At 09:40 in Lisbon, the PSI maintained its opening trend, advancing 0.30% to 7,729.95 points, with nine stocks rising and six declining in value.
Shares of Mota-Engil led the gains, followed by BCP, EDP Renováveis, and Semapa, appreciating by 1.16% to €0.70, 0.87% to €10.42, and 0.69% to €17.46, respectively.
In more moderate movements, shares of Navigator increased by 0.52% to €3.11, while NOS and Ibersol both rose by 0.42% to €3.62 and €9.66, respectively.
Shares of EDP and Corticeira Amorim also saw increases, rising by 0.34% to €3.85 and 0.26% to €7.67, respectively.
Conversely, shares of CTT, REN, and Sonae decreased by 0.66% to €7.58, 0.65% to €3.04, and 0.48% to €1.25, respectively.
Jerónimo Martins, Altri, and Galp shares fell by 0.46% to €21.60, 0.20% to €4.89, and 0.15% to €16.75, respectively.
Major European stock markets opened positively today, buoyed by the trade agreement between Washington and Brussels, which foresees a 15% tariff on European products.
The EU-US agreement involves a 15% tax on European goods imported by the United States, instead of the 30% tariff President Donald Trump had threatened if consensus was not reached before August 1.
Brussels had prepared a retaliatory package, which, if adopted, would have triggered a trade war between the world’s two largest markets.
The 15% tax will apply to key sectors, including cars, semiconductors, and pharmaceuticals, and will include the EU’s purchases of energy and military equipment from the US, as specified by European Commission President Ursula von der Leyen.
Similarly, markets are bracing for a new week focused on monetary policy, with meetings from the US Federal Reserve (Fed), whose interest rate decisions will be released on Wednesday, and the Bank of Japan (BOJ) on Thursday.
Wall Street futures indicate slight increases, following a week that ended with gains, supported by solid results from companies like Alphabet and new trade agreements between the US and other countries.
Additionally, trade negotiations between the US and China are set to begin today in Stockholm and continue until Wednesday, following a drastic reduction in tariffs as part of a 90-day agreement expiring on August 12. The focus now is on extending the tariff truce.
On the macroeconomic side, Germany will release its monthly retail sales data for June today.
Brent crude, the benchmark in Europe, for September delivery, is advancing to $68.90, compared to $68.44 on Friday.
Gold per troy ounce, a safe-haven asset, is appreciating to $3,341.95, up from $3,337.30 on Friday, and the current all-time high of $3,432.34 was recorded on June 13.
The yield on Germany’s 10-year bond decreased to 2.691%, down from 2.716%.
The euro fell to $1.1719 on the Frankfurt exchange, down from $1.1742 on Friday and a new high since September 15, 2021, of $1.1789 on July 2.
