At approximately 09:30 in Lisbon, the PSI maintained its opening trend, rising by 0.25% to 7,389.20 points, with shares of Sonae, CTT, and Semapa remaining unchanged at 1.25 euros, 7.33 euros, and 17.74 euros, respectively.
BCP was the only stock to increase by more than 1%, rising 1.67% to 0.69 euros, followed by NOS (+0.78% to 3.86 euros), EDP Renováveis (+0.75% to 8.72 euros), and Galp Energia (+0.59% to 13.74 euros).
Other stocks experienced lighter gains, including Ibersol (+0.21% to 9.50 euros) and REN (+0.17% to 2.91 euros).
On the contrary, Mota-Engil led the losses, dropping 0.84% to 4.49 euros, while Altri fell 0.56% to 5.53 euros, EDP slipped 0.37% to 3.51 euros, and Jerónimo Martins declined 0.18% to 22.44 euros.
Also declining were Corticeira Amorim (-0.13% to 7.75 euros) and Navigator (-0.11% to 3.51 euros).
European stock exchanges traded with slight gains in the early morning, except Madrid, amidst ongoing trade talks between the USA and Europe, labor data from France and Germany, and eurozone inflation expectations.
Aside from Madrid, which fell by 0.02% around 08:30 in Lisbon, London gained 0.21%, Frankfurt 0.29%, and Paris 0.31%.
The EuroStoxx 600 advanced by 0.11% to 552.93 points.
The euro depreciated 0.19% against the dollar, quoted at 1.130 units.
In Asia, Tokyo’s Nikkei index closed up by 0.03%, while the Shanghai Stock Exchange index fell 0.02%, and the Shenzhen Stock Exchange dropped 0.26%.
Wall Street closed on Tuesday with significant gains after Monday’s holiday, with the Dow Jones Industrials up 1.78%, the S&P 500 rising 2.05%, and the tech-heavy Nasdaq gaining 2.47%.
Futures registered slight losses of 0.13% in the three indices at the start of the morning.
Oil prices remained nearly stable, as OPEC+, led by Riyadh and Moscow, considered potential adjustments to its crude supply in a teleconference ahead of another scheduled for Saturday, where eight member countries are expected to announce a probable increase in output in July.
Brent, the European benchmark, fell 0.02% to 63.58 dollars per barrel, while West Texas Intermediate (WTI), the U.S. benchmark, rose 0.11% to 60.96 dollars before the official market opening.
In the bond market, yields on Germany’s 10-year bond, considered Europe’s safest, climbed to 2.542%, compared to 2.531% in the previous session.
Bitcoin, the most well-known and used cryptocurrency in the market, fell 0.72% to 108,824.5 dollars.
