Around 09:25 in Lisbon, the PSI index maintained its opening trend, declining by 0.12% to 7,438.53 points, compared to 7,545.86 points on Monday, a new high since May 2014. Five stocks declined, eight rose, and two remained unchanged (Corticeira Amorim at 7.79 euros and NOS at 3.79 euros).
CTT shares led the declines, followed by BCP and Altri, which dropped 1.67% to 0.66 euros and 1.50% to 4.91 euros, respectively.
The other two declining stocks were Mota-Engil and Ibersol, falling by 0.82% to 3.86 euros and 0.42% to 9.44 euros.
Conversely, shares in REN, Jerónimo Martins, and EDP rose 0.82% to 3.06 euros, 0.66% to 21.32 euros, and 0.63% to 3.65 euros, respectively.
More moderately, the stocks of Semapa, Navigator, and Sonae increased by 0.37% to 16.30 euros, 0.36% to 3.30 euros, and 0.34% to 1.17 euros, respectively.
Shares of EDP Renováveis and Galp rose by 0.10% to 9.59 euros and 0.03% to 15.91 euros, respectively.
Main European stock markets opened higher today, anticipating the maintenance of U.S. Federal Reserve (Fed) interest rates between 4.25% and 4.5% and awaiting eurozone inflation data.
At market opening, European exchanges mirrored the performance of Asian markets ahead of the Fed meeting, with decisions to be announced after European markets close.
During this session, investors will also learn the interest rate decision from Sweden’s National Bank (Riksbank), and Brazil’s Central Bank will decide on altering the key interest rate, currently at 14.75%. The UK’s decision will follow on Thursday.
Meanwhile, it’s been announced that the UK’s annual inflation rate slowed to 3.4% in May, compared to 3.5% in April.
Markets are also attentive to the impact of tariffs on European inflation data and developments in the Israel-Iran conflict, which led to a significant rise in oil prices on Tuesday that are now declining.
Wall Street closed in red on Tuesday.
In commodities, gold prices are dropping, while oil prices began to rise.
The troy ounce gold, a safe-haven asset, dipped slightly to $3,382.39, down from $3,382.94 on Tuesday and $3,432.34 on June 13, a new historic peak.
Brent crude, the European benchmark for oil delivery in August, is rising to $76.45, up from $73.23 on Tuesday, driven by supply interruption fears from the Middle East due to the war between Israel and Iran.
The euro advanced to $1.1517 in the Frankfurt currency market, up from $1.1503 on Tuesday and reaching a new high of $1.1584 on June 18, the highest since November 9, 2021.
