At approximately 09:40 in Lisbon, the PSI, which has consisted of 16 companies since September 22, reversed its opening trend and fell 0.22% to 8,160.26 points, with nine stocks decreasing, six advancing, and one remaining unchanged (Ibersol at 10.15 euros).
On Monday, the session concluded with the PSI at 8,178.21 points, marking a new high since February 2011.
EDP Renováveis shares were followed by those of BCP, Teixeira Duarte, and EDP, decreasing by 0.92% to 0.75 euros, 0.75% to 0.53 euros, and 0.53% to 4.15 euros, respectively.
Shares of REN, Navigator, and Altri depreciated by 0.49% to 3.05 euros, 0.44% to 3.14 euros, and 0.31% to 4.78 euros, respectively.
The other two declining stocks were Sonae (-0.15% to 1.37 euros) and CTT (-0.14% to 7.24 euros).
Conversely, shares of Mota-Engil increased by 0.87% to 5.24 euros, following its announcement on Monday of securing a new contract with Petrobras valued at 4.4 billion reais (approximately 700 million euros).
Shares of Jerónimo Martins, Galp, and Semapa also advanced, rising by 0.58% to 20.84 euros, 0.47% to 17.28 euros, and 0.33% to 18.36 euros, respectively.
More modestly, shares of NOS and Corticeira Amorim increased by 0.26% to 3.84 euros and 0.14% to 7.20 euros.
Major European stock markets exhibited mixed signals at today’s opening, in a day with scarce macroeconomic references, the most significant being Germany’s factory orders data, while Asian markets remained closed.
Today, Germany’s federal statistics agency, Destatis, is expected to release August factory orders figures. Markets anticipate recovery in this variable, deemed crucial for an economy like Germany, heavily reliant on its industrial sector and exports.
Asian markets remained closed for another day due to public holidays.
Markets continue to observe the political situation in France, following President Emmanuel Macron’s decision on Monday to give interim Prime Minister Sébastien Lecornu until Wednesday to negotiate a “platform for action” to bring the country out of its political deadlock.
Attention is also turned to the lack of agreement in the U.S. between Democrats and Republicans on the budget, after negotiations failed again on Monday, resulting in a continued federal government shutdown affecting over 1.3 million state agency workers, now in its seventh consecutive day.
Wall Street stock futures indicate declines of 0.15% for the Dow Jones and 0.12% for the Nasdaq.
In the bond market, Germany’s 10-year obligation yields advanced to 2.727% from 2.718%, and France’s to 3.592% from 3.567%.
In commodities, gold per troy ounce, a safe haven asset, was advancing to 3,954.45 dollars, an all-time high compared to 3,954.10 dollars on Monday.
Meanwhile, oil prices are up following OPEC+’s agreement on Sunday for another crude oil production increase for November, at 137,000 barrels daily, marking the eighth consecutive monthly hike.
Brent crude, the European benchmark for December delivery, is rising to 65.54 dollars from 65.47 dollars on Monday.
Regarding cryptocurrencies, Bitcoin is down 1.02%, standing at 123,965 dollars, after reaching new highs of 126,251 dollars on Monday.
The euro fell to 1.1679 dollars in Frankfurt’s currency exchange market from 1.1712 dollars on Monday, after reaching a four-year high of 1.1865 dollars on September 16.
