Italy - Factors to watch on July 12
12/07/2021 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's economy minister Daniele Franco said on Saturday
virus variants were a major source of concern for the global
economy but the world should avoid imposing new restrictions on
people's lives to combat the pandemic. urn:newsml:reuters.com:*:nL8N2OM08
Italy reported seven coronavirus-related deaths on Sunday,
following 12 the day before, the health ministry said, while the
daily tally of new infections decreased to 1,391 from 1,400.
urn:newsml:reuters.com:*:nL1N2ON0CA
POLITICS
Italy's former Prime Minister Giuseppe Conte and the founder
of the co-ruling 5-Star Movement, comedian Beppe Grillo, on
Sunday reached an agreement to overcome recent differences over
the future of the party, paving the way for its relaunch.
urn:newsml:reuters.com:*:nL8N2ON0F1
ECONOMY
U.S. Treasury Secretary Janet Yellen on Sunday said that a
newly endorsed mechanism to allow more countries to tax large,
highly profitable multinational companies may not be ready for
consideration by lawmakers until spring 2022. urn:newsml:reuters.com:*:nL1N2ON053
G20 finance ministers and central bank governors endorsed
the deal over the weekend, but questions remain over the ability
of U.S. President Joe Biden's administration to persuade a
deeply divided Congress to ratify the changes.
The priority in corporate tax reform is to go ahead with a
global G20 deal, European Economics Commissioner Paolo Gentiloni
said on Saturday when asked about whether European Union's
digital services levy plan may be postponed. urn:newsml:reuters.com:*:nL8N2OM0A1
G20 finance leaders recognized carbon pricing as a potential
tool to address climate change for the first time in an official
communique on Saturday, taking a tentative step towards
promoting the idea and coordinating carbon reduction policies.
urn:newsml:reuters.com:*:nL1N2OM06S
OECD releases June composite leading indicator (1000 GMT).
Bank of Italy releases May data on bank lending and domestic
government bond holdings at Italy-based banks.
COMPANIES
Borsa Italiana will become a central component of Euronext's
ENX.PA network of stock exchanges and its MTS bond trading
platform can play a major role in raising money for the European
Union's recovery fund, the CEO of the pan-European stock
exchange Stephane Boujnah told Il Sole 24 Ore in an interview
published on Sunday. urn:newsml:reuters.com:*:nL8N2ON04C
STELLANTIS STLA.MI
The automaker has signed memorandums of understanding for
lithium supply with geothermal brine projects in California and
Germany, according to two sources. urn:newsml:reuters.com:*:nL2N2OL1HC
BANKS
Four euro zone banks, including Italy's Cassa Centrale Banca
and Iccrea Banca, that recently fell under the European Central
Bank's supervision passed a stress test exercise, which
uncovered no capital shortfalls, the ECB said on Friday.
urn:newsml:reuters.com:*:nL2N2OL1PU
M&A
Furniture maker Calligaris is ready to present an offer to
buy Dutch design brand Fatboy, in a 120-million euro deal,
partly financed by a pool of banks headed by Banco BPM
BAMI.MI , Il Messaggero reported on Saturday without citing
sources.
ATLANTIA ATL.MI
Il Messaggero on Sunday reported that Gianluca Ricci, the
co-head for M&A of CDP Equity, who followed the long
negotiations with Atlantia for the acquisition of its motorway
unit Autostrade per l'Italia (ASPI), will be the "special
observer", indicated by the consortium formed by Cdp, Blackstone
e Macquarie, who will attend all Aspi board meetings in the
interim period between the signing of the deal and its closing,
expected in the fall.
GENERALI GASI.MI
Eight of the world's leading insurance and reinsurance
companies, including Generali, on Sunday launched the Net-Zero
Insurance Alliance (NZIA) to help speed up a transition to a net
zero emissions economy. urn:newsml:reuters.com:*:nL8N2OM05O
OVS OVS.MI
Starts capital increase; ends on July 26.
DIARY
Class Editori CLED.MI "Options for the next 35 years"
online conference (0730 GMT); expected attendees include
Satispay CEO Alberto Dalmasso, CNR president Maria Chiara
Carrozza, Italian Strategic Fund (FSI) CEO Maurizio Tamagnini,
World Bank Managing Director of Operations Alex Van Trotsenburg,
Eataly founder Oscar Farinetti, Acea ACE.MI CEO Giuseppe Gola
(1140-1310); OECD Secretary General Mathias Cormann, Morgan
Stanley Vice President Domenico Siniscalco, European Banking
Association (EBA) President Jose Manuel Campa, market regulator
Consob President Paolo Savona, Italian banking association (ABI)
President Antonio Patuelli, Moncler MONC.MI Chairman and CEO
Remo Ruffini, Lead Author Digitalnews Report 2021 Reuters
Foundation Nic Newmann.
Online seminar with Culture Minister Dario Franceschini
(0900 GMT).
Rome, welfare institute INPS President Pasquale Tridico
presents annual report before Chamber of Deputies (0900 GMT).
Rome, state air traffic services group ENAV holds 40th
anniversary ceremony with President Francesca Isgro, CEO Paolo
Simioni, Infrastructure Minister Enrico Giovannini; round-table
discussion with new Italian airline ITA CEO Fabio Maria
Lazzerini, civil aviation authority ENAC President Pierluigi Di
Palma, Aeroporti di Roma President Claudio De Vincenti (0900
GMT).
Rome, conference on "Tech Economy Hub" with Industry Deputy
Minister Giliberto Pichetto Fratin, Health Ministry
Undersecretary Andrea Costa, Minister for Disabilities Erika
Stefani (0700 GMT).
Milan, MIND-Milano Innovation District holds event on "MIND
project, synergies to innovate in Lombardy" with University and
Research Minister Maria Cristina Messa, Industry Minister
Giancarlo Giorgetti, Lombardy region Governor Attilio Fontana
(0945 GMT).
Milan, round-table discussion on "After the health crisis:
strategies and investment options to relaunch Italian companies"
with Milan Stock Exchange CEO Raffaele Jerusalmi, Enel ENEI.MI
Chairman Michele Crisostomo, illimity Bank ILTY.MI CEO Corrado
Passera (1500 GMT).
((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/