Lisbon, April 1, 2025 (Lusa) - The Lisbon stock market was trading higher on Tuesday, with nine shares rising, led by Jerónimo Martins, which rose 1.99% to €19.99.
At around 09:20 in Lisbon, the PSI maintained its opening trend and was up 0.61% to 6,907.59 points. Nine shares rose, four fell, and two remained unchanged (Ibersol at €8.74 and REN at €2.74).
Jerónimo Martins shares were followed by NOS, Semapa, and CTT, which rose 1.02% to €4.45, 0.79% to €15.40, and 0.53% to €7.52.
In the same trend, EDP, Navigator, and Galp shares climbed 0.48% to €3.13, 0.43% to €3.29, and 0.18% to €16.26.
The other two shares that rose were BCP and EDP Renováveis, which were up 0.11% to €0.56 and 0.06% to €7.72, respectively.
Conversely, shares in Mota-Engil and Sonae fell 0.65% to €3.38 and 0.19% to €1.06.
Altri and Corticeira Amorim shares were also down 0.17% to €5.96 and 0.18% to €7.99, respectively.
The main European stock markets were trading higher today. Investors are awaiting March inflation data in the eurozone and various PMIs against a backdrop of uncertainty regarding the US's promised imposition of reciprocal tariffs.
The markets continue to await US tariff policy, after US President Donald Trump said on Monday that he will be ‘soft’ with the tariffs he plans to impose in the coming days.
Trump reiterated his promise that on Wednesday, which he called ‘Liberation Day,’ he would impose ‘reciprocal’ tariffs on countries that, according to Washington, maintain trade barriers against US products and services. This measure could particularly affect the European Union (EU).
In the eurozone, preliminary estimates of the year-on-year CPI for March, the unemployment rate for February and the latest manufacturing PMIs for March from France, Germany, the UK, Spain and Italy will be released.
Wall Street's stock market closed in mixed territory on Monday as investors awaited US President Donald Trump's tariffs, which will come into force on Wednesday.
Against this backdrop of uncertainty, the price of an ounce of gold, a safe-haven asset, hit a new all-time high of $3,164, after closing at $3,117.76 on Monday.
The price of Brent oil for May delivery, the European benchmark, rose to $74.74, up from $73.63 on Monday.
The euro was weaker, at $1.0802 on the Frankfurt exchange, compared to $1.0812 on Monday and $1.0218 on 13 January, a low since 10 November 2022.
MC/ADB // ADB.
Lusa
