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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

PSI on the rise, with NOS leading gains and rising more than 2.5%

At around 09:20 in Lisbon, the PSI maintained its opening trend, advancing 0.22% to 7,710.74 points, with 11 stocks rising and four declining.

Following NOS, shares in Mota-Engil, Semapa, and EDP Renováveis advanced by 1.23% to 4.29 euros, 0.69% to 17.56 euros, and 0.49% to 10.20 euros, respectively.

More moderately, shares in Sonae, EDP, and REN gained 0.48% to 1.26 euros, 0.37% to 3.83 euros, and 0.32% to 3.11 euros.

Shares of Navigator, BCP, and Corticeira Amorim also rose, specifically 0.31% to 3.28 euros, 0.30% to 0.66 euros, and 0.26% to 7.82 euros.

Altri shares climbed 0.10% to 4.91 euros.

Conversely, shares of Galp, Ibersol, and Jerónimo Martins fell by 0.75% to 15.90 euros, 0.41% to 9.70 euros, and 0.27% to 22.44 euros, respectively.

Shares of CTT also declined, down 0.26% to 7.69 euros.

Major European stock exchanges opened in the green today, with attention once again focused on tariffs, U.S. Federal Reserve (Fed) Chairman Jerome Powell, and more corporate earnings.

Markets are reacting this way after Wednesday’s rumors about the dismissal of Fed Chairman Jerome Powell were later denied by U.S. President Donald Trump, who stated that his immediate departure is “unlikely” unless he is involved in a fraud scandal.

After closing Wednesday with slight gains, Wall Street futures are nearly steady to mixed, with the Dow Jones Industrials down 0.06%, the S&P 500 up 0.07%, and the Nasdaq up 0.21%.

In Asia, Taiwan’s TSMC, the world’s largest chip manufacturer, reported second-quarter results showing a profit of 398.270 billion Taiwanese dollars (13.521 billion dollars, 11.629 billion euros), an increase of 60.7% from the same period last year.

In Japan, the government reported that the country recorded a trade deficit of 2.21 trillion yen (12.860 billion euros, 14.955 billion dollars) in the first half of 2025.

Brent crude, the benchmark for oil in Europe, for September delivery is advancing to 68.57 dollars, compared to 68.52 dollars on Wednesday.

Gold per troy ounce, a safe-haven asset, was falling to 3,329.31 dollars, down from 3,349.17 dollars on Wednesday and the current all-time high of 3,432.34 dollars on June 13.

Bitcoin is down 1.42% to 118,221.5 dollars, from a high of 123,000 dollars on Monday.

The euro was depreciating, trading at 1.1591 dollars in the Frankfurt foreign exchange market, down from 1.1639 dollars on Wednesday and a new high since September 15, 2021, of 1.1789 dollars on July 2.

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