Around 09:40 in Lisbon, the PSI maintained the opening trend, advancing 0.22% to 7,761.48 points, with six stocks rising, seven falling, and two unchanged (CTT at 7.76 euros and NOS at 3.77 euros).
Following Galp’s shares, Ibersol, BCP, and EDP Renováveis saw increases of 0.62% to 9.66 euros, 0.52% to 0.77 euros, and 0.51% to 9.77 euros, respectively.
More moderately, shares of Mota-Engil and Sonae advanced 0.38% to 5.26 euros and 0.31% to 1.29 euros.
Conversely, shares of Semapa, REN, and Altri fell, specifically 0.45% to 17.82 euros, 0.34% to 2.95 euros, and 0.20% to 5.11 euros.
Shares of Corticeira Amorim, Jerónimo Martins, and EDP declined 0.13% to 7.61 euros, 0.10% to 20.70 euros, and 0.08% to 3.69 euros.
Navigator’s shares dropped 0.06% to 3.29 euros.
Main European stock exchanges opened today with widespread gains, driven by the extension of the tariff truce between the United States and China, which postpones the implementation of tariffs by another 90 days.
The news of the tariff extension “had little market impact, which already seemed to have anticipated the measure, although the yield on 30-year Chinese bonds reached four-month highs,” a Renta 4 Banco source stated, cited by Efe.
Main Asian markets, however, traded with gains after the new tariff truce, with Tokyo advancing 2.15%, Shanghai 0.5%, and Hong Kong appreciating 0.27%.
Meanwhile, investors remain attentive to the U.S. inflation data for July, to be released today, which may provide clues about new measures from the American Federal Reserve (Fed), still under pressure from the White House to lower interest rates.
In Europe, the ZEW investor confidence index in Germany will be released today.
Wall Street’s stock exchange closed down on Monday.
Brent crude, Europe’s benchmark, for October delivery, is advancing to 66.81 dollars, against 66.63 dollars on Monday.
The euro advanced to 1.1612 dollars in Frankfurt’s foreign exchange market, against 1.1608 dollars on Monday, marking a new high since September 15, 2021, of 1.1789 dollars, on July 2.
