Portugal stocks higher at close of trade; PSI up 0.40%

Portugal's stock market closed higher on Monday, driven by gains in the Consumer Services, Financials, and Basic Materials sectors, lifting the PSI to a three-month high. Among the top gainers, Jeronimo Martins rose 3.08% to 18.08, Ibersol added 1.10% to 10.10, and CTT Correios de Portugal increased 1.01% to 6.48. Conversely, Galp Energia saw a 2.28% drop to 21.43, while Mota Engil declined 0.31% to 4.50, and Ren Redes Energeticas Nacionais fell 0.28% to 3.54.

Rising stocks outpaced declining ones on the Lisbon Stock Exchange with a ratio of 15 to 9, and six stocks remained unchanged. Brent oil prices for November delivery slipped 2.21% to $90.62 per barrel. Meanwhile, crude oil for October delivery fell 2.53% to $84.86, and December Gold Futures rose 0.72% to $4,714.40 per troy ounce.

The EUR/USD exchange rate remained steady at 1.17, while EUR/GBP and the US Dollar Index Futures remained unchanged at 0.86 and 98.91, respectively.