Italy - Factors to watch on March 2

Ariston Holding

02/03/2023 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 .
    
    POLITICS
    Italian Prime Minister Giorgia Meloni on Wednesday called on
fellow European Union leaders to do more to halt illegal
immigration and prevent further tragedies at sea, after dozens
of people were killed in a shipwreck off Italy.
    
    ECONOMY
    Italy posted a state sector budget deficit of 14.7 billion
euros ($15.69 billion) in February compared to a shortfall of
4.3 billion euros in the same month last year, the Treasury said
in a statement on Wednesday.
    ISTAT releases January unemployment rate data (0900 GMT) and
February CPI flash data (1000 GMT).    
    
    DEBT
    Italy's Treasury may raise around 10 billion euros, in line
with the previous two issues last year, in a new BTP Italia bond
next week, a source close to the matter said on Wednesday.
    
    COMPANIES
    UNICREDIT  CRDI.MI 
    Italy's second-largest bank will put to a shareholder vote a
proposal by its board to raise the compensation of Chief
Executive Andrea Orcel by 30%, a person with knowledge of the
matter said on Wednesday.
        
    TELECOM ITALIA (TIM)  TLIT.MI 
    Italy's government is closely monitoring the developments of
a non-binding approach by U.S. fund KKR  KKR.N  for the former
phone monopoly's fixed network assets, in full respect of the
company's independence and so-called golden power legislation,
Industry minister Adolfo Urso told lawmakers on Tuesday.
     TIM's top investor Vivendi  VIV.PA  has showed a
cooperative approach in talks with the government, which could
ease a solution for TIM, Urso added.
    
    STELLANTIS  STLAM.MI 
    The car maker announced on Wednesday it had reached an
agreement with Turkey's Koc Holding  KCHOL.IS  aimed at further
expanding their joint venture Tofas which includes a change of
the ownership structure of a local distribution unit.    
    Stellantis held a 31.84% market share in Italy's car market
in February, Reuters calculations based on the data provided by
the transport ministry showed. Industry-wide car sales rose
17.54% last month, the transport ministry said.
    
    MAIRE TECNIMONT  MTCM.MI 
    'Capital Markets Day' "UNBOX the FUTURE" (0930 GMT) in
Milan.
    
    ARISTON GROUP  ARIS.MI 
    Board meeting on FY results, followed by conference call
(1300 GMT).
    
    BREMBO  BRBI.MI 
    Board meeting on FY results (0830 GMT), followed by
conference call (1330 GMT).
    
    SALVATORE FERRAGAMO  SFER.MI 
    Board meeting on FY results, followed by conference call
(1700 GMT).
    
    INWIT  INWT.MI 
    Board meeting on FY results.
        
    PIAGGIO  PIA.MI 
    Board meeting on FY results, followed by conference call.
    
    DIARY
    Delhi (India), Prime Minister Giorgia Meloni and Foreign
Minister Antonio Tajani end their visit; Meloni at bilateral
meeting with Indian Prime Minister Narendra Modi; meets Indian
Republic President Droupadi Murmu; delivers opening address at
7th edition "Raisina Dialogue" conference.
        Rome, Economy Minister Giancarlo Giorgetti speaks via
video conference before Chamber of Deputies and Senate Budget
committees on EU Commission's communications on guidelines for a
reform of the EU economic governance framework (1300 GMT).
    Rome, CyberSec2023 "New domains, hybrid wars and
co-operation" ends (0815 GMT); on Thursday expected attendees
include Industry Minister Adolfo Urso (0830 GMT), Foreign Deputy
Minister Edmondo Cirielli (0845 GMT), Aldo Sebastiani from
Leonardo  LDOF.MI  (0900 GMT); Senate Deputy Speaker Maurizio
Gasparri delivers closing remarks at morning session (1000 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/