Italy - Factors to watch on Sept. 27

Digital Magics SpA

27/09/2021 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 .
    
    GENERAL
    Italy reported 44 coronavirus-related deaths on Sunday,
compared with 50 the day before, the health ministry said, and
the daily tally of new infections fell to 3,099 from 3,525.
    
    POLITICS
    Prime Minister Mario Draghi is meeting the leaders of
Italy's three biggest trade unions on Monday. Last week Draghi
said he would like to forge a pact with big business and trade
unions to help Italy rebuild from the economic chaos triggered
by the COVID-19 pandemic.
    
    Italian Foreign Affairs Minister Luigi Di Maio said on
Sunday that the Taliban government in Afghanistan could not be
recognised, but urged foreign governments to prevent a financial
collapse there that would spark massive flows of migrants.
    Asked whether a date has been set for G20 leaders to meet on
Afghanistan, Di Maio said that it will be "in the coming weeks".
    "The date is not yet public but conditions are in place to
convene the summit of the G20 leaders, who will be chaired by
Prime Minister Mario Draghi," he said.  urn:newsml:reuters.com:*:nL8N2QS0EO
    
    The state-appointed administrators of Alitalia, the old
Italian carrier set to be replaced by Italia Trasporto Aereo
(ITA) from Oct.15, have told employees in a letter that they
would receive halved wages this month, Italian newspapers
reported on Sunday.
    Alitalia will pay the remaining 50% of salaries at the end
of its brand sale procedure, the administrators said.
               
    ECONOMY
    ISTAT releases August non-EU foreign trade (0800 GMT).
    Fund managers' association Assogestioni releases August
data.
    Economy Minister Daniele Franco said on Staturday Italian
economy would grow about 6% this year and at least 4% in 2022.
    
    DEBT
    Italy's Treasury said on Friday it would offer up to 6.25
bln euros over 3 three bonds on Sept. 29.  urn:newsml:reuters.com:*:nS8N2JP0BA
    Italy's Treasury said on Friday it would offer new BTP bonds
with 3-, 7- and 10-yr maturities in the last three months of
this year.  urn:newsml:reuters.com:*:nS8N2JP0BB
    
    COMPANIES
    ENI  ENI.MI 
    Soaring gas prices as winter approaches are evidence that
the European Union needs to work out a long-term energy security
plan, the head of Italy's Eni ENI.MI has told La Repubblica
newspaper.  urn:newsml:reuters.com:*:nL8N2QH4TZ
    
    UNICREDIT  CRDI.MI , MONTE DEI PASCHI  BMPS.MI 
    Italy's Treasury is confident it will be able to announce a
deal to sell selected parts of state-owned bank Monte dei Paschi
(MPS)to rival UniCredit next month, four sources close to the
matter told Reuters.  urn:newsml:reuters.com:*:nL8N2QQ3BY
    
    GENERALI  GASI.MI 
    The insurer's board meets on Monday to discuss whether to
submit its own slate of nominees, including current CEO Philippe
Donnet, ahead of a general meeting next spring to name new
directors.
    On Friday Generali's appointments committee recommended that
the board finalise a slate of nominees for its renewal keeping
Donnet as CEO for another term, three sources close to the
situation told Reuters.  urn:newsml:reuters.com:*:nL1N2QQ1G6
    
    NEXI  NEXII.MI  
    The company is interested in working on a digital version of
the euro, but there are no formal talks with the European
Central Bank (ECB), the Italian payment group's corporate and
external affairs director Saverio Tridico said on Friday.
 urn:newsml:reuters.com:*:nL8N2QQ3ST
    
    MONCLER  MONC.MI 
    Chief Executive Remo Ruffini said on Saturday he had no
intention of selling shares in the group and reiterated that he
was not looking at other acquisition targets after buying
streetwear label Stone Island. He said the business was seeing
good signs of recovery in Europe, where U.S. and Russian
tourists began to return in higher numbers than expected over
the summer. China and the U.S. market were going well, he said,
adding the situation was more uncertain in Japan because of
intermittent COVID-19 restrictions.
    
    CARIGE  CRGI.MI 
    The European Central Bank has asked the troubled bank's top
shareholder, Italy's FITD depositor protection fund, for
reassurances it would be ready to join an eventual capital
increase next year, if M&A options for Carige were delayed as
Rome prioritises a solution for Monte dei Paschi, daily La
Stampa said on Saturday.
    
    BANCA POPOLARE DI SONDRIO  BPSI.MI 
    The European Central Bank has requested the bank to remove a
clause form the its new bylaws allowing double voting rights for
those investors holding shares for more than two years after the
co-operative lender's imminent transformation into a joint-stock
company, daily La Repubblica said on Saturday.
    
    LA DORIA  LDO.MI 
    Private equity group Investindustrial has started
preliminary talks to buy the juice and canned tomato producer,
Il Sole 24 ore said on Saturday after the company last week said
its majority investor was exploring various options regarding
its stake.  urn:newsml:reuters.com:*:nL8N2QQ1ZK
    
    IPO
    Italian gaming group Sisal has picked Deutsche Bank, JP
Morgan and UniCredit  CRDI.MI  to arrange an initial public
offering at the beginning of next year, two sources close to the
matter told Reuters.  urn:newsml:reuters.com:*:nL8N2QQ2SW
    
    ATLANTIA  ATL.MI 
    Atlantia's unit Aeroporti di Roma (ADR) has decided to leave
the Italian association of airport operators Assaeroporti, it
said on Friday.
    
    DANIELI & C  DANI.MI 
    Board meeting on FY results.
    
    DIGITAL MAGICS  DMG.MI 
    Starts capital increase; ends on Oct. 15.
    
    DIARY
    G20 and Bank of Italy start "Enhancing Digital and Global
Infrastructures in Cross-border Payments" via videoconference
(1440 GMT); ends on Sept. 28. On Monday Bank of Italy Governor
Ignazio Visco delivers opening address; expected attendees
include International Monetary Fund (IMF) Managing Director
Kristalina Georgieva, European Central Bank (ECB) board member
Fabio Panetta.

    Rome, Transport Regulatory Authority (ART) holds news
conference to present annual report to Parliament (0800 GMT).
    Bologna, Bologna, Industry Minister Giancarlo Giorgetti
attends events (from 0845 GMT).
    Genoa, G20 "High Level Conference on Local Infrastructure";
attendees include Economy Minister Daniele Franco, Ecological
Transition Minister Roberto Cingolani, Infrastructure Minister
Enrico Giovannini, Fincantieri  FCT.MI  CEO Giuseppe Bono and
Director General Alberto Maestrini, Webuild  WBD.MI  CEO Pietro
Salini (from 1030 GMT).
    Rome, A2A  A2.MI  CEO Renato Mazzoncini presents his book
"E-turn", with Infrastructure Minister Enrico Giovannini (1530
GMT).
    Milan, women's fashion shows "Milano Moda Donna 2022
Spring/Summer" end.
    
    
    ((Milan newsroom, +39 02 6612 9507, fax +39 02 801149, 
milan.newsroom@news.reuters.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/