Lisbon, Sept. 16, 2026 (Lusa) - The Lisbon stock market was trading slightly lower on Wednesday morning, with Jerónimo Martins down 1.01% to €17.61.
At around 9:45 a.m. in Lisbon, the PSI stood at 9,437.92 points, with seven companies falling, seven rising and two remaining unchanged (REN at €3.48 and Semapa at €20.60).
Jerónimo Martins' shares were followed by Altri and Sonae, both of which fell by 0.74% to €4.68 and €2.03, respectively.
Corticeira Amorim and Navigator declined by 0.71% to €7.01 and 0.68% to €3.22, as did Teixeira Duarte and EDP, which fell by 0.31% to €0.48 and 0.09% to €4.65.
Conversely, NOS, BCP and Mota-Engil rose by 0.76% to €5.34, 0.42% to €1.19 and 0.41% to €4.92.
Ibersol and Galp fell by 0.39% to €10.24 and 0.36% to €22.05, whilst the other two shares that rose were EDP Renováveis (up 0.33% to €12.32) and CTT (up 0.16% to €6.31).
In Europe, the main stock exchanges opened higher today, driven by a fall in oil prices in a session centred on the US Federal Reserve's (Fed) decision on key interest rates.
The euro was up slightly against the dollar, gaining 0.03% and trading at $1.1548 on the Frankfurt foreign exchange market.
The benchmark Brent crude oil contract in Europe fell 1.08% to $107.58.
On Tuesday, oil prices rose further after Saudi Arabia announced it would cancel deliveries to European refineries in September following the closure of the East-West pipeline.
Talks between Iran and the Gulf states regarding the Strait of Hormuz have been postponed, as have those between Iran and the US, with Iran indicating it will negotiate once its conditions are met, while the US may be facing an ammunition shortage.
Similarly, the US is reportedly in talks with the Houthis, who continue to attack targets in Saudi Arabia after having disabled the East-West pipeline – the infrastructure that allowed oil to be exported whilst bypassing the Strait of Hormuz itself.
With the steady rise in oil prices and the ECB's key interest rate hikes, yields on German 10-year government bonds have risen to 3.541%, a high not seen since June 2009.
Conversely, yields on 10-year US government bonds fell to 4.997%, down from 5.003% on Tuesday, a high not seen since July 2007.
Today, attention is focused on the Fed, although the decision on whether to keep key interest rates in the range of 3.50% to 3.75% or to raise them by a quarter of a point will not be known until 8:00 p.m. local time (7:00 p.m. in Lisbon), by which time the European market will already have closed.
Wall Street futures are up 0.13% for the Dow Jones and 0.43% for the Nasdaq, after both closed lower.
In the US, attention will also focus on August retail sales figures, while in the eurozone, July industrial production figures and final labour costs for the second quarter will be released; in the UK, reports indicate inflation rose to 3.1% in August.
MC/ADB // ADB.
Lusa
