Lisbon, July 14, 2025 (Lusa) - The Lisbon stock market maintained its opening trend on Monday and traded lower, with CTT and Mota-Engil shares falling 1.51% to €7.82 and 1.43% to €4.14, respectively.
Around 9:30 a.m. in Lisbon, the PSI maintained its opening trend and fell 0.29% to 7,705.15 points, with 12 stocks down, one up (EDP, +0.21% to €3.91) and two unchanged (Ibersol at €10 and REN at €3.08).
NOS, Jerónimo Martins and Altri followed CTT and Mota-Engil, falling 0.65% to €3.8, 0.62% to €22.267 and 0.51% to €4.91.
More moderately, Corticeira Amorim, BCP and Navigator shares fell 0.50% to €7.94, 0.49% to €0.66 and 0.42% to €3.28. Shares in EDP Renováveis, Galp and Sonae also fell, namely 0.39% to €10.17, 0.27% to €16.41 and 0.16% to €1.26. Semapa shares fell 0.12% to €17.28.
The main European stock markets opened lower today after European Commission (EC) President Ursula von der Leyen announced on Sunday the postponement until August of countermeasures to Trump’s tariffs on European steel and aluminium imports.
In a session that featured focused macroeconomic references in both the United States and Europe, the stock markets are digesting US President Donald Trump’s announcement on Saturday of 30% tariffs on products from the European Union and Mexico.
EC President Ursula von der Leyen reacted by postponing countermeasures to Trump’s tariffs until August.
Today, EU trade ministers are meeting in an extraordinary Council to coordinate their response.
The expectation that negotiations will lead Trump to moderate the 30% tariffs announced to 10% for all products (except steel, aluminium and cars, which would remain at 25%) could limit the falls, according to analysts at Renta that Efe quoted.
The value of trade between China and the rest of the world, denominated in yuan, rose 5.2% in June in annual terms, almost double the pace of the previous month (2.7%), when the trade war with the United States impacted results.
Wall Street futures fell about 0.60% on all three indexes. Wall Street closed lower on Friday.
Meanwhile, bitcoin reached a new all-time high today at 6:26 a.m. in Lisbon of $123,000 in what people call cryptocurrency week, when leaders of the U.S. House of Representatives will debate several bills related to cryptocurrencies.
Brent, the benchmark crude oil in Europe, for September delivery, is rising to $70.75, compared to $70.36 on Friday.
Gold per troy ounce, a safe-haven asset, was rising to $3,370.67, up from $3,354.54 on Friday and the current all-time high of $3,432.34 on 13 June.
The interest rate on 10-year German bonds rose to 2.726%, compared with 2.723%. The euro fell to $1.1676 on the Frankfurt currency market, compared to $1.1689 on Friday and a new high since 15 September 2021 of €1.1789 on 2 July.
MC/ADB // ADB.
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