Around 10:00 a.m. in Lisbon, the PSI advanced 0.17% to 6,627.10 points, with 12 'stocks' rising, one falling (Galp), and three maintaining their price (Corticeira Amorim at 9.58 euros, Semapa at 15.90 euros, and Sonae at 0.94 euros).

On Tuesday, CTT announced that it will pay a dividend, approved at the general meeting, of 0.17 euros per share on May 16, in a statement sent to the Securities Market Commission (CMVM).

Also on Tuesday, Galp's CEO assured that the oil company will maintain "a significant position" in the oil exploration project in Namibia, but acknowledged that the current 80% stake "is beyond the company's financial capacity".

"Given the size of the project, it is beyond Galp's financial capacity to maintain an 80% stake. In fact, we have a 100% financial exposure to the project," said Filipe Silva during a conference call with analysts on the results of the first quarter of 2024.

Even so, the CEO did not confirm the news that Galp intends to sell half (40%) of the 80% stake it holds in the oil exploration consortium in the Mopane complex, in partnership with the Namibian state-owned company Namcor and Custos Energy (each with a 10% stake).

The shares of CTT and EDP were followed by those of EDP Renováveis, BCP, and Mota-Engil, which rose 1.48% to 13.06 euros, 1.13% to 0.33 euros, and 0.88% to 4.11 euros.

The shares of Ibersol, NOS, and Navigator rose 0.85% to 7.08 euros, 0.77% to 3.27 euros, and 0.63% to 4.18 euros.

The shares of REN and Altri also rose, namely, 0.22% to 2.27 euros and 0.19% to 5.18 euros.

The other two stocks that rose were Jerónimo Martins and Greenvolt, which rose 0.16% to 19.38 euros and 0.06% to 8.31 euros.

The main European stock exchanges were up today, pending the publication of the OECD's annual report on economic prospects, while Apple presents results in the US, where weekly unemployment benefit claims will also be released.

The European markets, which were closed due to the Labor Day holiday, reacted today to the two-day monetary policy meeting of the US Federal Reserve (Fed), which ended on Wednesday.

On Wednesday, Fed Chairman Jerome Powell said it is "unlikely" that the next step for the US central bank will be to raise interest rates, but acknowledged that bringing inflation down to the 2% target "will take longer than expected".

The Fed kept rates between 5.25% and 5.5% due to "lack of progress" in slowing inflation and said data this year did not give the central bank "enough confidence" to cut interest rates.

After that, Wall Street closed mixed, while in the debt market, the yield on the ten-year US bond rose to 4.611%, and today fell to 4.607%.

The barrel of Brent oil for delivery in July opened higher today, trading at $84.18 on the Intercontinental Exchange Futures (ICE) in London, against $83.44 on Wednesday.

On the foreign exchange market, the euro opened higher on the Frankfurt foreign exchange market, trading at 1.0716 dollars, against 1.0672 dollars in the previous session.

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