PSI remains in the 'green' and follows Europe

The Lisbon stock exchange continues to trade in positive territory this Friday in the middle of the session, with a gain of 0.71% to 7,242.80 points.

CTT leads the session, with a 3.29% rise to 6.91 euros, followed by Altri, which rises 2.28% to 6.280 euros. REN gains 1.97% to 2.840 euros, Corticeira Amorim increases 1.69% to 8.40 euros and EDP advances 0.61% to 3.443 euros.

In a counter-cycle, Semapa lost 1.10% to 18 euros, followed by Mota-Engil, which fell 0.53% to 4.128 euros. BCP slipped 0.22% to 0.6314 euros and Galp fell 0.14% to 14.05 euros.

The main European markets are trading in the 'green', with the DAX gaining 0.68% to 23,921.00 points, the CAC40 increasing 0.67% to 7,905.83 points and the IBEX35 rising 0.87% to 14,029.06 points.

Millennium Investment Banking's market analyst, Ramiro Loureiro, states that "Friday saw gains on European stock markets, leading the vast majority of stock indices to their fifth consecutive week of appreciation. After the sharp drop felt at the end of March and beginning of April, in reaction to the climate of trade war caused by the application of tariffs on imports by Donald Trump, the recovery in recent weeks led the German DAX to reach its highest value ever and brought the Stoxx 600 closer to that pre-tariff announcement peak (which is on standby), standing at around 2% at its all-time high."

“This is at a time when the US president said he would establish tariffs for US trading partners in the next two to three weeks, stating that his government does not have the capacity to negotiate agreements with all its trading partners. In the business world, it is worth noting the Richemont’s firing in reaction to the accounts”, highlights the analyst.

Ramiro Loureiro also mentions that “in Portugal, CTT leads the gains, with the good performance of the EDP group also standing out. In Germany, some listed companies discount dividends, such as Adidas, Heidelberg Materials, Commerzbank and E.On, but without any impact on the DAX, since the index incorporates them, as it is a total return” .

In the oil market, Texan WTI gained 0.58%, setting the price per barrel at $61.96, and Brent rose 0.50% to $64.85. Natural gas lost 0.74% to $3.338.

In the foreign exchange market, the euro appreciated 0.15% against the dollar, settling at 1.12 dollars.