Lisbon, Oct. 8, 2026 (Lusa) - The Lisbon stock market was trading slightly lower on Thursday morning, with BCP shares down 2.28% to €1.14 and Galp shares up 1.41% to €22.23.
At around 9.40 am in Lisbon, the benchmark PSI (Portuguese Stock Index) was down 0.02% at 9,331.90 points, with seven companies falling, eight rising and one unchanged (Ibersol at €9.95).
BCP's shares were followed by those of Mota-Engil, CTT and Teixeira Duarte, which fell by 2.10% to €4.56, 1.55% to €5.71 and 1.22% to €0.44 respectively.
Also falling were Altri, EDP Renewables and Corticeira Amorim, which retreated by 0.58% to €4.28, 0.32% to €12.36 and 0.30% to €6.69 respectively.
In contrast, and to a more moderate extent than Galp, NOS, Sonae and Jerónimo Martins rose by 1.33% to €5.35, 0.97% to €2.08 and 0.89% to €17.01.
REN and Navigator rose by 0.71% to €3.54 and 0.26% to €3.07 respectively.
The other two companies whose share prices rose were EDP (0.13% to €4.80) and Semapa (0.11% to €18.92).
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
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