Italy - Factors to watch on May 28

Banco di Desio e della Brianza

28/05/2024 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 .
    
    ENERGY
    Italy's solar power capacity rose by 1.7 gigawatts (GW) in
the first quarter to 32 GW thanks to a jump in the development
of large projects, the country's association for the
photovoltaic sector said on Monday.
    
    DEBT
    The Treasury said on Monday it will sell up to 9.5 billion
euros in bonds at a May 30 auction.
    Treasury sells 2.25-2.75 billion euros 3.20% BTP Short due
Jan. 28, 2026; 1.5-1.75 billion euros zero coupon BTP bonds due
Dec. 15, 2024; 1-0-1.5 billion euros 0.10% BTPei bonds due May
15, 2033. Subscriptions close at 0900 GMT.
    
    COMPANIES
    AMAZON  AMZN.O 
    The company's computing unit AWS is in talks with Italy to
invest billions of euros in the expansion of its data centre
business in the country as part of the tech giant's effort to
boost its cloud offer in Europe, according to a Reuters
exclusive.
    
    INTESA SANPAOLO  ISP.MI 
    Italy's biggest bank announced on Monday the start of a
buyback plan worth up to 1.7 billion euros on June 3, following
the green light from the ECB on March 11.
    
    STELLANTIS  STLAM.MI  
    The automaker said on Monday it would build a hybrid version
of its Fiat 500e small electric car at its Mirafiori plant in
Turin, Italy, amid a slowdown in electric car sales.
    
    MEDIOBANCA  MDBI.MI  
    The private banking arm of the Italian bank said it would
start offering its wealthier clients a new, illiquid open-ended
alternative fund set up by investment firm KKR  KKR.N .
    
    DOVALUE  DOVA.MI  
    Italy's biggest bad loans company is close to a deal with a
pool of banks for about 450 million euros in credit facilities,
to fund the acquisition of rival Gardant, Bloomberg reported on
Monday.
    
    BANCO DESIO  DESI.MI 
    The Bank of Italy left the regional bank's SREP capital
requirements unchanged from 2023, leaving the CET1 ratio at
7.6%.

    PIRELLI & C  PIRC.MI 
    Annual general meeting (0900 GMT).
    
    MARE GROUP  MARE.MI 
    Digital engineering company debuts on Euronext Growth Milan.
    
    DIARY
        Caivano, Prime Minister Giorgia Meloni inaugurates new
sports centre (0900 GMT).
  
        Rome, EU Commission Digital Policies Director General
Roberto Viola speaks before Senate Human Rights Committee on
levels and mechanisms of human rights protection in Italy and in
the internationally (1100 GMT).
  
        Rome, Supervisory Body on Equal Access to TIM network
President Antonio Martusciello presents annual report 2024 to
Chamber of Deputies (0900 GMT); with Industry Minister Adolfo
Urso, Economy Undersecretary Federico Freni, Telecom Italia
(TIM)  TLIT.MI  Chairwoman Alberta Figari and CEO Pietro
Labriola; communication authority AGCOM President Giacomo
Lasorella delivers closing address.
  
        Rome, Italian Competition Authority (AGCM) President
Roberto Rustichelli addresses Chamber of Deputies' Industry
Committee on the transition from regulated to unregulated prices
in the electricity market (1000 GMT).
  
        Rome, Infrastructure and Transport Deputy Minister
Edoardo Rixi addresses Senate Environment Committee on the use
of digital technologies and artificial intelligence in
infrastructure planning, construction and monitoring (1100 GMT).
  
    Milan, Bocconi University and Equita  EQUI.MI  hold annual
event "Investments in listed companies in Italy: state of the
art and future prospects" (1430 GMT); Equita CEO Andrea Vismara
delivers introductory remarks (1430 GMT); expected attendees
include joint stock companies association Assonime President and
Anima Holding  ANIM.MI  Chairwoman Patrizia Grieco, Poste
Italiane  PST.MI  Chairwoman and Equita unit Real Estate CEO
Silvia Rovere (1510 GMT), Economy Undersecretary Federico Freni,
Algebris Investments CEO Davide Serra, Milan Stock Exchange CEO
Fabrizio Testa (1550 GMT); Equita Chairwoman Sara Biglieri
delivers closing remarks (1630 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/