Lisbon Stock Exchange recovers from losses and aligns with European gains

The Lisbon stock exchange is trading mid-session with a rise of 0.21% to 7,757.48 points, recovering from losses from earlier in the day .

The biggest rises in the Portuguese stock index went to Mota-Engil, which rose 3.50% to 5.15 euros, continuing to benefit from Visabeira's takeover bid for Martifer , followed by Altri, which rose 2.15% to five euros, and Banco Comercial Português (BCP), which rose 1.99% to 0.74 euros.

Sonae, Navigator, Semapa, Ibersol, CTT, and Corticeira Amorim are also in green.

Trading in the red is EDP, which falls 1.24% to 3.67 euros, followed by Jerónimo Martins, which falls 0.94% to 21.06 euros, and REN, which depreciates 0.84% to 2.96 euros.

NOS, EDP Renováveis, and Galp Energia are also in the red.

The major European stock markets are in the green at mid-session, with the exception of the United Kingdom. The DAX (Germany) rose 1.78% to 24,329.91 points, the CAC 40 (France) rose 1.26% to 7,731.58 points, and the FTSE 100 (United Kingdom) fell 0.78% to 9,092.90 points.

The AEX (Netherlands) rose 1.18% to 894.39 points, the IBEX 35 (Spain) rose 0.59% to 14,611.54 points, and the FTSE MIB (Italy) grew 0.69% to 41,293.00 points.

"Major European indices continue to rise, with the main indices gaining more than 1%, adding to the week's accumulated gains. Highlights included strong trade data from China, which saw significant growth in exports and imports from economies outside the United States, while trade relations with the US economy suffered a sharp decline due to the tariffs imposed by Donald Trump," highlights Millennium research .

Millennium also highlights the "strong, solid results" reported by Maersk, which is seen as an "important barometer for global trade and consumption." This scenario led the company to "raise its projections, highlighting strong demand outside" the United States.

"Siemens and Allianz, still showing positive responses to their financial statements, also stand out, in contrast to Deutsche Telekom and, above all, Rheinmetall, which failed across the board. The technology sector also deserves attention after Trump proposed 100% tariffs on semiconductors , but only for companies without production in the United States, which ended up having a limited impact on European listed companies. In Portugal, Mota-Engil continues to appreciate after yesterday's announcement of the acquisition of Martifer by the Visabeira group, and EDP Renováveis announced another asset rotation," Millennium highlights.

Oil is trading higher with Brent rising 0.70% to $67.36 and crude appreciating 0.70% to $64.80.

The euro is down 0.02% against the dollar to $1.16541 and the euro is down 0.44% against the pound to $0.86897.