Lisbon, Jan. 28, 2026 (Lusa) - The Lisbon stock market has reversed its opening trend on Wednesday morning and is trading lower, with Teixeira Duarte shares falling 2.22% to €0.49 and Galp shares rising 2.92% to €16.38.
At around 9:35 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) had reversed its opening trend and was down by 0.06% to 8,649.41 points, with 11 stocks falling, four rising and one maintaining its price (Ibersol at €10.7), after closing at a new high since January 2010 of 8,654.25 points on Tuesday.
Teixeira Duarte shares were followed by Mota-Engil, REN and BCP, which were down by 0.81% to €4.40, 0.74% to €3.35 and 0.59% to €0.92, respectively.
Following the same trend, Altri, EDP Renováveis and Jerónimo Martins shares were down by 0.56% to €4.44, 0.54% to €12.88 and 0.29% to €20.34.
Semapa, Corticeira Amorim and EDP shares were off by 0.23% to €21.80, 0.15% to €6.74 and 0.14% to €4.32.
Navigator shares fell 0.12% to €3.44.
In the opposite direction, Galp shares were followed by CTT, Sonae and NOS, which were on the rise by 1.02% to €6.92, 0.34% to €1.77 and 0.23% to €4.34.
The main European stock markets opened lower today, pending statements from US Federal Reserve (Fed) Chairman Jerome Powell, after the institution's expected decision to maintain key interest rates in the range of 3.50% to 3.75%.
At the opening of the market, the euro fell 0.49% below the US$1.20 mark it had reached, and gold rose 3.97%, reaching a new all-time high.
The price of gold, historically considered a safe haven asset in times of uncertainty, was rising today, with an ounce trading at US$5,285.48, a new all-time high.
The price of silver was also rising, to US$114.011, also a new all-time high.
Wall Street futures are up 0.96% for the Nasdaq on a day when, in addition to the Fed, interest is focused on the presentation of results from three major US technology companies: Microsoft, Meta and Tesla, while the Dow Jones is up 0.10%.
The market is paying particular attention to Powell's press conference after the Fed meeting, at which the market takes it for granted that rates will be kept unchanged, although it is considered unlikely that the Fed chairman will refer to the latest interference by US President Donald Trump, which could call into question the independence of the institution.
Powell's speech is particularly relevant today because, depending on what he says, it could serve to halt the weakness of the US dollar.
In the commodities market, Brent, the benchmark crude oil in Europe, for March delivery, is up 0.18% to US$67.65, compared to US$67.57 in the previous session, while West Texas Intermediate (WTI), the benchmark in the US, is up 0.06% to US$62.43.
The euro is weaker in today's trading, falling to US$1.1971 on the Frankfurt foreign exchange market, compared to US$1.1980 on Tuesday, a new high since June 2021.
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