Lisbon, Nov. 20, 2024 (Lusa) - The Lisbon stock market maintained its opening trend on Wednesday morning and was trading higher, with EDP and Jerónimo Martins rising 1.08% to €3.45 and 1.03% to €17.59.
At around 9.25 a.m. in Lisbon, the benchmark PSI index was up 0.52% to 6,392.71 points, with 11 shares rising and four falling.
Down were Mota-Engil (-0.79% to €2.51), Navigator (-0.49% to €3.69), Altri (-0.38% to €5.28) and Sonae (-0.32% to €0.92).
Rising after EDP and Jerónimo Martins were EDP Renováveis, NOS, REN and Galp Energia, which rose 0.93% to €10.89, 0.72% to €3.48, 0.62% to €2.43 and 0.58% to €15.73.
Similarly, shares in Semapa, Ibersol, Corticeira Amorim, CTT and BCP advanced 0.56% to €14.30, 0.54% to €7.42, 0.12% to €8.08, 0.34% to €4.43 and 0.45% to €0.44.
The main European stock markets were up on Wednesday, partly recovering from Tuesday's losses amid rising tensions between Russia and Ukraine, and on a day when the market is awaiting the results of tech giant Nvidia.
At 8.45 a.m. in Lisbon, the EuroStoxx 600 was up 0.59% to 503.54 points.
With the euro down 0.25% to $1.0568 at the opening, the Madrid stock exchange was up the most, 0.83%, followed by Frankfurt with 0.56%, Paris with 0.42%, Milan with 0.29% and London with 0.24%.
Meanwhile, it was reported that the UK Consumer Price Index (CPI) rose to 2.3% year-on-year by the end of October, compared to 1.7% in September.
Despite the uncertainty over the escalation of the conflict in Ukraine, the main stock market indicators on Wall Street ended mixed, with investors analysing how the escalation of the conflict could affect the stock market.
The technology Nasdaq rose 1.04%, boosted by Nvidia, which is releasing its results later, while the benchmark S&P 500 index advanced 0.40% and the Dow Jones Industrial Average fell 0.28%.
In Asia, the main stock markets also closed with mixed results: Tokyo's Nikkei lost 0.16%, penalised by growing uncertainty in the markets due to factors such as the outlook for US monetary policy and the war in Ukraine, while Hong Kong's Hang Seng gained 0.26% and the Shanghai Stock Exchange gained 0.66%, after the People's Bank of China left its one- and five-year interest rates unchanged.
In Wednesday's session, which will see no major macroeconomic releases, the market will be paying close attention to a speech by the president of the European Central Bank (ECB), Christine Lagarde, during the presentation of the bank's half-yearly financial stability report.
In raw materials, gold was down 0.23% and the price per ounce was trading at $2,624 (€2,479).
For its part, crude oil registered moderate rises, of 0.31% in the case of Brent, to $73.53 per barrel, while West Texas Intermediate (WTI), the US benchmark for crude, was up 0.42% to $69.53 before the market officially opened.
Bitcoin, the best-known and most widely used cryptocurrency on the market, is approaching $93,000, after having previously surpassed the $94,000 level for the first time in its history, The yield on Germany's 10-year government bond, considered the European benchmark, rose to 2.352% from 2.336% in the previous session.
PD/ARO // ARO.
Lusa
