Italy - Factors to watch on June 28

Gi Poland SA

28/06/2023 05:00

The following factors could affect Italian markets on Wednesday.
    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 .
    
    
    ECONOMY
    The Italian government has proposed Fabio Panetta, an
executive board member of the European Central Bank, as the next
governor of the Bank of Italy, two government sources said on
Tuesday.
    Italy also approved measures worth around 800 million euros
to curb energy bills, the Treasury said. The government
prolonged until September an existing energy bonus for
low-income households, and also extended a reduction in sales
tax for gas supplies to 5% from the current rates of 10% and
22%.
    ISTAT releases May producer prices data (0800 GMT); CPI June
flash data (0900 GMT); April industry sales data (1000 GMT).
          
    DEBT
    Italy's Treasury said on Tuesday it had hired a pool of
banks to issue a new floating-rate CCTeu bond maturing on
October 15, 2031 in an exchange auction via syndication.    
    Treasury sells 1.5 billion euros 12-month BOT bills due Jan.
12, 2024 and 2.5 billion euros 6-month BOT bills due Nov. 30,
2023. Subscriptions close at 0900 GMT.
      
     
    COMPANIES
    ENI  ENI.MI 
    Italian energy group agreed to sell several oil assets in
Congo Republic to hydrocarbon group Perenco in a deal worth
around $300 million, the Italian company said on Tuesday.
    
    GENERALI  GASI.MI 
    Italy's Treasury has named Andrea Munari, the former head of
French bank BNP Paribas'  BNPP.PA  Italian arm, as the new head
of state-owned bad loan manager Amco, it said on Tuesday.
    
    ICCREA, unlisted 
    Italian cooperative banking group is expected to pick two
insurance partners by the end of next month after receiving bids
for operations which are valued at up to 950 million euros in
total, two people close to the matter said.
    
    
    DIARY
    ECB releases May data on Italian banks domestic government
bond holdings.
    Assogestioni releases May fund flows data (0900 GMT).
    Rome, Prime Minister Giorgia Meloni speaks before Chamber of
Deputies (0700 GMT) and before Senate (1330 GMT) on the European
Council scheduled on June 29-30.
    Rome, Telecom Italia  TLIT.MI  (TIM) Group's unit Telsy
(competence center for communications security, cybersecurity
and quantum security) CEO Eugenio Santagata speaks before
Parliamentary Committee for the Security of the Republic
(COPASIR) (1200 GMT).
    Milan, Bank of Italy presents regional report on Lombardy
Economy (0800 GMT); Milan director Giorgio Gobbi delivers
introductory remarks (0820 GMT); report presentation by Bank of
Italy representatives Paola Rossi and Massimiliano Rigon (0830
GMT); discussion with STMicroelectronics  STMM.MI  Chairman
Giuseppe Notarnicola (0910 GMT); Bank of Italy Vice Governor
Luigi Federico Signorini delivers closing address (0940 GMT).
    Milan, Prysmian Group  PRY.MI  holds news conference to
present three-year sustainability plan "Sustainability Week
2023; Going Green and Digital" with COO Massimo Battaini, CSO
Maria Cristina Bifulco (0800 GMT).
    Milan, Deloitte holds "Global Fashion & Luxury Private
Equity and Investors Survey"; expected attendees at round-table
discussion Tamburi Investment Partners  TIP.MI  Vice President
and CEO Alessandra Gritti, Italian luxury goods companies
association Altagamma Foundation Director General Stefania
Lazzaroni, Tod's Group  TOD.MI  board member Cinzia Oglio (1530
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/