Italy - Factors to watch on April 17

ESI SpA

17/04/2023 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 .
    
    POLITICS
    Italy's government will announce a plan focused on energy
cooperation with Africa in October, Prime Minister Giorgia
Meloni said on Friday during a visit to Ethiopia.
    Italy must be increasingly cautious in its trade ties with
China, Economy Minister Giancarlo Giorgetti was quoted as saying
on Friday in reference to Rome's partnership in Beijing's Belt
and Road Initiative project.
    Former Italian Prime Minister Silvio Berlusconi is out of
intensive care, but remains in Milan's San Raffaele hospital
where he was being treated for a lung infection caused by
chronic leukaemia, two sources told Reuters on Sunday.
    
    ECONOMY
    ISTAT releases March CPI final data (0800 GMT).
    
    BANKS
    Italy has put on hold plans to revive a scheme, known as
GACS, under which the state provides guarantees to help banks
offload bad loans, three people close to the matter told Reuters
on Friday.
    
    COMPANIES
    TELECOM ITALIA (TIM)  TLIT.MI 
    The phone group's CEO Pietro Labriola said in a letter to
financial daily Il Sole 24 Ore on Saturday that "we can't
procrastinate anymore" and it was time for "corageous"
decisions, as the company weighs rival bids for its landline
grid.
    The sale of the grid, Telecom Italia's most valuable asset,
is a key part of Labriola's strategy for turning around the
former phone monopoly and slashing its debts.
    In his letter Labriola made no direct reference to the
offers from a consortium made up of Italian state lender CDP and
Macquarie  MQG.AX , and its rival, US fund KKR  KKR.N .
        
    LEONARDO  LDOF.MI 
    Italy's stock market watchdog Consob is scrutinising the
government's CEO nominee at the defence group after an
opposition lawmaker raised potential conflict-of-interest
issues, sources at the regulator said on Friday.
    
    SAIPEM  SPMI.MI 
    An appeals court in Algiers has acquitted Saipem in a case
relating to a tender in 2008 related to the 'Rhourde Nouss QH'
project. The company said in a statement that as a result of the
verdict the court cancelled the fines and rejected the claims
for compensation previously imposed.
     
    LAZIO  LAZI.MI 
    Maurizio Sarri's team cemented its second place in Serie A
with a 3-0 win over Spezia on Friday, extending the club's
unbeaten run to eight league games.
    
    The team cemented  second place in the 
    ESI  ESI.MI 
    Starts capital increase; ends on May 4.
    
    EXOR  EXOR.AS 
    Board meeting on FY results.
    
    DIARY
    The European House Ambrosetti holds meeting with Credito
Emiliano  EMBI.MI  Director General Angelo Campani (1230 GMT).
    Rome, Chamber of Deputies holds general discussion on law
decree on Italy's Recovery and Resilience Plan (PNRR).
    Rome, Foreign Press Association holds news conference to
present "European Innovation for Sustainability Summit" with
Illycaffe CEO Cristina Scocchia (0930 GMT).
        Milan, Senate Speaker Ignazio La Russa attends opening
event of "Furniture Fair Week" at opera theatre Teatro alla
Scala.
  
    Milan, inauguration event "Walk the Talk, energy on the
move" with Eni  ENI.MI  Sustainable Mobility unit CEO Stefano
Ballista (1600 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/