Lisbon, Aug. 12, 2025 (Lusa) - The Lisbon stock market was trading higher on Tuesday morning, with Galp shares leading the gains and rising 1.01% to €16.45.
At around 9:40 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) was holding on to its opening trend and advancing 0.22% to 7,761.48 points, with six stocks rising, seven falling and two remaining unchanged (CTT at €7.76 and NOS at €3.77).
Galp shares were followed by Ibersol, BCP and EDP Renováveis, which were rising 0.62% to €9.66, 0.52% to €0.77 and 0.51% to €9.77.
More moderately, Mota-Engil and Sonae shares were up 0.38% to €5.26 and 0.31% to €1.29.
Going the other way, Semapa, REN and Altri shares were down, by 0.45% to €17.82, 0.34% to €2.95 and 0.20% to €5.11.
Shares in Corticeira Amorim, Jerónimo Martins and EDP were off 0.13% to €7.61, 0.10% to €20.70 and 0.08% to €3.69.
Navigator shares were down by a marginal 0.06% to €3.29.
The main European stock markets opened today with widespread gains, driven by the extension of the tariff truce between the United States and China, which postpones the implementation of tariffs for another 90 days.
The news of the tariff extension “had little impact on the market, which already seemed to have anticipated the measure, although the yield on 30-year Chinese bonds reached four-month highs,” said a source at Renta 4 Banco, quoted by Efe.
The main Asian markets, however, traded with gains after the new tariff truce, with Tokyo advancing 2.15%, Shanghai 0.5% and Hong Kong gaining 0.27%.
Meanwhile, investors remain attentive to US inflation data for July, which will be released today and may provide clues about new measures by the US Federal Reserve (Fed), which continues to be pressured by the White House to lower interest rates.
In Europe, the ZEW investor confidence index for Germany will be released today.
The stock market on Wall Street closed lower on Monday.
Brent crude oil, the benchmark in Europe, for October delivery, is advancing to US$66.81, compared to US$66.63 on Monday.
The euro is stronger, rising to US$1.1612 on the Frankfurt currency market, compared to US$1.1608 on Monday and the new high since 15 September 2021, of US$1.1789, on 2 July.
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