Italy - Factors to watch on June 10

Acea SpA

10/06/2024 05:00

The following factors could affect Italian markets on Monday.
    Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
    
    For a complete list of diary events in Italy please click on
 IT/DIA .
    
    POLITICS
    Prime Minister Giorgia Meloni's arch-conservative Brothers
of Italy group won the most votes in this weekend's European
parliamentary election, initial results showed, boosting her
standing both at home and abroad.
    
    ECONOMY
    ISTAT releases April industrial output data (0800 GMT).
    
    DEBT
    Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on June 13.
    Treasury said on Friday it would offer up to 7.5 billion
euros in BOT bills at June 12 auction. 
    
    COMPANIES
    STELLANTIS  STLAM.MI 
    The car maker has preventively extended a recall of vehicles
with potentially faulty airbags to more Citroen and DS models,
as well as the Opel brand, a spokespeople told Reuters on
Friday.
    
    MONTE DEI PASCHI DI SIENA  BMPS.MI 
    Ahead of the expiry of the lockup period stopping the
Italian Treasury from selling new shares in the Tuscan bank,
Corriere della Sera on Sunday reiterated that one of the
possibilities being explored is to place shares with a selected
group of investors to create a more stable core of shareholders
than the investment funds that have bought into the share
placements so far.
    
    TELECOM ITALIA  TLIT.MI 
    The Italian economy ministry and the Spanish fund Asterion
are finalising an joint bid of around 800 million euros to be
presented to Tim for the purchase of Sparkle's submarine cable
network, daily Repubblica reported on Sunday. The Treasury would
take control of 51% of the company.
    
    TERNA  TRN.MI 
    The Italian power grid operator said on Friday it had
increased the amount of its Euro Medium Term Note Programme
(EMTN) to 12 billion euros. 
    
    PRYSMIAN  PRY.MI 
    The cable maker said it had approved the start of a program
to buy back a maximum of 375 million euros ($405.00 million)
worth of its shares.
    
    ACEA  ACE.MI 
    The Rome-based company has joined forces with Acquedotto
Pugliese to bid for 30% of Treausury-owned regional water group
Acqua del Sud, several Italian newspapers reported on Saturday. 
    
    IPO, FERALPI
    The Italian steelmaker has decided to freeze a plan to list
on the Milan bourse, Milano Finanza reported on Saturday, adding
the family-owned group has not set a new date for the project.

    DIARY
    Rome, Economy Minister Giancarlo Giorgetti delivers welcome
addresses at event "Improving human life and technology,
2024-2028 strategic plan and national platforms" (0800 GMT).
    Milan, ISPI holds event "G7 & the Rest: The Quest for
Economic Security" with Dutch Foreign Minister Daniel Kooij,
Peter Sandler from European Commission (1230 GMT).
    
    ((Milan newsroom, e-mail: reutersitaly@thomsonreuters.com))
    
    For Italian market data and news, click on codes in 
brackets:

    20 biggest gainers (in percentage)............ .PG.MI 
    20 biggest losers (in percentage)............. .PL.MI 
    FTSE IT allshare index  .FTITLMS 
    FTSE Mib index........  .FTMIB 
    FTSE Allstars index...  .FTSTAR 
    FTSE Mid Cap index....  .FTITMC 
    Block trades..........  .BLK.MI 
    Stories on Italy......  IT-LEN 
    
    For pan-European market data and news, click on codes in 
 brackets:
  European Equities speed guide................... EUR/EQUITY 
  FTSEurofirst 300 index.............................. .FTEU3 
  DJ STOXX index...................................... .STOXX 
  Top 10 STOXX sectors........................... .PGL.STOXXS 
  Top 10 EUROSTOXX sectors...................... .PGL.STOXXES 
  Top 10 Eurofirst 300 sectors................... .PGL.FTEU3S 
  Top 25 European pct gainers....................... .PG.PEUR 
  Top 25 European pct losers........................ .PL.PEUR 
 
  Main stock markets:
  Dow Jones............... .DJI   Wall Street report ..... .N 
  Nikkei 225............. .N225   Tokyo report............ .T 
  FTSE 100............... .FTSE   London report........... .L 
  Xetra DAX............. .GDAXI   Frankfurt market stories .F 
  CAC-40................. .FCHI   Paris market stories... .PA 
  World Indices..................................... 0#.INDEX 
  Reuters survey of world bourse outlook......... EQUITYPOLL1 
  Western European IPO diary.......................... WEUIPO 
  European Asset Allocation........................ EUR/ASSET 
  Reuters News at a Glance: Equities............... TOP/EQE 
  Main currency report:............................... FRX/ 


($1 = 0.9259 euros)