The Lisbon stock exchange was trading lower today, with shares of Jerónimo Martins falling 5.14% to 20.30 euros.
By 09:25 in Lisbon, the PSI maintained its downward opening trend, dropping 0.82% to 7,648.75 points, with 10 stocks declining, four rising, and one remaining unchanged (Semapa at 17.16 euros).
Jerónimo Martins announced today that its net profit increased by 6.6% in the first half compared to the same period last year, reaching 269 million euros.
Between January and June, sales for the owner of the Pingo Doce, Biedronka, and Ara brands rose 6.7% to 17.396 million euros (+6% at constant exchange rates), and earnings before taxes, interest, depreciation, and amortization (EBITDA) grew 10.3% to 1.148 million euros (+9% at constant exchange rates).
Following Jerónimo Martins, the stocks of Mota-Engil, EDP, and EDP Renováveis depreciated 1.38% to 4.43 euros, 0.77% to 3.76 euros, and 0.68% to 10.23 euros, respectively.
More moderately, shares of CTT, REN, and Galp also fell 0.68% to 7.35 euros, 0.50% to 2.96 euros, and 0.42% to 16.65 euros.
Shares in Navigator, Sonae, and Altri also declined, specifically by 0.26% to 3.09 euros, 0.16% to 1.26 euros, and 0.10% to 4.78 euros.
Conversely, Ibersol, BCP, and Corticeira Amorim shares increased by 0.43% to 9.40 euros, 0.42% to 0.72 euros, and 0.26% to 7.82 euros, respectively.
On Wednesday, BCP announced a profit of 502.3 million euros in the first half of the year, a 3.5% increase compared to the previous year.
NOS shares advanced 0.14% to 3.63 euros.
Major European stock exchanges opened lower today, reacting to the new trade tariffs announced by U.S. President Donald Trump. The application initially scheduled for today was postponed to August 7.
Trump issued two executive orders outlining the global tariff scenario shortly before the deadline he set for negotiating tariffs with trade partners.
One of these orders increases tariffs on Canada, while the other regulates tariffs for the rest of the world.
These measures benefit most countries by reducing some tariffs compared to those announced on April 2, when Trump initiated the trade war.
The tariff adjustment raised rates to over 30% in countries without existing agreements, such as Switzerland, Serbia, and Myanmar. In the U.S., Wall Street futures that closed lower yesterday continue to decline.
Beyond tariffs, investors are also focused on economic data: in the eurozone, the consumer price index (CPI) will be released, while in the U.S., the official July employment report will be published. In the UK, S&P Global will release the manufacturing PMI.
Brent crude oil, the European benchmark, for October delivery is falling to 71.66 dollars, down from 72.47 dollars on Thursday.
The euro advanced to 1.1428 dollars in the Frankfurt currency market, up from 1.1423 dollars on Thursday, reaching a new high since September 15, 2021, of 1.1789 dollars on July 2.
