Italy - Factors to watch on March 9
09/03/2023 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 said on Wednesday that
European Union leaders needed to take firm action on migration
after a shipwreck killed at least 72 people off the Italian
coast last month.
ECONOMY
Bank of Italy releases January data on Italian residents
deposits with domestic banks, banks lending to non-financial
companies and gross bad loans at Italian banks.
DEBT
Italy sold 8.56 billion euros of its latest BTP Italia
inflation-linked bond due in March 2028 in the three days of a
retail offer, data by Italy's bourse showed on Wednesday.
Treasury holds offer of 5-year new BTP Italia index-linked
bond reserved to institutional investors.
Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on March 14.
COMPANIES
STELLANTIS STLAM.MI
Italy's largest automotive groups, led by Fiat-maker
Stellantis, and unions on Wednesday signed an agreement for a
6.5% salary increase from this month for workers at their
Italian operations to counter the effects of soaring inflation.
Stellantis said on Wednesday it had reached a preliminary
agreement with South African authorities to build a production
site, its first in the country, by the end of 2025.
SNAM SRG.MI
An Italian administrative court has postponed to July 5 a
decision over a complaint against a new liquefied natural gas
(LNG) terminal in the Tuscan port of Piombino, the court said on
Wednesday. The infrastructure is seen by the government as key
to helping wean Italy off Russian gas. Italian gas grid operator
Snam is in charge for the project.
TELECOM ITALIA TLIT.MI
The rival bids for the network of Telecom Italia (TIM) are
too low, the chief executive of leading TIM shareholder Vivendi
VIV.PA said on Wednesday.
The French media group reported an annual loss attributable
to shareholders of 1.01 billion euros ($1.07 billion), mainly
due to the deconsolidation of Telecom Italia, after a profit of
24.69 billion euros in 2021.
INWIT INWT.MI
Shares in Italy's telecoms tower company rose around 4%
after a sudden spike which a trader linked to a report in deals
website Betaville, saying that INWIT has drawn bid interest from
an unnamed suitor, citing sources.
EDISON EDNn.MI
EDF EDF.PA has been in contact with potential advisers
that may assist the French power giant to review strategic
options for its Italian subsidiary Edison as it seeks ways to
cut debt after a record loss, two sources said.
BANCA GENERALI BGN.MI
The Italian asset manager's total net inflows in February
were at 442 mln euros, a statement released on Tuesday said.
LEONARDO LDOF.MI
Saudi Arabian operator THC will expand its fleet of
Leonardo's AW139 helicopters to boost search and rescue (SAR),
emergency medical services (EMS) and corporate transport in the
country, the Italian defence group said on Wednesday.
Board meeting on FY results.
DANIELI & C DANI.MI
Board meeting on H1 results.
AZIMUT HOLDING AZMT.MI
Board meeting on FY results.
BPER BANCA EMII.MI
Board meeting on FY results (preliminary FY results released
on Feb. 8).
ITALGAS IG.MI
Board meeting on FY results, followed by conference call
(1500 GMT).
PRYSMIAN PRY.MI
Board meeting on FY results, followed by conference call
(1500 GMT).
AUTOGRILL AGL.MI
Board meeting on FY results (revenues released on Feb. 15)
followed by conference call (1500 GMT).
GEOX GEO.MI
Board meeting on FY results (preliminary FY results released
on Feb. 2) followed by conference call (1645 GMT).
BANCA IFIS IF.MI
Board meeting on FY results (preliminary FY results released
on Feb. 9).
CREDITO EMILIANO EMBI.MI
Board meeting on FY results (preliminary FY results released
on Feb. 6).
ILLIMITY BANK ILTY.MI
Board meeting on FY results (preliminary FY results released
on Feb. 9).
SAFILO GROUP SFLG.MI
Board meeting on FY results (preliminary FY results released
on Jan. 26).
PRADA 1913.F
Conference call on FY results (1300 GMT).
DIARY
Rome, Economy Minister Giancarlo Giorgetti receives German
counterpart Christian Lindner (1100 GMT).
Rome, tax agency holds event 'Results achieved in 2022 and
future prospects" with Director Ernesto Maria Ruffini, Economy
Minister Giancarlo Giorgetti, Economy Deputy Minister Maurizio
Leo (0900 GMT).
Milan, 2nd edition business talk "The economy of
sustainability" in presence and online (0830 GMT); expected
attendees include Industry Minister Adolfo Urso (via
videoconference), Brembo BRBI.MI board member Cristina
Bombassei, Sisal CEO Francesco Durante, International Monetary
Fund (IMF) Deputy Director Fabio Natalucci.
Milan, Althesys holds event "Utilities: global challenges,
local answers" (0830 GMT); expected attendees include energy
authority ARERA President Stefano Besseghini, Trans Adriatic
Pipeline (TAP) Managing Director and Italy Country Manager Luca
Schieppati (0930 GMT); Utilitalia president Filippo Brandolini
(1010 GMT).
Cutro, Cabinet meeting (afternoon), followed by news
conference.
Verona, 2nd edition "LET EXPO 2023" continues; ends on March
11. On Thursday Civil Protection and Sea Policy Minister Nello
Musumeci is interviewed (1030 GMT); expected attendees include
Labour Undersecretary Claudio Durigon (1100 GMT), Environment
and Energy Security Deputy Minister Vannia Gava (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/