Lisbon, July 2, 2025 (Lusa) - The Lisbon stock market was trading higher, in line with the main European stock markets, with EDP Renováveis shares leading the gains, advancing 3.16% to €10.12 per share.
At around 9:20 a.m. in Lisbon, the PSI maintained its opening trend and rose 1.05% to 7,674.02 points, with 11 stocks rising and four falling.
Traders followed EDP Renováveis shares with BCP, Mota Engil and Semapa, which gained 1.67% to €0.67, 1.46% to €3.88 and 1.07% to €16.36.
Similarly, shares in EDP, Galp and Corticeira Amorim rose 1.01% to €3.79, 0.98% to €15.91 and 0.75% to €8.03.
Also on the gains side, Navigator, Altri, REN and Sonae shares rose 0.55% to €3.27, 0.20% to €5.01, 0.33% to €3.08 and 0.48% to €1.26.
Shares in NOS, Jerónimo Martins, CTT and Ibersol experienced a slight decline, dropping 0.38% to €3.94, 0.36% to €22.16, 0.27% to €7.52, and 0.21% to €9.68.
The main European stock markets opened slightly higher today after closing in the red on Tuesday, with the exception of London, with eyes on trade negotiations and the US fiscal plan and the ECB Forum in Sintra.
After Tuesday’s rise, the euro fell 0.20% against the dollar today, trading at €1.177.
Markets are assessing progress in trade agreements between the United States (US) and the rest of the world, after US President Donald Trump recently suggested raising tariffs on Japanese imports to 30% or 35%, while the US and India could conclude a provisional agreement this week.
In addition, the US House of Representatives is preparing to hold the final vote on the budget and tax bill that Donald Trump presented, following the Senate's approval on Tuesday night in a close vote, in which Vice President J.D. Vance’s vote proved decisive.
Stock markets will also be closely watching the speech by European Central Bank (ECB) President Christine Lagarde at the Forum in Sintra, which ends today.
The eurozone will also release May unemployment figures today.
Wall Street closed the last session mixed, with the Dow Jones Industrial Average being the only index to rise, advancing 0.91%. Meanwhile, the S&P 500 fell 0.11%, and the Nasdaq declined 0.82%.
In Asia, the Nikkei index on the Tokyo Stock Exchange closed with a 0.58% gain, while the benchmark index on the Shanghai Stock Exchange added 0.09%, and the Hang Seng on the Hong Kong Stock Exchange rose 0.56% a few minutes before closing.
Commodities have declined today, with Brent crude, the European benchmark, falling 0.18% to $66.68 per barrel, while Texas Intermediate, the US benchmark, also fell 0.31% to $66.250 per barrel before the official market opened.
Gold also fell 0.30%, with the price per ounce trading at $3,340.
MPE/ADB // ADB.
Lusa
