The worsening conflict in the Middle East and the prospect of new interest rate hikes due to high inflation exerted negative pressure on European markets. This scenario of geopolitical and monetary uncertainty significantly affected the continent's stock exchanges.
However, the national index managed to stay in positive territory, escaping the losses recorded by the major European markets. This counter-cyclical trajectory allowed the Portuguese market to distinguish itself on a day of greater regional volatility.
The favorable performance of the Portuguese index was driven by the energy sector, particularly the oil company Galp and the EDP group. These two companies were fundamental in sustaining the positive trend of the Lisbon stock exchange.
