At approximately 09:40 in Lisbon, the PSI index, comprising 16 companies as of September 22, reversed its opening trend and fell 0.18% to 8,100.69 points, with 11 shares declining, four advancing, and one remaining unchanged (Ibersol at 10.1 euros).
On Friday, the session closed at 8,115.02 points, marking a new high since February 2011.
Shares of BCP were followed by those of Altri, Navigator, and Corticeira Amorim, which decreased by 1.02% to 4.84 euros, 1% to 3.16 euros, and 0.97% to 7.18 euros, respectively.
Teixeira Duarte, Semapa, and REN shares fell 0.76% to 0.52 euros, 0.43% to 18.42 euros, and 0.33% to 3.03 euros, respectively.
CTT and EDP shares decreased by 0.28% to 7.23 euros and 0.22% to 4.12 euros.
The other declining stocks were Mota-Engil, down 0.16% to 4.99 euros, and EDP Renováveis, down 0.08% to 12.14 euros.
Mota-Engil announced today that it secured a new contract with Petrobras valued at 4.4 billion reais (approximately 700 million euros).
In a statement to the Portuguese Securities Market Commission (CMVM), the group reported that its subsidiary Empresa Construtora Brasil (ECB), part of a consortium with a 33% share, signed a contract with Petróleo Brasileiro, S.A. (Petrobras) for 4.4 billion reais (approximately 700 million euros).
The contract, with an estimated duration of 50 months, includes project execution, construction, assembly, commissioning, assisted operation, and integration with the Duque de Caxias Refinery (“Reduc”) in Rio de Janeiro.
Additionally, an extension of five months, valued at 0.2 billion reais (approximately 35 million euros), was granted to a current ECB contract for the collection, processing, final destination, and disposal services of flexible lines from the “Almoxarifados Submarinos” in the Campos Basin.
Conversely, shares of NOS, Jerónimo Martins, and Sonae rose 0.52% to 3.85 euros, 0.19% to 20.64 euros, and 0.15% to 1.37 euros, respectively.
European stock markets opened lower today, amid ongoing budget negotiations in the U.S., as the government shutdown enters its sixth day.
Today, Eurostat will release retail sales figures for the eurozone in August, a metric that has shown certain frailty in key economies like Germany recently, with a slight monthly increase anticipated.
Meanwhile, the market is closely monitoring U.S. budget talks and potential consequences if the administration remains blocked, including the White House’s threat of staff firings.
In Wall Street, futures are currently gaining 0.47% for Nasdaq and 0.26% for Dow Jones Industrial Average, following a mixed close on Friday.
In Asia, Tokyo’s Nikkei soared 4.75%, setting a new record, bolstered by the governing party’s primary victory by conservative Sanae Takaichi.
Chinese markets remain closed through Wednesday due to national holidays and the Mid-Autumn Festival.
Commodity markets saw gold reaching a new all-time high at $3,930.42 per troy ounce, up from $3,886.54 on Friday.
Oil prices increased by over 1% after OPEC+ agreed on Sunday to a new production hike of 137,000 barrels per day for November, marking the eighth consecutive monthly rise.
Brent crude for December delivery rose to $65.54, slightly above Friday’s $65.53.
In cryptocurrencies, Bitcoin is up 0.97% today at $123,920, following Sunday’s record high of $125,689, surpassing the $124,515 mark set on August 14.
The euro fell to $1.1705 on the Frankfurt currency exchange, compared to Friday’s $1.1742 and the recent high of $1.1865 on September 16.
