The Lisbon Stock Exchange is trading in positive territory mid-session despite CTT shares falling by more than 5%.

The Lisbon stock exchange is trading in positive territory during mid-session on Monday, gaining 0.08% to 8,433.29 points.

Leading the gains are Galp Energia, up 1.09% to €17.59, and EDP Renováveis, up 1.03% to €12.81. On the other hand, CTT slipped 5.43% to €7.14 and Mota-Engil fell 1.08% to €5.935.

Regarding its European counterparts, the German DAX is up 1.17%, the Spanish IBEX 35 is up 0.61%, the French CAC 40 is up 0.20%, and the British FTSE 100 is up 0.13%.

According to Millenium market analyst Ramiro Loureiro, "European stock markets are generally rising in the first session of November, following confirmation that activity in the Eurozone's industrial sector has moved out of contraction territory in October and that the pace of decline has slowed in the United Kingdom."

“It is important to follow the developments in the US. The data comes after another month of gains in the stock markets, where many stock indices reached their highest ever value, including the American technology index Nasdaq 100 (registering seven consecutive months of gains), the S&P 500 (six months of gains) and the European Euro Stoxx 50 (with four months of gains), driven by the trade agreement between the United States and China that may avoid or reduce tariffs in some sectors,” the expert emphasizes.

Within the business sector, the analyst highlights "the upgrades that are boosting A2A and Mercedes. In Portugal, Semapa reacted to the slightly lower results."