Italy - Factors to watch on Sept. 15

Exprivia SpA

15/09/2023 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 .
    
    POLITICS
    Some legal migration can benefit European economies, but
migration is not the solution to the continent's demographic
crisis, Italian Prime Minister Giorgia Meloni said on Thursday
as she met right-wing ally Viktor Orban in Budapest.
    
    ECONOMY
    ISTAT releases August CPI final data (0800 GMT) and July
foreign trade data (0900 GMT).
    Bank of Italy releases July data on public finances, state
borrowing and debt.
    
    COMPANIES
    BANKS
    The co-ruling Forza Italia party has presented to parliament
several proposals to water down the government's windfall tax on
banks, politicians said. 
    The amendments allow banks to partly deduct what they have
to pay from their overall corporate tax bill, exempt smaller
banks from paying the tax and exclude returns on government
bonds from the levy.
    No amendments were proposed by the Brothers of Italy party
of Prime Minister Giorgia Meloni, who said on Wednesday she was
open to some changes, provided the targeted tax take remained
unchanged at "just under" 3 billion euros.
    
    EXPRIVIA  XPR.MI 
    Abaco3 ends full voluntary takeover offer on Exprivia
ordinary shares.
    
    JUVENTUS  JUVE.MI  
    Italy defender Leonardo Bonucci will take legal action
against former club Juventus after a reported fallout with
manager Massimiliano Allegri led to his recent exit from the
club.
    
    DIARY
    Santiago De Compostela, Economy Minister Giancarlo Giorgetti
attends informal Eurogroup meeting.
    Assogestioni releases July fund flows data (0900 GMT).
    Rome, Industry Minister Adolfo Urso attends Antitrust
conference "Competition, digital markets, investments. Europe's
leading role" (1300 GMT).
    Rome, business lobby Confindustria holds annual meeting
(0830 GMT); expected attendees include Confindustria President
Carlo Bonomi, President Sergio Mattarella, Prime Minister
Giorgia Meloni, Industry Minister Adolfo Urso.
    Rome, competition and market authority (AGCOM) starts
conference "Competition, digital markets, investments. Europe's
leading role" (1300 GMT); ends on Sept. 16. On Friday "Digital
Markets Act and competition in digital markets" AGCOM President
Roberto Rustichelli delivers opening address; Industry Minister
Adolfo Urso and Alberto Bacchiega from EU Commission give
speeches; expected attendees include at first session "DMA: the
role of competition national authorities" Alberto Bacchiega,
French Competition Authority President Benoit Coeure, Austrian
Competition Federal Authority Director General Natalie Harsdorf,
Greek Competition Authority President Ioannis Lianos,
Netherlands Consumers and Markets Authority President Martijn
Snoep; at second session "DMA: challenges and perspectives in
digital markets" European Parliament representative Andreas
Schwab delivers closing address.
    Rome, market regulator CONSOB President Paolo Savona gives
speech "The eternal dispute between state and market" (0830
GMT).
    Quassolo, Edison  EDNn.MI  hold inauguration ceremony for
new hydroelectric plant (0830 GMT).
    Rapallo, Scenari Immobiliari starts 31th annual forum; ends
on Sept. 16.
    Trieste, "Sea Resource Forum; competitiveness,
sustainability and attractiveness of the sea chain" ends (0800
GMT); on Friday expected attendees include , 'Conferenza
Stato-Regioni' President and Friuli Venezia Giulia region
Governor Massimiliano Fedriga, Assoporti President Rodolfo
Giampieri, civil Protection and Sea Minister Nello Musumeci,
Infrastructure and Transport Deputy Minister Edoardo Rixi,
Foreign Minister Antonio Tajani.
    
    ((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/