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Home Economy

PSI and Europe open lower as markets anticipate rate hike

by Ursula Curtis
May 2, 2022
in Economy
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The PSI started the week down 0.32% to 5,911.32 points, with 12 trading low, two high, and one, Mota-Engil, unchanged at €1.28. In Europe, the trend was also to the downside, with the Stoxx 600 losing 0.87% at the start of the session. Only London was against the Continental track.

The week starts with losses as the markets anticipate the relevant upward moves in benchmark interest rates: to be announced, this will be the fourth consecutive hike by the BoE; It would be the first 0.5 percentage point increase by the US Federal Reserve in one month in more than 20 years.

Greenvolt fell 2.55% to €6.89, topping the list of losses at the opening session on Monday, May 2nd. BCB shares also punished losses, which fell 1.35% to 0.15 euros. And Cortesira Amorim, which fell 0.91 percent to 9.77 euros.

Sonae, which last week agreed to a dividend of 0.0511 euros per share at its general meeting, fell 0.29% to 1.03 euros.

Galp Energia (-0.34% to €11.59), EDP (-0.16% to €4.43), and subsidiary EDP Renováveis ​​(-0.22% to €22.59).

In earnings, only Jerónimo Martins (+0.61% to €19.92), who provided quarterly results last week, and NOS (+0.8% to €4.05) appeared in earnings.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

See also  Portugal is the sixth country in the world with the largest number of businesswomen
Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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