Italy - Factors to watch on Dec. 23

Askoll Eva SpA

23/12/2024 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
    A court on Friday acquitted Italian Deputy Prime Minister
Matteo Salvini of charges of kidnapping over 100 migrants aboard
a boat he had blocked at sea for nearly three weeks in 2019, as
part of a policy to curb irregular arrivals.
     Italian Prime Minister Giorgia Meloni on Sunday said she
was happy with the current interior minister, Matteo Piantedosi,
after a court ruling cleared the way for Deputy Prime Minister
Matteo Salvini to potentially take that role.
    Russia poses a bigger threat to European Union security than
just defence as Moscow can use illegal immigration and other
issues to undermine the bloc, Italian Prime Minister Giorgia
Meloni said on Sunday.
        
    DEBT
    Italy's medium- to long-term gross funding needs will fall
in 2025 to between 330 billion euros($344.26 billion) and 350
billion from around 377 billion this year, the Treasury
estimated on Friday in its debt guidelines for next year.
    
    ECONOMY
    Italian state railways Ferrovie dello Stato plans to invest
1.3 billion euros ($1.4 billion) in a photovoltaic plant with an
initial 1 gigawatt (GW) capacity that would cover 19% of its
energy needs by 2029, the CEO said in a newspaper interview.
    ISTAT releases November non-EU foreign trade data (0900
GMT).
        
    BANKS
    The Bank of Italy said on Friday it had confirmed its
countercyclical capital buffer (CCyB) for the country's lenders
at zero for the first quarter of next year.
    
    COMPANIES
    NEXI  NEXII.MI 
    U.S. fund TPG could be interested in some of the assets the
payments firm holds in its Digital Banking Solutions division,
as state investor CDP considers purchasing the division's main
asset, the interbank network that allows banks to net customers'
transactions, Corriere della Sera said on Sunday.
    
    UNICREDIT  CRDI.MI 
    Goldmans Sachs cut its stake in the Italian bank to 0.87% as
of Dec. 13 fom 5.58% on Dec. 9, a bourse filing showed on
Friday.
    Intesa CEO Carlo Messina told the Financial Times on Sunday
that whatever the outcome of UniCredit's bid for Banco BPM "a
third big player will emerge in Italy regardless, as the market
will seek this." Messina said governments should stay out of
bank mergers, unless financial stability is at stake, and let
shareholders decide.
    
    INTESA SANPAOLO  ISP.MI  
    CEO Messina also said in the FT interview the bank had
invested more than 30 million euros to set up a new internal
controls system and segregate politicians' accounts after a data
breach caused by a rogue employee.
    
    SNAM  SRG.MI 
    CEO Stefano Venier told la Repubblica on Sunday the LNG
(liquified natural gas) terminal the gas grid group is planning
in Ravenna will be in place in February, when the floating
storage and regasification unit will dock, and will start
commercial operations in April.
    
    TELECOMS
    Swisscom's  SCMN.S  planned acquisition of Vodafone Italia
 VOD.L  has been cleared by Italy's competition watchdog and its
industry ministry, the Swiss telecoms group said.
    
    FTSE share indexes revision effective as of Monday.
    
    
    Bourse After Hours market closed.
    
    ASKOLL EVA  EVAS.MI 
    Ends capital increase.
    
    G RENT  GSRE.MI 
    Ends capital increase. 
    
    DIARY
        Rome, Cabinet meeting.
  
    
    ((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/