Lisbon, April 15, 2026 (Lusa) - The Lisbon stock market was trading steadily on Wednesday morning, with Jerónimo Martins up 0.76% to €21.30 and Mota-Engil down 0.79% to €4.80.
At around 9.35 a.m. in Lisbon, the PSI (Portuguese Stock Index) reversed its opening trend and fell 0.03% to 9,360.07 points, having closed on 9 April at a new high since June 2008 (9,484.93 points).
Of the 16 listed companies included in the PSI, seven were up, seven were down and two remained unchanged (Ibersol at €11.30 and Semapa at €22.30). Jerónimo Martins shares were followed by those of Altri, EDP and Navigator, which were also rising, by 0.72% to €4.88, 0.67% to €4.68 and 0.47% to €3.39, respectively.
Also rising were BCP, Sonae and NOS, gaining 0.27% to €0.90, 0.20% to €2.00 and 0.18% to €5.51, respectively.
In the opposite direction, Mota-Engil, Teixeira Duarte, CTT and Galp fell by 0.68% to €0.44, 0.52% to €6.69 and 0.49% to €19.39, respectively.
The other three companies whose share prices fell were EDP Renováveis (-0.42% to €14.11), Corticeira Amorim (-0.15% to €6.64) and REN (-0.13% to €3.80).
The main European stock markets opened virtually flat on Wednesday morning, amid questions about whether there will be an agreement between the US and Iran to end the war, whilst the US blockade of Iranian ports came into force.
The euro fell by 0.10% to $1.1784 on the Frankfurt foreign stock market, compared with $1.1796 on Tuesday.
Meanwhile, oil prices were also stable in this session.
The price of Brent Crude, the European benchmark, for June delivery rose by 0.12% to $94.81.
Natural gas for May delivery on the Dutch TFF market, the European benchmark, rose by 0.42% to €42.68 per megawatt-hour (MWh).
During an interview with Fox News on Tuesday, the US president, Donald Trump, said that the war with Iran was close to ending and suggested that Tehran was seeking a rapid resolution.
He said the conflict was very close to resolution, insisting that Iran was desperately seeking a deal and that an agreement could be reached during the next round of negotiations.
Meanwhile, the US Central Command announced on Tuesday that it had imposed a total blockade on Iran’s ports and that maritime trade to and from the Islamic Republic had been completely halted.
Iran was reportedly considering halting its own shipping in the Strait of Hormuz to facilitate talks, while China issued a warning to the US, calling the blockade of the strait a dangerous and irresponsible act and urging all parties involved to return to the negotiating table.
Following Tuesday’s updated IMF (International Monetary Fund) forecasts, warning that the war could trigger a global recession, markets have been pricing in the high levels of uncertainty stemming from the Middle East conflict and the resulting energy shock, with the ultimate impact on global growth and inflation depending on the duration and intensity of the hostilities.
After the Dow Jones and the tech-heavy Nasdaq closed higher on Tuesday by 0.66% and 1.96% respectively, futures for the two indices are currently pointing to gains of 0.01% and 0.02% respectively. On the agenda for this Wednesday morning, the US Federal Reserve (Fed) will publish its Beige Book, whilst in the eurozone, February’s industrial production figures will be released. MC/MYAL // ADB.
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