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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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'.
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.
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.
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.
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.
Assembleia da República Tables 14:00 Vote on Three New Lei dos Estrangeiros Restrictions — PSD-CDS Pin Passage on Chega for the Student-Visa Gate, the Parents-of-Minors Clause and the Tacit-Approval Cut
Parliament votes at 14:00 on three additional restrictions to the Lei dos Estrangeiros (Foreigners Law) tabled by PM Luís Montenegro. The PSD-CDS minority counts on Chega votes for the student-visa requirement, the parents-of-minors clause and the elimination of tacit residence approval.