Italy - Factors to watch on March 4

GEOX SpA

04/03/2024 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
    An Italian navy ship shot down a drone flying towards it in
the Red Sea on Saturday, the defence ministry said.
    
    ECONOMICS
    OPEC+ members led by Saudi Arabia and Russia agreed on
Sunday to extend voluntary oil output cuts into the second
quarter, sources said, giving extra support to the market amid
concerns over global economic growth.
    
    DEBT
    Italy posted a state sector budget deficit of 16 billion
euros ($17.34 billion) in February compared to a shortfall of
14.84 billion euros in the same month last year.
    
    COMPANIES
    POSTE ITALIANE  PST.MI 
    Italy can use a public offering, an accelerated bookbuilding
procedure or a block trade to sell almost 30% of the postal
service, a government decree showed on Friday.
    
    ENEL  ENEI.MI 
    Italy's biggest utility said on Friday it had signed an
agreement to sell 49% of its energy storage business to
Generali's  GASI.MI  Sosteneo for around 1.1 billion euros ($1.2
billion).
    
    STELLANTIS  STLAM.MI 
    Car sales in Italy rose by 12.8% year-on-year in February, 
Transport ministry said. 
    Stellantis held a 33.2% share of the country's car market
last month, according to Reuters calculations. 
    
    DIASORIN  DIAS.MI 
    The group announced on Sunday that it received clearance
from the U.S. Food and Drug Administration (FDA) for its new
LIAISON PLEX platform as well as its first panel of tests, the
LIAISON PLEX Respiratory Flex Assay.
    
    GEOX  GEO.MI 
    The shoemaker reported on Friday a halving of its net loss
to 6.5 million euros in 2023 and said it had appointed a new
chief executive.
    
    BANCA POPOLARE DI SONDRIO  BPSI.MI 
    Banca Popolare di Sondrio has presented an expression of
interest for Banca Popolare Sant'Angelo, Il Messaggero and
Corriere della Sera daily papers reported in Saturday.
Mediocredito Centrale and Popolare di Ragusa are also interested
in becoming partners of the bank based in Sicily, the newspapers
said.    
            
    DIARY
        Rome, Cabinet meeting (1000 GMT).
  
    Rome, Economy Deputy Minister Maurizio Leo delivers welcome
address at market regulator CONSOB event on women's leadership
and ESG mission (0900 GMT).
    Milan, event on "Italy and the Europe of tomorrow" (0830
GMT); expected attendees include Credit Agricole  CRAP.PA 
Italian CEO Giampiero Maioli (0930 GMT); Unipol  UNPI.MI  and
UnipolSai  US.MI  Chairman Carlo Cimbri, Novartis  NOVN.S 
Italian CEO Valentino Confalone (1000 GMT); Banco BPM  BAMI.MI 
CEO Giuseppe Castagna (1030 GMT); Assicurazioni Generali
 GASI.MI  CEO Philippe Donnet (1050 GMT); Pirelli  PIRC.MI 
Executive Vice Chairman Marco Tronchetti Provera, illimity Bank
 ILTY.MI  CEO Corrado Passera (1400 GMT); Economy Undersecretary
Federico Freni (1430 GMT); EU Economy Commissioner Paolo
Gentiloni (1500 GMT); Enel  ENEI.MI  Italian unit Director
Nicola Lanzetta, A2A  A2.MI  CEO Renato Mazzoncini, Snam
 SRG.MI  CEO Stefano Venier, Terna  TRN.MI  CEO Giuseppina Di
Foggia (1530 GMT); state-backed lender Cassa Depositi e Prestiti
(CDP) unit Simest CEO Regina Corradini D'Arienzo, Amplifon
 AMPF.MI  CEO Enrico Vita (1620 GMT); Fastweb  SCMN.S  CEO
Walter Renna (1700 GMT); Milan Stock Exchange CEO Fabrizio
Testa, Economy Ministry agency SACE CEO Alessandra Ricci (1720
GMT); Industry Minister Adolfo Urso delivers closing
address(1740 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/