BCP and Mota soar in lively stock market session with truce in the Middle East

European investors are “celebrating peace in the Middle East” and as a result there is great optimism in the markets and Lisbon is no exception.

Despite the situation still being in jeopardy, with US President Donald Trump admitting today that Israel and Iran violated the ceasefire he announced on Monday night, expressing disappointment and saying he was not happy with his ally Israel.

The PSI rose 1.16% to 7,495.98 points despite Galp's fall of 2.65% to 15.23 euros, as a result of the fall in oil futures.

Mota-Engil shares soared +5.02% to 3.764 euros and BCP shares advanced +3.54% to 0.6730 euros. Sonae also stood out, rising +3.23% to 1.2140 euros.

Only Galp and REN are in negative territory.

In Europe, green dominates with the Stoxx 600 appreciating 1.19%. The FTSE 100 rises 0.29%; the CAC advances 1.17%; the DAX soars 1.77%; the FTSE MIB appreciates 1.47%; the AEX grows 0.69% and the IBEX is up 1.54%.

Brent oil fell 3.68% to $68.85 a barrel while WTI crude in the United States fell 3.65% to $66.01.

The euro appreciated 0.26% to 1.1608 dollars.

Interest rates on 10-year German sovereign debt continue to rise (up 4.86 basis points to 2.55%). Portuguese debt, meanwhile, rises 1.82 basis points to 3.03%. In the US, interest rates on debt fall 0.20 basis points to 4.34%.