At approximately 09:25 in Lisbon, the PSI maintained its opening trend and rose 0.26% to 7,715.60 points, with seven stocks climbing and eight falling.
Following Sonae, the shares of Galp, EDP Renováveis, and BCP advanced by 0.72% to 15.99 euros, 0.60% to 10.14 euros, and 0.57% to 0.67 euros, respectively.
More moderately, the shares of EDP, Jerónimo Martins, and NOS appreciated by 0.45% to 3.82 euros, 0.36% to 22.36 euros, and 0.13% to 3.83 euros.
Conversely, following the shares of Corticeira Amorim, the shares of Altri and Ibersol both fell by 0.61% to 4.86 euros and to 9.80 euros.
The shares of CTT, Navigator, and REN declined by 0.52% to 7.67 euros, 0.37% to 3.25 euros, and 0.32% to 3.15 euros.
The shares of Mota-Engil and Semapa both receded by 0.23% to 4.25 euros and to 17.44 euros.
The main European stock markets opened today in positive territory, buoyed by favorable economic results in the U.S., with retail sales exceeding expectations and unemployment continuing to improve.
European markets remain hopeful for trade agreements after the White House explained on Thursday that discussions with the European Union (EU) over tariffs are ongoing but insisted on not extending the August 1 deadline set by President Donald Trump to impose a 30% tax on European goods in the United States.
On Thursday, the New York Stock Exchange also ended in positive territory after recent corporate earnings exceeded Wall Street expectations and a Labor Department report showed a decrease in unemployment.
Among the corporate earnings announced in the U.S., the audiovisual giant Netflix posted a net profit of $6.015 billion in the first six months of the year, a 34.29% increase over the same period last year.
Meanwhile, oil prices continued to rise amid uncertainty in international markets due to U.S. tariff policy.
Brent crude, the European market benchmark for September delivery, is advancing to $69.90, compared to $69.52 on Wednesday.
West Texas Intermediate crude, the U.S. market benchmark, also rose to $66.68, up from $66.23 before the official market opening.
The price of gold per troy ounce, a safe haven asset, was rising to $3,345.11, compared to $3,338.90 on Thursday and the current all-time high of $3,432.34 on June 13.
The yield on Germany’s 10-year bond rose to 2.688%, compared to 2.673%.
Bitcoin advanced 0.82% to $120,458, following Monday’s high of $123,000.
The euro appreciated to $1.1627 in the Frankfurt forex market, up from $1.1586 on Thursday, marking a new high since September 15, 2021, at $1.1789 on July 2.
