Italy - Factors to watch on September 27

Aeffe SpA

27/09/2024 05:00

The following factors could affect Italian markets on Friday.
    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 .
    
    ECONOMY
    Italy is targeting 1% economic growth this year and 1.2% in
2025 and has revised down its deficit goals as a proportion of
gross domestic product (GDP) for both this year and next,
sources said ahead of the publication of the figures on Friday.
    ISTAT releases July industry sales data (1000 GMT) and
August producer prices data (0900 GMT).
    
    DEBT
    Treasury sells 2.0-2.5 billion euros 3.00% BTP bonds due
Oct. 1, 2029; 3.0-3.5 billion euros 3,85% BTP bonds due Feb. 1,
2035; 0.75-1.0 billion euros 3.00% BTP bonds due Aug. 1, 2029;
1.25-1.75 billion euros CCTeu bonds due Oct. 15, 2030.
Subscriptions close at 0900 GMT.
    
    COMPANIES
    ENI  ENI.MI 
    Suitors have approached the energy company over the
potential sale of a second stake in its biofuel unit Enilive as
the Italian group discusses the final details of a deal to sell
a stake in the unit to KKR  KKR.N , two sources said on
Thursday.
    
    UNICREDIT  CRDI.MI     
    Commerzbank  CBKG.DE  will hold a first round of talks with
UniCredit on Friday, the German bank's designated CEO Bettina
Orlopp said on Thursday, as the Italian lender presses for a
possible tie-up and its rival hones its defence.
    Just minutes before Orlopp spoke, Commerzbank put out a
statement saying its supervisory and management boards
unanimously agreed to support the bank's current strategy of
independence, and increased profit and payout targets to woo
investors.
    Italian Deputy Prime Minister Matteo Salvini said on
Thursday he would not want UniCredit to shift its legal base to
Germany as part of a possible deal with Commerzbank, and that
Rome was still considering its position on a tie-up.
    
    ASCOPIAVE  ASCI.MI , ITALGAS  IG.MI 
    The regional utility is aiming to grow further in the gas
distribution market and is ready to bid for assets that Italgas
 IG.MI , Europe's biggest gas distributor, may be forced to sell
on antitrust grounds if its acquisition of main domestic rival
2i Rete Gas goes through.
    
    AEFFE  AEF.MI 
    The fashion group has agreed to transfer the ownership of
its 'Moschino' brand in relation to a range of products such as
cosmetics and perfumes to Euroitalia for 98 million euros ($110
million), it said on Thursday.
    
    JUVENTUS  JUVE.MI 
    Board meeting on FY results.
    
    DIARY
        Assogestioni releases August fund flows data (0900 GMT).
  
    Rome, Cabinet meeting (0900 GMT).
        Milan, ITA Airways holds news conference on H1 with
Chairman Antonino Turicchi, Director General Andrea Benassi, CFO
Claudio Faggiani (0930 GMT).
  
    Naples, Industry Minister Adolfo Urso attends last of
two-day metal and mechanics industry body Federmeccanica general
meeting.
    Siracusa, G7 'Agriculture' ministerial meeting continues;
ends on Sept. 28.
    Turin, 'Tech Week' ends (0730 GMT); on Friday expected
attendees include Zalando  ZALG.DE  co-Founder and co-CEO Robert
Gentz, Milan Stock Exchange Chairwoman Claudia Parzani, Telecom
Italia (TIM)  TLIT.MI  CEO Pietro Labriola, Ferrari  RACE.MI 
CEO Benedetto Vigna, ZEST  ZEST.MI  Chairman Marco Gay.
    Vico Equense, builders' association ANCE holds conference
with President Federica Brancaccio, Justice Minister Carlo
Nordio.
    
    ((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/