Lisbon, Aug. 4, 2025 (Lusa) - The Lisbon stock market was trading higher on Monday morning, with 14 of the 15 PSI stocks gaining value, led by Mota-Engil, which is up 3.78% to €4.61.
At around 9.25 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Index) was continuing its opening trend and advancing 0.94% to 7,698.19 points, with 14 stocks rising and one falling (EDP Renováveis, -0.39% to €10.30).
Mota-Engil shares were followed by CTT and Jerónimo Martins, which were up 2.46% to €7.49 and 2.24% to €21.00.
More moderately, REN, Ibersol and Navigator shares were rising 1.86% to €3.02, 1.48% to €9.60 and 1.42% to €3.14.
Shares in BCP, Altri and Galp were up 1.38% to €0.72, 1.14% to €4.86 and 0.89% to €16.49.
Similarly, shares in Corticeira Amorim, Semapa and Sonae were rising 0.64% to €7.85, 0.57% to €17.60 and 0.48% to €1.26.
Shares in NOS and EDP were also on the rise, namely 0.41% to €3.67 and 0.27% to €3.75.
The main European stock markets started the day with moderate gains, recovering from Friday's losses caused by US President Donald Trump's new tariff plan, which will come into force on 7 August.
Futures for the main market indicators on Wall Street point to a moderately optimistic opening after Friday's sharp falls, which were also influenced by a weak US employment report.
Schroders experts quoted by Efe commented that they had expected the employment report to show a solid labour market in the US, but the data "cast doubt on this". The experts add that this information could cause the US Federal Reserve (Fed) to reconsider its policy and even accelerate a cycle of monetary easing.
Despite the optimism in Europe, in Asia the Nikkei index in Tokyo fell more than 1%, while the Shanghai and Hong Kong (Hang Seng) markets posted gains.
Over the weekend, OPEC+ decided to increase oil supply by 547,000 barrels per day from 1 September.
Brent crude oil, the benchmark in Europe, for October delivery, is trading at US$69.91, up from US$69.67 on Friday.
The euro was weaker, falling to US$1.1562 on the Frankfurt currency market, compared with US$1.1587 on Friday and the new high since 15 September 2021 of US$1.1789 on 2 July.
MC/AYLS // AYLS
Lusa
