Lisbon, Oct. 8, 2026 (Lusa) - The Lisbon stock market was trading lower on Thursday morning, with 13 of the PSI's constituent shares falling, led by Altri and BCP, both of which were down by more than 1.4%.
At around 9.30 am in Lisbon, the benchmark PSI (Portuguese Stock Index) was down 0.38% to 9,384.33 points, with 13 companies falling and three rising.
Altri and BCP were down 1.45% to €4.41 and 1.43% to €1.17 respectively.
Following Altri and BCP were Corticeira Amorim, EDP and Semapa, which fell by 1.03% to €6.75, 0.91% to €4.78 and 0.83% to €19.12 respectively.
Also falling were CTT, Mota-Engil and REN, which retreated by 0.59% to €5.89, 0.54% to €4.80 and 0.42% to €3.53 respectively.
To a lesser extent, EDP Renewables, Teixeira Duarte and Navigator fell by 0.40% to €12.50, 0.32% to €0.46 and 0.26% to €3.08 respectively.
The other two companies whose share prices fell were Jerónimo Martins (-0.24% to €16.87) and Galp (-0.14% to €21.94).
Conversely, Ibersol, Sonae and NOS rose by 0.81% to €9.95, 0.49% to €2.04 and 0.19% to €5.41 respectively.
Across Europe, the main stock markets opened lower today, weighed down by sharp rises in Brent crude oil prices and French government bond yields, as well as fears of further increases in key interest rates.
The euro was weaker against the dollar, remaining below $1.12 and falling by 0.02% to $1.1195 on the Frankfurt foreign exchange market.
Against a backdrop of growing tensions between the US and Iran, the price of the benchmark Brent crude contract in Europe rose by 3.91% to $104.12.
The rises come after a hurricane in the Gulf of Mexico forced shutdowns effecting more than 510,000 barrels per day, equivalent to a quarter of the region's capacity.
Meanwhile, a report states that the White House has asked the Pentagon for plans for a possible attack on Iran ahead of the 3 November elections, against a backdrop of rising tensions due to attacks on cargo ships in the waters of the Persian Gulf off the coast of Qatar and Houthi offensives against Saudi airports.
The pressure on the markets is reflected in French sovereign bond yields, which have widened the spread over German bond yields (the risk premium) to 139.7 basis points.
Yields on ten-year bonds were hovering around decade-high levels reached in recent days, with France's at 4.899%, Germany's at 3.502% and the US's at 5.327%.
The markets are also reacting to the minutes of the US Federal Reserve's (Fed) latest meeting in September, released on Wednesday, and to expectations of a further rate rise before the end of the year due to persistent inflation.
US index futures are down 0.65% for the Dow Jones and 0.47% for the tech-heavy Nasdaq, having closed lower on Wednesday.
Highlights on today's agenda include Germany's August trade balance and initial jobless claims in the US.
MC/AYLS // AYLS
Lusa
