Lisbon, Spt. 7, 2026 (Lusa) - The Lisbon stock market was trading higher on Monday morning, with EDP Renováveis and Galp leading the gains, rising by 1.98% to €13.40 and 1.41% to €20.81, respectively.
At around 9:20 a.m. in Lisbon, the PSI was up 0.25% to 9,412.70 points, with seven companies rising, eight declining and one remaining unchanged (REN at €3.51).
EDP Renováveis and Galp shares were followed by those of EDP, BCP and Teixeira Duarte, which rose by 0.77% to €4.69, 0.48% to €1.15 and 0.10% to €0.48.
Mota-Engil and NOS both gained 0.04% to €4.78 and €4.94, respectively.
Meanwhile, CTT, Jerónimo Martins and Navigator declined by 1.46% to €6.39, 0.82% to €18.08 and 0.62% to €3.23.
Similarly, Corticeira Amorim, Semapa and Altri fell by 0.57% to €7.01, 0.48% to €20.75 and 0.32% to €4.67.
The other two shares that fell in price were those of Sonae (-0.25% to €2.02) and Ibersol (-0.20% to €10.20).
In Europe, the main stock exchanges opened lower today, awaiting the European Central Bank's (ECB) decision on key interest rates on Thursday, which is expected to raise rates by a quarter point to 2.50%.
The euro was stable against the dollar, up 0.02% to $1.1616 on the Frankfurt foreign exchange market.
European markets will not have the benefit of guidance from Wall Street, which is closed today for the Labour Day holiday.
Investors will be keeping a close eye on the ECB meeting, which begins next Wednesday and at which the ECB will almost certainly raise key interest rates by 0.25 percentage points to 2.50% the following day due to rising inflation.
This week, investors are also awaiting Friday's release of the US inflation rate for August, which will be a key factor in the US Federal Reserve's (Fed) decision on 16 September.
The Fed's monetary policy meeting takes place on 15 and 16 September, and there is anticipation about whether it will keep key interest rates in the 3.50–3.75% range or raise them.
European stock markets are reacting today to the latest rise in oil prices.
The price of the benchmark Brent crude oil contract, the European benchmark, is up 0.98% to $97.22 per barrel.
The main US stock market indices are forecasting a 0.40% fall for the Dow Jones and a 0.25% gain for the tech-heavy Nasdaq, after both closed lower on Friday.
In the bond market, the yield on the 10-year German government bond has risen to 3.358%, having closed at 3.338% in the previous session.
MC/ADB // ADB.
Lusa
