At approximately 09:10 in Lisbon, the PSI continued its opening trend, advancing by 0.27% to 6,848.81 points, with 11 shares rising and four falling.
Following EDP Renováveis and Galp, shares of Ibersol, NOS, and Semapa rose by 1.11% to 9.10 euros, 1.08% to 3.76 euros, and 1.00% to 16.23 euros, respectively.
More moderately, shares of EDP, Mota-Engil, and Navigator increased by 0.57% to 3.34 euros, 0.55% to 3.32 euros, and 0.43% to 3.30 euros.
On Tuesday, Mota-Engil announced that its shareholders will evaluate on May 15 the resignation submitted by António Mota from the vice-presidency of the construction company and the entry of Chinese Li Guangming into the Board of Directors.
Sonae, Corticeira Amorim, and BCP shares rose by 0.38% to 1.05 euros, 0.27% to 7.39 euros, and 0.26% to 0.54 euros.
Conversely, shares of Jerónimo Martins and CTT fell by 1.64% to 21.54 euros and 0.97% to 7.18 euros.
REN and Altri shares also declined, specifically by 0.69% to 2.87 euros and 0.62% to 6.26 euros.
Major European stock exchanges opened with gains exceeding 1%, consistent with Tuesday’s close, spurred by rises in Asian markets and Wall Street after the U.S. reduced tariffs on China.
Following the tariff reduction imposed by U.S. President Donald Trump on China, Asian markets closed on a high note.
Wall Street closed on Tuesday with 2% gains, in a recovery session centered on comments by U.S. Treasury Secretary Scott Bessent, expressing hope for easing the trade war with China.
Today, S&P Global is releasing preliminary manufacturing and services PMI data for the eurozone, along with its major economies—Germany and France—as well as the UK and the U.S. for April.
According to analysts at Link Securities, quoted by Efe, the manufacturing sector is expected to continue contracting while the services sector slightly expands despite global uncertainty.
The euro was declining, reaching 1.1402 dollars in the Frankfurt currency market, compared to 1.1434 dollars on Tuesday and 1.1509 dollars on Monday, a new high since November 12, 2021.
The price of an ounce of gold, a safe-haven asset, was decreasing, dropping to 3,310.72 dollars, compared to 3,393.09 dollars on Tuesday and a new historic high of 3,414.65 dollars on Monday.
Conversely, the price of Brent oil for June delivery, the European benchmark, is increasing by more than 1%. Brent is up 1.35% to 68.47 dollars per barrel.
