The Lisbon stock exchange closed this fair on a low, following an opening trend, with a fourth drop to 1.49% main points, on a day of red tide in European stock exchanges.
Of the 15 listed companies that make up the PSI, 13 fell, led by Altri, which fell 2.03%, while one rose (Galp) and one remained unchanged (Corticeira Amorim).
The Lisbon market, as well as Navigator, fell by 2.22% for CTT and 2.32% for 3.52%, as well as 3.52% for Jerónimo Martins and 1.96% for Sonae SGPS.
In the energy sector, Greenvolt lost 2.92%, EDP 1.47%, REN 1.41% and EDP Renováveis 1.35%. On the other hand, Galp was quoted to close in the green, rising 0.63%.
Note also for Semapa’s 1.13% loss, while BCP dropped 0.15%.
In the rest of Europe, the main markets are also trading in the negative. Madrid and Milan both 1.52%, Frankfurt 1.21%, Paris 0.90% and London 48%.
European stocks were down after fading on expectations that the US Federal Reserve (Fed) will moderate the intensity of rate hikes.
Investors were still waiting for data on oil price developments, awaiting the Organization of Petroleum Exporting Countries (OPEC) and its 10 allied producing countries, including Russia, Mexico and Kazakhstan.
The Alliance of OPEC+ oil producers, led by Arabia and Russia, decided today in Vienna to reduce its production by two million barrels a day, which represents the biggest cut since the pandemic.
The cut in production was already expected and is justified by the sharp drop in oil prices, it is hoped that today’s decision will encourage a recovery in the amounts paid to OPEC.
Brent rose 1.88% to $93.53.