Italy - Factors to watch on April 11
11/04/2023 05:00
The following factors could affect Italian markets on Tuesday.
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's government plans to cut its 2024 economic growth
forecast, people familiar with the matter said, as it weighs the
negative impact of rising interest rates and difficulties in
spending EU post-COVID recovery funds.
Italy is likely to confirm its budget deficit targets for
this year and next, people familiar with the matter said, as the
Treasury aims for tighter fiscal policy to limit the impact of
rising euro zone interest rates.
Bank loans to companies in Italy declined sharply between
November and February as demand weakened and interest rates
rose, the Bank of Italy said on Friday.
COMPANIES
ENEL ENEI.MI
Italy's biggest utility said on Friday it agreed to sell its
equity stakes in two Peruvian assets for $2.9 billion to China
Southern Power Grid International (CSGI).
TELECOM ITALIA (TIM) TLIT.MI
Top investor Vivendi has criticised the mechanism to award
salary bonus payments for the chief executive and the top
management of Italy's biggest phone group, two sources familiar
with the matter said on Friday.
AUTOGRILL AGL.MI
Swiss duty-free retailer Dufry's takeover bid on the Italian
caterer will start on April 14 to end on May 15 after a green
light from Italy's watchdog CONSOB.
EDISON EDNn.MI
The Italian energy group, a unit of France's EDF, has
started a process to sell its natural gas storage business, with
an aim to raise between 600-800 million euros, daily Il
Messaggero said on Saturday. The group has picked Credit
Agricole as its advisor and an auction is expected to be
launched soon, the report said, adding Italian gas grid operator
Snam could be interested in the deal.
JUVENTUS JUVE.MI , LAZIO LAZI.MI
Lazio beat Juventus 2-1 at home on Saturday as the Rome side
consolidated second place in Serie A.
DIARY
Rome, Chamber of Deputies holds general discussion on the
bill on fair compensation for professional services (1200 GMT).
Rome, Cabinet meeting on 'Interventions to support capital
market competitiveness' and Economic and Financial Document
(DEF) (1300 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/