The Lisbon stock exchange closed higher for the fourth consecutive session, on a day of gains for most European markets, still benefiting from the reassessment of the Federal Reserve’s (Fed) interest rate cut forecasts for 2025, which led international stock markets to report robust gains on Wednesday.
The national reference index, the PSI, rose 0.55% to 6,494.27 points, with 10 of its 15 titles in the green, led by the rises of Mota-Engil and CTT.
The construction company, sensitive to the interest rate environment, rose 1.70%, to R$2.864, while the post office also gained 1.70%, to R$5.39.
Heavyweights EDP Renováveis and BCP also benefited the index, with gains of 1.12% and 1.29% respectively.
In retail, Sonae recorded solid gains, rising 1% while Jerónimo Martins stabilized at 18.50 euros.
This Thursday, sales in 2024 and investments led Jefferies to raise the target of the owner of Pingo Doce supermarkets.
On the negative side, EDP stands out, which fell 0.64% to 3.111 euros.
Updating
Source: www.jornaldenegocios.pt
