Lisbon, Oct. 9, 2024 (Lusa) - The Lisbon stock market was trading higher on Wednesday morning, with Jerónimo Martins shares up 1.23% to €17.29 and BCP down 1.38% to €0.41.
At around 9.25 a.m. in Lisbon, the benchmark PSI (Portugal Stock Index) was maintaining its opening trend, up 0.10% to 6,675.07 points, with 10 shares rising, four falling and two remaining unchanged (NOS at €3.58 and Sonae at €0.95).
Jerónimo Martins' shares were followed by EDP, which rose 0.67% to €3.91, and Ibersol and EDP Renováveis, which both rose 0.55% to €7.28 and €14.69.
In the same trend, Galp, Semapa and Navigator shares rose 0.48% to €16.78, 0.41% to €14.66 and 0.38% to €3.75.
The other three shares that were up were REN, Mota-Engil and Greenvolt, namely 0.21% to €2.39, 0.08% to €2.45 and 0.06% to €8.31.
In the opposite direction, BCP shares, CTT, Altri and Corticeira Amorim fell 0.24% to €4.24, 0.19% to €5.18 and 0.11% to €8.72 respectively.
The main European stock markets were mixed on Wednesday, with investors opting for caution ahead of Thursday's publication of US inflation figures for September and the start of the US quarterly results season on Friday.
Analysts at Link Securities quoted by Spanish news agency Efe say that in the absence of macroeconomic and business data of interest this session, the highlights of Wednesday's session include the release of the minutes of the last meeting of the US Federal Reserve.
Several top Fed officials will also be speaking on Wednesday, while in Europe, Germany's vice chancellor and minister of economy, Robert Habeck, is to unveil the government's growth forecasts for the autumn.
Wall Street recorded notable gains in the case of the Nasdaq, a high-tech index, thanks to lower oil prices, while awaiting an imminent response from Israel to the missile attacks launched by Iran on Tuesday last week.
Meanwhile, in Asia, the stock markets were mixed: Tokyo's Nikkei index was up more than 0.8%, while Hong Kong's Hang Seng is down almost 2% and Shanghai is down more than 6%, due to disappointment at the lack of details on China's tax incentive plan to boost a faltering economy, say analysts at Link Securities.
After the opening, and in anticipation of tensions in the Middle East, the price of Brent crude oil, which fell by almost 5% on Tuesday, resumed its gains on Wednesday.
A barrel of Brent oil for December delivery opened higher on Wednesday, at $77.89 on London's Intercontinental Exchange Futures (ICE), compared to $77.18 on Tuesday, after rising more than 8% last week.
On the foreign exchange market, the euro opened weaker at $1.0966 on the Frankfurt exchange, compared to $1.0976 on Tuesday.
MC // CSJ
Lusa/Fim
