Markets Briefing
Markets, Business & Tech Briefing: PSI Surges 1.44%, NOS Jumps 5%, Sonae Backs Theker AI
The latest Portugal news, analysis, and what it means for expats and residents.
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Economy
Banco de Portugal Daily Activity Indicator Reads -5.1% on 3 June General Strike, Undercutting Government's 'Residual Participation' Account
The Banco de Portugal's Daily Economic Activity Indicator (DEI) registered a 5.1% year-on-year drop on 3 June 2026, the day of the general strike called by CGTP and UGT — contradicting the Governo's claim that participation had been 'residual'.
Housing
Câmaras Municipais Cull 10,324 Alojamento Local Licences for Missing Civil-Liability Insurance — Lisboa Carries 6,765 of the Cancellations
Municipalities have cancelled 10,324 alojamento local registrations for failing to prove mandatory civil-liability insurance, with Lisboa accounting for 65% of the total. ALEP estimates another 30,000 cancellations are still in the pipeline.
Justice
Procuradoria-Geral da República Adopts Ethics Charter Barring Magistrates From AI Conviction-Prediction and Recidivism-Scoring Models
The Procuradoria-Geral da República has approved a binding Carta para a Utilização Ética da Inteligência Artificial that forbids prosecutors from using AI to forecast conviction probability, score recidivism risk, or recommend pretrial detention.
Lisbon
Câmara Municipal de Lisboa Locks 13 June Traffic Plan for Procissão de Santo António — Alfama, Sé and Castelo Streets Close 16:30 to 19:00 as the 20-Largo Loop Carries the Patron Saint's Image Back to the Igreja de Santo António
Câmara Municipal de Lisboa (CML, Lisbon City Council) has published the street-by-street traffic plan for the Procissão de Santo António (Saint Anthony's Procession) on Saturday, 13 June 2026 — the religious cortejo that anchors the city's Festas de...
Banco de Portugal
Banco de Portugal Governor Álvaro Santos Pereira Pushes Mortgage Taxa de Esforço Cap From 50% to 45% and Extends the Under-35 Maturity Ladder to 40 Years — Macroprudential Recommendations Head Toward Binding-Rule Status
Governor Álvaro Santos Pereira wants the mortgage taxa de esforço cap lowered from 50% to 45%, the bank-level exception envelope cut from 15% to 10%, and the maximum maturity stretched to 40 years for borrowers under 35. He also asked parliament to make the rules binding.
Mundial 2026
Câmara Municipal de Lisboa and FPF Switch On the Lisbon Football Arena at Terreiro do Paço on 11 June — Free-Entry Fan Zone Runs 39 Days Through 19 July With One to Two Daily Mundial 2026 Broadcasts
CML and the FPF (Portuguese Football Federation) switch on the Lisbon Football Arena at Terreiro do Paço on 11 June. The free fan zone runs 39 days through 19 July with one to two daily Mundial 2026 broadcasts inside the FPF's Pintar Portugal frame.