At approximately 09:10 in Lisbon, the PSI index sustained its opening trend, declining by 1.30% to 6,876.17 points, with 11 stocks in decline, three rising, and one remaining unchanged (Ibersol at 8.71 euros).
Following BCP, Mota-Engil and CTT shares were depreciating by 4.26% to 3.24 euros and 3.69% to 7.31 euros, respectively.
Similarly, Galp and Sonae shares fell by 1.91% to 14.91 euros and 1.69% to 1.05 euros, respectively.
More moderately, shares of NOS, Altri, and Corticeira Amorim decreased by 0.67% to 4.46 euros, 0.58% to 5.99 euros, and 0.51% to 7.84 euros, respectively.
The other three declining shares were Navigator, EDP, and Semapa, losing 0.49% to 3.24 euros, 0.39% to 3.29 euros, and 0.39% to 15.34 euros, respectively.
Counteracting this trend, EDP Renováveis, Jerónimo Martins, and REN shares increased by 1.10% to 8.23 euros, 0.39% to 20.80 euros, and 0.17% to 2.89 euros, respectively.
EDP Renováveis announced on Thursday that its proposal for a dividend distribution, with the option for shareholders to receive dividends in the form of shares, was approved at the general assembly, along with all other 11 points.
The administration of the renewable energy company, with EDP as the largest shareholder holding 71.3% of the capital, proposed a dividend distribution of 0.08 euros per share, maintaining the “scrip dividend” program, which allows capital holders to be compensated with the issuance of new shares.
EDP had previously announced that, as in previous years, it intends to receive shares within this flexible shareholder compensation program.
Major European stock markets were trading lower today after the announcement of global tariffs by the U.S. on the previous day triggered market panic over the potential economic repercussions of a trade war.
The market maintains its negative trend while continuing to evaluate the consequences of the trade war.
Given the economic implications of the trade war, the market is keenly observing the U.S. employment report and the presence of Federal Reserve Chairman Jerome Powell today.
In this regard, analysts from Renta4 suggest it will be significant if Powell confirms the four rate cuts anticipated by the market for 2025.
On Thursday, European markets closed down, decreasing by about 3%, yet the decline was considerably less than that recorded on Wall Street, where the major indexes posted their worst day since 2020, with severe losses ranging from 4% to 6%.
At this time, futures in the Wall Street market hint at another “red” session, albeit with more moderated losses, while in Asia, the Nikkei in Tokyo dropped by 2.75%.
The market continues to be influenced by the announcement of reciprocal tariffs by U.S. President Donald Trump, who, however, expressed his willingness to negotiate if the offers are “phenomenal.”
The price of an ounce of gold, a safe-haven asset, was declining to $3,097.71 from $3,107.61 on Thursday and the current all-time high of $3,131.52, reached on April 2.
The price of Brent crude for June delivery, the benchmark in Europe, fell by 1.3% to $69.21 from $70.14 on Thursday, after a 6% decline on Thursday, impacted by the potential demand effects of tariffs and following OPEC+’s decision to increase oil production starting in May.
The euro was advancing, trading at $1.1057 on the Frankfurt foreign exchange market, a peak since September 30, 2024, up from $1.1039 on Thursday and $1.0218 on January 13, marking a low since November 10, 2022.
