PSI 20 gains 0.78 percent in late trading as Europe advances

PSI 20 rose to 9,427.10 points in Tuesday trading as Lisbon followed broader European gains and investors monitored bond markets.

The PSI 20 was trading at 9,427.10 points, up 0.78 percent at 12:23 p.m. WEST on October 6, according to Ground News. The Lisbon index moved higher in line with European markets, while investors monitored sovereign bond yields and political developments across the region.

Drivers of the day

European equities rose as euro zone bond yields eased after a recent advance, while the euro remained near a 17-month low amid political uncertainty in Spain and France, Reuters via Euronext reported. The broader European move provided the market backdrop for Lisbon trading.

Single stocks

Teixeira Duarte led the reported PSI gainers with a 2.17 percent rise, followed by EDP Renovables at 1.95 percent and Jeronimo Martins at 1.66 percent, according to Ground News.

What is next

The European Central Bank is scheduled to publish its weekly and monthly APP and PEPP updates at 3:00 p.m. CEST on October 7, according to the European Central Bank.

More market reports and analysis on the PSI 20