Lisbon, Sept. 30, 2024 (Lusa) - The Lisbon stock market was trading lower on Monday, with 10 PSI shares falling, led by EDP Renováveis and Jerónimo Martins, which fell 0.70% to €15.57 and 0.67% to €17.91.
At around 9.30 a.m. in Lisbon, the PSI maintained the opening trend and fell 0.28 % to 6,788.97 points, with 10 shares falling, three rising and three remaining unchanged (Altri at €5.03, REN at €2.41 and Semapa at €14.46).
The shares of EDP Renováveis and Jerónimo Martins were followed by those of Mota-Engil, EDP and Corticeira Amorim, which fell 0.38% to €2.59, 0.36% to €4.11 and 0.34% to €8.86.
Navigator shares fell 0.16% to €3.65, while CTT and Sonae both fell 0.11% to €4.38 and €0.95.
In the same trend, Galp and BCP shares fell 0.06% to €16.54 and 0.02% to €0.41.
On the other hand, shares in Ibersol, NOS and Greenvolt rose 0.28% to €7.26, 0.14% to €3.68 and 0.12% to €8.31.
The main European stock markets were down today, focusing on September's preliminary inflation data from Germany and Italy.
The main event of the day will be the release of preliminary CPI data for September in Germany and Italy, which should confirm that the disinflationary process has continued in these two economies, something that investors take for granted after the improvement in this variable in September in both Spain and France.
For now, it is known that the UK's Gross Domestic Product (GDP) grew by 0.5% in the second quarter of 2024, below the market estimate of 0.6%.
In Asia, the main index of the Tokyo Stock Exchange, the Nikkei, fell by almost 5% today, in reaction to the election last Friday of Shigeru Ishiba as the new leader of the country's ruling party and next prime minister, in favour of continued rate hikes by the Bank of Japan.
Activity in China's manufacturing industry contracted at the fastest pace in 14 months in September, after a brief recovery in August, according to the PMI, the sector's benchmark, released today by the private online newspaper Caixin.
Wall Street closed last Friday in mixed territory, but managed to accumulate weekly gains in the three main indicators, with the Dow Jones rising to a new all-time high.
On the geopolitical front, tension is intensifying in the Middle East following the death of Hezbollah's leader in an Israeli attack and, in this context, Brent oil, the benchmark in Europe, is gaining 1.26% and West Texas Intermediate (WTI), the benchmark in the US, is also up 1.11% to $68.94 before the market officially opens.
MC/ADB // ADB.
Lusa
