Italy - Factors to watch on May 17

Banco di Desio e della Brianza

17/05/2024 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 .
    
    POLITICS 
    Finance ministers from the Group of Seven (G7) major
democracies meeting in Italy next week will back a European
Union plan to use the profits from frozen Russian assets to help
Ukraine's war effort, an Italian Treasury official said on
Thursday.

    COMPANIES
    ERG  ERG.MI 
    Italian energy company is ready to adopt a selective and
more flexible approach to seize market opportunities, CEO Paolo
Luigi Merli said on Thursday, as part of company's new 2024-2026
business plan released on Wednesday.
    
    UNIPOLSAI  UNPI.MI  US.MI 
    The insurer said on Thursday it had successfully placed a
750-million-euro Tier 2 bond.
        
    ITA
    Lufthansa's  LHAG.DE  bid to buy a stake in Italian peer ITA
is set to be blocked by EU antitrust regulators unless there is
a substantial improvement to remedies to address competition
concerns, people with direct knowledge of the matter said on
Thursday.
    
    BANCO DESIO  DESI.MI 
    Banca Popolare di Puglia e Basilicata  BPPUGL.HT  said on
Thursday it has approved a deal to sell 14 branches in Italy's
centre-north to Banco Desio  DESI.MI  for 21.9 million euros.
The closing is expected in December. 
        
    DIARY
    DIARY
    Rome, "B7 Summit"; B7 Chairwoman Emma Marcegaglia and
Security Intelligence (DIS) General Department Director
Elisabetta Belloni deliver opening addresses (0700 GMT);
expected attendees include Foreign Minister Antonio Tajani (0810
GMT), Leonardo  LDOF.MI  CEO Roberto Cingolani, state-lender
Cassa Depositi e Prestiti (CDP) CEO Dario Scannapieco, Pirelli &
C  PIRC.MI  Executive Vice Chairman Marco Tronchetti Provera
(0825 GMT), Environment and Energy Security Minister Gilberto
Pichetto Fratin (0900 GMT), Eni  ENI.MI  CEO Claudio Descalzi,
Terna  TRN.MI  CEO Giuseppina Di Foggia (0920 GMT); Industry
Minister Adolfo Urso, Labour Minister Marina Elvira Calderone
(1010 GMT), BlackRock  BLK.N  CEO Larry Fink (interviewed
online), Intesa Sanpaolo  ISP.MI  Chairman Gian Maria
Gros-Pietro (1115 GMT), OECD Secretary General Mathias Cormann
(online), U.N. food agency FAO Director General Qu Dongyu,
Fincantieri  FCT.MI  CEO Pierroberto Folgiero (1240 GMT).
    Rome, at a closed-door event Prime Minister Giorgia Meloni
meets 'Business7' (1730 GMT).
    Rome, Industry Ministry convenes via videoconference meeting
on the programme agreement for Wartsila with trade unions,
Labour Ministry, Friuli Venezia Giulia region, Invitalia,
Wartsila, MSC, business lobby unit Confindustria Alto Adriatico,
Port of Trieste Authority (0800 GMT).
    Rome, Industry Minister Adolfo Urso attends event "Starting
Finance Investment Meeting" (0830 GMT).
    Florence, 15th edition 'Labour Festival' "Work ethics and
safety in the age of AI" continues (0800 GMT); ends on May 18.
On Friday expected attendees include European Labour Authority
(ELA) Executive Director Cosmin Boiangiu (0800 GMT);
Commissioner for Earthquake Repair and Reconstruction 2016-2019
Guido Castelli (0820 GMT); ZEST  ZEST.MI  Executive Chairman
Marco Gay (0930 GMT); social security agency INAIL President
Fabrizio D'Ascenzo, trade union CISL Secretary General Luigi
Sbarra (0955 GMT); welfare institute INPS President Gabriele
Fava, Public Administration Minister Paolo Zangrillo (1300 GMT);
EU Special Representative for the Gulf Region Luigi Di Maio
(1400 GMT); Culture Minister Gennaro Sangiuliano (1515 GMT).
    Sorrento, The European House Ambrosetti holds 3rd edition
forum "Towards the South: European strategy for a new
geopolitical, economic and socio-cultural season in the
Mediterranean" (to May 18); expected attendees include Libya
Transport Minister Mohamed Salem Al-Shahoubi, Algeria Energy and
Mines Minister Mohamed Arkab, Tunisia Industry, Mines, Energy
Minister Fatma Thabet Chiboub, Intesa Sanpaolo  ISP.MI  Chief
Economist Gregorio De Felice, European Affairs and National
Recovery and Resilience Plan (NRRP) Minister Raffaele Fitto,
Edison  EDNn.MI  CEO Nicola Monti, Civil Protection and Sea
Minister Nello Musumeci, farmers lobby Coldiretti President
Ettore Prandini, European Investment Bank (EIB) Vice Chairwoman
Gelsomina Vigliotti.
    
    ((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/