Italy - Factors to watch on Nov. 24
24/11/2023 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 .
ECONOMY
Italy should be taking tougher action to deal with its
deficit and debt levels, the head of the International Monetary
Fund said in an interview published online on Thursday.
DEBT
Italy's Treasury said on Thursday it would offer 7.5 billion
euros in six-month bills at an auction on Nov. 28.
Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Nov. 29.
COMPANIES
ENI ENI.MI
Italy's Eni will invest $10 billion in the development of
the Baleine field offshore Ivory Coast, which will take place in
three phases from 2023 to 2027, Energy Minister Mamadou
Sangafowa Coulibaly said on Thursday.
BANKS
Italian banks and the sector's unions on Thursday signed a
new labour contract that will increase workers' pay on average
by a gross 435 euros a month starting from December, the main
banking union said.
MEDIOBANCA MDBI.MI
The lender said on Thursday it had named Vittorio Pignatti
Morano and Sabrina Pucci as deputy chairpersons.
STATE-CONTROLLED COMPANIES
The sale of a 25% stake in Monte dei Paschi di Siena
BMPS.MI by Italy's Treasury earlier this week could serve as a
template for Rome's strategy to cut its stake in other
state-controlled companies, Economy Minister Giancarlo Giorgetti
said on Thursday.
Answering to whether resorting to an accelerated
book-building could be an option to cut the government holding
in Poste Italiane PST.MI , Giorgetti said that the placement is
a tool that "is envisaged for many things".
STELLANTIS STLAM.MI
Stellantis will lift its 2030 revenue target for its
recycling and reconditioning unit after its revenue grew 25% so
far this year, the automaker's CEO said on Thursday, adding that
the business would help make electric vehicles more affordable.
DESTINATION ITALIA DIT.MI
Ends capital increase (started on Nov. 6).
DIARY
Economy Minister Giancarlo Giorgetti attends via
videoconference business lobby Confindustria 'Como Lecco and
Sondrio' body meeting (1330 GMT).
Rome, farmers' body Coldiretti and The European House
Ambrosetti end annual "Agricolture and Food forum" (0800 GMT);
expected attendees include Coldiretti President Ettore Prandini,
Interior Minister Matteo Piantedosi, Industry Minister Adolfo
Urso, Economy Minister Giancarlo Giorgetti via videoconference,
Eni ENI.MI CEO Claudio Descalzi.
Rome, Bank of Italy holds news conference to present new
"Financial Stability Report" in presence and online (1030 GMT).
Baveno, "Tourism International Forum" starts (1300 GMT);
ends on Nov. 25. expected attendees include Agriculture Minister
Francesco Lollobrigida, Brunello Cucinelli BCU.MI Chairman and
CEO Brunello Cucinelli, Prime Minister Giorgia Meloni (1530
GMT); Industry Minister Adolfo Urso, Foreign Minister Antonio
Tajani.
Verona, Prime Minister Giorgia Meloni meets Veneto
region Governor Luca Zaia to sign a protocol (1030 GMT).
Vatican City, Pope Francis receives Cyprus President Nikos
Christodoulides (0830 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/