Lisbon, July 22, 2025 (Lusa) - The Lisbon stock market was trading higher on Tuesday morning, with Ibersol shares rising 1.67% to €9.76 and NOS shares falling 2.67% to €3.65.
At around 9:35 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Index) was holding on to its opening trend and rising 0.20% to 7,686.75 points, with nine stocks rising, five falling and one remaining unchanged (Sonae at €1.27).
Ibersol shares were followed by EDP Renováveis, BCP and REN, which were up 0.98% to €10.27, 0.78% to €0.67 and 0.32% to €3.18.
More moderately, EDP, Altri and Mota-Engil shares were rising 0.31% to €3.82, 0.21% to €4.80 and 0.10% to €4.19.
Navigator and Galp shares were also above the waterline, both by 0.06% to €3.22 and €16.15.
In contrast, in addition to NOS shares, CTT, Jerónimo Martins and Semapa shares were falling, by 0.92% to €7.50, 0.64% to €21.78 and 0.47% to €17.06.
Corticeira Amorim shares were down 0.26% to €7.56.
The main European stock markets opened in the red today, with all eyes on the statements to be made throughout the day by the presidents of the Federal Reserve, Jerome Powell, the ECB, Christine Lagarde and the Bank of England, Andrew Bailey.
Markets remain focused on second-quarter corporate results, as well as trade negotiations ahead of the increasingly close August 1 deadline.
Investors are eagerly awaiting this week’s ECB monetary policy meeting, which is expected to keep rates unchanged, so attention will be focused on whether ECB President Christine Lagarde will give any clues about the next steps.
Markets will also be watching for the release of preliminary PMI estimates, which provide an overview of activity in the manufacturing and services sectors and could be affected by US President Donald Trump’s announcement of 30% tariffs on imports from the eurozone to the US, although the impact is likely to be limited.
Brent crude oil, the benchmark in Europe, for September delivery is retreating to US$ 68.83, compared to US$ 69.21 on Monday.
Gold per troy ounce, a safe-haven asset, was down to US$ 3,383.87, compared to US$ 3,395.69 on Monday and the current all-time high of US$ 3,432.34 on June 13.
The euro was weaker, falling to US$1.1687 on the Frankfurt currency market, compared to US$1.1700 on Monday and a new high since September 15, 2021 of US$1.1789 on July 2.
MC/AYLS // AYLS
Lusa
