Lisbon, Jan. 13, 2025 (Lusa) - The Lisbon stock market was trading higher on Monday morning, with eight PSI shares rising, led by Galp, which rose 2.01% to €16.51.
At around 09:25 in Lisbon, the PSI maintained its opening trend and rose 0.52% to 6,332.71 points, with eight shares rising, six falling and one maintaining its price (Semapa at €14.24).
Galp's shares were followed by EDP Renováveis, EDP and Jerónimo Martins, which rose 1.66% to €9.16, 1.14% to €3.01 and 0.87% to €18.49.
In the same trend, Altri, Sonae and REN shares climbed 0.48% to €5.22, 0.45% to €0.90 and 0.44% to €2.30.
The other shares to rise were those of NOS, up 0.15% to €3.27.
Conversely, Ibersol, Navigator and CTT shares fell 0.52% to €7.60, 0.41% to €3.43 and 0.28% to €5.26.
Shares in Mota-Engil, Corticeira Amorim and BCP were down 0.15% to €2.71, 0.13% to €7.94 and 0.12% to €0.48.
The main European stock markets were trading lower today, as investors continue to digest the possibility of fewer interest rate cuts in the US.
The stock markets remained down after ending in the red on Friday due to the release of a report on US employment, which increased the possibility that the pace of interest rate cuts by the Federal Reserve (Fed) could slow down.
Wall Street also closed Friday with significant losses.
The US jobs data also impacted the bond market, where bond yields continue to rise.
Today, the ten-year US Treasury yield rose to 4.8%, while the German yield reached 2.619%, a high since June, and the French yield 3.477%, a high since 26 October 2023.
Against a backdrop of economic strength in the US and weakness in Europe, the euro is down again. The euro was quoted at $1.0229 on the Frankfurt exchange, a low since 10 November 2022, compared to $1.0244 at the end of last week.
Brent, meanwhile, continues to rise (it was up by more than 3% on Friday), and today it is rising to $81.04, a maximum since July, against $79.76 on Friday.
Earlier, in Asia, where Tokyo didn't trade due to a public holiday, the Shanghai Stock Exchange lost 0.25% and Hong Kong's Hang Seng lost 0.78%, on a day when it emerged that Chinese foreign trade grew by 6.8% in December and 5% throughout 2024.
MC/ADB // ADB.
Lusa
