of $1.789 on 2 July.
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