At 09:30 in Lisbon, the PSI index continued its opening trend, falling by 0.39% to 7,344.08 points. NOS, Corticeira Amorim, and Ibersol stocks remained unchanged at 3.84 euros, 7.83 euros, and 9.48 euros, respectively.
Mota-Engil experienced the largest decline, losing 4.92% to 4.48 euros, despite reporting that attributable earnings for the group reached 27 million euros in the first quarter, a year-over-year increase of 37%.
According to a trading update, Mota-Engil achieved a turnover of 1,365 million euros, growing 1% year-over-year, and an EBITDA of 215 million euros, up by 10% from the first quarter of 2024.
The group described this as “the best performance ever in a first quarter.”
Sonae SGPS, EDP Renováveis, REN, and Semapa shares also declined, but by less than 1%, retreating by 0.79% to 1.25 euros, 0.75% to 8.65 euros, 0.68% to 2.90 euros, and 0.56% to 17.90 euros, respectively.
Further declines were seen in EDP (-0.46% to 3.49 euros), Navigator (-0.45% to 3.51 euros), Altri (-0.18% to 5.49 euros) and BCP (-0.36% to 0.67 euros).
The only stocks advancing at 09:30 were Jerónimo Martins, CTT, and Galp Energia, which gained 0.45%, 0.14%, and 0.04%, to 22.20 euros, 7.37 euros, and 13.70 euros, respectively.
European stocks opened slightly higher today, with the session anticipating Wall Street’s opening, which was closed on Monday for a holiday, as well as the deadline for ongoing trade agreement negotiations between the US and EU.
At 08:45 in Lisbon, the EuroStoxx 600 increased by 0.23% to 551.75 points.
Paris and Frankfurt stocks rose by 0.17% and 0.23%, respectively, while those in Madrid and Milan appreciated by 0.05% and 0.33%.
London, trading again after being closed on Monday for the Spring Festival, rose by 0.59%.
The euro decreased by 0.17%, to 1.1369 dollars.
In Asia, Tokyo’s Nikkei index closed up by 0.58%, while Shanghai’s benchmark index fell by 0.18%, and Shenzhen dropped by 0.61%.
Wall Street futures rose over 1%, with the Nasdaq up by 1.40%, the S&P 500 gaining 1.20%, and the Dow Jones Industrials increasing by 1.02%.
Commodities showed a sharp decline in gold by 1.83% to 3,332 dollars per ounce.
Oil remained largely stable, with Brent, the European benchmark, up by 0.02% at 64.14 dollars per barrel, while the US benchmark, West Texas Intermediate (WTI), decreased by 0.05% to 61.50 dollars before the official market opening.
In the debt market, the yield on the 10-year German bond fell to 2.5230%.
Bitcoin declined by 0.45% to 109,120.8 dollars.
