Italy - Factors to watch on June 27
27/06/2023 05:00
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 (*).
For a complete list of diary events in Italy please click on
IT/DIA .
POLITICS
Germany, France and Italy pledged to cooperate more on
procuring raw materials at a meeting of economy and industry
ministers on Tuesday in Berlin they said marked a new phase of
trilateral collaboration on European industrial policy.
ECONOMY
ISTAT releases June consumer and business confidence data
(0800 GMT).
DEBT
Treasury sells 2.0-2.5 billion euros 3.40% BTP Short bonds
due March 28, 2025 and 1.25-1.75 billion euros 1.50% BTPei bonds
due May 15, 2029. Subscriptions close at 0900 GMT.
The Treasury said on Monday that in the third quarter it
will offer new 3-year, 7-year and 10-year BTP bonds, as well as
a new September 2025 BTP 'short term'.
Italy confirmed its guidance for the issuance of medium- to
long-term sovereign bonds in 2023 despite an increase in the
state budget deficit reported in the first five months of this
year, a Treasury document published on Monday showed.
Updating its debt programme, the Treasury estimated it would
issue 118 billion euros ($128.69 billion) of paper between July
and December, on top of 202 billion euros of bonds sold in the
first half.
COMPANIES
FERRETTI YACHT.MI
Italy-based company of luxury yachts production, expected to
debut on Euronext Milan (listed on Hong Kong 9638.HK ).
SAIPEM SPMI.MI
The Italian oil services group said on Monday it had been
awarded two new offshore drilling contracts, one in the Middle
East and one in the Mediterranean Sea, for a total amount of
approximately $550 million.
STELLANTIS STLAM.MI
The carmaker has reached a deal with dealers to help it
deliver vehicles in Italy at a time of prolonged logistical
disruption in Europe, the group's head for Italy Santo Ficili
said on Monday.
Under the arrangement, struck six months ago, dealers
directly pick up cars from factories, rather than have them
delivered by Stellantis, which is struggling with a shortage of
lorry drivers linked to the war in Ukraine.
SAFILO SFLG.MI
The Italian eyewear maker has renewed in advance its
licensing agreement with US fashion brand Tommy Hilfiger until
2030, the two companies said on Monday.
French luxury house LVMH LVMH.PA 's Thelios, which in
advanced talks to buy Safilo's Longarone plant, would retain
about 250 of the 460 people who work there, trade union sources
said on Monday.
COVER 50 COV.MI
Fine Mito Srl starts full mandatory takeover bid on Cover 50
ordinary shares, ends on July 21.
DIARY
Rome, Cabinet meeting (1600 GMT).
Rome, Industry Minister Adolfo Urso gives speech at congress
of Autonomous Workers' Union Association (CONFSAL) (1000 GMT).
Rome, Telecom Italia (TIM) TLIT.MI CEO Pietro Labriola
speaks before Parliamentary Committee for the Security of the
Republic (COPASIR) (1230 GMT).
Rome, Telecom Italia (TIM) TLIT.MI Supervisory Body on
equal access to the TIM network President Antonio Martusciello
presents annual report (0800 GMT); expected attendees include
TIM CEO Pietro Labriola, Roberto Viola from EU Commission via
video message, Communications Authority AGCOM Commissioner Laura
Aria, telecommunication association (ASSTEL) President Massimo
Sarmi.
Rome, Italian Competition Authority President Roberto
Rustichelli presents annual 2022 report in the Senate (0900
GMT).
Milan, public presentation "Light is Life. A2A Light
Festival; the Third Energy Paradise at Monte Isola", expected
attendees include A2A A2.MI CEO Renato Mazzoncini, Brescia
Mayor Laura Castelletti, Bergamo Mayor Giorgio Gori, Monte Isola
Mayor Fiorello Turla (0900 GMT).
Milan, Brunello Cucinelli BCU.MI presents the project for
the rebirth of the ancient village of Castelluccio di Norcia
after the earthquake (0930 GMT).
Turin, 'La Stampa' newspaper hosts event where expected
attendees include: at morning session Piedmont Region Governor
Alberto Cirio, Turin Mayor Stefano Lo Russo, Environment and
Energy Security Minister Gilberto Pichetto Fratin, Banco BPM
BAMI.MI Chairman Massimo Tononi (0830 GMT; at afternoon
session Iren IREE.MI Chairman Luca Dal Fabbro, CRT Foundation
Chairman Fabrizio Palenzona, Compagnia di Sanpaolo Foundation
Chairman Francesco Profumo (1500 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/