Lisbon, April 9, 2026 (Lusa) - The Lisbon stock market is trading higher on Thursday morning, with the PSI (Portugal Stock Index) reaching its highest level since June 2008, led by EDP Renovaveis rising 1.92% to €14.33.
Around 9:30 a.m. in Lisbon, the PSI continued its opening trend and was up 0.50% to 9,496.00 points with ten companies rising, five fell and Sonae unchanged at €2.02. EDP, REN and Ibersol followed EDP Renováveis, climbing 1.18% to €4.73, 1.17% to €3.88 and 1.10% to €11.02.
Galp, Semapa and CTT also gained, with shares rising 0.95% to €20.21, 0.66% to €23.00 and 0.45% to €6.75.
Other gainers included Corticeira Amorim (0.30% to €6.70), Navigator (0.23% to €3.46) and BCP (0.02% to €0.91). Conversely, Jeronimo Martins and Teixeira Duarte were falling 0.86% to €20.82 and 0.32% to €0.47, while Altri and Mota-Engil both shed 0.20% to €4.95 and €5.02. NOS was down 0.18% to €5.60.
Main European bourses opened on Thursday with no defined trend while oil prices rose again due to uncertainty created by US President Donald Trump. He threatened new offensives in Iran if the ceasefire fails.
The euro is stronger, rising 0.02% to $1.1665 in the Frankfurt currency market, compared with $1.1663 on Wednesday.
Brent crude, the European benchmark, for June delivery is up 2.63% to $97.24, while West Texas Intermediate (WTI) for June delivery, the US benchmark, is up 3.07% to $90.44.
On Wednesday, the price of a barrel of Brent fell by as much as 16% to US$91, the biggest drop since 9 March 2020, when it ended the session down 24.10%, and the second-biggest in 35 years.
And a barrel of WTI recorded its biggest daily fall since 2020 on Wednesday, dropping by more than 16% to US$94.41.
Natural gas for May delivery on the Dutch TTF market rose 0.57% to €45.56 per megawatt-hour (MWh).
The US president warned on Wednesday he would keep military forces stationed around Iran until the deal is fully met. He threatened a "bigger and stronger" offensive in case of non-compliance but said he considered this scenario "very unlikely." He added there would be no nuclear weapons and the Strait of Hormuz would remain "open and secure."
An Iranian delegation is due to arrive in Islamabad Thursday night to start negotiations with the US based on a 10-point plan to end the war, attempting a diplomatic route despite reports of ceasefire violations.
Trump said on social media all U.S. military personnel and equipment would remain in and around Iran until the "real deal reached" and is "fully fulfilled," saying the deployment ensures regional stability.
Dow Jones and Nasdaq futures point to losses of 0.24% and 0.23%, respectively.
Thursday's European agenda includes industrial production in Germany and Spain, and Germany and Portugal’s trade balance.
In the US, reports will include the last quarter of 2025 GDP, the PCE (Personal Consumption Expenditures) price index for February, and weekly jobless claims. The Fed (US Federal Reserve) will use the PCE data for its 29 April monetary policy decision.
Regarding precious metals, gold prices are down 0.10% to $4,715.11 an ounce and silver is down 0.21% to $73.96.
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