Italy - Factors to watch on August 2

Eurogroup Laminations SpA

02/08/2024 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
    Italy posted a state sector budget surplus of 2.4 billion
euros ($2.59 billion) in July compared to a surplus of 15.83
billion euros in the same month last year, Treasury data showed
on Thursday.
    ISTAT to release June industrial output data (0800 GMT) and
June retail sales data (0900 GMT).
    
    COMPANIES
    Milan Stock Exchange After Hours market closed.
    
    STELLANTIS  STLAMI.MI 
    Car sales grew by 4.66% in July, Transport Ministry data
showed on Thursday. According to Reuters calculations,
Stellantis market share was 21.87%.
    
    FERRAGAMO  SFER.MI 
    Operating profit at the luxury group declined 41% in the
first half of the year, as revenues slowed down in all the main
regions.
    
    BANCA GENERALI  BGN.MI 
    The lender said on Thursday its new 100 million euros
additional tier 1 instrument, to be issued on August 8, will be
fully subscribed by Generali Group companies through a private
placement.
    
    FINCANTIERI  FCT.MI 
    The board of state-controlled shipbuilder Fincantieri picked
Biagio Mazzotta, head of state auditors at Italy's economy
ministry, as its new chairman, a company statement said. 
Mazzotta succeeds Claudio Graziano, who died in June.
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    Chief Executive Pietro Labriola on Thursday expressed
confidence about the disposals of the phone group's submarine
cable unit Sparkle and TIM's remaining stake in telecoms tower
company INWIT  INWT.MI .
    
    EUROGROUP LAMINATIONS  EGLA.MI 
    The manufacturer of components for electric motors said on
Thursday it had signed a memorandum of understanding for a
strategic alliance in China in the electric vehicle sector.
    
    PIRELLI  PIRC.MI 
    The tyre-maker said on Thursday its full-year guidancefor
adjusted earnings before interest and tax margin is expected to
reach the high-end of its forecast at 15.5% to a bigger
contribution from price and product range.
        
    FERRARI  RACE.MI 
    Pricier models such as the Daytona SP3 and growing demand
from buyers for personal touches helped the car Italian maker
beat second-quarter results forecasts on Thursday and raise its
full-year expectations.
             
    ERG  ERG.MI 
    Board meeting on H1 results, followed by conference call
(1300 GMT).
    
    DIARY
    
    
    ((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/