Around 10:10 am in Lisbon, the PSI remained at the opening trend, declining 0.80% to 7,717.52 points, with nine stocks falling, five rising, and one maintaining its rate (Ibersol at 9.52 euros).
Following EDP Renováveis, the shares of EDP, Galp, and Semapa fell by 1.06% to 3.65 euros, 0.88% to 16.43 euros, and 0.77% to 18.10 euros, respectively.
More moderately, shares of Sonae, Altri, and Navigator fell by 0.62% to 1.28 euros, 0.38% to 5.19 euros, and 0.36% to 3.32 euros.
Shares of Jerónimo Martins and BCP also dropped, specifically by 0.29% to 20.90 euros and 0.03% to 0.76 euros.
Conversely, shares of NOS, REN, and Mota-Engil advanced by 0.53% to 3.76 euros, 0.51% to 2.96 euros, and 0.29% to 5.24 euros.
Shares of CTT and Corticeira Amorim appreciated by 0.26% to 7.62 euros and 0.13% to 7.70 euros.
Leading European stock exchanges opened today in decline, in a week marked by inflation data in Europe and the US, the end of the US-China trade truce, and progress in ceasefire negotiations in Ukraine.
This week, investors will closely watch inflation data in Europe and the United States, with Italy’s CPI being the only one released today.
Similarly, the ZEW economic sentiment indices in Germany and the eurozone, along with the UK’s second-quarter GDP growth, will be reported.
On the geopolitical front, focus will be on the progress of ceasefire talks in Ukraine, with the meeting between US President Donald Trump and Russian counterpart Vladimir Putin scheduled for Friday in Alaska, USA.
Moreover, as explained by Renta 4 Banco, markets are “waiting to see how negotiations with China, whose trade truce ends on August 12, evolve.”
“In recent hours, we’ve learned that AMD and Nvidia will pay the US 15% of revenue from ‘chip’ sales in China,” added Renta 4 Banco.
Wall Street ended the week with gains, despite the new tariffs from Trump coming into effect.
Brent crude, the European benchmark, for October delivery, is down to $66.07, compared to $66.59 on Friday.
Gold per troy ounce, a safe-haven asset, fell to $3,361.50, from $3,397.75 on Friday, and its current all-time high of $3,432.34 on June 13.
The euro rose to $1.1649 in the Frankfurt currency market, compared to $1.1641 on Friday and a new high since September 15, 2021, of $1.1789 on July 2.
