Italy - Factors to watch on April 24

DiaSorin SpA

24/04/2024 05:00

The following factors could affect Italian markets on Wednesday.
    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
    Italy's Senate gave final approval on Tuesday to a contested
government plan to allow groups who "support motherhood" into
abortion clinics to try to deter women from terminating
pregnancies.
    
     Italy's cabinet approved a bill on Tuesday aimed at laying
down ground rules for the use of Artificial Intelligence (AI),
earmarking investment in the sector and setting sanctions for
AI-related crimes, ministers said.
    
    ECONOMY
    Ratings agency Fitch said on Tuesday that a
larger-than-expected take-up of the Italy's 'Superbonus' tax
credit scheme for energy-saving home improvements has put the
country's debt-to-GDP ratio on an upward trajectory.
    The agency also warned in a statement that reduced fiscal
space might complicate fiscal and economic policymaking and
increase tensions within the coalition government.
    
    
    ISTAT releases April consumer and business confidence data
(0800 GMT).
    
    DEBT
    Treasury sells 1.5 billion euros 12-month BOT bills due July
12, 2024; 1.5 billion euros 12-month BOT bills due Aug. 14,
2024; 3.0 billion euros 12-month BOT bills due Nov. 14, 2024.
Subscriptions close at 0900 GMT.

    The Treasury said on Tuesday it would offer up to 10.25 bln
euros of bonds at auction on April 29.
    
    
    COMPANIES
    ENI  ENI.MI 
    Ithaca Energy  ITH.L  agreed on Tuesday to buy Eni's UK
upstream oil and gas assets for about 754 million pounds ($938
million), in a move to create one of the biggest independent
operators in the North Sea. Eni will transfer its UK business in
exchange for 38.5% of Ithaca's share capital.
    On Wednesday the Italian energy group releases Q1 results
(0500 GMT), followed by conference call (1200 GMT).
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    European Union antitrust regulators are asking rivals and
customers whether the proposed acquisition of the former Italian
phone monopoly's fixed-line access network by U.S. investment
firm KKR  KKR.N  could hamper Italy's wholesale market, people
familiar with the matter said on Tuesday.
        Telecom Italia holds a board meeting on Wednesday (1130
GMT).
  
        
  
        RECORDATI  RECI.MI 
  
    Private equity firm CVC Capital Partners is exploring
options for its controlling stake in the Italian drugmaker,
Bloomberg News reported on Tuesday, citing people familiar with
the matter.
    
    ENEL  ENEI.MI 
    Italy's biggest utility Enel said in its 2023 sustainability
report that it would fall short on one of the key performance
indicators in its sustainability-linked bonds. As a consequence,
the group will have to pay a step-up that could exceed 100
million euros according to IFR.
    Ten euro and U.S. dollar bonds, all issued by its Enel
International Finance NV vehicle, are affected. These comprise
five in each currency totalling 5.75 billion euros and $4.75
billion with maturities ranging from 2025 to 2031, IFR said.
    
    ASSICURAZIONI GENERALI  GASI.MI 
    Annual general meeting (0700 GMT).
    
    INTESA SANPAOLO  ISP.MI 
    Annual and extraordinary shareholders' meetings (0800 GMT).
    
    A2A  A2.MI 
    Annual general meeting (0800 GMT).
    
    MONCLER  MONC.MI 
    Annual general meeting (0800 GMT), followed by board meeting
on Q1 results, conference call (1600 GMT).
    
    INDUSTRIE DE NORA  DNR.MI 
    Annual general meeting (0800 GMT).
    
    UNIPOL  UNPI.MI 
    Annual general meeting (0830 GMT).
    
    AZIMUT HOLDING  AZMT.MI 
    Annual and extraordinary shareholders' meetings (0900 GMT).
    
        TOD'S  TOD.MI 
  
        Annual and extraordinary shareholders' meetings (0900
GMT).
  
    
    FINECOBANK  FBK.MI 
    Annual and extraordinary shareholders' meetings (1030 GMT).
    
    DIASORIN  DIAS.MI 
    Annual general meeting (1230 GMT).
    
    AMPLIFON  AMPF.MI 
    Annual general meeting (1500 GMT).
    
    MAIRE TECNIMONT  MTCM.MI 
    Board meeting on Q1 results, followed by conference call
(1530 GMT).
    
    YOLO GROUP  YOLO.MI 
    Ends capital increase.
    
    DIARY
    Rome, Senate examines the government's economic and
financial document (DEF) (0800 GMT).
        Rome, news conference to present National Cybersecurity
Agency's (ACN) annual report to Parliament with Cabinet
Undersecretary Alfredo Mantovano, Intelligence Parliamentary
Committee COPASIR President Lorenzo Guerini, ACN Director
General Bruno Frattasi (0830 GMT).
  
    Industry Minister Adolfo Urso's agenda on Wednesday:
    * attends via videoconference at exhibition "Transmission
tests" on the occasion of the 150th anniversary of Guglielmo
Marconi's birth (0900 GMT);
    * attends news conference 'investment desk' (0930 GMT);
    * attends presentation of the exhibition "Guglielmo Marconi,
on the 150th anniversary of his birth" (1300 GMT);
    * attends meeting on "100% Made in Italy cotton" (1430 GMT).
    Rome, U.N. food agency FAO releases "Global Report on Food
Crises (GRFC 2024)" and holds high-level launch event (1200
GMT); expected attendees include FAO Director General Qu Dongyu
and UN World Food Programme (WFP) Executive Director Cindy
Hensley McCain in presence, Stefano Gatti form Foreign Ministry;
UN High Commissioner for Refugees (UNHCR) Filippo Grandi online.
    Milan, Il Foglio holds annual sport event "Foglio Sportivo
2024" (0730 GMT); expected attendees include Sport and Youth
Minister Andrea Abodi, soccer league Serie A President Lorenzo
Casini, Lombardy region Governor Attilio Fontana, Federazione
Italiana Giuoco Calcio (FIGC) President Gabriele Gravina,
Italian Olympic Committee (CONI) President Giovanni Malago, AC
Milan President Paolo Scaroni, Milano-Cortina 2026 Foundation
CEO Andrea Varnier.
    
    ((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/