Only Corticeira Amorim escapes the 'red tide' that drag PSI20 and Europe – The Economic Journal


The main Portuguese stock index, PSI 20, closed the session on Thursday to depreciate 1.78%, to 5,107.86 points, following the European red trend.

In Portugal, only Corticeira Amorim managed to escape a negative wave that plagued the main Portuguese companies, growing 0.97%, to 10.40 euros, after the company reported higher than expected results. Revenues rose 9% over the same period last year, with the cork stopper growing at 11% a year and the unit seeing coatings continuing to underperform.

Sinking the PSI 20 was the CTT, with 3.57%, to 2.32 euros, the BCP, which fell 3.30%, to 0.24 euros, and after closing will present its quarterly results . Semapa depreciated 2.77% to 13.36 euros and the NOS fell 2.48% to 5.71 euros.

European markets have already closed with sharp losses, fueled by uncertainty over the talks between China and the United States after President Donald Trump's fiery declarations that have persuaded many investors to lower their exposure to stock markets.

The US president has accused China of having broken "the agreement" and that it will have to "pay for it." Donald Trump added that "the United States will not budge as long as China does not stop fooling American workers and stealing their jobs." Negotiations between the delegations of the two countries begin today.

All of the players quit the session on Thursday in the 'red'. In Germany, the DAX fell 1.65% in the United Kingdom, the FTSE 100 fell 0.92%, the French CAC 40 depreciated 1.93%, the Dutch AEX depreciated 1.67%. In Spain, the IBEX35 fell 1.43% and the Italian FTSE MIB fell 1.76%.

Brent's barrel fell 0.64% to $ 69.92, while WTI crude fell 1.13% to $ 61.42 a barrel.

In the foreign exchange market the euro appreciated 0.35% to $ 1.12.



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