At approximately 09:15 in Lisbon, the PSI maintained its opening trend, advancing 0.11% to 8,435.91 points, with 12 stocks rising, three falling, and one remaining unchanged (Ibersol at 10.01 euros).
The PSI concluded Thursday’s session with an increase to 8,446.47 points, marking a new high since January 2010.
Following Galp, shares of Jerónimo Martins, REN, and EDP Renováveis also appreciated, specifically by 1.16% to 22.60 euros, 1.07% to 3.30 euros, and 0.95% to 12.80 euros.
Shares of Corticeira Amorim, Teixeira Duarte, and Navigator rose by 0.69% to 7.33 euros, 0.57% to 0.70 euros, and 0.53% to 2.02 euros respectively.
Similarly, shares of Altri, Sonae, and EDP increased by 0.51% to 4.95 euros, 0.28% to 1.42 euros, and 0.23% to 4.32 euros.
Other stocks experiencing an uptick included Semapa (0.22% to 18.14 euros) and BCP (0.05% to 0.77 euros).
Conversely, shares of CTT, Mota-Engil, and NOS decreased by 0.75% to 5.95 euros, 0.41% to 3.74 euros, respectively.
Major European stock markets also opened positively today, amid a week focused on PMI data, ongoing corporate earnings releases, and progress in negotiations between Washington and Beijing.
Today’s session sees markets anticipating the release of the Eurozone’s PMI (Purchasing Managers’ Index).
Markets remain vigilant regarding progress in US-China negotiations and corporate earnings, notably those of Irish low-cost airline Ryanair, which reported a net profit of 2.540 billion euros in the first fiscal half (April-September), a 42% increase from the same period in 2024 when it earned 1.790 billion euros.
This week also features the Bank of England’s (BoE) decision on Thursday, where market expectations for a potential interest rate cut are very modest.
Wall Street closed higher on Friday, with its three major indices posting monthly gains, driven by the technological Nasdaq’s 4% rise.
Gold, historically seen as a haven asset during times of uncertainty, was increasing in value, trading at 4,020.03 dollars per ounce, up from 4,002.92 dollars on Friday, and the new all-time high of 4,347.86 dollars recorded on October 20.
Meanwhile, Brent crude, the benchmark for oil in Europe, for delivery in January 2026, was rising to 65.04 dollars, compared to 64.77 dollars on Friday.
On Sunday, ministers from eight OPEC+ countries, led by Saudi Arabia and Russia, decided to increase oil supply starting in December.
The euro fell to 1.1526 dollars on the Frankfurt foreign exchange market, down from 1.1537 dollars on Friday, and the new four-year high of 1.1865 dollars observed on September 16.
