Lisbon, Jan. 9, 2025 (Lusa) - The Lisbon stock market was trading lower on Thursday morning, with seven PSI shares falling, led by BCP, which was down 2.18% to €0.47, and EDP, up 1.17% to €3.10.
At around 9.15 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Market Index) was continuing its opening trend and was down 0.31% to 6,351.85 points, with seven shares falling, six rising and two remaining unchanged (Ibersol at €7.64 and REN at €2.28).
In addition to BCP's shares, Jerónimo Martins, Corticeira Amorim and Altri were down the most, namely 0.71% to €18.15, 0.50% to €7.98 and 0.38% to €5.30.
More moderately, Mota-Engil, NOS and Navigator shares were down 0.35% to €2.81, 0.15% to €3.30 and 0.11% to €3.61.
In the opposite direction, EDP's shares were followed by those of EDP Renováveis, Sonae and Semapa, which were on the rise by 0.54% to €9.33, 0.45% to €0.90 and 0.42% to €14.24.
The other two shares that were on the up were CTT and Galp, 0.37% to €5.36 and 0.22% to €16.10.
The main European stock markets were trading mixed today, on a day when Wall Street will be closed due to the National Day of Mourning for the death of former US president Jimmy Carter, and after German exports fell by 3.5% in November.
Before the stock markets opened in Europe, it was announced that German exports fell by 3.5 % year-on-year in November.
German industrial production figures for November will also be released today, as well as retail sales figures for the Eurozone.
On Wednesday, bond yields rose again on expectations of rising inflation due to Donald Trump's protectionist policies, which could lead to a change in trend in central bank decisions.
Wall Street ended mixed, even though the minutes of the last meeting of the US Federal Reserve (Fed) in December revealed that inflation risks had increased.
Against a backdrop of economic strength in the US and weakness in Europe, the Euro continued to lose ground today, trading below US$1.03.
The euro opened weaker, at US$1.0297 on the Frankfurt exchange, compared to US$1.0306 on Wednesday and US$1.0265 on 2 January, a low since 21 November 2022.
The devaluation of the Euro against the US Dollar has been fuelled by the return of Donald Trump to the White House, who is planning policies that could increase inflation in the United States.
A barrel of Brent oil for March delivery is falling, at US$76.10 on London's Intercontinental Exchange Futures (ICE), compared to US$76.16 on Wednesday.
MC/AYLS // AYLS
Lusa
