Portuguese Stock Market Advances, Exhibiting a Preponderance of Bond Decreases Over Increases
Fresh Update: European Markets Hold Their Breath as US-China Talks Resume
The clock strikes 9:35 AM in Lisbon, and the PSI index inched up 0.07%, settling at 7,431.13 points. A mixed bag of performances, with eight stocks trading in the red, one remaining unchanged, and the rest splitting evenly between positive and negative territories.
EDP Renovaveis surged 0.81% to 9.36 euros, Galp Energia followed suit with a 0.69% rise to 15.39 euros, REN climbed 0.68%, EDP edged up 0.57%, Altri inched forward 0.39%, and Jeronimo Martins saw a minuscule 0.09% gain.
Shares took a nose dive, led by Mota-Engil plummeting 3.82% to 4.18 euros. Close behind was BCP, shedding 1.44% to 0.67 euros, and CTT slipping 1.19% to 7.46 euros.
The lesser declines included Navigator, Ibersol, NOS, and Sonae, with falls of 0.54%, 0.40%, 0.26%, and 0.17%, respectively. Their prices stood at 3.33 euros, 9.86 euros, 3.84 euros, and 1.21 euros, respectively.
Stock markets continent-wide opened with anticipation, waiting on the outcome of US-China trade negotiations. The Sentix investor confidence index for the eurozone was due for release today.
At 8:35 AM Lisbon time, the EuroStoxx 600 hovered 0.02% below its mark at 553.14 points. London and Paris exchanges saw gains of 0.43% and 0.09%, respectively, while Madrid and Milan rose 0.17% and 0.06%. Frankfurt, however, dipped 0.18%.
The euro weakened 0.25% against the dollar, trading at 1.139 dollars.
In the midst of negotiations in London, the US and China tried to alleviate trade tensions for the second consecutive day, despite reaching an informal truce last month following their Geneva meeting.
Asian markets set the pace. Tokyo’s Nikkei index advanced 0.32%, boosted by tech sector stocks and the lingering hope of a positive London outcome. On the other hand, the Hang Seng dropped 0.28% as the clock struck closing time.
Wall Street finished Monday in the red, with the Dow Jones ending nearly flat and the tech-centric Nasdaq edging up 0.31%. The debates saw the US and China discussing ways to ease trade tensions.
Oil markets saw moderate increases. Brent rose 0.19% to 67.17 dollars per barrel, and WTI inched up 0.12% to 65.38 dollars, due to a weakening dollar against other currencies. Gold slipped 0.27%, to an ounce priced at 3,345 dollars, and bitcoin rose 0.66% to 109,495 dollars.
In the bond market, the yield on 10-year German bonds fell to 2.544%.
The current trade talks between the US and China have led to a new framework deal, set to maintain certain tariffs. The US is to continue 55% tariffs on Chinese imports, while China will hold onto its current 10% tariffs on US goods. This framework will open the door for further negotiation, though details are not yet fully confirmed.
[1]Source: Trade Deal Highlights and Recent Tariff Developments, OECD Trade Policy News, Vol. 2025/6, 11 June 2025.
What impact could potential resolutions in the US-China trade talks have on European markets, especially in terms of finance and investing, specifically in the stock-market?
As US-China trade negotiations resume, investors might watch the stock-market closely, as a resolution could influence finance and investing decisions, possibly leading to changes in the European Markets.
