Italy - Factors to watch on May 20

Acea SpA

20/05/2024 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
    U.S. Treasury Secretary Janet Yellen will push fellow G7
finance officials next week to agree to a plan to bring forward
the interest earnings on frozen Russian assets to provide more
money to Ukraine quickly, a senior U.S. Treasury official said
on Friday.
    
    COMPANIES
    UNICREDIT  CRDI.MI  
    A Russian court ordered that 462.7 million euros ($502.77
million) of UniCredit's assets, accounts, property and shares in
subsidiary companies be seized as part of a lawsuit involving
the Italian bank, according to court documents.
    UniCredit is preparing an appeal against the Russian court's
move, Il Messaggero reported on Sunday. 
    Italy's foreign minister and officials will meet on Monday
to discuss Russia's recent action to seize assets or impose
restrictive measures on Italian companies including UniCredit,
sources with knowledge of the matter said.
    Eurozone lenders with operations in Russia will have to
present an action plan for their assets in the country by June,
the Financial Times reported during the weekend.
    UniCredit is set to pick former Eurovita's special
administrator Alessandro Santoliquido to lead the bank's
insurance business, Milano Finanza reported over the weekend.
CEO Andrea Orcel has recently indicated that the lender intends
to internalise its life insurance business.
    
    STELLANTIS  STLAM.MI 
    Italian fiscal police seized more than 130 Fiat cars
imported from Morocco this week on the grounds that a sticker
with the colours of the Italian flag on their doors could give a
false indication of their origin, a spokesman for Stellantis in
Italy said on Saturday.
    
    ITALGAS  IG.MI 
    The group has submitted a preliminary offer of over 5
billion euros for rival 2i Rete Gas, Milano Finanza reported
over the weekend, adding that Italga's investor CDP Reti could
devote 1 billion euro to support the acquisition.
    
    ACEA  ACE.MI 
        Italian utility ACEA said on Sunday it had submitted an
offer for the concession to build and operate Rome's
waste-to-energy plant.
  
    
    JUVENTUS  JUVE.MI 
    The Italian Serie A club sacked coach Massimiliano Allegri
over his behaviour during and after this week's Coppa Italia
final in which he was sent off, Juventus said on Friday.
    Paolo Montero will take charge of Serie A side Juventus for
the remainder of the season, the club said on Sunday following
the dismissal of Massimiliano Allegri.
    
    DIARY
        Rome, "Y7 Italy summit" starts (0800 GMT); ends on May
24. On Monday opening ceremony Foreign Minister Antonio Tajani,
Sport and Youth Minister Andrea Abodi, U.N. food agency FAO
Director General Qu Dongyu (0800 GMT); at panel expected
attendees include illimity Bank  ILTY.MI  CEO Corrado PAssera
(1230 GMT).
  
    Milan, 105th industrial sector analysis report presentation
"Consumption in Italy: what opportunities for manufacturing in
the horizon to 2028" (0900 GMT).
    Venice, 20th edition "FT Business of Luxury Summit" starts
(0700 GMT); ends on May 21. On Monday expected attendees include
Prada  1913.F  Group CEO Andrea Guerra (0710 GMT), Estée Lauder
Companies  EL.N  Chairman Stephane de La Faverie (0830 GMT),
Investindustrial President Andrea Bonomi (1000 GMT), Louis
Vuitton  LVMH.PA  Watches and Jewellery Artistic Director
Francesca Amfitheatrof (1045 GMT), Christie's EMEA President
Anthea Peers (1215 GMT), Yves Saint Laurent Chairwoman and CEO
and Kering  PRTP.PA  Deputy CEO Francesca Bellettini (1500 GMT).
    Venice, event "Space Meetings Veneto" starts (to May 22); on
Monday expected attendees include at opening ceremony Italian
Space Agency (ASI) President Teodoro Valente, Industry Minister
Adolfo Urso (0815 GMT); Civil Aviation Authority (ENAC)
President Pierluigi Umberto Di Palma (1000 GMT); AVIO  AVI.MI 
CEO Giulio Ranzo (1600 GMT); Industry Deputy Minister Valentino
Valentini (1700 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 = 0.9203 euros)