Italy - Factors to watch on May 4

ESI SpA

04/05/2023 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 .
    
    
    ECONOMY
    April services PMI S&P Global data (0745 GMT).
    Italy posted a state sector budget deficit of 11.7 billion
euros in April compared to a surplus of 6.05 billion euros in
the same month last year, the Treasury said in a statement on
Wednesday.
    
    COMPANIES
    ENEL  ENEI.MI 
    Italy's biggest utility, which is at the centre of a
governance row, confirmed its full-year guidance after reporting
a 22% rise in its adjusted core earnings for the first quarter
on Wednesday.
    
    LEONARDO  LDOF.MI 
    Italy's state-controlled defence and aerospace group
Leonardo posted lower first-quarter earnings, but reported a
jump in orders and confirmed financial targets for 2023.
     
    ENERGY
    Italy's regulated household gas prices rose by 22.4% in
April compared to the previous month, the country's energy
authority ARERA said in a statement on Wednesday.
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    The Italian phone group's board meets at 1200 GMT to approve
the company's response to multi-billion bids for TIM's landline
grid as top investor Vivendi  VIV.PA  calls into question CEO
Pietro Labriola's strategy to revamp the group.
    
    UNICREDIT  CRDI.MI 
    The Italian bank will use restructuring charges it is set to
book this year to fund voluntary exits after receiving some
1,900 requests from staff late last year of which it met less
than half, two people close to the matter said.
    
    POSTE ITALIANE  PST.MI 
    Releases Q1 results (before market opening), followed by
presentation (1000 GMT).
    
    RECUPERO ETICO SOSTENIBILE (RES)  RES.MI 
    Circular economy company Recupero Etico Sostenibile (RES)
debuts on Euronext Growth Milan, listing ceremony (0645 GMT).
    
    NEXI  NEXII.MI 
    Annual general meeting (0800 GMT).
    
    SNAM  SRG.MI 
    Annual general meeting (0800 GMT).
    
    ARISTON GROUP  ARIS.MI 
    Annual general meeting (1000 GMT in Amsterdam).
    
    IREN  IREE.MI 
    Annual general meeting (0900 GMT).
    
    FERRARI  RACE.MI 
    Board meeting on Q1 results, followed by conference call
(1300 GMT).
    
    ITALGAS  IG.MI 
    Board meeting on Q1 results, followed by conference call
(1400 GMT).
    
    MONCLER  MONC.MI 
    Board meeting on Q1 results, followed by conference call
(1600 GMT).
    
    EDISON  EDNn.MI 
    Board meeting on Q1 results.
    
    INTERCOS  ICOS.MI 
    Board meeting on Q1 results, followed by conference call
(1630 GMT).
    
    ESI  ESI.MI 
    Ends capital increase.
    
    DIARY
    Rome, Prime Minister Giorgia Meloni receives U.S. Chamber of
Representatives Speaker Kevin McCarthy (afternoon).
        Rome, Mbda Italian CEO Lorenzo Mariani speaks before
Chamber of Deputies Defence Committee on issues relating to the
production of goods and services for the Defence sector's
equipment (0630 GMT).
  
        Rome, Chamber of Deputies Finance Committee gives urgent
instructions on the issuance and circulation of certain
financial instruments in digital form and the simplification of
FinTech experimentation (1130 GMT).
  
        Rome, representatives from CGIL, CISL, UIL, UGL,
Confcommercio, Confartigianato, Cna, Casartigiani and
Confesercenti and of the National Council of the Order of Labour
Consultants due to speak before Chamber of Deputies Finance
Committee on the delegation to the Government for tax reform
(1400 GMT).
  
    Rome, Chartered Accountants holds 2023 general meeting;
Environment Minister Gilberto Pichetto Fratin gives speech (0830
GMT).    
    Milan, Bocconi University and Equita  EQUI.MI  hold event
"Financial markets for competitiveness and growth. Lessons from
ten years of research to meet the challenges of the future"
(1300 GMT); Equita CEO Andrea Vismara delivers introductory
remarks; round-table discussion with Equita President Sara
Biglieri, Milan Stock Exchange President Claudia Parzani, Credit
Agricole  CAGR.PA  Italian Senior Country Officer Giampiero
Maioli.
    Milan, private banking association (AIPB) holds annual
meeting; followed by news conference with President Andrea
Ragaini and Secretary General Antonella Massari (1300 GMT).
        Milan, KPMG holds 19th edition "M&A Award" (1500 GMT);
expected attendees include at panel "Made in Italy challenges
between inflation, rising rates and deglobalisation" Banco BPM
 BAMI.MI  Chairman Massimo Tononi, Federmeccanica President
Federico Visentin, Italian Investment Fund President Barbara
Poggiali.
  
    Florence, European University Institute (EUI) starts annual
meeting on "Building Europe in times of uncertainty" (0700 GMT);
ends on May 6. On Thursday Foreign Minister Antonio Tajani
delivers opening address (0705 GMT); President Sergio Mattarella
gives speech (0900 GMT); expected attendees include EU
representative for Sahel Emanuela Del Re (0940 GMT); EU
Financial Services, Financial Stability and Capital Markets
Union Commissioner Maired McGuiness (1540 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/