Italy - Factors to watch on May 22

BFF Bank SpA

22/05/2024 05:00

The following factors could affect Italian markets on Wednesday.
    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 Defence Minister Guido Crosetto was taken to a Rome
hospital late on Tuesday after feeling unwell during a
government meeting, the defence ministry said.
    Crosetto spent two days in hospital in February due to heart
problems.
        
    COMPANIES
    
    (*) UNICREDIT  CRDI.MI 
    Italy's second largest bank studies every possible
acquisition target for the bank, Chief Executive Andrea Orcel
told the Financial Times in an interview, ruling out an interest
for Societe Generale  SOGN.PA .
    Citing people with knowledge of its Russia exposure, the
newspaper also reported that UniCredit would  provision for
potential losses in its next quarterly results after a Russian
court last week seized 463 million euros ($503 million), or 5%
of its local assets, in a case over an aborted gas plant
project.
        
    (*) STELLANTIS  STLAM.MI 
    New car sales in the European Union rose 13.7% in April on
the year for their biggest jump since last October, Europe's
auto industry body ACEA said on Wednesday, after registrations
fell in March. Stellantis' sales grew by 1.7%.
    
    (*) BFF BANK  BFF.MI 
    A few international investors are interested in the bank
after its shares fell sharply following the Bank of Italy
intervention suspending dividends and bonus payments, MF daily
reported on Wednesday. Among the names circulating in the
market, according to the paper, is U.S. fund Elliott Management.
 
    
    SAES GETTERS  SAES.MI 
    SGG Holding said on Tuesday that bourse regulator Consob had
approved its takeover bid for the Italian advanced materials and
technologies company at 26.3 euros per share, aimed at
delisting.
    
    STMICROELECTRONICS  STMMI.MI 
    Annual general meeting (0900 GMT).
    
    DIARY
    Rome, Leonardo  LDOF.MI  co-Director General Lorenzo Mariani
speaks before Chamber of Deputies Defence Committee on cyber
defence, new profiles and critical issues (0630 GMT).
    Rome, Industry Minister Adolfo Urso speaks before
Intelligence Parliamentary Committee (COPASIR) (1200 GMT).
        Rome, Prime minister Giorgia Meloni chairs
interministerial summit on the situation in the Campi Flegrei
after the earthquake last Monday (afternoon).
  
    Rome, meeting on "Industria Italiana Autobus" and the
related process for the sale of the company chaired by Industry
Minister Adolfo Urso and Undersecretary Fausta Bergamotto;
expected attendees include representatives from trade unions,
Campania and Emilia Romagna regions, Invitalia, Leonardo
 LDOF.MI , Seri Industrial (1100 GMT).
    Rome, Industry Minister Adolfo Urso attends event
"#SPACECONOMY24" on space economy rules at EU and national level
(0730 GMT).
    Rome, Industry Minister Adolfo Urso attends event
"HEYSUN-Energy Transition Expo" (0900 GMT).
    Rome, 'Investment Forum 2024' "The role of the Italian
financial sector for sustainable growth before European
challenges" (0800 GMT); banking insurance and finance
association FeBAF President Fabio Cerchiai delivers introductory
remarks; videomessage by EU Economy Commissioner Paolo
Gentiloni; expected attendees include European Affairs and
National Recovery and Resilience Plan (NRRP) Minister Raffaele
Fitto, Italian Institutional investors in risk capital
association (AIFI) President Innocenzo Cipolletta, insurers
association ANIA President Maria Bianca Farina, banking
association ABI President Antonio Patuelli.
    Rome, Terna  TRN.MI  presents new digital portal and new
rooms of the national control centre with Environment and Energy
Security Minister Gilberto Pichetto Fratin, energy authority
ARERA President Stefano Besseghini, Terna CEO Giuseppina Di
Foggia (0900 GMT).
    Rome, AssoNEXT holds event "Small- and medium-sized
companies' market, wealth of the Country" (0800 GMT); Economy
Minister Giancarlo Giorgetti delivers welcome address (0815
GMT); expected attendees include Economy Undersecretary Federico
Freni (0830 GMT); Economy ministry representative Stefano
Cappiello, Anima Holding  ANIM.MI  CEO Alessandro Melzi d'Eril,
Milan Stock Exchange CEO Fabrizio Testa (0845 GMT).
    Rome, "Y7 Italy summit" continues (0830 GMT); ends on May
24.
    
    ((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/