Lisbon, Jan. 31, 2025 (Lusa) - The Lisbon stock market reversed its opening trend and traded slightly higher on Friday morning, with Ibersol shares rising 1.91% to €8.52.
At around 9.20 a.m. in Lisbon, the PSI reversed the opening trend and advanced 0.07% to 6,539.80 points, with six shares rising, eight falling and one remaining unchanged (REN at €2.36).
Ibersol's shares were followed by those of Semapa, Galp and EDP, which rose 0.53% to €15.14, 0.49% to €16.40 and 0.30% to €3.04.
In the same trend, Altri and Mota-Engil shares rose 0.26% to €5.72 and 0.07% to €2.98.
On the other hand, the shares that fell the most were CTT, Jerónimo Martins and NOS, which fell 0.68% to €5.80, 0.57% to €19.20 and 0.44% to €3.37.
Shares in Sonae, Corticeira Amorim and BCP fell 0.33% to €0.90, 0.24% to €8.43 and 0.08% to €0.50.
The other two shares to fall were Navigator and EDP Renováveis, down 0.06% to €3.52 and €9.04.
The main European stock markets were trading in the green as they awaited the publication today of various inflation figures for both the Europa and the US, after the European Central Bank (ECB) cut its key rates as expected.
In Europe, where the euro is trading lower, at less than $1.04, January inflation data is expected in Germany and France.
In the US, investors are awaiting today's publication of the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's favourite inflation indicator.
Investors are also waiting for US President Donald Trump to announce 25% tariffs on imports from Canada and Mexico on Saturday.
European stock markets maintained their positive trend from Thursday after the European Central Bank (ECB) lowered interest rates.
On the other side of the Atlantic, Wall Street reacted with gains to Wednesday's decision by the US Federal Reserve (Fed) to maintain interest rates and to the results of three major technology companies, including Apple.
Thursday also saw the release of the US Gross Domestic Product (GDP) for the final quarter of last year. Although it grew by 2.3%, this represents a slowdown.
The futures of the main US indices point to an upward opening.
In the debt market, interest on Germany's 10-year bond, considered the safest in Europe, fell to 2.515%, compared to 2.517% in the previous session.
On the commodities market, the price of Brent oil, the benchmark in Europe, advanced to $77.00, compared to $76.87 on Thursday.
The euro was weaker, at $1.0394 on the Frankfurt exchange, compared to $1.0417 on Thursday and $1.0218 on 13 January, a low since 10 November 2022.
MC/ADB // ADB.
Lusa
