Investor sentiment was further boosted by Donald Trump's pause on tariffs for imported smartphones, computers, and chips, impacting $390 billion worth of imports.

Overall, out of the 15 stocks in the main Portuguese index, ten were up, three were down, and two remained unchanged, indicating a generally optimistic market.

This upward momentum in Lisbon mirrored gains from major European exchanges, buoyed by expectations of tariff relief from the Trump administration on the automotive sector.

However, analysts noted that negative sentiment still lingers in Europe due to China's recent decision to increase tariffs on U.S. goods, effective April 12, 2025.

Galp saw a slight increase of 0.04% to €12.73, aided by a positive recommendation from Mediobanca and rising international oil prices.

In contrast, NOS shares declined by 3.76%, ending at €4.10, although the company is expected to highlight one of the highest dividends in Europe next week.

The rise in European markets is attributed to Trump's suspension of import tariffs on various consumer electronics, although new tariffs on semiconductors are anticipated.

In the energy sector, investor interest in a potential merger between EDP and Naturgy, despite Naturgy's denial of such rumors, contributed to price boosts for EDP and EDP Renováveis.

As a result, defensive sectors, including utilities and healthcare, showed the most gains across the Stoxx 600 index, reflecting a cautious investor sentiment.

Market analysts highlighted that the optimistic atmosphere spans all sectors, particularly cyclical ones such as Banking, Energy, Technology, and Natural Resources.

The Lisbon stock market opened positively on April 14, 2025, with the PSI index rising by 1.3%, reflecting a broader recovery trend in European markets.

Despite this, analysts from Alantra Equities and BCP Paribas expressed skepticism about Galp's performance, lowering their price targets.