Around 9:15 am in Lisbon, the PSI reversed its opening trend and rose 0.09% to 6,911.39 points, with nine 'stocks' falling, six rising and one holding its price (Greenvolt at 8.30 euros).

CTT shares were followed by Galp and Sonae, which rose 1.51% to 20.22 euros and 1.29% to 0.94 euros.

Before the market opened, Galp announced an agreement with the United Arab Emirates oil company ADNOC to sell its stake in the consortium exploring natural gas in the Rovuma basin in Mozambique for almost 600 million euros.

Navigator, BCP and Corticeira Amorim shares also rose, gaining 0.68% to 4.15 euros, 0.45% to 0.36 euros and 0.32% to 9.49 euros.

On the contrary, EDP Renováveis, Mota-Engil and Semapa shares fell 1.03% to 14.36 euros, 0.76% to 3.90 euros and 0.74% to 16.10 euros.

EDP, NOS and REN shares fell 0.51% to 3.72 euros, 0.44% to 3.39 euros and 0.40% to 2.48 euros.

The other three shares that fell were Jerónimo Martins, Ibersol and Altri, which fell 0.29% to 20.76 euros, 0.27% to 7.46 euros and 0.10% to 5.24 euros.

The main European stock markets were down today, awaiting the minutes of the last meeting of the US Federal Reserve (Fed) and the results of the US company Nvidia.

Wall Street, in turn, closed at record highs in the S&P 500 and Nasdaq indices, amid high expectations for the results to be released today by the technology company Nvidia, based on its leadership in Artificial Intelligence (AI).

Ahead of the accounts of the world's third-largest capitalized company, which will close the earnings season for large US technology companies, futures for the main indicators of the US stock market point to a higher open.

Before the opening, the market learned one of the most relevant macroeconomic data of the week, the UK's year-on-year inflation, which stood at 2.3% in April, against 3.2% in March and the lowest level in almost three years.

However, this value was above market expectations.

In this context, investors are awaiting today the statements that the president of the European Central Bank (ECB), Christine Lagarde, may make on monetary policy, after having assured in a television interview on Tuesday that a rate cut is likely in June.

The interest rate on the 10-year German bond, considered the safest in Europe, rose to 2.543%, against 2.498% on Tuesday.

The barrel of Brent oil for delivery in July opened today in decline, trading at 81.78 dollars on the Intercontinental Exchange Futures (ICE) in London, against 82.88 dollars on Tuesday.

On the exchange rate, the euro opened lower in the Frankfurt exchange market, trading at 1.0853 dollars, against 1.0854 dollars in the previous session.

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