Lisbon, July 11, 2025 (Lusa) - The Lisbon stock market reversed the opening trend and traded slightly higher, with Jerónimo Martins shares rising 0.79% to €22.88 and BCP shares falling 0.90% to €0.66.
At around 9:25 a.m. in Lisbon, the PSI reversed the opening trend and rose 0.04% to 7,751.21 points, with 10 stocks rising and five falling.
Market participants observed REN, Sonae and Ibersol following Jerónimo Martins shares, rising 0.66% to €3.07, 0.63% to €1.27 and 0.62% to €9.80.
More moderately, Galp, EDP and Navigator shares rose 0.43% to €16.51, 0.32% to €3.81 and 0.31% to €3.29. Shares in EDP Renováveis, NOS and Mota-Engil also advanced, by 0.20% to €10.2, 0.13% to €3.85 and 0.05% to €4.25. In contrast, and following BCP shares, those that advanced the least were CTT, Semapa and Corticeira Amorim, which rose 0.62% to €7.96, 0.58% to €17.24 and 0.25% to €7.98, respectively.
Altri shares also declined by 0.10% to €4.91.
The main European stock markets opened today’s last session of the week in negative territory, after Thursday’s mixed close, with attention once again focused on US President Donald Trump’s tariffs, now on Canada.
In the United Kingdom, gross domestic product (GDP) contracted by 0.1% in May, mainly due to a decline in the industrial sector.
In Germany and France, authorities will release the June CPI today.
The falls in European markets come after Trump threatened this morning to impose a 35% tariff on Canada from 1 August and said he could consider an adjustment if the country helped him stop the flow of fentanyl into the US or removed its barriers.
The fentanyl crisis and the 400% tariffs that Canada imposed on American dairy products were the main factors behind the decision.
Meanwhile, European Union (EU) trade ministers will hold an extraordinary Council meeting on Monday, 14 July, to decide whether the EU’s trade policy will proceed. Wall Street closed on Thursday with the high-tech Nasdaq index reaching a new all-time high earlier in the day.Brent crude oil, the European benchmark, for September delivery is rising to $68.92, up from $65.64 on Thursday.
Gold per troy ounce, a safe-haven asset, was rising to $3,334.15, up from $3,315.19 on Thursday and the current all-time high of $3,432.34 on 13 June. The euro rose to €1.1692 on the Frankfurt currency market, compared to €1.1686 on Thursday and a new high since 15 September 2021 of €1.789 on 2 July.
MC/ADB // ADB.
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