Italy - Factors to watch on April 4

Farmacosmo SpA

04/04/2023 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 .
    
    POLITICS
    Italy's move to temporarily ban ChatGPT has inspired other
European countries to study if harsher measures are needed to
rein in the wildly popular chatbots and whether to coordinate
such actions.
    Italy's Coast Guard said on Monday it was forced to use a
helicopter to rescue 32 migrants, including a child, who had
been stranded on a desert island in the central Mediterranean
since the previous say.
    
    ECONOMY 
    Italy posted a state sector budget deficit of 31.9 billion
euros in March compared to a shortfall of 24.75 billion euros in
the same month last year, the Treasury said in a statement on
Monday.
    
    COMPANIES
    TELECOM ITALIA (TIM)  TLIT.MI 
    Telecom Italia on Monday became the first junk-rated
European company to tap debt markets after the recent banking
turmoil when it raised 400 million euros by selling a new
tranche of an existing bond due in 2028.
    The sale of TIM's landline network 'is moving forward' and
there are two offers on the table, CEO Pietro Labriola said on
Monday, adding that such a scenario was unthinkable a year ago.

    STELLANTIS  STLAM.MI 
    The carmaker held a 35.08% market share in Italy's car
market in March, Reuters calculations based on the data provided
by the transport ministry showed. Industry-wide car sales rose
40.78% last month, the transport ministry said.
    
    ENAV  ENAV.MI 
    Italy's Treasury said on Monday it had indicated Alessandra
Bruni and Pasqualino Monti as the state-controlled group's next
chairman and chief executive, respectively.
    
    ISSC FINTECH  ISCC.MI 
    The company said on Monday it had acquired a non-performing
loans portfolio with a nominal value of around 4.8 million
euros. 
    
    DIARY
    Rome, Spanish Prime Minister Pedro Sanchez expected to visit
Italy.
    Rome, Economy Minister Giancarlo Giorgetti meets EU Budget
and Financial Planning Commissioner Johannes Hahn (0800 GMT).
    Rome, Chamber of Deputies state broadcaster RAI Supervisory
Committee meets to appoint President, Vice Presidents and 
secretaries (1200 GMT).
    Rome, representatives from Bank of Italy (1230 GMT), market
regulator CONSOB (1300 GMT), insurance supervisor IVASS (1330
GMT) speak before Senate Finance Committee on law decree on
financial instruments in digital form and Fintech.
    Rome, Foreign Press Association holds exclusive news
conference with Foreign Minister Antonio Tajani (0830 GMT).
    Rome, Industry Minister Adolfo Urso gives speech at "Italy
in Space" event (0920 GMT).
    Rome, conference "The future of stadiums in Italy".
Attendees include Sport and Youth Minister Andrea Abodi, Italian
Italian Football Federation President Gabriele Gravina, soccer
Serie A League CEO Luigi De Siervo (0730 GMT).
    Milan, event on "The Italian capital market: which future?"
(0800 GMT); expected attendees include market regulator CONSOB
President Paolo Savona, Equita Group  EQUI.MI  CEO Andrea
Vismara (1430 GMT).
    Milan, Intesa Sanpaolo  ISP.MI  holds news conference to
present activity of International Subsidiary Banks Division
(0930 GMT).
        Pavia, inauguration ceremony of "Pavia Supernova, Pavia
Capital of Business Culture in 2023" (0800 GMT); expected
attendees include EU Economy Commissioner Paolo Gentiloni (0845
GMT), business lobby confindustria President Carlo Bonomi (0930
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/