Italy - Factors to watch on June 20

Doxee SpA

20/06/2024 05:00

The following factors could affect Italian markets on Thursday.
    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 will take a "responsible" approach to its budget
policy, Economy Minister Giancarlo Giorgetti said, after the
European Commission recommended disciplinary budget steps
against Rome along with six other countries over their high
fiscal gaps.
    
    DEBT
    Treasury announces sale of BTP Short and BTPei bonds, with
relative amounts to be auctioned on June 25.
    
    COMPANIES
        TELECOM ITALIA (TIM)  TLIT.MI 
    Telecom Italia (TIM) is working to finalise the sale of its
fixed line network to KKR  KKR.N  on July 1, the telecoms group
CEO told during investors meeting at Mediobanca headquarters in
Milan, according to a source briefed on the matter. Pietro
Labriola also said the company could consider M&A for its
domestic operations, according to the same source. In
particular, it could consider a merger of its enterprise
business with a peer in the IT sector, while the consumer
business could explore a deal with a rival.
    
    MEDIA
    Advertising spending in Italy rose 6.7% year-on-year in
April, Nielsen said on Wednesday.
    
    DOXEE  DOXE.MI 
    Ends capital increase.
    
    DIARY
    Economy Minister Giancarlo Giorgetti attends a Eurogroup
meeting in Luxembourg.
        Rome, Cabinet chaired by Prime Minister Giorgia Meloni
(1500 GMT). It is likely to adopt a package of measures aimed at
boosting procurement and reuse of critical raw materials.
            
    ((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/