Lisbon, March 25, 2025 (Lusa) - The Lisbon stock market was continuing its opening trend on Tuesday morning and trading higher, with BCP leading the gains, rising 2.76% to €0.57.
At around 9.30 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Market Index) was advancing by 0.81% to 6,828.53 points, with 11 shares rising, three falling and one remaining unchanged (Ibersol at €8.80).
BCP shares were followed by Sonae, EDP Renováveis and NOS, which were gaining 1.37% to €1.03, 1.07% to €8.06 and 1.06% to €4.31.
With the same trend, Galp, Navigator and EDP shares were up 0.81% to €15.54, 0.80% to €3.27 and 0.71% to €3.12.
In the same trend, Mota-Engil and Semapa shares were rising 0.66 % to €3.35 and 0.64 % to €15.70.
The other two shares that were up were Corticeira Amorim and REN, namely 0.25% to €8.02 and 0.19% to €2.66.
Conversely, shares in CTT, Jerónimo Martins and Altri were down 1.22% to €7.30, 0.26% to €19.24 and 0.25% to €6.11.
The main European stock markets were trading higher today, pending the latest developments in the trade war after US President Donald Trump announced that there will be exceptions to the imposition of reciprocal tariffs from April.
Among other macroeconomic data, today will see the release of the German Ifo business confidence index for March and the week will end with unemployment in Germany and consumer confidence in the Eurozone.
Today, the European Union (EU) will announce new mining projects that are key to the ecological transition and defence.
Later today, the European Commission will present the first list of strategic projects to improve and diversify the supply of essential raw materials for the EU, such as lithium, nickel and titanium, considered fundamental for the European economy.
The agenda for the day also includes a meeting between the US Secretary of Commerce, Howard Lutnick, and the head of the Office of the US Trade Representative, Jamieson Greer, with the European Commissioner for Trade, Maros Sefcovic, to seek a solution to avoid an escalation of tariffs between the two sides following the latest White House decisions on trade policy.
In addition, an American delegation will begin a visit to New Delhi to meet with Indian interlocutors about the latest trade measures adopted by Washington.
Meanwhile, Wall Street closed in positive territory on Monday after US President Donald Trump announced that there will be exceptions to the imposition of reciprocal customs duties from April.
The price of Brent oil for May delivery, the benchmark in Europe, rose to US$73.34, up from US$73.00 on Monday.
Trump announced the imposition of 25% tariffs on countries that buy oil from Venezuela, either directly or through third parties.
The euro was weaker, at US$1.0784 on the Frankfurt exchange, compared to US$1.0788 on Monday and US$1.0218 on 13 January, a low since 10 November 2022.
MC/AYLS // AYLS
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