Italy - Factors to watch on June 2
02/06/2023 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 posted on Thursday a state sector budget deficit of 16
billion euros ($17.61 billion) in May compared to a shortfall of
11.72 billion euros in the same month last year.
COMPANIES
AUTOGRILL AGL.MI
Dufry DUFN.S has secured around 94.3% of the Italian
caterer capital at the end of the exchange offer, Reuters
calculations based on provisional data by Borsa Italiana showed,
paving the way for the delisting of the Italian group.
STELLANTIS STLAM.MI
The car maker does not need the Italian state as a
shareholder as it is in good shape, its Chairman John Elkann
said on Thursday, responding to business lobby calls for Italy
to invest directly in the group.
The car maker said on Thursday it would invest 160 million
euros at its Rennes plant to launch a 100% electric compact
Sports Utility Vehicle (SUV) in 2025.
Stellantis held a 32.9% market share in Italy's car market
in May, Reuters calculations based on the data provided by the
transport ministry showed. Industry-wide car sales rose 23.13%
last month, the transport ministry said on Thursday.
TELECOM ITALIA (TIM) TLIT.MI
The telecoms' company statutory auditors called on the
Italian phone group to provide directors with detailed
informations over the ongoing bidding process of its prized
landline grid, two sources said on Thursday.
In a letter sent to TIM's chairman, the statutory auditors
asked for directors to be provided with documentations in order
to get a full picture of the process, including the expected
schedule to carry out a deal and valuation of the assets
involved in the transaction, the sources said.
Milan Stock Exchange After Hours market closed.
DIARY
Washington, Industry Minister Adolfo Urso ends his visit to
U.S.
Turin, "Economy International Festival" continues; ends on
June 4. On Friday expected attendees include EU Labour and
Social Rights Commissioner Nicolas Schmit (0900 GMT); Microsoft
MSFT.O Italian CEO Silvia Candiani (1000 GMT); dialogue with
Bank of Italy Vice Governor Alessandra Perrazzelli (1230 GMT);
Economy Ministry agency SACE Chief Economist Alessandro Terzulli
(1300 GMT); Aeroporti di Roma (ADR) Chairman Claudio De Vincenti
(1400 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/