Lisbon Stock Exchange enters red following European sentiment

The Lisbon Stock Exchange is trading mid-session, with the stock market opening in green, down 0.03% to 7,752.34 points.

The biggest drops were for Mota-Engil, which fell 3% to 5.01 euros, followed by EDP Renováveis, which fell 0.955 to 9.89 euros, and Banco Comercial Português (BCP), which fell 0.50% to 0.71 euros.

Also in the red are Navigator, Altri, Ibersol, Corticeira Amorim, Semapa, and Jerónimo Martins.

In the green is CTT, which rises 1.24% to 7.36 euros, followed by Sonae, which appreciates 0.92% to 1.31 euros, and REN, which appreciates 0.51% to 2.98 euros.

Galp, NOS, and EDP are also trading in the green.

Major European stock markets are trading lower, with the exception of the British stock market. The DAX (Germany) fell 0.14% to 23,660.88 points, the CAC 40 (France) fell 0.37% to 7,794.90 points, and the FTSE 100 (United Kingdom) rose 0.39% to 9,333.413 points.

The AEX (Netherlands) rose 0.49% to 910.16 points, the IBEX 35 (Spain) fell 0.47% to 15,235.50 points, and the FTSE MIB (Italy) fell 0.07% to 42,403.00 points.

"Most European markets reversed the positive sentiment from the opening bell and remain slightly lower mid-morning this Friday. After US stock indexes reached an all-time high yesterday, investors appear to be adopting some caution. This is especially true because the Fed's interest rate decisions will be announced next week, with a cut of at least 25 basis points expected. The automotive sector was the one that fell the most. In the business sector, Ocado fell more than 10% after its American partner Kroger questioned the future of some warehouses. Vallourec, meanwhile, gained value after winning a major contract from Petrobras," reports research firm Millennium.

Oil is trading higher with Brent rising 1.21% to $67.17 and crude rising 1.01% to $63.

The euro is down 0.07% against the dollar to $1.17276 and the euro is up 0.10% against the pound to $0.86530.