Portugal stocks higher at close of trade; PSI up 0.47%

Portugal's stocks closed higher on Monday, with gains from the Financials, Utilities and Technology sectors boosting the broader market. The PSI index saw a 0.47% increase, led by Banco Comercial Portugues, which rose 1.91% to 1.12, EDP Energias de Portugal SA which added 1.35% to 4.86, and Edp Renewables SA which climbed 1.14% to 12.46.

Conversely, CTT Correios de Portugal SA dropped 3.31% to 5.55, Galp Energia Nom Class B fell 0.67% to 22.36, and The Navigator Company SA declined 0.39% to 3.05. The Lisbon Stock Exchange saw 12 rising stocks for every 11 falling ones, with four others ending unchanged. CTT's share price reached a 52-week low, while EDP hit a three-year high.

Meanwhile, oil prices saw gains, with Brent oil up 2.08% to $106.90 per barrel, and crude oil for November delivery increasing 2.24% to $93.91. Gold futures slipped slightly, falling 0.67% to $4,188.10 per troy ounce. Currencies remained stable, with EUR/USD unchanged at 1.12, and EUR/GBP steady at 0.85. The US Dollar Index Futures showed a 0.33% increase, trading at 102.36.