Italy - Factors to watch on August 4
Italy - Factors to watch on August 4 The following factors could affect Italian markets on Tuesday.
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
ECONOMY
Italy posted a state sector budget surplus of €13.4 billion in July, compared to a surplus of €14.1 billion in the same month last year, the Treasury said in a statement on Monday.
Cabinet meeting at 1430 GMT expected to discuss a possible extension of a reduction in excise duties on fuel.
Statistics bureau ISTAT releases June retail sales data.
COMPANIES
(*) GENERALI GASI.MI
The insurance group is studying the possible integration of its wholly owned subsidiary Alleanza into Generali Italia, Il Sole 24 Ore reported on Tuesday. The operation could be launched as early as in September, the newspaper said, adding that Generali declined to comment.
(*) POSTE ITALIANE PST.MI
Italy's antitrust authority said on Monday it had cleared the acquisition of 49% stake in PagoPa, which handles digital payments to public administrations, by the state-backed postal group, while the mint will own the 51%.
(*) BRUNELLO CUCINELLI BCU.MI
Citigroup initiated the coverage of the luxury group with a 'buy' rating and a target price of €110.
STELLANTIS STLAM.MI
The Franco-Italian carmaker saw its sales in Italy rise 3.8% year-on-year in July, data showed on Monday, virtually in line with a 3.9% increase in registrations of all brands in the country.
Stellantis' market share in Italy stood last month at 25.9%.
FERRAGAMO SFER.MI
The Italian luxury brand swung to a net profit for the first half, results showed on Monday, after growing sales by 4.6% at constant currencies in the second quarter, with turnaround efforts particularly evident in the performance of directly owned shops.
BUZZI BZU.MI
The cement-maker issues first-half results.
BANCA IFIS IF.MI
The Venice-based specialty lender issues first-half results, followed by analyst call at 1300 GMT.
CREDEM EMBI.MI
The northern Italian bank issues first-half results.
SAFILO SFLG.MI
The eyewear company issues first-half results.
DIARY
Cabinet meeting at 1430 GMT expected to discuss a possible extension of a reduction in excise duties on fuel.
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
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/