BCP leads losses and Lisbon follows the pessimism of European stock markets

Major European markets closed Friday's session in negative territory. This sentiment reached the PSI, which was hit particularly hard by the decline in BCP shares.

The national stock exchange's benchmark index fell 0.27% to 7,727 points, penalized by the 1.67% decline in the shares of the only bank included in the index, to €0.6586. Jerónimo Martins' shares fell 1.32% to €22.40 and Mota-Engil's fell 1.22% to €4.20.

In the opposite direction, Ibersol added 2.67% and settled at 10.00 euros, while REN gained 1.15% to 3.08 euros.

Among the major European indices, there were drops of 1.15% in Italy, 0.93% in Spain, 0.92% in France, and 0.88% in Germany, while the Footsie 100 in the United Kingdom slipped 0.49%. The Euro Stoxx 50 aggregate index closed the day down 0.98%.

However, the futures market saw significant increases, with Brent rising 2.67% to $70.39 per barrel, while crude oil rose 2.96% to $68.54 per barrel.

" European stock markets closed lower, with investors expressing concerns that Donald Trump may not be able to reach trade agreements with all his partners and announce the introduction of customs tariffs, to come into effect on August 1st," according to analysis by the Equity Markets Department of Millenium Investment Banking.

"This comes at a time when we're awaiting the start of yet another accounting season in the US, with many bank accounts due next Tuesday," the analysts emphasize.

"The energy sector escaped the declines, supported by rising oil prices, in response to rumors that Trump may restrict Russian oil exports, threatening 500% tariffs on China and India if the countries import any Russian energy," the analysis further notes.