Italy - Factors to watch on May 10

Brembo NV

10/05/2024 05:00

The following factors could affect Italian markets on Friday.
    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 .
        
    ECONOMY
    ISTAT releases March industrial output data (0800 GMT);
monthly bulletin on the state of the economy in March and April
(0900 GMT); February industry sales data (1000 GMT).
    Bank of Italy releases March data on Italian residents
deposits with domestic banks, banks lending to non-financial
companies and gross bad loans at Italian banks.
    
    DEBT
    Orders for Italy's new six-year BTP Valore retail bond
reached 10.3 billion euros ($11.05 billion) in the first four
days of the offer, far less than in a similar previous issuance
in February, Milan bourse data showed on Thursday.
    
    COMPANIES
    ENEL  ENEI.MI 
    The Italian utility said on Thursday its first-quarter core
profit rose 12% year on year driven by a strong growth in
hydroelectric production.
    
    PIRELLI  PIRC.MI 
    The Italian tyre-maker said on Thursday its adjusted
operating profit rose 5.8% in the first quarter of the year, as
the group benefited from efficiencies.
    
    FERRAGAMO  SFER.MI 
    Revenues at Italian luxury group Salvatore Ferragamo SFER.MI
fell 16.6% at constant exchange rates in the first quarter, with
China proving difficult and amid a general slowdown in sales in
all geographies and channels.
    
    BREMBO  BRBI.MI 
    The Italian premium brake maker posted a 5% yearly increase
in its first quarter core profit on Thursday, as revenues in the
period topped the one billion euro quarterly threshold for the
first time.
    
    AZIMUT  AZMT.MI 
    The Italian asset manager said on Thursday it was confident
of exceeding its profit target for the year, after reporting a
drop in first-quarter net profit when adjusted for one-off
accounting and tax items.
    
    BFF BANK  BFF.MI 
    The bank said on Thursday it had been instructed by the Bank
of Italy to suspend dividend and bonus payments due to issues
about the way it was classifying credits towards the state.
Borsa Italiana said it banned orders without price limit on the
stock until further notice. 
    
    FINCANTIERI  FCT.MI , LEONARDO  LDOF.MI 
    Italian shipbuilder Fincantieri said on Thursday it had
bought defence company Leonardo's Underwater Armament Systems
(UAS), in a deal giving the submarine business line an
enterprise value of 415 million euros ($447.20 million)
    
    MEDIOBANCA  MDBI.MI 
    Releases Q3 results (0500 GMT), followed by conference call
(0800 GMT).
    
    TERNA  TRN.MI 
    Annual general meeting (0900 GMT).
    
    IVECO GROUP  IVG.MI 
    Board meeting on Q1 results, followed by conference call
(0900 GMT).
    
    UNIPOL  UNPI.MI  and UNIPOLSAI  US.MI 
    Release Q1 results, followed by conference call (1000 GMT).
    
    DIASORIN  DIAS.MI 
    Board meeting on Q1 results, followed by conference call
(1430 GMT).
    
    DIARY
    Venice, G7 justice ministers' meeting ends (1230 GMT).
    Rome, Prime Minister Giorgia Meloni meets German lender
Bavaria President Markus Thomas Theodor Soeder (0930 GMT).
    Rome, Prime Minister Giorgia Meloni meets Iraq Prime
Minister Mohammed Shia Al Sudani (1330 GMT).
    Rome, European Institute of Innovation for Sustainability
(EIIS) starts "European Innovation for Sustainability Summit"
(0730 GMT); ends on May 11. On Friday expected attendees include
Illycaffe CEO Cristina Scocchia, Mutti CEO Francesco Mutti,
Ferrero Hazelnut Company General Manager Marco Botta (0800 GMT);
soccer league Serie A President Lorenzo Casini, Michele Uva FROM
Union of European Football Association-UEFA (1045 GMT); Health
Minister Orazio Schillaci (1230 GMT); European Investment Bank
(EIB) Vice President Gelsomina Vigliotti (1330 GMT).
    Rome, 4th edition general meeting on birthrate ends (0700
GMT); on Friday expected attendees include Pope Francis, Economy
Minister Giancarlo Giorgetti, Enel  ENEI.MI  Italian head Nicola
Lanzetta.
    Rome, Italian Alliance for Sustainable Development (ASviS)
and ECCO hold high-level symposium "Europe's Future: Investing
in the Climate Transition for All" (0800 GMT); expected
attendees include EU Economy Commissioner Paolo Gentiloni (0800
GMT); ASviS Scientific Director Enrico Giovannini (0815 GMT);
European Investment Bank Vice President Gelsomina Vigliotti, ECB
board member Frank Elderson (0845 GMT).
    Rome, U.N. experts on racism end their visit to Italy;
followed by news conference to share preliminary findings and
recommendations (1000 GMT).
        Milan, conference on "Lombardy's vision for Europe's
future", expected attendees include Foreign Minister Antonio
Tajani, Defence Minister Guido Crosetto, Economy Minister
Giancarlo Giorgetti (1530 GMT).
  
    Milan, 2nd edition "Investiopia" (0730 GMT); EU Special
Representative for the Gulf Region Luigi Di Maio delivers
welcome address (0735 GMT); expected attendees include Intesa
Sanpaolo  ISP.MI  head of Banca dei Territori division Stefano
Barrese (0750 GMT); Malta Economy Minister Silvio Schembri,
Industry Minister Adolfo Urso, UAE Economy Minister and
Investopia President Abdulla Bin Touq Al Marri, Cyprus Energy,
Commerce and Industry Minister George Papanastasiou (0755 GMT);
fashion house Dolce&Gabbana CEO Alfonso Dolce, Italian luxury
goods companies association Altagamma President Matteo Lunelli,
Italian Fashion Chamber CNMI President Carlo Capasa (0830 GMT);
Tourism Minister Daniela Santanche (0920 GMT); Italian Trade
Agency (ICE) President Matteo Zoppas (1005 GMT); Milan Stock
Exchange CEO Fabrizio Testa (1040 GMT); BMW  BMWG.DE  Italian
CEO Massimiliano De Silvestre (1115 GMT); Economy Minister
Giancarlo Giorgetti delivers closing address (1150 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/