Italy - Factors to watch on May 16

Eurocommercial Properties NV

16/05/2023 05:00

The following factors could affect Italian markets on Tuesday.
    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
    ISTAT releases April CPI final data (0900 GMT).
    
    COMPANIES
    STELLANTIS  STLAM.MI  
    The automaker has stopped all construction at a more-than
$3.74 billion electric vehicles battery manufacturing plant in
Windsor, Canada, over a disagreement with the federal government
about subsidies, a spokesperson for the company said on Monday.
    
    TELECOM ITALIA (TIM)  TLIT.MI  
    Italy's state lender Cassa Depositi e Prestiti (CDP) will
drop a $21 billion offer for TIM's landline grid, Bloomberg News
reported on Monday. 
    
    ENEL  ENEI.MI  
    Italy's antitrust watchdog said on Monday it had cleared two
units of Europe's largest utility after investigating them for
allegedly asking some clients to pay energy bills that had
lapsed under the statute of limitations.
     
    ENI  ENI.MI  
    The energy group said on Monday it had successfully placed
two fixed-rate bonds for an overall value of 2 billion euros.
    
    SAFILO  SFLG.MI  
    The Italian eyewear group is discussing the sale of its
biggest plant in Italy to another company active in the sector,
union sources told Reuters on Monday.
    
    EUROCOMMERCIAL  ECMPM.MI 
    Property investment company and one of Europe's shopping
centre specialists, debuts on Euronext Milan.
    
    IPO - ITALIAN DESIGN BRANDS 
    Italian Design Brands (IDB), a hub of Italian furniture and
lighting companies, said on Monday it had successfully closed
its initial public offering.
    
    
    DIARY
    Reykjavik, Prime Minister Giorgia Meloni attends European
council summit.
    Rome, 'Altagamma 2023 Day' on "Senate 75th anniversary and
Made in Italy Excellence"; Senate Speaker Ignazio La Russa and
Italian luxury goods companies association Altagamma President
Matteo Lunelli deliver opening remarks (0830 GMT).
    Rome, at PA forum seminar on "CIPESS: boosting investment
and accelerating growth" attendees include Enel  ENEI.MI  CEO
Flavio Cattaneo (1030 GMT).
    Milan, 13th edition of 'Salone del risparmio' starts in
presence and online; ends on May 18. On Tuesday pre-recorded
message by Economy Minister Giancarlo Giorgetti; expected
attendees include fund managers' Assogestioni President Carlo
Trabattoni and CEO Saverio Perissinotto (1215 GMT). 
    Verona, "Automotive Dealer Day 2023" starts (1500 GMT); ends
on May 18. On Tuesday expected attendees include Transport
Minister Matteo Salvini, representatives from Italian automotive
industry association ANFIA, Federauto, Motus-E and foreign car
makers' association UNRAE (1000 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/