Italy - Factors to watch on June 26
26/06/2023 05:00
The following factors could affect Italian markets on Monday.
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
The aborted mutiny has shattered "the myth" of Russian unity
under President Vladimir Putin, Italian Foreign Minister Antonio
Tajani said in an interview with Sunday's Il Messaggero
newspaper.
"One thing is certain: the Russian front is weaker than
yesterday. I hope that peace will now be closer. We wait to see
Russia's next moves in Ukraine", Tajani said.
It would be "a mistake" for the Italian parliament to vote
now on the ratification of the reformed eurozone bailout fund
(ESM), Prime Minister Giorgia Meloni said on Saturday.
Meloni had previously said Italy should not ratify the
treaty on the ESM without knowing first how euro zone budget
rules will be changed.
DEBT
Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on June 30.
COMPANIES
MAIRE TECNIMONT MTCM.MI
The Italian engineering group said on Saturday it had won
two contracts valued at about $2 billion related to a
petrochemical expansion at the SATORP refinery in Saudi Arabia,
a joint venture between Saudi Aramco and French company
TotalEnergies TTEF.PA .
ENI ENI.MI
Eni said on Friday that synergies from the $4.9 billion
acquisition of private-equity backed Neptune Energy could reach
$1 billion as the two groups integrate their operations across
key geographies.
BANCA MEDIOLANUM BMED.MI
Heirs of the late Silvio Berlusconi are unlikely to cut the
30% stake in the asset manager held by the family's holding
company Fininvest, Banca Mediolanum's CEO Massimo Doris in an
interview with MilanoFinanza on Saturday.
But were they to reduce their stake, the Doris family would
definitely buy another 3-4% and the rest could go on the market,
Doris said. He added that institutional investors had flagged
their interest when a court sentence led the market to expect
Berlusconi would have to sell.
Fininvest will now undergo a 'fit and proper' assessment
that will sort out any problems. Doris added that he would
welcome a member of the Berlusconi family on the Mediolanum
board.
PIRELLI PIRC.MI
A spokesman for the tyremaker said on Saturday that the
company was working to guarantee the safety of all its employees
in Russia amid the military revolt there, and there were no
Italians among Pirelli staff in the area affected by the
conflict.
INDUSTRIE DE NORA DNR.MI
Thyssenkrupp and Industrie De Nora pushed ahead with the
planned initial public offering of their hydrogen joint venture
Thyssenkrupp Nucera on Friday, setting the price range at the
lower end of expectations.
TELECOM ITALIA TLIT.MI
Telecom Italia has appointed Elisabetta Romano as Chair of
its Sparkle business.
SAFILO SFLG.MI
Eyewear group Safilo said on Friday its licensing agreement
for the design, production and distribution of the eyewear
collection of Jimmy Choo would not be renewed.
CY4GATE CY4.MI
Cyber sector company debuts on Euronext Milan.
TESSELLIS TSL.MI
Starts capital increase, ends on July 10.
STMICROELECTRONICS STMMI.MI
Trades ex-dividend of 0.06 U.S. dollars as quarterly
dividend.
COVIVIO CVO.MI
De-listed on Milan Stock Exchange as of Monday after
renunciation of double listing, remains listed on Paris Stock
Exchange CVO.PA .
DIARY
Berlin, trilateral meeting with Italian Industry
Minister Adolfo Urso, German Economy and Climate Protection
Minister Robert Habeck and French Economy, Finance and
Industrial and Digital Sovereignty Minister Bruno Le Maire on
European industrial policy and critical raw materials (1200
GMT); followed by news conference (1430 GMT).
Rome, industry Ministry convenes meeting on Waertsilae
dispute (1300 GMT); expected attendees include representatives
from the company, Friuli Venezia Giulia region, employers and
trade unions.
Milan, think tank 'The urban mobility council' holds 2023
forum "Energies, infrastructures and industries for
zero-emission mobility" (1500 GMT); expected attendees include
UnipolSai US.MI CEO Matteo Laterza, Infrastructures and
Transport Deputy Minister Galeazzo Bignami, foreign car makers'
association UNRAE President and Volvo Italian CEO Michele
Crisci, Renault Group RENA.PA CEO and European Automobile
Manufacturers' Association (ACEA) President Luca De Meo,
Lombardy region Governor Attilio Fontana, Volkswagen Group
VOWG_p.DE representative Massimo Nordio, Environment and
Energy Security Minister Gilberto Pichetto Fratin.
Milan, ISPI holds conference "The imperative for resilience,
geopolitics and infrastructure in tumultuous times" (1300 GMT);
EU Commission representative Carlo Secchi delivers opening
address; expected attendees include at panel I "Building
resilience against geopolitical headwinds" Carlo Secchi and
Herald Ruijters from EU Commission; at panel II "The pillars of
contemporary infrastructure resilience" Webuild WBD.MI CEO
Pietro Salini; Infrastructure and Transport Deputy Minister
Edoardo Rixi delivers closing address.
((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/