Italy - Factors to watch on Sept. 4

Exprivia SpA

04/09/2023 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
    Trade between Italy and China has not improved as expected
since Rome joined Beijing's Belt and Road Initiative four years
ago, Italy's Foreign Minister said on Saturday before leaving
for a three-day diplomatic trip to China.    
    
    ECONOMY
    Itay can still achieve economic growth of 1% this year
despite the fall in output reported in the second quarter,
Economy Minister Giancarlo Giorgetti said on Sunday.

     Italy's GDP shrank by 0.4% in the second quarter from the
first and its manufacturing sector contracted in August for a
fifth consecutive month, according to data on Friday that cast a
shadow over the country's economic prospects.

    Italy posted a state sector budget surplus of 2.1 billion
euros ($2.3 billion) in August compared to a surplus of 652
million euros in the same month last year, the Treasury said in
a statement on Friday.
    
    BANKS
    Italy's new tax on bank profits can be improved on, economy
minister Giancarlo Giorgetti said on Sunday, adding that
everyone will appreciate the final version of the proposal.
   
    INTESA SANPAOLO  ISP.MI  
    The chairman of Intesa Sanpaolo sees no cause for alarm over
the impact of the windfall tax on Italian banks and said it
would probably cost Italy's biggest bank less than 1 billion
euros.
    
    MPS  MPS.MI 
    Italy's government may accelerate the planned sale of its
stake in the Tuscan lender and make a proposal for the operation
"in the short term", deputy prime minister, Antonio Tajani, said
on Saturday. 
       
    Italy will cut its stake in bailed-out bank Monte dei Paschi
di Siena (MPS)  BMPS.MI  without being dictated to by anybody,
Economy Minister Giancarlo Giorgetti said on Sunday.  
    
    COMPANIES  

    ENI  ENI.MI /SNAM  SRG.MI  
    Carbon capture and storage (CCS) technology is key to
ensuring the survival and the competitiveness in Italy of
industries including steel, cement and chemicals, energy group
Eni and gas grid operator Snam said on Friday.
    
    EDISON  EDNn.MI 
    The Ceo of Italian utility expects arbitration decision over
 Venture Global lng case by middle of next year. 
    
    STELLANTIS  STLAM.MI  
    Italy car sales rose 12% Y/Y In August - Transport Ministry.
   
Stellantis had 31.7% market share in Italy in August - Reuters
Calculation.    
    
    BB BIOTECH  BIO.MI 
    Last day of trading on Euronext STAR Milan.
    
    EXPRIVIA  XPR.MI 
    Abaco3 ends full voluntary takeover offer on Exprivia
shares.
    
    DIARY
        Beijing (China), Foreign Minister Antonio Tajani
continues his visit; ends on Sept. 5.
        Rome, Chamber of Deputies Labour Committee starts
examination of 'Caldo' law decree on urgent measures for the
protection of workers in case of climatic emergency and payment
terms (1400 GMT).
  
    Milan, "2023 Italian-Saudi investment forum" (0730 GMT);
Milan Mayor Giuseppe Sala delivers welcome remarks (0730 GMT);
Industry Minister Adolfo Urso and Saudi Arabia's Investments
Minister Khalid Al-Falih give speeches (0740 GMT); expected
attendees include at panel "Investment Opportunities" Foreign
Undersecretary Giorgio Silli, Amedeo Teti from Industry Ministry
(0820 GMT); at panel "Outcomes and opportunities deriving from
PPP schemes" Paolo Casalino from Industry Ministry (0900 GMT);
Industry Deputy Minister Valentino Valentini (0925 GMT); at
session 1 "Clean Energy and Petrochemicals" Eni  ENI.MI  CEO
Claudio Descalzi, National Agency for New Technologies, Energy
and Sustainable Economic Development (ENEA) President Gilberto
Dialuce (0930 GMT); at session 2 "Healthcare, Pharma & Life
Sciences" Ernesto Somma from Invitalia (1010 GMT); at session 3
"Automotive & Advanced Manufacturing" Pirelli  PIRC.MI  CEO
Andrea Casaluci (1050 GMT); Valentino Valentini delivers closing
address (1210 GMT).
    Trieste, Bank of Italy Governor Ignazio Visco meets the
scientific community of the Friuli Venezia Giulia region (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/