Italy - Factors to watch on Feb. 2
02/02/2024 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 .
POLITICS
The Italian anti-fascist activist held in Hungary for
assaulting far-right militants should be granted a quick trial,
Italian Prime Minister Giorgia Meloni said on Thursday, wading
into a controversy that is souring relations between Rome and
Budapest.
COMPANIES
STELLANTIS STLAM.MI
Italy car sales rose 10.61% year on year in January, the
Transport Ministry said on Thursday. Stellantis held 34.64% of
Italy's car market in the month, according to calculations by
Reuters.
Italy is open to buying a stake in carmaker Stellantis,
Industry Minister Adolfo Urso said on Thursday, as he set out
plans to provide 950 million euros ($1 billion) in subsidies
this year to help drivers switch to cleaner cars.
FERRARI RACE.MI
The luxury sports car maker reassured investors on Thursday
that its revenues and core earnings would keep growing this
year, supported by a strong order book stretching across 2025.
Shares went up by as much as 9.5%, putting the company's
market value in sight of a record $100 billion mark.
In a statement later in the day, Ferrari also announced
seven-times Formula One world champion Lewis Hamilton would join
its team in 2025 on a multi-year contract.
TELECOM ITALIA (TIM) TLIT.MI
Italy's Treasury has submitted a buyout bid for TIM's
submarine cable unit Sparkle, in a move which meshes with the
Italian government's efforts to secure control of an asset
deemed as strategic.
Statements from the Treasury and the company did not give a
value for the proposed offer, but a person briefed on the matter
said it would value Sparkle at up to 750 million euros,
including debt and variable components.
ITALGAS IG.MI
The biggest gas distributor in Italy said on Thursday it had
successfully placed a new 650-million-euro fixed-rate bond due
2029.
GEOX GEO.MI
The shoemaker said on Thursday it expects its 2024 revenue
to be 'broadly in line' with 2023 after posting a 2.2% drop in
full-year sales.
DIARY
Sondrio, Economy Minister Giancarlo Giorgetti meets
representatives from economic categories of Sondrio province
(1030 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/