At around 09:15 in Lisbon, the PSI, which has included 16 companies since September 22, reversed the opening trend, dropping 0.10% to 7,944.87 points. This movement saw 11 stocks rise, four fall, and one remain unchanged, with EDP Renováveis steady at 11.33 euros.
BCP led declines followed by Galp, CTT, and NOS, which fell 0.69% to 16.66 euros, 0.27% to 7.27 euros, and 0.26% to 3.83 euros, respectively.
Conversely, Mota-Engil, REN, and Ibersol shares increased, rising 0.79% to 5.09 euros, 0.51% to 2.97 euros, and 0.50% to 10.15 euros.
Jerónimo Martins, Altri, and Teixeira Duarte stock prices also rose, climbing 0.49% to 20.46 euros, 0.40% to 5.06 euros, and 0.36% to 0.56 euros, respectively.
Similarly, EDP, Navigator, and Sonae advanced 0.35% to 4.01 euros, 0.31% to 3.27 euros, and 0.30% to 1.33 euros.
Corticeira Amorim and Semapa shares also saw gains, increasing by 0.28% to 7.22 euros and 0.11% to 18.24 euros.
Major European markets opened mixed today, with attention set on Friday’s release of the official U.S. employment report.
Today, among European market references is the preliminary inflation data in Spain, which rose by two-tenths in September to 2.9%, mainly because fuel and electricity prices fell less than in the same month last year.
Additionally, the eurozone will release final consumer confidence data for September, while Germany will publish August retail sales figures.
In the U.S., there is the recurring risk of a government shutdown with a deadline looming on Tuesday, the 30th. Analysts suggest, as in recent years, a last-minute agreement is likely to extend the debt ceiling, even if only until mid-November.
Meanwhile, Wall Street futures continue to rise following last Friday’s gains, with the Dow Jones climbing 0.41% and the Nasdaq 0.48%.
In the commodities market, gold per troy ounce, a safe haven asset, hit a new all-time high of $3,816.25.
Brent crude, Europe’s benchmark oil for November delivery, fell to $69.55 from $70.13 on Friday.
The euro strengthened to $1.1733 in Frankfurt’s foreign exchange market, up from $1.1703 on Friday and nearing a four-year high of $1.1865 reached on September 16.
