Around 09:15 in Lisbon, the PSI maintained the opening trend and fell 0.35% to 6,947.13 points, with nine 'stocks' falling, five rising and two maintaining their price (Greenvolt at 8.31 euros and REN at 2.49 euros).

Mota-Engil and NOS shares were followed by those of BCP, Galp and EDP Renováveis, which fell 0.88% to 0.35 euros, 0.64% to 19.26 euros and 0.60% to 14.99 euros.

On Wednesday, Millennium BCP announced that it had profits of 234.3 million euros in the first quarter, 8.4% more than in the first three months of 2023.

In the same vein, the shares of Altri, EDP and Sonae fell 0.36% to 5.59 euros, 0.15% to 3.88 euros and 0.11% to 0.94 euros.

Navigator shares fell 0.05% to 4.43 euros.

On the other hand, the shares of Jerónimo Martins and Ibersol were the ones that rose the most, namely 0.99% to 20.36 euros and 0.81% to 7.46 euros.

Semapa, CTT and Corticeira Amorim shares also rose, gaining 0.60% to 16.70 euros, 0.35% to 4.35 euros and 0.10% to 9.69 euros.

The main European stock exchanges were down today, despite the slowdown in inflation in the United States in April, awaiting the release of the Italian CPI and, in the US, unemployment benefit claims and industrial production.

Driven by the fall in inflation in the United States in April, to 3.4%, after two consecutive months of increases, Wall Street closed in the green on Wednesday with the main indicators reaching new historical highs.

For the director of financial investments at Mutualidad, Pedro del Pozo, quoted by Efe, the latest data published this week in the United States, both the producer price index (PPI) and the CPI, point to "an American economy that is still strong and tense, but which is slowing down progressively", and are in line with the expected fall in interest rates.

Analysts at Renta4 quoted by Efe explain that these data reinforce the expectation of two rate cuts by the Federal Reserve (Fed) in 2024, compared to only one that was discounted after the previous weak inflation data.

In this context, sovereign debt 'yields' are trading lower and, in the case of the 10-year German bond, considered the safest in Europe, they fell back to 2.417%, compared to 2.422% on Wednesday.

A barrel of Brent oil for delivery in July opened higher today, trading at $83.06 on the Intercontinental Exchange Futures (ICE) in London, compared to $82.75 on Wednesday.

On the foreign exchange market, the euro opened higher on the Frankfurt foreign exchange market, trading at 1.0880 dollars, compared to 1.0872 dollars in the previous session.

Read Also: European stock markets down despite slowdown in inflation in the US (Portuguese version)