Lisbon, July 14, 2026 (Lusa) - The Lisbon stock market was trading lower on Tuesday morning, with BCP down 1.59% to €1.02.
At around 9.10 am in Lisbon, the benchmark PSI (Portuguese Stock Index) was down 0.40% at 9,097.11 points, with 12 companies falling, three rising and one remaining unchanged (EDP Renewables at €13.87).
BCP shares were followed by those of Jerónimo Martins, CTT and Teixeira Duarte, which fell by 1.22% to €16.26, 1.14% to €5.66 and 0.92% to €0.48 respectively.
Altri, Mota-Engil and REN also fell, by 0.64% to €4.66, 0.58% to €4.48 and 0.54% to €3.66 respectively.
Semapa and Sonae fell by 0.49% to €20.30 and by 0.47% to €2.12, whilst the other three companies seeing their share prices fall were Navigator (-0.44% to €3.14), Corticeira Amorim (-0.31% to €6.35) and NOS (-0.16% to €4.97).
Conversely, Galp, Ibersol and EDP rose by 0.7% to €20, 0.44% to €9.14 and 0.35% to €4.53, respectively.
Across Europe, the main stock markets opened lower today, with attention once again focused on the conflict in the Middle East and the price of oil, which continues to rise, alongside inflation figures and the release of corporate results in the US.
The euro is stronger, up 0.08% trading at $1.139 on the Frankfurt foreign exchange market.
At the start of the session, the price of oil continues to rise, following Monday’s trend as the conflict between the US and Iran intensifies.
Iran launched fresh attacks today against Jordan and Bahrain – with no fatalities confirmed so far – in response to the latest US offensive against Iran, which lasted around five hours and struck Tehran’s defence systems.
Consequently, the price of Brent crude – the European benchmark – for September delivery rose by 2.76% to $85.66.
As for US index futures, the Dow Jones is down 0.24% and the Nasdaq is up 0.45%.
In the US, the quarterly earnings season begins today on Wall Street with the major US banks – JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo and Citigroup – whilst on the macroeconomic front, the key focus will be the release of June’s year-on-year inflation figures, following a surge of 4.2% in May, the highest level since April 2023, driven by rising energy prices due to the war in Iran.
In addition, the new Fed chairman, Kevin Warsh, will appear before the House of Representatives’ Financial Services Committee to present the Semi-Annual Monetary Policy Report, and in Europe, ECB President Christine Lagarde is also expected to make an appearance.
MC/AYLS // AYLS
Lusa
