As of 09:45 in Lisbon, the PSI, which has comprised 16 companies since September 22, continued its opening trend, advancing 0.38% to 8,259.44 points, marking a new high since April 16, 2010, with nine stocks rising, six falling, and one remaining steady (NOS at 3.73 euros).
The shares of Teixeira Duarte were followed by those of EDP Renováveis, Ibersol, and Navigator, which increased by 1.86% to 13.15 euros, 0.99% to 10.20 euros, and 0.78% to 3.11 euros, respectively.
The stocks of BCP, Corticeira Amorim, and Semapa advanced by 0.66% to 0.76 euros, 0.42% to 7.12 euros, and 0.33% to 18.44 euros, respectively.
Other stocks that saw gains included REN and Altri, rising by 0.32% to 3.11 euros and 0.30% to 5.01 euros, respectively.
Conversely, CTT shares decreased by 0.28% to 7.06 euros, while EDP and Galp both fell by 0.25% to 4.32 euros and 15.96 euros, respectively.
The stocks of Jerónimo Martins, Mota-Engil, and Sonae also declined, specifically by 0.19% to 20.62 euros, 0.17% to 5.75 euros, and 0.15% to 1.37 euros, respectively.
The main European stock markets opened today higher, following a mixed close on Tuesday, overcoming trade tensions between the U.S. and China, after Asian markets ended on a positive note.
The Paris stock exchange recorded the highest increase at 1.10%, after the Socialist Party (PS) and the conservative Les Républicains (LR) halted pressure on Sébastien Lecornu’s government by announcing they would not support far-right and radical left no-confidence motions to be voted on Thursday.
Markets are monitoring the exchange of threats between China and the U.S., while the appearance on Tuesday of U.S. Federal Reserve (Fed) Chairman Jerome Powell may benefit the market with hopes that interest rates could be lowered in the next meeting, though he avoided providing clear hints in this regard.
Powell suggested that the Fed was close to ending its quantitative tightening program, known as reducing its portfolio of bonds and other instruments.
At this hour, Wall Street futures show gains of 0.28% for the Dow Jones and 0.58% for the Nasdaq.
The U.S. continues with results announcements today, following major American banks’ results on Tuesday: JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup, which recorded profits exceeding analysts’ expectations. Today, among others, ASML Holding will report its outcomes.
China’s inflation data was released today, showing a 0.3% decrease in September compared to the previous year, marking the second consecutive month of slowdown, exceeding analysts’ predictions.
In Spain, the National Statistics Institute (INE) revised upward by one-tenth the year-on-year inflation for September to 3%, three-tenths more than the previous month, due to a smaller decline in fuel and lubricant prices compared to a year ago.
The price of gold remains unstoppable, reaching new highs. The price of gold, historically seen as a safe haven asset in times of uncertainty, rose today, with an ounce trading at $4,200.99, marking a new all-time high.
Meanwhile, Brent crude, the benchmark in Europe for December delivery, decreased to $62.14, compared to $62.39 on Tuesday.
The euro advanced to $1.1638 in the Frankfurt exchange market, against $1.1609 on Tuesday, and a new four-year high of $1.1865 recorded on September 16.
