Italy - Factors to watch on Nov. 21

Danieli & C Officine Meccaniche SpA

21/11/2022 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 new government is set to announce some 30 billion euros
in new spending on Monday in its 2023 budget, mainly focused on
curbing the impact of high energy prices while postponing some
of its most lavish election promises.  urn:newsml:reuters.com:*:nL1N32G089
    DEBT
    Italy's cost of funding will rise to around 1.5% by year-end
from a record low of 0.1% in 2021, Italian debt chief Davide
Iacovoni told Reuters on Friday.
    Foreign investors bought around 52% of the share of the new
BTP Italia bond offered to institutional buyers, Iacovoni added.
    Treasury announces sale of BTP Short and BTPei bonds, with
relative amounts to be auctioned on Nov. 24.
    Fitch on Friday reaffirmed Italy's long-term sovereign
rating at BBB, with a stable outlook.
    COMPANIES
    SAIPEM  SPMI.MI 
    The Italian energy contractor said on Friday that Algeria's
supreme Court rejected the appeal by a group of defendants
including Saipem against the ruling of Algeris' court of appeals
to fine them in a case centred around a natural gas contract in
the country.
    TELECOM ITALIA (TIM)  TLIT.MI 
    Italy's government officials will hold a key meeting this
week to discuss the future of the telecom's group broadband
network, before a month-end deadline for state lender CDP to
submit a non-binding offer for the asset, daily Il Corriere
della Sera said on Saturday. CDP has already prepared an offer
with a preliminary valuation of between 15-16 billion euros, the
report added.
    CDP Chairman Giovanni Gorno Tempini said on Friday the state
lender had its own operational independence from governments and
their preferences, including on the TIM deal.
    La Repubblica newspaper reported on Sunday that TIM and CDP
advisors were reshaping the offer as a sale of the majority of
the infrastructure, of which CDP would become the main
shareholder. The rest would be valued at a later date. Industry
Minister Adolfo Urso denied the report.
    INTESA SANPAOLO  ISP.MI 
    Italy's largest bank Intesa Sanpaolo said on Friday it had
repaid around 13 billion euros in ECB's Targeted Longer Term
Refinancing Operation(TLTRO) III funds.
    BANCO BPM  BAMI.MI , BPER BANCA  EMII.MI 
    The two Italian lenders did not repay on Friday any funds
obtained under the ECB's Targeted Longer Term Refinancing
Operation (TLTRO) III scheme, sources close to the matter said.
    ATLANTIA  ATL.MI 
    Vehicle Schema Alfa re-opens full takeover bid on Atlantia
shares; ends on Nov. 25.
    ENEL  ENEI.MI 
    Europe's largest utility might say it would also sell its
assets in Romania, as well as those in Peru, as part of its new
business plan it presents on Tuesday, daily Il Sole 24 Ore said
on Saturday.
    REVO INSURANCE  REVO.MI 
    Shares listed on Euronext STAR Milan segment as of Monday.
    M&A, ITA AIRWAYS
    Lufthansa  LHAG.DE  is still interested in buying into
state-controlled Italian carrier ITA Airways, a spokesman said
on Friday, despite reports that its original partner in the
mooted deal had pulled out.
    Trade ex-dividend: BANCA MEDIOLANUM  BMED.MI  of 0.24 euro
per share as 2022 interim dividend; ENI  ENI.MI  of 0.22 euro
per share as 2022 second tranche; INTESA SANPAOLO  ISP.MI  of
0.0738 euro per share as 2022 interim dividend; MEDIOBANCA
 MDBI.MI  of 0.75 euro per share; POSTE ITALIANE  PST.MI  of
0.21 euro per share as 2022 interim dividend; RECORDATI
 RECI.MI  of 0.55 euro per share as 2022 interim dividend;
TENARIS  TENR.MI  of 0.17 U.S. dollars per share as 2022 interim
dividend; TERNA  TRN.MI  0.1061 euro per share as 2022 interim
dividend; BANCA IFIS  IF.MI  of 1.00 euro per share as 2022
interim dividend; DANIELI & C  DANI.MI  of 0.2793 euro per
ordinary share and 0.30 euro per saving share.
    DIARY
        Rome, Cabinet meeting to approve 2023 budget.
    ((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/