Italy - Factors to watch on Dec. 11

Brembo NV

11/12/2024 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
    Italy will scale back plans to increase taxes on
cryptocurrency capital gains, ruling politicians said on
Tuesday, following criticism from the affected industry and rows
within the party of the economy minister.
    
    DEBT
    Treasury sells 8.5 billion euros 12-month BOT bills.
Subscriptions close at 1000 GMT.
    
    COMPANIES
    STELLANTIS  STLAM.MI  
    The carmaker and Chinese battery maker  CATL  will invest
4.1 billion euros ($4.33 billion) to build one of Europe's
largest electric vehicle battery factories in Spain, encouraged
by lower costs and government funding.
    Italy's Industry Minister Adolfo Urso announced a deal on
Tuesday to avert 249 layoffs at suppliers to Stellantis, saying
he hoped the breakthrough would help repair strained relations
with the carmaker.
    
    GENERALI  GASI.MI  
    The AM rating agency has raised Generali's financial
strength rating (FSR) to A+ (Superior) from A (Excellent) and
its Long-Term Issuer Credit Rating to "aa-" (Superior) from "a+"
(Excellent), with a stable outlook. 
    
    ENI  ENI.MI  
    The death toll from an explosion at an Eni fuel depot near
Florence rose to five on Tuesday, as the energy company said it
was closely cooperating with investigation and that it was too
early to speculate on the causes of the accident. 
    
    BREMBO  BRBI.MI  
    The Italian brakes maker and France's Michelin  MICP.PA 
signed a global "intelligent solutions" deal that will focus on
sharing real-time data between Michelin's tyres and Brembo's
braking systems to improve vehicle performance and safety.
    
    FERRARI  RACE.MI  
    Chief Executive Benedetto Vigna said the luxury sportscar
maker was "very proud" of a deal to supply engines and gearboxes
to a new Cadillac Formula One team in a multi-year agreement
from 2026 the company announced earlier on Tuesday.
    
    MONRIF  EDII.MI 
    Monti Riffeser Srl reopening of full voluntary takeover bid
on MONRIF shares continues; ends on Dec. 13.
    
    UNIEURO  UNIR.MI 
    Fnac Darty  FNAC.PA  and RUBY Equity Investment Sarl full
mandatory public tender and exchange offer on Unieuro ordinary
shares ends.
    
    DIARY
    'Telco per l'Italia 360SummIT' on "A Marshall Plan for
telco-digital innovation" online event (0800 GMT); expected
attendees include INWIT  INWT.MI  Director General Diego Galli,
Fastweb CEO Walter Renna.
    Rome, Industry Minister Adolfo Urso addresses Senate and
Chamber of Deputies joint Industry committees on Italian
industrial policy (1230 GMT). 
    Rome, automotive industry lobby ANFIA holds annual meeting
"Finding our way again, together to face the transition" (0930
GMT); Industry Minister Adolfo Urso delivers closing address
(1200 GMT).
    Rome, gas industry association Proxigas holds public meeting
(1400 GMT); expected attendees include Eni  ENI.MI  CEO Claudio
Descalzi, Italgas  IG.MI  CEO Paolo Gallo, Engie  ENGIE.PA 
Italian CEO Monica Iacono, Snam  SRG.MI  CEO Stefano Venier,
Industry Minister Adolfo Urso, energy authority ARERA President
Stefano Besseghini, Environment and Energy Security Minister
Gilberto Pichetto Fratin.
    
    ((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/