Italy - Factors to watch on May 24

Enav SpA

24/05/2024 05:00

The following factors could affect Italian markets on Friday.
    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
    Reaching a comprehensive deal on how to mobilise revenues
stemming from frozen Russian assets will not be simple, Italy's
Economy Minister Giancarlo Giorgetti said on Thursday ahead of a
G7 finance summit.
    U.S. Treasury Secretary Janet Yellen said on Thursday that
she wants market-driven countries to present a "wall of
opposition" to China over its state-driven industrial policies,
a key issue she is pushing at a G7 finance meeting this week.
    
    DEBT
    Treasury announces sale of 6-month BOT bills, with relative
amounts to be auctioned on May 29.
    Italy's Treasury said on Thursday it would sell up to 6 bln
euros in bonds at May 28 auction. 
    Political stability and prudent fiscal policy have helped
lower the premium investors demand to hold Italian government
bonds rather than their German peers, Italy's debt chief Davide
Iacovoni said on Thursday.
    
    COMPANIES
    MAIRE  MTCM.MI 
    Algeria's state-owned Sonatrach signed a $2.3 billion
contract with Maire and U.S. energy technology company Baker
Hughes  BKR.O  for a project in the country's largest gas field,
the Italian engineering firm said on Thursday. Maire subsidiary
Tecnimont, who leads the consortium, is entitled to $1.7 billion
of the overall contract value.     
    
    ENEL  ENEI.MI 
    The energy group plans to increase the production of solar
panels at its factory in Sicily to 3 gigawatt (GW) capacity by
the end of 2025, later than previously expected, documents
published by the Italian utility showed.
    
    INTESA SANPAOLO  ISP.MI 
    Goldman Sachs  GS.N  held a 6.84% indirect stake in Intesa
Sanpaolo as of May 15, of which 5.13% through long positions, a
filing  Italy's market regulator Consob by showed on Thursday. 
       
    LEONARDO  LDOF.MI 
    Annual and extraordinary shareholders' meetings (0830 GMT).
    
    DIARY
    Stresa, G7 Finance ministers' meeting continues; ends on May
25. On Friday Economy Minister Giancarlo Giorgetti and Bank of
Italy Governor Fabio Panetta deliver welcome addresses (0615
GMT).
    Rome, Cabinet meeting (0730 GMT).
    Rome, "Y7 Italy summit" ends (0800 GMT); on Friday closing
ceremony with Italian Government Climate Special Envoy Francesco
Corvaro.
    Rome, state-backed lender Cassa Depositi e Prestiti (CDP)
holds annual general meeting on 2nd call.
    Florence, European University Institute (EUI) 14th edition
"The State of the Union 2024" (0655 GMT) ends; on Friday
expected attendees include French European Affairs Minister
Laurence Boone, Poland State Undersecretary Andrzej Szeptycki
(0700 GMT); European Stability Mechanism (ESM) Managing Director
Pierre Gramegna, EU Commission Vice President for Values and
Transparency Vera Jourova (0915 GMT); EU Foreign Policy Chief
Josep Borrell Fontelles (1345 GMT); pre-recorded message by
European Investment Bank Chairwoman Nadia Calvino (1430 GMT);
Italian President Sergio Mattarella.
    Trento, 19th edition of the 'Economy Festival' continues
(0730 GMT); ends on May 26. On Friday expected attendees include
OECD Deputy Secretary General Fabrizia Lapecorella (0715 GMT), 
Intesa Sanpaolo  ISP.MI  Chairman Gian Maria Gros-Pietro (0730
GMT), Enel  ENEI.MI  Chairman Paolo Scaroni (0930 GMT and 1200
GMT); ENAV  ENAV.MI  CEO Pasqualino Monti, Pirelli  PIRC.MI 
Vice Executive Chairman Marco Tronchetti Provera (1000 GMT),
Fincantieri  FCT.MI  Chairman Claudio Graziano (1000 GMT), Milan
Stock Exchange Chairwoman Claudia Parzani (1015 GMT, ZEST
 ZEST.MI  Executive Chairman Marco Gay (1215 GMT); illycaffè
Chairman Andrea Illy (1230 GMT); Prime Minister Giorgia Meloni
(1230 GMT), market regulator CONSOB President Paolo Savona (1400
GMT); Snam  SRG.MI  CEO Stefano Venier (1400 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/