Lisbon Stock Exchange is the only one that falls in Europe

The valuations of EDP Renováveis ​​and Galp of more than 1% did not prevent the fall of the Lisbon index. Europe closes in the green.

José Manuel Ribeiro / Reuters

The PSI-20 fell 0,15% to 5.069,74 points and was the exception to European gains in Wednesday's session. The drop was not even greater because the shares of EDP Renováveis ​​and Galp closed with gains of more than 1%. The first rose 1,06% to 23,75 euros and the second rose + 1,02% to 9,32 euros.

Leading the losses were the shares of Corticeira Amorim (-2,46% to 11,10 euros) and CTT (-2,14% to 2,52 euros). Retailers Jerónimo Martins and Sonae also closed down. The first fell -1,07% to 14,37 euros and the second fell -1,05% to 0,7100 euros.

BCP shares fell -0,62% to 0,1274 euros on the day that in the USA another bank presented accounts, Morgan Stanley. The bank on Wednesday reported a net profit of $ 3,48 billion in the fourth quarter of 2020, which equates to $ 1,81 per share.

In Europe, EuroStoxx 50 increased 0,80% to 3.624 points and Stoxx 600 advanced 0,71%.

In European markets, the FTSE 100 rose 0,41% to 6.740,4 points; CAC advanced 0,53% to 5.628,4 points; the DAX gained 0,77% to 13.921,4 points; the FTSE MIB in Milan closed to gain 0,93% to 22.650,8 points and the IBEX closed on positive ground at 8.204,1 points (+ 0,06%).

“Most European exchanges end on a high, on the first day of Joe Biden's presidency in the USA. The national index was an exception, as it was punished by the devaluations of CTT, Sonae and BCP ”, highlights the market analyst at Millennium BCP, Ramiro Loureiro.

“In the Stoxx600 universe, the gains were transversal to almost all sectors. Highlight for Germany, which reinforced and extended the restrictions until February 14, in an attempt to reduce the spread of the coronavirus ”, says the same analyst.

In macroeconomic terms there is some relevant data. In Portugal, and until November 2020, the combined current and capital account balance was close to balance, having registered a small surplus of 5 million euros, which compares with the surplus of 1783 million euros in the same period. 2019, revealed the Bank of Portugal.

The Employment Statistics of the IEFP say that at the end of December 2020, 402.254 individuals were registered in the Employment Centers, which corresponds to a year-on-year change of 29,6%.

Then came the forecasts for the Portuguese economy - Covid-19 Universidade Católica Portuguesa. The forecasts of the Católica Lisbon Forecasting Lab - NECEP, released today, estimate for 2020 a contraction of the GDP of the Portuguese economy of 8,4%.

In Europe, Eurostat released an inflation figure - HICP. In December 2020, the annual inflation rate in Portugal was -0,3%, 0,1 pp higher than the previous month. In the Eurozone, the annual inflation rate stood at -0,3%, remaining constant compared to the previous month.

The EU27 annual inflation rate stood at 0,2% year-on-year, in December 2020, remaining unchanged from the November figure. The monthly variation of the index was 0,3% and 0,3% in the Eurozone and the EU27, respectively.

The rate of change in the annual average of the last 12 months of the HICP was -0,1% for Portugal, 0,3% for the euro area and 0,7% for the EU at 27.

Finally, we highlight the data from ACEA (European Automobile Association), which shows that in 2020, sales of passenger cars in the European Union decreased by 23,7%, compared to the previous year.

Yesterday the Securities Market Commission (CMVM) published the "Risk Outlook" for 2021, it is said that the Portuguese stock market meets the minimum to integrate the list of developed markets, being at risk of falling to the status of emerging . It has only five companies with a market capitalization of more than 2,8 billion euros, including the Spanish Merlin. The theme makes news today in Business.

Brent oil, in London, values ​​0,79% to $ 56,34 a barrel.

The euro fell 0,21% to $ 1,2103.

Germany's public debt has 10-year interest rates falling 0,24 basis points to -0,53%. Portugal, on the other hand, sees an increase of 1,4 basis points in interest to a yield of 0,02%. Spain sees interest rates rise 0,63 basis points to 0,07% and Italy with interest rates rising 3,05 basis points to 0,62%.

The Treasury and Public Debt Management Agency (IGCP) held this Wednesday a double short-term debt auction (at six and 12 months), once again being able to finance itself at negative rates, the lowest ever in both maturities.

Portugal placed 750 million euros in securities with maturity in January 2022 (12 months), with the yield set at -0,522%. In September, IGCP had placed 1,25 billion in 12-month Treasury Bills at a rate of -0,497%.

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