The Lisbon stock exchange is trading in positive territory mid-session, with the PSI rising 0.26% to 9,404.32 points. Among the companies leading the gains are REN with a 1.45% increase to 3.490 euros, Altri with 1.19% to 4.695 euros, and EDP Renováveis with 1.06% to 12.38 euros. On the other hand, Jerónimo Martins retreats 1.13% to 17.46 euros, Ibersol falls 0.77% to 10.32 euros and Galp loses 0.42% to 21.46 euros.
The main European markets are showing mixed performance, with the German DAX down 0.06% to 25,597.50 points and the French CAC40 down 0.30% to 8,093.43 points, while the Spanish Ibex35 rises 0.07% to 19,575.13 points. Market analyst at Millennium Investment Banking, Ramiro Loureiro, states that European stock exchanges are down, prolonging a negative wave from the markets.
According to the analyst, the escalation of oil prices continues to pressure markets, with tensions in the Middle East showing no signs of slowdown. This raises fears that a new escalation of inflation could lead to larger interest rate hikes by central banks, in a week where the Fed, the Bank of England and the Bank of Japan are due to announce their monetary policy decisions.
In the oil market, Texas WTI gains 1.72%, setting the barrel at $103.13, and Brent increases 0.99% to $106.72. In the foreign exchange market, the euro depreciates 0.10% against the dollar, settling at $1.1539.
