Portugal stocks lower at close of trade; PSI down 0.07%

Portugal's stock market saw a decline at the close of trade on Friday, with the PSI falling by 0.07%. The Telecoms, Consumer Services, and Financials sectors were the primary drivers of the losses. Edp Renewables SA emerged as the top gainers, climbing 5.84% or 0.80 points to 14.49, while Mota Engil SGPS SA and Altri SGPS SA also posted positive results, with gains of 1.49% and 0.96% respectively.

Conversely, Galp Energia Nom, Sonae SGPS SA, and Nos SGPS SA were among the worst performers, with declines of 3.15%, 2.20%, and 1.54% respectively. Out of the 27 stocks traded, 16 fell while 11 gained, and 4 remained unchanged. Brent oil prices for January delivery experienced a 0.96% drop to $97.35 a barrel, while December crude oil and December gold futures contracts also saw a decrease in value.

EUR/USD weakened by 0.61% to 1.12, and EUR/GBP remained unchanged at 0.83. The US Dollar Index Futures, however, rose by 0.63% to 102.06.