Italy - Factors to watch on Oct. 20

Danieli & C Officine Meccaniche SpA

20/10/2023 05:00

The following factors could affect Italian markets on Friday.
    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
    
    
    ECONOMY
    S&P Global rating agency scheduled review of sovereign debt
rating on Italy.
    Italy remains open to a possible investment by Intel
 INTC.O  in the country and would also welcome other chip
makers, Industry Minister Adolfo Urso said on Wednesday.
    
    DEBT
    Treasury announces sale of BTP Short and BTPei bonds, with
relative amounts to be auctioned on Oct. 25.
    
    COMPANIES
    FERRAGAMO  SFER.MI  
    Sales at the Italian luxury goods group fell by 9.2% at
constant exchange rates in the first nine months of the year, in
line with market expectations, hit by weak demand in Asia and
North America.
    
    CUCINELLI  BCU.MI  
    The Italian luxury group on Thursday raised its revenue
guidance for 2023 again after posting a jump in sales at
constant exchange rates in the first nine months of the year.
    
    ENI  ENI.MI 
    Eni reacted positively to a broad easing of U.S. oil
sanctions on Venezuela, where the Italian group is currently
present with natural gas production.
    
    MEDIOBANCA  MDBI.MI  
    The U.S. funds CalSTRS and New York City Comptroller said on
Thursday they would vote in favour of the outgoing board's slate
of nominees for the new Mediobanca board at the bank's annual
meeting this month.
    
    TELECOM ITALIA (TIM)  TLIT.MI  
    Italy's government is confident that the state-backed plan
to restructure TIM through the sale of its prized fixed network
assets to U.S. fund KKR  KKR.N  will succeed, Industry Minister
Adolfo Urso said on Thursday.
    
    TIM's top shareholder Vivendi  VIV.PA  will express itself
officially on the KKR bid in upcoming shareholders' meetings,
CFO Francois Laroze said on Thursday, restating that Vivendi
expects a 30-billion-euro ($31.78 billion) price tag for the
network assets.
    Laroze added that Vivendi is still contemplating all the
options as regards to its stake in TIM and will "decide again in
the coming months" on the issue.
    
    STELLANTIS  STLAM.MI 
    The Italian government has no plans to take a stake in the
Franco-Italian automaker, Industry Minister Adolfo Urso said on
Thursday.
    
    DANIELI & C  DANI.MI 
    News conference online to presents FY results (1300 GMT),
followed by analysts presentation (1500 GMT).
    
    JUVENTUS  JUVE.MI  
    The Serie A club said on Thursday it will provide full
support to Nicolo Fagioli after the Italian Football Federation
(FIGC) confirmed the player's seven-month banfor breaching rules
on betting on matches has begun.
    
    DIARY
    Rome, Bank of Italy holds conference "SSM Regulation, ten
years since"; Bank of Italy Governor Ignazio Visco delivers
opening address (0730 GMT); expected attendees include ECB board
member Elizabeth McCaul, European Banking Authority (EBA)
Executive Director Francois-Louis Michaud (1230 GMT); banking
association ABI Director General Giovanni Sabatini (1400 GMT).
    Rome, Industry Minister Adolfo Urso attends event "Natural
Intelligence" (0830 GMT), attends national congress of
accountants via videoconference (1100 GMT).
    Arzignano, Vicenza chapter of business lobby Confindustria
holds general meeting; Industry Minister Adolfo Urso and
Confindustria President Carlo Bonomi attending (1500 GMT).
    Bolzano, Economy Minister Giancarlo Giorgetti (0730 GMT) and
Transport Minister Matteo Salvini (1600 GMT) attend events for
provincial elections in South Tyrol.
    
    ((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/ 


($1 = 0.9440 euros)