Italy - Factors to watch on Feb. 28
28/02/2023 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 .
POLITICS
Italian Prime Minister Giorgia Meloni said in an interview
on Monday that she sent a letter to European Union leaders
calling for immediate action by the bloc to stop boat migrant
trips to Europe.
Speaking a day after a shipwreck that killed more than 60
migrants off southern Italy, Meloni told RAI public television:
"the only way to tackle this issue seriously, with humanity, is
to stop the departures."
ECONOMY
ISTAT releases January non-EU foreign trade data (0900 GMT)
and December industry sales data (1000 GMT).
COMPANIES
BANCA MONTE DEI PASCHI DI SIENA (MPS) BMPS.MI
AXA AXAF.PA said on Monday it was selling virtually all of
the 8% stake in MPS it acquired when it invested into a
make-or-break new share issue at the state-owned Italian bank.
MPS is set to rejoin the FTSE MIB blue-chip index on the
Milan stock exchange on March 20 after six years of absence, two
market sources told Reuters on Monday.
STELLANTIS STLAM.MI
Carmaker Stellantis said on Monday it had invested $155
million to buy a minority stake in a copper mine in Argentina as
part of its global push to secure raw materials for electric
vehicle batteries.
NEXI NEXII.MI
Spanish bank Sabadell SABE.MC said on Monday it had agreed
to sell its retailers' payments business to Nexi NEXI.MI for up
to about 350 million euros ($370 million), and struck a 10-year
partnership with the Italian payments firm.
SAIPEM SPMI.MI
The Italian energy services group on Monday raised its
earnings expectations for 2023 and the next few years after
beating 2022 targets as its restructuring plan started to bear
fruit.
Conference call on FY preliminary results (0930 GMT),
followed by telephone news conference (1115 GMT).
MONCLER MONC.MI
Board meeting on FY results, followed by conference call
(1700 GMT).
INTESA SANPAOLO ISP.MI
Board meeting on FY results (FY results released on Feb. 3).
BANCO BPM BAMI.MI
Board meeting.
AUTOSTRADE MERIDIONALI AUMI.MI
Market orders on Autostrade Meridionali ordinary shares will
not be accepted from Feb. 28 until further notice, Borsa
Italiana said in a statement on Monday.
DIARY
Assogestioni releases January fund flows data.
Artificial Intelligence meetings online start (0815 GMT);
end on March 2. On Tuesday expected attendees include Stefano
Scarpetta from OECD, market regulator CONSOB President Paolo
Savona.
European Affairs, South, PNRR Minister Raffaele Fitto
attends webinar "PNRR one year on: implemented reforms, ongoing
projects and the market's point of view" (1020 GMT).
Telecom Italia TLIT.MI (TIM) CEO Pietro Labriola
speaks at MWC event online session "Is it time for co-creation?"
(1100 GMT).
Rome, representatives from Stellantis STLAM.MI group
speak via video conference before Chamber of Deputies EU Policy
Committee (1215 GMT).
Rome, Interior Minister Matteo Piantedosi speaks before
Senate Constitutional Affairs Committee on programmatic lines of
his ministry (1220 GMT).
Rome, Industry Minister Adolfo Urso delivers closing
address at cosmetic companies association 2023 public meeting
(0900 GMT).
Milan, workshop "Cyber security, market disclosure &
industry" ends (0900 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/