Lisbon, Sept. 10, 2025 (Lusa) - The Lisbon stock market was trading lower on Wednesday morning, in contrast to the main European markets, with Navigator shares leading the losses and falling 0.97% to €3.26.
At around 9.30 a.m. in Lisbon, the PSI reversed the opening trend and fell 0.23% to 7,668.96 points, with 10 shares falling, three rising, and two remaining unchanged (Altri at €4.97 and Semapa at €17.80).
Navigator's shares were followed by those of Sonae, Galp and CTT, which fell 0.78% to €1.28, 0.75% to €15.92 and 0.69% to €7.21.
More moderately, Jerónimo Martins, REN and Ibersol shares fell 0.65% to €21.56, 0.51% to €2.93 and 0.41% to €9.82.
NOS, Mota-Engil and BCP shares fell 0.26% to €3.88, 0.24% to €4.92 and 0.14% to €0.71.
On the other hand, shares in EDP Renováveis, EDP and Corticeira Amorim rose 0.51% to €9.95, 0.40% to €3.74 and 0.13% to €7.53.
The main European stock markets opened higher today, following Tuesday's trend, as investors remained confident in the interest rate cuts that the US Federal Reserve (Fed) is expected to announce next week.
On Tuesday, in the US, the annual review of employment data from March 2024 to March 2025 stood out, proving to be more negative than expected, while on the geopolitical front, attention centred on Israel's attack on Hamas leaders in Qatar, increasing fears of an upsurge in conflict in the Middle East.
In addition, the US President announced that he was prepared to impose secondary tariffs on China and India for continuing to buy Russian oil, provided that the European Union also does so, and as a way of pressurising Russia to end the war in Ukraine.
Wall Street futures, whose indices closed at all-time highs on Tuesday, are showing mixed behaviour today, with the Dow Jones down 0.13% and the Nasdaq up 0.31%.
In France, the risk premium has risen to 82 basis points, in anticipation that the immediate appointment of a new prime minister, Sébastien Lecornu, will enable positions to be brought closer together to approve the general state budget for 2026, which implies a significant reduction in the public deficit.
On the debt market, interest on France's 10-year bond rose to 3.470% from 3.468%, while Germany's fell to 2.642% from 2.658%.
On the commodities market, gold per troy ounce, a safe haven asset, continued to appreciate, rising to $3,645.58, a new all-time high, from $3,645.09 on Tuesday.
Brent, Europe's benchmark crude oil for November delivery, is advancing to $67.01, up from $66.39 on Tuesday.
The euro was weaker at $1.1694 on the Frankfurt exchange, down from $1.1719 on Tuesday and a new high since 15 September 2021, from $1.1789 on 2 July.
MC/ADB // ADB.
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