Italy - Factors to watch on April 15

Brembo NV

15/04/2024 05:00

The following factors could affect Italian markets on Monday.
    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
    Leaders of the G7 nations condemned Iran's attack on Israel
and said on Sunday they would work to try to prevent an
"uncontrollable regional escalation" in the Middle East.
    Italy, which holds the rotating presidency of the G7, had
called a meeting of G7 heads after U.S. President Joe Biden
pledged a coordinated diplomatic response to the unprecedented
drone and missile attack launched overnight by Iran.
    ...
    
    ECONOMY
    Bank of Italy releases February data on public finances,
state borrowing and debt.
    
    BANKS
    UNICREDIT  CRDI.MI 
    The lender's shareholders voted on Friday to give CEO Andrea
Orcel another three-year mandate and backed the remuneration
policy that makes him one of Europe's best-paid bankers.
    
    COMPANIES
    TELECOM ITALIA (TIM)  TLIT.MI 
    Small shareholder group ASATI, which says it represents
investors having a combined stake of about 1% in TIM, has
withdrawn its nominees for the TIM board and will back a slate
of candidates put forward by the outgoing board at the AGM on
April 23, a statement seen by Reuters showed on Sunday.
    
    The former Italian phone monopoly signed a deal with trade
unions on Friday to reduce the working hours of the group's
employees. 
    The group will also launch by the end of April a planned
exchange offer - envisaged in the offer by KKR for the company's
fixed network assets - on a set of bonds it issued over the
years, with a maturity from 2026 onwards, for a total of 8.5
billion euros, Corriere della Sera reported on Saturday.  
    
    PIRELLI  PIRC.MI , BREMBO  BRBI.MI  
    The recent increase in the stake held in the tyre maker and
an investors' pact with brake maker Brembo, is not a first step
in a change of the ownership structure of Pirelli but rather a
way to grant the group "autonomy in the medium term", Pirelli's
Marco Tronchetti Provera told Milano Finanza in an interview
published on Saturday.  
    
    FINCANTIERI  FCT.MI , LEONARDO  LDOF.MI 
    Negotiations between the two groups over Whitehead Alenia
Sistemi Subacquea (WASS) are at an advanced stage but are being
slowed down due disagreements over the price of Wass and the
outline of the group, the employees and the assets to be sold
given the company is not independent but a unit of Leonardo, 
Milano Finanza reported on Saturday.
    
    SAIPEM  SPMI.MI  
    The energy contractor has received from ExxonMobil Guyana
Limited and its Stabroek block partners the authorization to
proceed with the execution of the Whiptail oilfield development
project, situated in the offshore Guyana, at a water
depth of approximately 2,000 meters, it said on Saturday. The
contract value is between $750 million and $1.5 billion.  
    
    JUVENTUS FC  JUVE.MI 
    Juventus' hopes of wining the Italian Serie A title ended
after a 0-0 draw at city rivals Torino on Saturday.
    
    DIARY
    Verona, Prime Minister Giorgia Meloni expected to visit 56th
edition of Vinitaly, international wine and spirits exhibition
(0900 GMT).
    Rome, Prime Minister Meloni chairs Cabinet meeting (1600
GMT).
    
    Rome, Interior Minister Matteo Piantedosi to chair meeting
of order and public security committee with police and
intelligence chiefs after Iran's attack on Israel (1300 GMT)
 
    Industry Minister Adolfo Urso's agenda for Monday, first
national 'Made in Italy' day:
    * in Rome attends ceremony of the stamp 'National Made in
Italy Day' (0800 GMT); attends Italian luxury goods companies
association Altagamma inauguration ceremony of the exhibition
"The mirror of Italian excellence, a journey through Altagamma
manufacturing" (0900 GMT); Leonardo Committee awards ceremony
(1030 GMT); photo opportunity in front of the Vitruvian Man,
chosen as the logo and symbol of 'National Made in Italy Day'
(1200 GMT);
    * in Milan attends ribbon-cutting ceremony for the
exhibition "Design Italian Genius" (1430 GMT); event "Made in
Italy Day" (1700 GMT); exhibition "Design Move" for the first 40
years of Technogym  TGYM.MI  (1630 GMT).
    Rome, Foreign Minister Antonio Tajani delivers closing
address at conference "The future of agriculture in Europe: the
view of the European People's Party (EPP)".
    Rome, ASSTRA starts 18th conference "Innovating mobility;
public transport companies between work, energy transition and
artificial intelligence" (1300 GMT); ends on April 16. On Monday
expected attendees include ASSTRA President Andrea Gibelli (1300
GMT); Digital Italy Agency (AGID) Director General Mario Nobile
(1450 GMT); Infrastructure and Transport Deputy Minister Edoardo
Rixi delivers closing address (1630 GMT).
    Milan, Intesa Sanpaolo  ISP.MI  holds news conference to
present "16th annual report on economy and finance of industrial
districts" (0930 GMT); expected attendees include Chief
Economist Gregorio De Felice; Chairman Gian Maria Gros-Pietro
delivers closing address.
    Milan, IRTOP Consulting holds "EGM Investor Day" (0800 GMT);
expected attendees include Gibus  GBUSS.MI  CEO Alessio Bellin
(0845 GMT), IMD  IMD.MI  Chairman Aniello Aliberti (0900 GMT),
Yakkyo  YKY.MI  CEO Giovanni Conforti (0915 GMT), Digitouch
 DGT.MI  Chairman Simone Ranucci Brandimarte (0930 GMT), FOPE
 FOPE.MI  CEO Diego Nardin (0945 GMT), Casta Diva Group
 CDGI.MI  CEO Andrea De Micheli (1000 GMT), Imprendiroma
 IMPR.MI  CEO Guerino Cilli (1015 GMT), Redelfi  RDF.MI 
Chairman Davide Sommariva (1030 GMT).
    Milan, OTB Group presents the Diesel Living - Red Takeover
and Silver Dome collections (1630 GMT), with OTB Group Chairman
and founder Renzo Rosso, Diesel Sustainability Ambassador Andrea
Rosso.
    Palermo, Environment and Energy Security Minister Gilberto
Pichetto Fratin attends event "CER presentation" (1315 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/