Italy - Factors to watch on May 23

BFF Bank SpA

23/05/2024 07:12

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
    G7 finance chiefs meeting in Italy this week will attempt to
find common ground over how to use frozen Russian assets to help
Ukraine's war effort and how to address China's growing export
strength in key markets, officials said.
    
    DEBT
    Treasury announces the sale of BTP Short and BTPei bonds,
with relative amounts to be auctioned on May 28.
    
    COMPANIES
    (*) ENI.MI  ENI.MI 
    The Italian energy group is mulling a sale of a 20% stake in
its sustainable mobility unit Enilive as it received expressions
of interest from potential suitors, Bloomberg News said citing
people familiar with the matter. Italian daily Corriere della
Sera said on Thursday the potential suitors include U.S. fund 
BlackRock, Canada's Brookfield, and Australia's Ifm and
Macquarie.
    
    (*) STELLANTIS  STLAM.MI  
    The automaker announced on Thursday the launch of the second
tranche of its 2024 buyback programme, covering an amount of up
to 1 billion euros. The second tranche will start on May 23 and
end no later than Aug. 30, the company said.
    
    (*) BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI  
    The Treasury is considering the sale of up to 16% of the
bank via an accelerated placement and also through a direct
sale, Italian daily Il Sole 24 ore said on Thursday, citing
sources.
    
    MFE-MEDIAFOREUROPE  MFEB.MI 
    Releases Q1 results (0600 GMT).
    
    ENEL  ENEI.MI 
    Annual general meeting (1200 GMT).
    
    FINCANTIERI  FCT.MI  
    The Italian shipbuilder will expand its cooperation with
Saudi Arabia through its new unit Fincantieri Arabia, the group
said on Wednesday.
    
    (*) WEBUILD  WBD.MI 
    Salini S.p.A placed an offering of 225 million euros secured
bonds due 2028 with a 4% coupon, exchangeable into Webuild
ordinary shares.
    
    (*) BFF BANK  BFF.MI 
    Rating agency Moody's placed the group on review for a
downgrade of all ratings and assessments saying the review will
primarily focus on implications of Bank of Italy's recent
findings and remediation measures. The central bank ordered
earlier this month the group to halt dividend and bonus payments
over potential misclassification of credits.
    
    JUVENTUS  JUVE.MI 
    The Italian soccer club is set to appoint Bologna's Thiago
Motta as its new coach, according to multiple Italian media
reports.
    Juventus Women have appointed Massimiliano Canzi as new
manager for next season, as they look to get back to winning
league titles, the club announced on Wednesday.

    
    DIARY
    Stresa, G7 Finance ministers' meeting starts; ends on May
25. Meeting chaired by Italian Economy Minister Giancarlo
Giorgetti.
    Rome, annual event 'Forum PA' ends (0700 GMT); on Thursday
expected attendees include National Cybersecurity Agency's (CAN)
Director General Bruno Frattasi, Cabinet Undersecretary Alessio
Butti, European Affairs and National Recovery and Resilience
Plan (NRRP) Minister Raffaele Fitto.
    Rome, business lobby Confindustria newly-appointed President
Emanuele Orsini holds news conference (1100 GMT).
    Florence, European University Institute (EUI) starts 14th
edition "The State of the Union 2024" (1145 GMT); ends on May
24. On Thursday expected attendees include Portugal President
Marcelo Rebelo de Sousa, EU Commission Vice President for
Democracy and Demography Dubravka Suica, Poste Italiane  PST.MI 
Chairwoman Silvia Rovere.
    Trento, 19th edition 'Economy Festival' starts (0730 GMT);
ends on May 26. On Thursday expected attendees include
Infrastructure and Transport Minister Matteo Salvini (0745 GMT);
Althesys CEO Alessandro Marangoni, Centro Studi Promotor
President Giovanni Primo Quagliano (1200 GMT); Sport and Youth
Minister Andrea Abodi (1245 GMT); Economy Minister Giancarlo
Giorgetti via videoconference (1300 GMT); Caltagirone  CALI.MI 
Group Chairman Francesco Gaetano Caltagirone (1415 GMT); Health
Minister Orazio Schillaci (1345 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/