Around 09:40 in Lisbon, the PSI maintained its opening trend, dropping 0.41% to 8,319.96 points, with eleven shares declining and five rising.
The PSI had ended on October 16 at a new high since April 16, 2010, at 8,340.83 points.
Following EDP’s shares were those of Semapa, REN, and Ibersol, which also fell by 1.21% to 17.92 euros, 0.96% to 3.10 euros, and 0.90% to 9.96 euros, respectively.
Navigator’s shares decreased by 0.72% to 3.05 euros, while NOS and Jerónimo Martins fell by 0.40% each to 3.72 euros and 20.16 euros.
Teixeira Duarte, Mota-Engil, and CTT also saw declines of 0.30% to 0.67 euros, 0.17% to 5.87 euros, and 0.14% to 7.16 euros.
In contrast, shares of Corticeira Amorim, Altri, and Galp rose by 0.82% to 7.36 euros, 0.60% to 5.05 euros, and 0.41% to 16.98 euros.
The other two shares that increased were Sonae (+0.28% to 1.43 euros) and BCP (+0.13% to 0.76 euros).
Major European stock markets opened lower today as the U.S. inflation data is released, delayed by over a week due to the federal government shutdown.
The U.S. Bureau of Labor Statistics releases the September inflation figure today, following an August increase of two-tenths to 2.9%, influenced by the White House’s tariff policy.
After Wall Street posted gains on Thursday driven by tech stock valuations, futures are currently up by 0.22% for the Dow Jones and 0.45% for the Nasdaq.
In Asia, markets closed higher.
The International Monetary Fund (IMF) projects the Asia-Pacific economies will grow by 4.5% in 2025, an improvement of 0.6 percentage points from the previous forecast, while warning of the risks posed by U.S. tariffs and rising protectionism affecting regional exports.
For China, the IMF revised its growth forecast for 2025 up by eight-tenths to 4.8%.
In an ongoing trade tension scenario between the world’s two largest economies, a meeting is scheduled between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
Meanwhile, China announced plans to expand market access in sensitive sectors and will not seek new preferential agreements within the World Trade Organization (WTO).
The price of gold, traditionally seen as a haven asset, declined by 0.92%, with an ounce trading at 4,095.04 dollars, compared to its all-time high of 4,347.86 dollars recorded on October 20.
Meanwhile, Brent crude, Europe’s benchmark oil for December delivery, fell to 65.55 dollars, down from 65.99 dollars on Thursday, after rising over 5% due to supply shortage concerns spurred by U.S. sanctions on Russian oil firms Rosneft and Lukoil.
The euro strengthened to 1.1610 dollars in the Frankfurt currency market, up from 1.1607 dollars on Thursday and a new four-year peak of 1.1865 dollars recorded on September 16.
