Italy - Factors to watch on March 15
15/03/2023 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 .
ECONOMY
The Italian government's plan to reduce current income tax
bands from four to three within two years got a hostile response
from the trade unions on Tuesday, who argued it would mainly
benefit the wealthiest.
Bank of Italy releases January data on public finances,
state borrowing and debt.
TELECOM INDUSTRY
Italian telecoms operator Wind Tre is planning to spin-off
its network assets into a separate company to potentially pave
the way to M&A deals, two sources close to the matter said on
Tuesday.
BANKS
Deposits with Italian banks shrank by 39.7 billion euros
($42.6 billion) in February as the country's businesses
continued to reduce the excess funds they had precautionary
stashed with lenders up to mid-2022, national banking lobby ABI
said.
COMPANIES
TELECOM ITALIA TLIT.MI
The phone group is expected on Wednesday to ask Italian
state lender CDP and Australian fund Macquarie to improve their
bid for its fixed network assets, four sources said on Tuesday.
INTESA SAN PAOLO ISP.MI
Retail deposits at the Italian bank are stable while rising
interest rates are stoking competition to retain deposits of
businesses and very wealthy individuals, the head of group
treasury and finance at the Italian bank said on Tuesday.
JUVENTUS JUVE.MI
UEFA has requested additional information to Italian
prosecutors on their inquiry over the Serie A club finances
based on recent investigations, the European soccer governing
body said on Tuesday, adding it had not further comments at this
stage.
BANCA POPOLARE DI SONDRIO BPSI.MI
Credit ratings agency Scope said on Tuesday it had upgraded
the Italian bank to "BBB" FROM "BBB-". Scope changed the outlook
to "stable" from "positive".
ERG ERG.MI
Releases FY results (0700 GMT), followed by conference call
(1000 GMT).
TERNA TRN.MI
Presents "2023 Development Plan" with CEO Stefano
Donnarumma; energy authority ARERA President Stefano Besseghini
delivers speech; Environment and Energy Security Minister
Gilberto Pichetto Fratin delivers closing address (1000 GMT).
TELECOM ITALIA (TIM) TLIT.MI
Board meeting on FY results (preliminary FY results released
on Feb. 14).
ENAV ENAV.MI
Board meeting on FY results, followed by conference call
(1500 GMT).
SARAS SRS.MI
Board meeting on FY results, followed by conference call
(1500 GMT).
BRUNELLO CUCINELLI BCU.MI
Board meeting on FY results (preliminary FY results released
on Jan. 9) followed by conference call (1700 GMT).
SNAM SRG.MI
Board meeting on FY results, press release on March 16.
DIARY
UniCredit CRDI.MI CEO Andrea Orcel gives speech at "Morgan
Stanley Conference" online (0800 GMT).
AIFI and PwC Italia hold "Presentation private equity and
venture capital market annual data" with AIFI President
Innocenzo Cipolletta, AIFI Director General Anna Gervasoni (1000
GMT).
Nairobi (Kenya), President Sergio Mattarella continues
official visit; ends on March 16.
Rome, Chamber of Deputies Speaker Lorenzo Fontana receives
Ukraine Ambassador to Italy Yaroslav Melnyk (1030 GMT).
Rome, EU Affairs, South and PNRR Minister Raffaele Fitto
speaks before Senate and Chamber of Deputies Budget committees
on the report on the state of implementation of European and
national cohesion policy '2014-2020 Planning' (1230 GMT).
Rome, Labour Minister Marina Elvira Calderone speaks before
Chamber of Deputies Culture Committee on draft laws introducing
the teaching of labour law and safety culture in the workplace
in secondary schools (1400 GMT).
Rome, Chamber of Deputies holds question time session; Prime
Minister Giorgia Meloni expected to attend (1400 GMT).
Rome, Education Minister Giuseppe Valditara speaks before
Senate Culture Committee on contrasting the increasing incidents
of violence against teachers and school staff (1300 GMT).
Rome, Parliamentary Committee for the Security of the
Republic (COPASIR) President Lorenzo Guerini speaks before
COPASIR (1400 GMT).
Rome, government convenes trade associations and
professional orders for a meeting on tax delegation (0830 GMT).
Rome, Centro Studi Eutekne holds conference on "Building
bonuses and discount and transfer options"; Economy Minister
Giancarlo Giorgetti gives speech (1150 GMT).
Rome, conference on "Erasmus CreaSteam challenge,
results of a Europea project" (0900 GMT); Foreign Minister
Antonio Tajani, Education Minister Giuseppe Valditara delivering
introductory remarks.
Rome, Industry Minister Adolfo Urso attends banking
association ABI Executive Committee meeting (0900 GMT).
Rome, during 'World Consumer Rights Day' Industry
Undersecretary Massimo Bitonci attends event "Consumer Energy
Transition"; Industry Minister Adolfo Urso delivers closing
address (1130 GMT).
Rome, 10th annual report presentation on 'Real estate
market and energy efficiency' with round-table discussion on
"Green homes and energy efficiency udpdate: new scenarios for
the challenge of the energy transition of real estate" (1400
GMT); expected attendees include national agency for
technologies, energy and environment ENEA Energy Efficiency
Department Unit Director Ilaria Bertini, banking association ABI
Vice Director General ABI Gianfranco Torriero, Environment and
Energy Security Deputy Minister Vannia Gava, Real Estate Market
Parliamentary Observatory (OPMI) President Catia Polidori.
Milan, at event "Atlantia, new journey" expected attendees
include Edizione President Alessandro Benetton, Atlantia
Chairman Giampiero Massolo, Abertis CEO Jose Aljaro, Telepass
CEO Gabriele Benedetto, Aeroporti di Roma CEO Marco Troncone
(0900 GMT).
((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/