Lisbon, Sept. 8, 2026 (Lusa) - The Lisbon stock market was trading slightly higher on Tuesday morning, with Galp leading the gains, rising 1.74% to €21.08.
At around 9.35 am in Lisbon, the benchmark PSI (Portuguese Stock Index) was up 0.06% at 9,424.38 points, with nine companies rising, five falling and two remaining unchanged (Sonae at €2.03 and REN at €3.49).
Galp's shares were followed by those of Jerónimo Martins, Mota-Engil and Semapa, which rose by 0.88% to €18.27, 0.54% to €4.84 and 0.49% to €20.70 respectively.
Navigator gained 0.43% to €3.24, whilst Altri and Teixeira Duarte both rose by 0.21% to €4.67 and €0.48, respectively.
Conversely, BCP, EDP Renewables and EDP fell by 1.12% to €1.14, 0.67% to €13.33 and 0.49% to €4.67.
The other two shares whose prices fell were those of CTT (-0.31% to €6.37) and Corticeira Amorim (-0.14% to €6.98).
In Europe, the main stock markets opened lower today, under pressure from rising oil prices and on a day when Wall Street will resume trading, having been closed on Monday for the Labour Day holiday.
The euro was stable against the dollar, down 0.09% and trading at $1.1612 on the Frankfurt foreign exchange market.
The price of the benchmark Brent crude oil contract in Europe rose by 1.95% to $98.89 per barrel.
The latest rise in oil prices is due to the dispute between Iran and the US over control of traffic in the Strait of Hormuz, with the threat of further attacks on oil tankers and energy facilities, against the backdrop of the intensification of the conflict over the past week.
Wall Street futures show the Dow Jones Industrial Average down 0.71% and the tech-heavy Nasdaq up 0.13%.
Investors will be keeping a close eye on the deadline for the entry into force of Canada's tariffs on US goods, with Prime Minister Mark Carney assuring that Ottawa will match «dollar for dollar» the customs duties imposed by Washington at the end of August.
This week, investors will be watching the ECB meeting, which begins on Wednesday and at which, almost certainly, key interest rates will be raised by 0.25 percentage points to 2.50% due to rising inflation.
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 the 16th.
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