At approximately 09:35 in Lisbon, the PSI, which has comprised 16 companies since September 22, reversed the opening trend, advancing 0.52% to 8,087.47 points. Nine stocks rose, five fell, and two remained steady (Corticeira Amorim at 7.23 euros and Ibersol at 10.1 euros).
Sonae shares were followed by Jerónimo Martins, Galp, and NOS, which rose 1.36% to 20.82 euros, 1.30% to 16.78 euros, and 0.78% to 3.88 euros, respectively.
Shares in BCP, CTT, and Semapa increased by 0.63% to 0.77 euros, 0.56% to 7.24 euros, and 0.55% to 18.42 euros, respectively.
Other rising shares included Teixeira Duarte (0.38% to 0.53 euros) and REN (0.16% to 3.05 euros).
In contrast, shares in Mota-Engil, Navigator, and EDP Renováveis dropped by 0.44% to 4.97 euros, 0.37% to 3.20 euros, and 0.25% to 11.82 euros, respectively.
Altri and EDP shares also fell, by 0.20% to 4.91 euros and 0.05% to 4.11 euros, respectively.
Main European stock markets opened higher today, in a session where the official U.S. employment report will not be published due to the temporary closure of the U.S. administration, a key factor for the Federal Reserve (Fed).
On the macroeconomic agenda, focus is mainly on the release of PMI data in the Eurozone and major economies. Meanwhile, the U.S. Department of Labor will not release the significant September employment report, which is crucial for the Fed to determine whether it needs to lower key interest rates at the upcoming Federal Open Market Committee (FOMC) meeting at the end of this month.
Analysts speculate that the administrative shutdown of the U.S. government, which currently affects non-essential services, will be brief and will not have a significant impact on the economic landscape.
Wall Street futures, with major indices reaching highs on Thursday, are forecasting further increases of 0.35% for the Nasdaq and 0.27% for the Dow Jones.
In Asia, for the third consecutive day, investors lack the reference of Chinese stock exchanges, which remain closed due to the National Day of the People’s Republic of China. In Japan, the Nikkei index at the Tokyo Stock Exchange rose by 1.85%, reaching a new record level, driven by the weak yen and strong performance in the semiconductor sector.
The Shanghai and Shenzhen stock exchanges in mainland China will resume activities on October 9.
Brent crude, the European benchmark for oil, for December delivery, is rising to $64.77, up from $64.11 on Thursday.
The euro advanced to $1.1723 on the Frankfurt exchange market, compared to $1.1715 on Thursday, hitting a new four-year high of $1.1865, recorded on September 16.
