Italy - Factors to watch on April 19
19/04/2023 05:00
The following factors could affect Italian markets on Wednesday.
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
Italian bank loans to families and firms rose by 0.5% in
March from the year before, slowing from a 1% increase in
February due to interest rate hikes by the European Central
Bank, the country's banking association ABI said on Tuesday.
Italy's Treasury said on Tuesday it would sell up to 5
billion euros in bonds at an auction on April 21.
Bank of Italy releases February data on foreign investors
holdings of Italian government bonds.
COMPANIES
BANKS
The European Union on Tuesday proposed making it harder for
states to pour billions of euros of aid into an ailing bank, as
Italy did with Monte dei Paschi di Siena six years ago.
BANCO BPM BAMI.MI
Italy's third-largest bank said on Tuesday it was looking to
partner with a flagship market player to enhance its digital
payments business.
TELECOM ITALIA (TIM) TLIT.MI
The Italian phone group said late on Tuesday it had received
two new non-binding offers from the rival groups seeking to buy
its landline grid and submarine cable unit Sparkle. TIM said its
board will review the bids, on which it gave no details, on May
4.
Two sources close to the matter said Italian state lender
Cassa Depositi e Prestiti (CDP) and Macquarie MQG.AX are
offering 19.3 billion euros, and another source said rival KKR
KKR.N is offering 21 billion euros, including 2 billion euros
from an earnout mechanism.
CUCINELLI BCU.MI
Sales at the Italian luxury group rose 33% at constant
exchange rates in the first quarter, driven by strong growth in
the Americas and a rebound in Asia.
ENEL ENEI.MI
Mondrian Investment Partners, which holds 1.7% of Enel
shares, added its voice on Tuesday to shareholder criticism over
the process of renewing the board of Italy's biggest utility.
ENI ENI.MI
The energy group said on Tuesday on Italy's state-owned
energy exchange GME platform that due to a planned maintenance
on Libya's Mellitah complex, gas flows to Italy would be
materially reduced and could gradually go to zero.
BIALETTI BIA.MI
The company said on Tuesday that the independent auditor
report on its 2022 results had highlighted uncertainty on its
business continuity.
MFE-MEDIAFOREUROPE NV MFEA.MI MFEB.MI
Releases FY results (before Bourse opening), followed by
conference call (0700 GMT).
SAIPEM SPMI.MI
Board meeting on Q1 results.
OVS OVS.MI
Board meeting on FY results (closed on Jan. 31).
BANCA GENERALI BGN.MI
Annual general meeting (0730 GMT).
AUTOGRILL AGL.MI
Annual general meeting (0930 GMT).
TOD'S TOD.MI
Annual general meeting (0900 GMT).
MAIRE TECNIMONT MTCM.MI
Annual and extraordinary shareholders' meetings (1430 GMT).
PRYSMIAN PRY.MI
Annual and extraordinary shareholders' meetings (0700 GMT).
DIARY
President Sergio Mattarella ends official visit to Poland
and Slovakia.
Brussels, Economy Minister Giancarlo Giorgetti meets EU
Competitiveness Commissioner Margrete Vestager (1100 GMT).
Rome, The European House Ambrosetti and trade association
Confcommercio end forum "Market players and scenarios for the
2000s"; on Wednesday expected attendees include Labour Minister
Marina Elvira Calderone, Agriculture Minister Francesco
Lollobrigida, Foreign Minister Antonio Tajani, Transport
Minister Matteo Salvini, Industry Minister Adolfo Urso (0700
GMT), state-run power management agency Gestore Servizi
Energetici (GSE) President Paolo Arrigoni, energy authority
ARERA President Stefano Besseghini.
Rome, Industry Minister Adolfo Urso delivers closing address
at "Digital Health Forum" (1000 GMT).
Rome, International Olympic Committee (CIO) President Thomas
Bach starts his visit (to April 21).
Milan, Intesa Sanpaolo ISP.MI holds news conference on
"Intesa Sanpaolo's role in supporting a sustainable ecological
transition. Energy communities" (0900 GMT); expected attendees
include state-run power management agency (GSE) President Paolo
Arrigoni, Intesa Sanpaolo Chief Economist Gregorio De Felice,
Economy Ministry agency SACE CEO Alessandra Ricci.
((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/