Italy - Factors to watch on October 24

Acea SpA

24/10/2024 05:00

The following factors could affect Italian markets on Thursday.
    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 .
    
    DEBT
    Treasury announces sale of 6-month BOT bills, with relative
amounts to be auctioned on Oct. 29.
    
    COMPANIES
    INTESA SANPAOLO  ISP.MI  
    Italy's largest bank said on Wednesday it would save 500
million euros in staff costs starting from 2028 after reaching
an agreement with unions on Wednesday to fund an early
retirement scheme for 4,000 employees.
    
    UNICREDIT  CRDI.MI  
    The European Central Bank should evaluate any deal between
UniCredit and Germany's Commerzbank  CBKG.DE  purely based on
the solidity of the resulting bank rather than national
interests, ECB policymaker and Governor of the Bank of Italy
Fabio Panetta said on Wednesday.
    
    SAIPEM  SPMI.MI 
    The Italian energy contractor on Wednesday raised its
full-year guidance and confirmed its plan to resume dividend
payments next year, after beating expectations for third-quarter
results.
    Conference call on Q3 results (0830 GMT), followed by media
briefing with CEO Alessandro Puliti and CFO Paolo Calcagnini
(1000 GMT).
    
    TELECOM ITALIA  TLIT.MI  
    The company's chief of procurement was suspended and
replaced by another manager on Wednesday after his office was
searched as part of an Italian prosecutors' investigation into
alleged private corruption.
    
    STELLANTIS  STLAM.MI  
    Nearly 80 members of the U.S. Congress, including the
Senate's top two Democrats, on Wednesday urged the automaker to
honor its investment commitments that are part of its contract
with the United Auto Workers union.
    Production at Italy's Atessa, Europe's largest plant for
commercial vehicles, will increase from 650 to 800 units a day
from Nov. 4, thanks to positive market signals, the automaker
said on Wednesday.
    
    BANCA POPOLARE DI SONDRIO  BPSI.MI  
    Morningstar raised the long-term issuer rating to "BBB",
with "stable" trend. 
    
    ITALGAS  IG.MI 
    Board meeting on Q3 results, followed by conference call
(1400 GMT)
    
    MAIRE  MTCM.MI 
    Board meeting on Q3 results, followed by conference call
(1300 GMT).
    
    ENERGY
    Italy's northern region of Lombardy said on Wednesday it
would award concessions for two small hydroelectric power plants
by end-2025. ACEA  ACE.MI , Ascopiave  ASCI.MI  and Edison
 EDNn.MI  are among the bidders for one or both of the plants. 
    
        CHL  CHL.MI 
  
        De-listed as of Thursday.
  
    
    DIARY
    Economy Minister Giancarlo Giorgetti attends International
Monetary Fund (IMF), World Bank Group (WBG) and G20 meetings in
Washington.
    Rome, Prime Minister Giorgia Meloni meets European
Parliament President Roberta Metsola (1600 GMT).
    Pescara, G7 'Development' ministerial meeting ends.
    
    ((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/