At around 09:40 in Lisbon, the PSI, which has consisted of 16 companies since September 22, maintained its opening trend and rose by 0.25% to 8,190.55 points, with 10 stocks rising, four falling, and two remaining constant (Jerónimo Martins at 20.70 euros and REN at 3.77 euros).
The PSI concluded on October 9 at 8,229.95 points, marking a new high since April 2010.
Following Teixeira Duarte’s arrival in the PSI on September 22, the shares of BCP, EDP, and EDP Renováveis recorded increases of 0.89% to 0.75 euros, 0.73% to 4.25 euros, and 0.71% to 12.79 euros, respectively.
Additionally, shares of Corticeira Amorim, Altri, and Navigator rose by 0.56% to 7.21 euros, 0.50% to 5.01 euros, and 0.26% to 3.13 euros, respectively.
More modestly, shares of Galp, Sonae, and NOS appreciated by 0.19% to 16.20 euros, 0.15% to 1.37 euros, and 0.13% to 3.77 euros, respectively.
Conversely, shares of CTT, Ibersol, and Semapa fell by 1.13% to 7.02 euros, 0.50% to 10.05 euros, and 0.32% to 18.66 euros, respectively.
Additionally, shares of Mota-Engil decreased by 0.09% to 5.69 euros.
Major European markets opened higher today amid rising tensions between the US and China, following President Trump’s accusations on Friday evening that China was engaging in “hostile” behavior by controlling rare earth resources.
European markets experienced significant declines last Friday after Trump threatened on his social media network, TruthSocial, to impose an additional 100% tariff on Chinese goods starting November 1, which also led to a sharp drop in cryptocurrencies.
Markets, however, softened their reaction today after Trump moderated his tone on Sunday, stating that his country “wants to help China, not harm it” following China’s Ministry of Commerce accusing Washington of derailing trade talks between the two nations.
In France, new Prime Minister Sébastien Lecornu faces the challenging task of assembling a government team to present the 2026 Budget as quickly as possible, amid reluctance from the parties that recently supported French President Emmanuel Macron.
Markets are without the Tokyo Stock Exchange reference today, which remained closed due to the National Sports Day holiday, while the benchmark index of the Shanghai stock market fell by 0.19%, Shenzhen’s lost 0.93%, and the Hang Seng index from the Hong Kong stock market was down 2.01% shortly before the end of the session.
After ending sharply lower on Friday, futures in the Wall Street stock market are gaining, with the Nasdaq up by 2.19% and the Dow Jones by 1.19%.
In commodities, gold is up 2.34% and has reached new historical highs, approaching the 4,100 dollar mark.
Gold, historically considered a safe haven asset in times of uncertainty, was rising today with an ounce trading at 4,075.22 dollars, marking a new all-time high.
Meanwhile, oil is recovering from Friday’s declines, with Brent crude, the European benchmark for December delivery, rising by 1.55% to 63.66 dollars, compared to 62.73 dollars on Friday.
The Organization of the Petroleum Exporting Countries (OPEC) updates its monthly report today on the outlook for global crude oil supply and demand in 2025 and 2026, at a time when geopolitical tensions in the Middle East are beginning to ease.
Copper prices also show a notable increase of 2.66% and have surpassed previous historic highs, reaching 5,018 dollars.
The euro fell to 1.1610 dollars on the Frankfurt foreign exchange market, down from 1.1519 dollars on Friday and the new four-year high of 1.1865 dollars recorded on September 16.
