The major European markets recorded declines during a session marked by rising interest rates and oil. The European continent's markets felt the negative impact of these adverse economic conditions, which led to a sense of uncertainty among investors.
In contrast, the Portuguese PSI managed to stay in the green, defying the downward trend observed in other European stock exchanges. This positive performance stood out in the European landscape during this session.
Galp was one of the companies that contributed to this favorable performance of the Portuguese index. The Portuguese oil company benefited from the market context, helping to boost the PSI20.
The construction companies, with special emphasis on Mota-Engil, also played an important role in this positive result, contributing to Lisbon finishing the session in positive territory while the other European markets closed in the red.
