Italy - Factors to watch on August 5

Defence Tech Holding SpA SB

05/08/2024 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
    Italian Prime Minister Giorgia Meloni discussed the crises
in the Middle East and Venezuela with her French counterpart
Emmanuel Macron on Friday, on the sidelines of the Olympics in
Paris, their offices said.
    
    
    ECONOMY
    July services PMI HCOB data (0745 GMT).
    
    COMPANIES
    BANKING, ENERGY AND LUXURY SECTORS
    The government could impose a new tax on banks in case
fiscal proceeds are low, La Repubblica reported on Saturday,
adding that the gap to be covered by a new solidarity
contribution would be about 4 billion euros.
    Italy's government has no plans to introduce new windfall
taxes on companies' profits, government sources said on Friday,
after some Italian newspapers reported this week that the
cabinet was discussing new levies on banks, insurers, energy
companies and luxury goods firms.     
    
    TELECOM ITALIA (TIM)  TLIT.MI  
    Pietro Labriola, chief executive of the Italian phone group,
is confident of completing the sale of its Sparkle and Inwit
 INWT.MI  stakes this year, he was quoted as saying by Il
Giornale on Sunday. He added that a merger with Iliad or Poste
Italiane's telecoms unit was theoretically possible if the
conditions for a consolidation of the sector in Italy were met.
            
    STELLANTIS  STLAM.MI 
    The National Highway Traffic Safety Administration on Friday
upgraded and expanded its investigation into nearly 1 million
Stellantis Dodge sport utility vehicles over faulty door locks
and windows after a report of one death tied to the issue.
    
    ACEA  ACE.MI 
    A commission charged with evaluating the economic-financial
aspects of Acea's proposal for Rome's waste-to-energy has given
its approval to the 950 million euro project, Italian daily Il
Sole 24 Ore reported on Saturday. The waste treatment fee will
drop to about 179 euros from 185 euros in the submitted
proposal, it added.
    
    A2A  A2.MI , ASCOPIAVE  ASCI.MI  
    The Milan-based utility can get the resources to cover the
recent acquisition of Enel's  ENEI.MI  power grid in the north
from the sale of part of its gas grid network to Ascopiave,
Milano Finanza reported on Saturday, adding A2A has already
issued a hybrid bond to finance part of the deal with Enel. 
    
    DEFENCE TECH HOLDING  DTH.MI   
    The Italian cyber-security group Tinexta  TNXT.MI  said on
Friday it set price at 3.15 euros ($3.44) per share in context
of takeover offer for the defence company.
    
    Milan Stock Exchange After Hours market closed.
    
    DIARY
    Rome, Industry Ministry convenes representatives from trade
unions FIM, FIOM, UILM, UGL, USB to a meeting chaired by
Industry Minister Adolfo Urso to update on steel and automotive
dossiers (1300 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/ 


($1 = 0.9165 euros)