Italy - Factors to watch on May 9

Brembo NV

09/05/2024 05:00

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 .
    
    DEBT
    Treasury sells 7.5 billion euros 12-month BOT bills.
Subscriptions close at 0900 GMT.
    Treasury continues offer of new six-year 'Btp Valore', BTP
bond for retail investors only; ends on May 10. The orders for
the new bond reached 8.7 billion euros at the end of the first
three days of the offer, lower than the figure in a similar
issuance in February, Milan bourse data showed on Wednesday.
    
    COMPANIES
    BPER  EMII.MI  
    Italy's fourth-largest bank on Wednesday stuck to a
full-year forecast for a net profit in line with 2023, despite
declining interest rates, after reporting a 57% jump in first
quarter net income. CEO Gianni Franco Papa told analysts that
the bank is well ahead of its business plan and may update or
revise it. 
    
    TERNA  TRN.MI 
    The Italian power grid operator reported on Wednesday a 26%
annual rise in its core earnings for the first quarter, as it
boosted investments to increase domestic network capacity for
renewable energy.
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    European Union antitrust regulators will meet rivals of the
Italian phone group next week to discuss the proposed
acquisition of TIM's domestic fixed-line network by U.S. fund
KKR  KKR.N , two sources said on Wednesday.
    
    TOD'S  TOD.MI 
    LVMH-backed private equity firm L Catterton said on
Wednesday that it owns a 96.92% of the luxury shoe maker, along
with the Della Valle family and LVMH, after its bid for the
Italian company. It has exceeded the threshold for exercising
the right to buy the remaining shares. 
    
    NEXI  NEXII.MI 
    Releases Q1 results, followed by conference call (0600 GMT).
    
    PRYSMIAN  PRY.MI 
    Releases Q1 results (0530 GMT), followed by conference call
(0800 GMT).
    
    BREMBO  BRBI.MI 
    Board meeting on Q1 results (0730 GMT), followed by
conference call (1230 GMT).
    
    RECORDATI  RECI.MI 
    Board meeting on Q1 results, followed by conference call
(1400 GMT).
    
    BANCA MEDIOLANUM  BMED.MI 
    Board meeting on Q1 results, followed by conference call
(1430 GMT).
    
    ENEL  ENEI.MI 
    Board meeting on Q1 results, followed by conference call
(1600 GMT).
    
    SALVATORE FERRAGAMO  SFER.MI 
    Board meeting on Q1 results (revenues), followed by
conference call (1600 GMT).
    
    PIRELLI  PIRC.MI 
    Board meeting on Q1 results, followed by conference call
(1630 GMT).
    
    AZIMUT HOLDING  AZMT.MI 
    Board meeting on Q1 results.
    
    BANCA GENERALI  BGN.MI 
    Board meeting on Q1 results.
    
    DIARY
    Rome, Economy Minister Giancarlo Giorgetti meets Saudi
Italian Business Council President Kamel Al Munajjed (1500 GMT).
        Rome, Fincantieri  FCT.MI  Cyber Security Vice President
Daniele Francesco Ali speaks before Chamber of Deputies Defence
Committee on cyber defence, new profiles and critical issues
(0630 GMT).
    Rome, market regulator CONSOB holds seminar "The
tokenisation of financial instruments - prospects for the
Italian market" (1215 GMT); expected attendees include ECB board
member Piero Cipollone, Milan Stock Exchange CEO Fabrizio Testa,
state-lender Cassa Depositi e Prestiti (CDP) Deputy CFO Fabio
Massoli (1315 GMT), Economy ministry representative Stefano
Cappiello, Bank of Italy Deputy Governor Alessandra Perrazzelli
(1415 GMT), CONSOB President Paolo Savona (1515 GMT).
    Rome, self-employed welfare association AdEPP holds meeting
(0745 GMT); expected attendees include Economy Undersecretary
Federico Freni, Economy Deputy Minister Maurizio Leo, Foreign
Minister Antonio Tajani, Telecom Italia (TIM)  TLIT.MI  CEO
Pietro Labriola, Acea  ACE.MI  CEO Fabrizio Palermo, Banco BPM
 BAMI.MI  Chairman Massimo Tononi, F2i CEO Renato Ravanelli.
    Milan, 24th annual meeting "Utilities in the age of
Generative AI: optimisation, competitiveness and asset
management" (0730 GMT); expected attendees include Edison
 EDNn.MI  CEO Nicola Monti, Italgas  IG.MI  unit Reti CEO Pier
Lorenzo Dell'Orco, Snam  SRG.MI  CEO Stefano Venier (0830 GMT);
Engie  ENGIE.PA  Italian CEO Monica Jacono, Hera  HRA.MI  CEO
Orazio Iacono, Iren  IREE.MI  Chairman Luca Dal Fabbro (0930
GMT).
    Chieti, Industry Minister Adolfo Urso attends event
"Innovation Automotive Forum" (1000 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/