Lisbon, Dec. 3, 2024 (Lusa) - The Lisbon stock market was trading higher on Tuesday morning, with nine of the shares in the benchmark PSI (Portugal Stock Index) up, led by CTT and Ibersol, which both rose 2.25% to €4.55 and €7.28.
At around 9.25 a.m. in Lisbon, the PSI was up 0.29% to 6,380.79 points, with nine shares rising, five falling and one remaining unchanged (Sonae at €0.93).
CTT and Ibersol shares were followed by BCP, Mota-Engil and Jerónimo Martins, which advanced 1.72% to €0.44, 1.42% to €2.71 and 0.83% to €18.28.
Altri, Navigator and Semapa shares were up 0.73% to €4.97, 0.53% to €3.42 and 0.44% to €13.66. Galp also rose, by 0.06% to $16.38.
By contrast, shares in EDP Renováveis, EDP and NOS were down 0.74% to €10.72, 0.56% to €3.35 and 0.29% to €3.41. The other two shares to fall were Corticeira Amorim and REN, down 0.24% to €8.25 and 0.21% to €2.42.
The main European stock markets were up on Tuesday morning, buoyed by the good performance of semiconductor stocks and pending the political situation in France.
Investors are concerned about the political situation in France, where Prime Minister Michel Barnier, who has only been in power for three months, is trying to avoid a motion of censure that could lead to a new political blockade, and in Germany, where early elections will be held in February 2025.
Tuesday's macroeconomic agenda in the US includes the release of the Department of Labour's report on job openings in the country (Job Openings and Labor Turnover Survey, JOLTS).
In Asia, the Nikkei index, the main indicator of the Tokyo stock exchange, closed today with a gain of 1.91%, buoyed by the semiconductor sector, while the main index of the Seoul stock exchange, the Kospi, ended up almost 2%. The Shanghai Stock Exchange's benchmark index gained 0.44%.
Wall Street had closed mixed on Monday. The Dow Jones closed down 0.29% to 44,782.00 points, against a new high since it was created in 1896 of 44,910.65 points recorded on Friday, while the Nasdaq rose 0.97% to 19,403.95 points, against a high of 19,298.77 points recorded on 11 November.
The yield on the benchmark 10-year German government bond, which sets the pace in Europe, rose to 2.046%, against 2.032% in the previous session.
A barrel of Brent crude oil for delivery in February 2025 opened higher on Tuesday, at $72.31 on London's Intercontinental Exchange Futures (ICE), compared to $71.83 on Monday.
US benchmark West Texas Intermediate (WTI) oil also advanced, up 0.65% to $68.55 before the market officially opened.
Bitcoin, the most widely used cryptocurrency on the market, is advancing 0.09% to $95,507.8.
The euro opened stronger against the dollar on the Frankfurt exchange, at $1.0508, compared to $1.0488 on Monday and $1.0418 on 22 November, which was its lowest level since 1 December 2022.
MC/ARO // ARO.
Lusa
