Lisbon stock market down with Galp down more than 3%
The Lisbon stock exchange was, this Tuesday, down, maintaining the opening trend, with Galp leading the losses, falling 3.07% to 9.79 euros.
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At around 09:05 in Lisbon, the PSI dropped 0.11% to 5,420.00 points, with seven ‘papers’ going down, seven up and one maintaining the price (REN at 2.48 euros).
On Monday, Galp reported that it had received from Nigeria LNG Limited, its main natural gas supplier, a notice of force majeure reduction based on the vast floods that are taking place in Nigeria, which causes a production and supply of natural gas. liquefied and natural gas liquids”.
According to Galp, “no information has yet been made available to support an assessment of the potential impacts of the event, which could, however, result in additional supply disruptions” to the Portuguese oil company.
Galp shares were followed by Altri and Sonae, which rose 1.10% to 5.38 euros and 0.43% to 0.92 euros.
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The other four shares that fell in price registered decreases between 0.05% and 0.40%.
On the other hand, the shares of EDP Renováveis, EDP and CTT were the ones that rose the most, namely 1.05% to 20.28 euros, 0.88% to 4.26 euros and 0.87% to 2.89 euros. euros. BCP shares rose 0.66% to 0.14 euros.
The quotations of the other three stocks rose between 0.20% and 0.45%.
In Europe, the main European stocks were up today, following the trend of the Wall Street stock exchange at the fair, after the publication of better-than-expected quarterly results, such as those of Bank of America.
European stock exchanges remained attentive today to the UK government crisis and the impact of the Bank of England’s sovereign debt purchase program on Friday, to ease the tension in the markets.
Today the British Pound was rising to $1,135 and interest on the UK’s largest 10-year sovereign debt was down to 4%, after the new British finance minister, Jeremy Hunt, dismantled part of the improvement program developed in 23 September, which gave rise to strong turmoil in the markets.
In the sovereign debt market, the ten-year interest rate in Germany dropped to 2.28%.
Despite requests for an extension on October 31 from several British pension funds, the Bank of England ended the emergency government debt purchase program, thus reopening unrest even in the markets.
Today the economic agenda has no relevant economic references, with the exception of the ZEW economic sentiment indicator in Germany for October.
In the US it will also be published as September industrial production and more quarterly business results like Goldman Sachs and Netflix.
The markets will also be pending from the European Commission, which must present new legislative proposals to face the rising price of gas and manage to lower the electric bill of families and companies of the 27.
On Monday, the Wall Street Stock Exchange ended higher, with the Dow Jones up 1.86% to 30,185.82 points, against the maximum since it was created in 1896, of 36,799.65 points, recorded on January of this year.
The Nasdaq closed up 3.43% to 10,675.80 points, against the current high of 16,057.44 points, selected on November 16 of last year.
At the exchange rate, the euro opened lower, below parity since September 20, on the Frankfurt exchange market58, at USD 0.9835, against USD 0.9839 on Monday and USD 0.95 on 27 September, a minimum since June 2002.
A barrel of Brent oil for delivery in December opened with an upward trend on London’s Intercontinental Exchange Futures (ICE), at US$92.07, against US$91.62 on Monday and US$82.86 on 26 of September, a minimum of February of this year (before the start of the Russian invasion of Ukraine).