Lisbon Stock Exchange opens in the red with Jerónimo Martins falling as profits rise

The Lisbon Stock Exchange opened Friday's session down 0.48% to 7,675.12 points. Major European stock markets are also in negative territory after the United States announced that the tariffs would come into effect from August 1 to 7 .

Jerónimo Martins fell 3.93% to €20.56 after posting a 6% rise in first-half profits. Next in line was EDP Renováveis, which fell 0.58% to €10.24, and Galp Energia, which fell 0.48% to €16.64.

In the red are Mota-Engil, REN, EDP, Sonae, and Semapa.

Trading in the green is Ibersol, which appreciates 2.56% to 9.60 euros, followed by Banco Comercial Português, which rises 0.53% to 0.72 euros, and CTT, which grows 0.27% to 7.42 euros.

The main European stock markets are in the red. The DAX (Germany) fell 1.30% to 23,770.31 points, the CAC 40 (France) fell 1.18% to 7,680.35 points, and the FTSE 100 (United Kingdom) fell 0.45% to 9,092.10 points.

The AEX (Netherlands) fell 0.63% to 896.35 points, the IBEX 35 (Spain) fell 0.60% to 14,316.50 points, and the FTSE MIB (Italy) fell 0.95% to 40,599.00 points.

Oil is trading lower with Brent falling 0.14% to $71.60 and crude falling 0.19% to $69.13.

The euro is appreciating 0.09% against the dollar, to 1.14283 dollars and the euro is rising 0.15% against the pound, to 0.86592 pounds.