Italy - Factors to watch on March 11

Danieli & C Officine Meccaniche SpA

11/03/2021 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 .
        
    GENERAL
    Italy reported 332 coronavirus-related deaths on Wednesday
against 376 the day before, the health ministry said, while the
daily tally of new infections rose to 22,409 from 19,749 the day
before.  urn:newsml:reuters.com:*:nS8N2KA02Y
      
    DEBT
    Treasury sells BTP bonds. Subscriptions close at 1000.
    
    COMPANIES
    PIRELLI  PIRC.MI 
    The Italian tyre-maker said on Wednesday it expects to
increase sales and profitability this year as an improving
outlook for the global car tyre market signalled a recovery from
the slump caused by the coronavirus crisis.  urn:newsml:reuters.com:*:nL8N2L865A
    
    PRYSMIAN  PRY.MI  
    The Italian cable maker has capital has capital available
and desires to look for an acquisition target in the next one or
two years, possibly in North America, which is a strong market,
its CEO said on Wednesday.  urn:newsml:reuters.com:*:nL8N2L85VJ 
    The group added it plans to lift its capital expenditure by
100 million euros ($119 million) globally over the next decade
in an effort to cut its carbon footprint faster and be net
carbon-neutral by 2040.  urn:newsml:reuters.com:*:nL8N2L855U
    
    TOD'S  TOD.MI 
    The Italian fashion group said on Wednesday it was positive
about this year despite uncertainty over the COVID-19 pandemic,
after posting a smaller than expected net loss in 2020.
    Chief Finance Officer Emilio Macellari said the 2021 market
consensus, pointing to a 16% rise in revenue and an operating
loss of 35 million euros ($42 million), was "reasonable and
doable".  urn:newsml:reuters.com:*:nL8N2L867D 
    
    LEONARDO  LDOF.MI 
    The Italian aerospace and defence group is confident it will
meet guidance this year on earnings, debt and cash flow despite
bigger losses at its Aerostructures division, senior managers
said on Wednesday.  urn:newsml:reuters.com:*:nL8N2L82MW
    
    ENI  ENII.MI 
    The italian energy group said on Wednesday it has closed
agreemtn with its partners for the restart of the Damietta
liquefied natural gas plant in Egypt, and has reached a amicable
settlement of Union Fenosa Gas disputes.  urn:newsml:reuters.com:*:nFWN2L814B 
   It added it was planning to appeal a court ruling finding it
guilty of illegal waste trafficking at a plant in southern
Italy.  urn:newsml:reuters.com:*:nL8N2L86KQ
        
    GENERALI  GASI.MI 
    The insurer releases FY results (0630), followed by
conference call (1100).
    
    ITALGAS  IG.MI 
    The group releases FY results, followed by conference call.
    
    ATLANTIA  ATL.MI  
    infrastructure group publishes FY results (preliminary
results on Feb. 5).
    
    AUTOGRILL  AGL.MI 
    The caterer releases FY results.
    
    BANCA CARIGE  CRGI.MI  (shares suspended)
    The Italian regional lender said on Wednesday net loss has
grown to 251.6 million euros for the 11-month in 2020 compared
to 185.3 million euros in prelimary data due to a deffered tax
assets writedowns for the pandemic scenario.  urn:newsml:reuters.com:*:nFWN2L814M    
    
   CREVAL  PCVI.MI 
   Creval Investor Alta Global will reject Credit Agricole's
 CAGR.PA  takeover bid for the Italian lender at the current
offer price as it is lower than the bank's fair value, the
fund's founder and CEO Viatcheslav Pivovarov told Bloomberg on
Wednesday.  urn:newsml:reuters.com:*:nL4N2L82N2
    
    AEDES  AED.MI 
    The company ends capital increase.
    
    DANIELI  DANI.MI  
    Danieli & C holds board meeting on H1 results.
    
    Board meetings on FY results: Azimut, DiaSorin followed by
conference call (1530), Nexi (preliminary results on Feb. 11),
Banca Ifis (preliminary results on Feb. 11), Brunello Cucinelli
(revenues results on Jan. 11) followed by conference call,
Credito Emiliano (preliminary results on Feb. 8), Safilo 
(preliminary results on Jan. 27).
    Italia Independent Group starts offer unexercised rights for
 capital increase; ends march 12 unless early closure.

    DIARY
    Milan University Politecnico, online presentation conference
 of the results of the Innovative Payments Observatory
(0830-1200). 
    Sole 24 Ore presents new online platform (1030).
    II Edition Campania Digital Summit 2021, with industrial
digital trade association Confindustria Digitale Chairman Cesare
Avenia, Deputy Chairman TIM Alessandro Picardi, end speech by
Campania President Vincenzo De Luca (0800-1600). 
     
    ROME
    Senate, Labor Committee, hearing with Labor Minister Andrea
Orlando (0830).
    Chamber of Deputies Speaker Roberto Fico signs agreement
with University Foundation CRUI to host internship programs at
Chamber of Deputies (0930).
    Chamber of Deputies, Finance Committee, informal
video-conference  hearing with Institute for insurance
supervision IVASS representatives (1300). 
    Chamber of Deputies, Foreign Committee, informal
video-conference audition with General Secretary of the
Association of Italian Chambers of Commerce Abroad
Assocamerestero Domenico Mauriello (1200).
    Chamber of Deputies, Foreign Committee joint with EU
Politics, informal hearing with EU and Foreign Minister of
Albania Olta Xhacka (1300).
    Chamber of Deputies, Social Affairs Committee, hearing with
Minister for disabilities Erika Stefani (1200).
    Senate, Budget Committee, informal video-conference hearings
with representatives from railways Groups FS (0850); National
Anti-Corruption Authority Anac (1150); energy infrastructure
operators Snam (1230); national entity for electricity Enel
(1250); energy and infrastructure engineering company Saipem
(1310); railways company Italo (1330).
    Ministry of economic development, roundtable about vaccines
with Minister Giancarlo Giorgetti, association of pharmaceutical
companies Farmindustria, Extraordinary Commissioner for Covid-19
Francesco Paolo Figliuolo, Ministry economic consultant for
vaccines Giovanni Tria (1430).
    Ex-Ilva, ArcelorMittal request suspension on shutdown
postponed to today by the Council of State. 
    
    EUROPE
    Eurozone, ECB Council in Frankfurt; followed by rate
announcement (1245) and press conference (1330).
    
    ((Milan newsroom,+39 02 6612 9507, fax +39 02 801149,
milan.newsroom@news.reuters.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/