At approximately 09:20 in Lisbon, the PSI continued its opening trend, declining by 0.07% to 6,701.25 points, with five stocks falling and ten rising.
The shares of BCP were followed in decline by Corticeira Amorim and CTT, which decreased by 1.21% to 7.32 euros and 1.12% to 7.04 euros, respectively.
The other two stocks experiencing depreciation were NOS and Galp, down by 0.61% to 4.07 euros and 0.60% to 13.15 euros, respectively.
Conversely, shares of EDP, along with Sonae, Jerónimo Martins, and Ibersol, saw an increase in value, rising by 0.98% to 1.03 euros, 0.59% to 20.58 euros, and 0.46% to 8.66 euros, respectively.
EDP Renováveis shares appreciated by 0.20% to 7.57 euros, while Navigator and REN both rose by 0.18% to 3.35 euros and 2.80 euros, respectively.
In a more moderate increase, Mota-Engil, Altri, and Semapa advanced by 0.17% to 3.52 euros, 0.10% to 6.14 euros, and 0.09% to 15.58 euros.
The main European stock markets opened lower today, remaining attentive to negotiations with the United States regarding tariffs.
The euro was up by 0.80% to 1.1367 dollars in the Frankfurt foreign exchange market, reaching a new high since February 10, 2022.
Similarly, the price of gold, considered a safe haven asset, was rising to a new historic high of 3,295.78 dollars per ounce, compared to 3,221.52 dollars on Tuesday.
The White House continues to quietly negotiate possible bilateral trade agreements, while considering temporary exemptions for partners and sectors to facilitate dialogue.
Meanwhile, it was reported that the UK’s year-on-year inflation stood at 2.6% in March, down from 2.8% in February, still above the Bank of England’s target of 2%.
China’s Gross Domestic Product (GDP) grew by 1.2% in the first quarter of 2025, two-tenths less than the previous quarter, according to official data released today by the national statistics agency of the Asian country, falling short of the experts’ consensus expectations.
Wall Street closed in the red on Tuesday, in a session marked by the results of major banks and investor relief following Trump’s decision to exclude some electronic devices and components from the so-called “reciprocal tariffs.”
The yield on Germany’s 10-year bond, considered the safest in Europe, fell to 2.491%, from 2.532% in the previous session.
The price of Brent crude for June delivery, the European benchmark, declined to 64.17 dollars from 65.32 dollars in the previous session, a day after the International Energy Agency (IEA) sharply revised down its oil production forecasts for this year and 2026.
On Monday, the Organization of the Petroleum Exporting Countries (OPEC) also lowered its oil production forecasts for this year and 2026.
