PSI-20 closes upwards in line with Europe. EDP ​​Renováveis ​​shines again

At the top of the hikes in the session is once again EDP Renováveis, which increased to + 2,23% to 13,74 points. EDP, on the other hand, closed up 1,14% to 4,54 euros. BCP and CTT stood out in decline, with declines of more than 1%.

The PSI-20 closed up 0,77% to 4.464,64 points. At the top of the hikes in the session is once again EDP Renováveis, which increased to + 2,23% to 13,74 points. EDP, on the other hand, closed up 1,14% to 4,54 euros.

Altri also stood out by increasing + 2,30% to 4,28 euros. Semapa (+ 1,99% to 8,22 euros) and Navigator (+ 1,12% to 2,17 euros) also had positive behavior. Mota-Engil also stood out in the green by gaining + 1,85% for 1,210 euros. Sonae increased + 1,66% to 0,6440 euros.

On the negative side, BCP, CTT and Novabase stood out. The bank lost -1,04% of its value when closing at 0,1051 euros per share. CTT fell -1,14% to 2,17 euros. Novabase fell -0,94% to 3,16 euros. Corticeira Amorim also dropped 0,79% to 10,10 euros.

Most European exchanges closed higher and close to session highs. “The revelation that industrial production in Italy had a surprising recovery in May was a positive point today,” said Ramiro Loureiro, Market Analyst at Millennium investment banking.

"Highlight for the volatility in oil prices, which were trading in the red in the face of IEA projections, but at the time of the closing of the European market, they rose by more than 1%", said the analyst.

In companies, the gains were transversal to all sectors in the Stoxx600 universe, with Healthcare being the exception.

The FTSE 100 rose 0,76% to 6.095,41 points; the CAC gained 1,01% to 4.970,5 points; DAX advanced 1% to 12.633,7 points; the FTSE MIB grew 1,34% to 19.767,6 points and the Spanish IBEX to gain 1,16% to 7.321,1 points.

EuroStoxx 50 appreciated 1,07% to 3.296,2 points.

Industrial production in Italy with a surprising record in May and France showing a recovery in industrial production in May, were the macroeconomic highlights.

The euro rose 0,25% to $ 1,1313.

In oil, Brent in London increased + 1,46% to $ 42,97 a barrel. This Friday, the International Energy Agency (IEA) revised upward forecasts for global oil demand this year, especially since the drop in the second quarter is less than expected. The study authors estimate that the global market will absorb an average of 92,1 million barrels of oil per day this year, ie 7,9 million barrels less than in 2019, but also 400.000 more barrels than they had estimated in June. The main reason for this is that demand in the second quarter was 82,9 million barrels per day, down 16,5 million barrels compared to the same period last year, which however was 1,5 million barrels higher than the forecast made just a month ago.

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