Lisbon Stock Exchange remains in the green in line with Europe

The Lisbon Stock Exchange is trading mid-session with a rise of 0.04% to 7,698.54 points.

The biggest increases were for Banco Comercial Português (BCP), which rose 1.63% to 0.67 euros, followed by Galp Energia, which rose 0.57% to 15.97 euros, and Sonae, which grew 0.31% to 1.28 euros.

Also in the green are NOS, EDP Renováveis, Jerónimo Martins, and Mota-Engil.

Trading in the red is Corticeira Amorim, which is down 1.54% to 7.65 euros, followed by Altri, which is down 1.43% to 4.82 euros, and REN, which is down 1.27% to 3.12 euros.

Semapa, Ibersol, Navigator, and EDP are also in the red.

Among the major European stock markets, the trend is upward. The DAX (Germany) was unchanged at 24,367.43 points, the CAC 40 (France) rose 0.18% to 7,835.86 points, and the FTSE 100 (United Kingdom) fell 0.04% to 8,969.50 points.

The AEX (Netherlands) rises 0.01% to 914.59 points, the IBEX 35 (Spain) falls 0.09% to 13,989.85 points, and the FTSE MIB (Italy) rises 0.31% to 40,254.00 points.

"European indices continue to rise slightly, with gains across almost all sectors, extending the positive sentiment seen in yesterday's session in the United States (US). The energy sector leads the gains, driven by rising oil prices, which reacted positively after the European Union approved a new package of sanctions against Russia, including a new price cap for oil from the country. The banking sector, meanwhile, is showing one of the worst performances, after Citi stated that it expects lower growth in trading revenues for European banks compared to their North American peers. In the corporate sector, highlights include the surge of over 10% in Vestas Winds, which was upgraded by an investment house and received a large order from the US, and SAAB, which reported better-than-expected results and raised its annual outlook," says Millennium research .

Oil is trading higher with Brent rising 0.65% to $69.97 and crude falling 0.83% to $68.10.

The euro is up 0.40% against the dollar to $1.16454 and the euro is up 0.16% against the pound to $0.86575.