Lisbon, Sept. 9, 2025 (Lusa) - The Lisbon stock market was trading lower on Tuesday morning, with shares in Mota-Engil and BCP leading the losses and falling 2.42% to €5.45 and 1.94% to €0.71, respectively.
At around 9.15 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) had reversed its opening trend and was falling 0.21% to 7,738.15 points, with 10 shares rising, four falling and one remaining unchanged (EDP Renováveis at €10.12).
On Monday, Mota-Engil led the risers with its shares rising 9.41% to €5.58.
On Friday, the company won the concession to build and operate the underwater tunnel between the Brazilian cities of Santos and Guarujá for 30 years, the first of its kind in Brazil and the most expensive infrastructure project of Lula da Silva's government.
The project involves an investment of 6.8 billion reais (around €1.073 billion), which the concessionaire will carry out in a public-private partnership with the Brazilian ministry of ports and airports and the regional government of the state of São Paulo.
Shares in Mota-Engil and BCP were followed by those in CTT and EDP, which were down 0.69% to €7.24 and 0.13% to €3.76.
In the opposite direction, Ibersol's shares were rising 1.02% to €9.88, as were those of Corticeira Amorim, Navigator and Semapa, which rose 0.93% to €7.60, 0.91% to €3.33 and 0.78% to €18 respectively.
Jerónimo Martins, Altri and Sonae shares were also up, namely 0.55% to €21.84, 0.50% to €5.02 and 0.47% to €1.29.
NOS, REN and Galp shares rose 0.26% to €3.90, 0.17% to €2.96 and 0.16% to €15.80.
The main European stock markets opened today with generalised gains, but were cautious due to the political crisis in France, after the motion of confidence culminated in the fall of the government of the French prime minister, François Bayrou.
After Bayrou formally resigns today, President Macron will appoint a prime minister to avoid calling new elections.
On the debt market, interest on France's 10-year bond rose to 3.477% from 3.408 %, as did Germany's, which advanced to 2.652% from 2.641%.
Wall Street futures point to slight rises, in line with Monday's close, the Dow Jones up 0.14% and the Nasdaq up 0.26%.
Thursday will be one of the most intense days on the economic calendar this week, as the ECB is expected to keep rates at 2.15%, but the market will be paying close attention to Christine Lagarde's statements and the official communiqué.
On that day, in the United States, the August CPI will be published, with the year-on-year forecast pointing to 2.9% and 3.1% in the underlying version.
In addition, data on unemployment benefits is expected, which will give a more complete picture of the health of the US labour market.
On the commodities market, gold per troy ounce, a safe haven asset, continued to appreciate, rising to US$3,645.04, a new all-time high, up from US$3,640.73 on Monday.
Brent, Europe's benchmark crude oil for November delivery, is advancing to US$66.56, up from US$66.02 on Monday.
The euro was stronger, advancing to US$1.1767 on the Frankfurt exchange market, up from US$1.1741 on Monday.
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