Lisbon, Aug. 13, 2025 (Lusa) - The Lisbon stock market was trading higher on Wednesday morning, with Mota-Engil shares leading the gains and rising 1.50% to €5.43.

At around 9 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) was maintaining its opening trend and rising 0.40% to 7,786.87 points, with 10 stocks rising, three falling and two maintaining their prices (Altri at €5.08 and Corticeira Amorim at €7.60).

Mota-Engil shares were followed by CTT, EDP Renováveis and EDP, which were up 0.89% to €7.90, 0.77% to €9.81 and 0.66% to €3.69.

More moderately, Sonae, NOS and REN shares were rising 0.62% to €1.29, 0.53% to €3.79 and 0.51% to €2.97.

Shares in Jerónimo Martins, Navigator and BCP were up 0.39% to €20.78, 0.37% to €3.27 and 0.31% to €0.77.

Going the other way, shares in Ibersol, Galp and Semapa were falling, by 0.63% to €9.50, 0.54% to €16.46 and 0.22% to €17.74.

The main European stock markets opened today with widespread gains, buoyed by good inflation data in Germany and Spain in July, which added to the US CPI released on Tuesday.

German inflation remained at 2% in July, unchanged from the previous month, while Spain's CPI remained at 2.3%, unchanged from June.

According to Renta 4 Banco, quoted by Efe, the US market once again reached new historic highs after the announcement of July's inflation figures and "it is almost certain that the US Federal Reserve (Fed) will lower interest rates by 25 basis points at its next meeting in September".

Following the rises on the US stock market, in Asia, the Tokyo stock market rose 1.3% to a new high of over 43,000 points, buoyed by the tariff truce between the US and China and new expectations of interest rate cuts in the US.

Brent crude oil, the European benchmark, for October delivery is falling to US$66.10, compared to US$66.12 on Tuesday.

The euro is stronger, advancing to US$1.1709 on the Frankfurt currency market, against US$1.1680 on Tuesday and the new high since 15 September 2021, of US$1.1789, on 2 July.

MC/AYLS // AYLS

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