Italy - Factors to watch on July 29

DiaSorin SpA

29/07/2024 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 vowed on Sunday to
"relaunch" cooperation with China, signing a three-year action
plan during her first official visit to Beijing since taking
office.
    The Italian leader also said that an industrial cooperation
memorandum signed by Italy and China includes strategic
industrial sectors such as electric mobility and renewables.
    
    ECONOMY
    The Bank of Italy said on Friday the country's lenders had a
limited exposure to Portugal's residential property market and
there was no need to ask them to hold additional capital against
such exposure.
    
    ISTAT releases June non-EU foreign trade data (0800 GMT).
    
    DEBT
    The Treasury said on Friday it had cancelled the medium-long
term bond auction scheduled for August 13 and inflation-linked
BTPei auction scheduled for August 27. Other auctions, including
the Bill sale scheduled for August 9, will be held regularly.
    
    COMPANIES
    LEONARDO  LDOF.MI 
    The Franco-German aerospace giant Airbus has signed a
Memorandum of Understanding with the Italian defence group to
strengthen collaboration in the Nh90 military helicopter, the
Franco-German aerospace giant CEO Guillaume Faury told Il
Sole-24 Ore in an interview published on Sunday.
    
    SARAS  SRS.MI 
    Global commodity trader Vitol is not worried about the low
acceptance rate of its mandatory tender offer for Italian oil
refiner Saras  SRS.MI , its CEO Russell Hardy told Il Sole-24
Ore in an interview on Saturday.
    "In any case, we also feel comfortable as shareholders in a
listed company: we already have experience in this role in two
companies with which we have long-standing ties, both taken over
by Shell," Hardy said referring to Vivo Energy, which was listed
in London for four years before Vitol took full control and
privatised it, and Viva, which is still listed in Australia.
    
    ENI  ENI.MI 
    The energy group could pocket more than 8 billion euros 
($8.69 billion) in net proceeds from disposals by 2027, CEO
Claudio Descalzi said on Friday after the group reported
second-quarter results ahead of consensus.
    
    TERNA  TRN.MI 
    Power grid operator reported on Friday a 23% annual rise in
its core earnings for the first half of the year, mainly thanks
to an increase in revenues from regulated activities.

    IREN  IREE.MI 
    Rating agency Fitch confirmed the utility's 'BBB' rating and
cut its outlook to 'stable' from 'positive'.
   
    DIASORIN  DIAS.MI 
    Board meeting on H1 results, followed by conference call
(1500 GMT).
    
    DIARY
    Prime Minister Giorgia Meloni continues her state visit to
China; ends on July 31.
    
    ((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 = 0.9206 euros)