Lisbon and European stock markets rise in response to Fed interest rate cut

The Lisbon Stock Exchange opened Thursday's session with a 0.19% rise to 7,744.41 points. Europe is also in the green after the US Federal Reserve (Fed) lowered its interest rate by 25 basis points on Wednesday to a range between 4% and 4.25%. This was the first time this had happened in nine months.

The biggest increases in the Portuguese index were for Mota-Engil, which rose 2.03% to 5.27 euros, followed by Ibersol, which grew 2.48% to 10.35 euros, and CTT, which rose 0.94% to 7.53 euros.

Also in the green are Banco Comercial Português (BCP), EDP Renováveis, Altri, Corticeira Amorim, NOS, and Galp Energia.

Trading in the red is Navigator, which falls 0.61% to 3.26 euros, followed by Sonae, which falls 0.61% to 1.31 euros, and EDP, which falls 0.47% to 3.83 euros.

Jerónimo Martins is still in the red.

Major European stock markets are trading higher. The DAX (Germany) rose 0.93% to 23,564.39 points, the CAC 40 (France) rose 0.62% to 7,835.61 points, and the FTSE 100 (United Kingdom) rose 0.11% to 9,218.05 points.

The AEX (Netherlands) rose 0.59% to 920.17 points, the IBEX 35 (Spain) rose 0.63% to 15,234.67 points, and the FTSE MIB (Italy) grew 0.73% to 42,260.00 points.

Oil is trading lower with Brent down 0.24% to $67.79 and crude down 0.27% to $63.88.