Lisbon, July 15, 2025 (Lusa) - The Lisbon stock market was holding on to its opening trend and trading higher on Tuesday morning, with EDP Renováveis shares leading the gains, rising 3.44% to €10.53.
At around 9:30 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Index) maintained its opening trend and was advancing 0.72% to 7,762.86 points, with eight stocks rising and seven falling.
EDP Renováveis shares were followed by EDP, Mota-Engil and Jerónimo Martins, which were rising 1.66% to €3.87, 1.54% to €4.23 and 0.89% to €22.58.
More moderately, shares in Ibersol, Navigator and BCP were up 0.60% to €10.00, 0.24% to €3.28 and 0.18% to €0.66.
Altri shares were up 0.10% to €4.95.
In contrast, CTT, Galp and REN shares were falling, namely 0.90% to €7.73, 0.34% to €16.24 and 0.32% to €3.09.
NOS and Sonae shares were down 0.26% to €3.78 and 0.16% to €1.25, as were Corticeira Amorim and Semapa, down 0.13% to €7.99 and 0.12% to €17.23.
The main European stock markets opened higher today, while the EU and the US remain open to dialogue to prevent Washington from imposing 30% tariffs on imports from Europe.
Meanwhile, Brussels continues to work on possible retaliation against the US if no agreement is reached by August, after US President Donald Trump also threatened Russia with 100% tariffs if there is no agreement on the war with Ukraine within the next 50 days.
European markets are awaiting the four-year government plan presented by French Prime Minister François Bayrou to restore public finances and contain the worrying increase in debt.
It was also announced that European Commission President Ursula von der Leyen and European Council President António Costa intend to visit Japan next week with the aim of sealing an alliance with Tokyo to extend cooperation in various areas, amid fears of a trade war, according to Japanese media reports today.
As for macroeconomic data from Asia today, China's gross domestic product (GDP) grew 1.1% in the second quarter compared to the previous quarter, according to official data released by the country's National Bureau of Statistics (NSO).
In anticipation of today's US inflation data for June, after prices in May accelerated to 2.4% year-on-year, one tenth above April's figure, Wall Street futures are advancing with gains of 0.06% for the Dow Jones Industrials, 0.30% for the S&P 500 and 0.48% for the Nasdaq, after the three indices ended with slight gains on Monday.
Meanwhile, oil prices were falling ahead of the monthly report on crude supply and demand due to be released today by the Organisation of Petroleum Exporting Countries (OPEC), amid uncertainty in international markets due to US tariff policy.
Brent crude oil, the European benchmark, for September delivery is down to US$68.68, compared to US$69.21 on Monday.
Gold per troy ounce, a safe-haven asset, was rising to US$3,360.54, compared to US$3,347.89 on Monday and the current all-time high of US$3,432.34 on 13 June.
The euro was stronger, rising to US$1.1677 on the Frankfurt currency market, compared to US$1.1662 on Monday and a new high since 15 September 2021 of US$1.1789 on 2 July.
MC/AYLS // AYLS
Lusa
