Lisbon Stock Exchange opens in the red with Altri falling more than 5%

The Lisbon Stock Exchange opened down 0.54% to 7,137.30 points.

The biggest drops were for Altri, which fell 5.12% to 6.12 euros, followed by EDP Renováveis, which fell 2.19% to 8.94 euros, and Galp Energia, which fell 1.97% to 13.93 euros.

Also in the red are Semapa, EDP, NOS, Navigator, Corticeira Amorim and Banco Comercial Português (BCP).

In the green, Sonae is trading, rising 0.73% to 1.10 euros, followed by CTT, rising 0.76% to 6.59 euros, and Mota Engil, rising 0.29% to 4.21 euros.

The main European stock exchanges are trading lower, with the DAX (Germany) down 0.42%, the CAC 40 (France) down 0.33%, and the FTSE 100 (United Kingdom) down 0.48%.

The AEX (Netherlands) is down 0.74%, the IBEX 35 (Spain) is down 0.05%, and the FTSE MIB (Italy) is down 0.42%.

Oil is trading lower with Brent falling 3.62% to $63.70 and crude falling 3.53% to $60.92.

On the foreign exchange market, the euro is appreciating 0.31% against the dollar, to 1.12116 dollars and the euro is rising 0.13% against the pound, to 0.84366 pounds.