Italy - Factors to watch on Oct. 24

Giglio.Com SpA

24/10/2023 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, ENERGY
    Italy's government on Monday failed to adopt a decree aimed
at boosting energy security due to coalition disagreements, two
officials said.
    The stalled legislation includes measures that would help
utilities including Enel  ENEI.MI , A2A  A2.MI  and Edison
 EDNn.MI  modernise their hydropower stations.
    It would also boost offshore drilling in the Adriatic Sea,
provide funds for a floating wind power hub, and allow the
government to speed up work on two LNG terminals promoted by Eni
and Iren  IREE.MI . 
    
    DEBT
    Italy's Treasury said on Monday it would offer 3 billion
euros ($3.20 billion) in 6-month BOT bills at an auction on Oct.
26. 
 
    COMPANIES
    UNICREDIT  CRDI.MI 
    Releases Q3 results (before Bourse opening), followed by
conference calls with the press (0530 GMT) and with analysts
(0800 GMT).
    
    SNAM  SRG.MI , ENI  ENI.MI  
    A Snam-Eni carbon capture and storage (CCS) project in
Italy's Ravenna can help decarbonise emission-heavy industries
both in Italy and southern Europe, Snam CEO Stefano Venier said
on Monday.
    
    STELLANTIS  STLAM.MI  
    The United Auto Workers (UAW) union in the U.S. went on
strike at Chrysler-parent Stellantis' largest assembly plant on
Monday, hitting the automaker's profitable RAM 1500 pickup truck
production in a major expansion of the more than month-old
strike.
    
    ZEGNA GROUP  ZGN.N 
    Releases Q3 results (1030 GMT), followed by conference call
(1200 GMT).
    
    JUVENTUS  JUVE.MI 
    The Italian Serie A soccer team said on Monday it had
started talks with banks to form a syndicate for its planned
cash call of up to 200 million euros, expected to be executed in
the first four months of 2024.
    It added that its board would request controlling
shareholder Exor  EXOR.AS  to anticipate an initial payment of
80 million euros to support the club pending the capital
increase deal execution.
    
    DIARY
    Ravenna, "OMC-Med Energy" continues (0730 GMT); ends on Oct.
26. On Tuesday expected attendees include EU Energy Commissioner
Kadri Simson, Foreign Minister Antonio Tajani (0730 GMT);
Egypt's Petroleum and Mineral Resources Minister Tarek El Molla,
Algeria's Energy and Mines Minister Mohamed Arkab, Enviroment
Minister Gilberto Pichetto Fratin (0800 GMT); Eni  ENI.MI  CEO
Claudio Descalzi, Sonatrach CEO Rachid Hachichi (0920 GMT);
Tarek El Molla, Cyprus' Energy, Commerce and Industry Minister
George Papanastasiou, Lebanon Energy and Water Minister Walid
Fayad (0950 GMT).
    Rome, Luiss university holds event "Human capital, work and
new opportunities between technology and humanism" with Labour
Minister Marina Elvira Calderone, Leonardo  LDOF.MI  CEO Roberto
Cingolani (0800 GMT).
    Rome, Unipol Gruppo  UNPI.MI  and The European House
Ambrosetti hold "2023 Italian Welfare Forum"; welcome message by
President Sergio Mattarella (0730 GMT); think tank 'Welfare,
Italia' presents 2023 strategic report (0740 GMT); expected
attendees include Health Minister Orazio Schillaci (0800 GMT);
Economy Minister advisor Fabio Pammolli (1015 GMT); Labour
Minister Marina Elvira Calderone (1025 GMT); Unipol Chairman
Carlo Cimbri, Poste Italiane  PST.MI  CEO Matteo Del Fante (1040
GMT).
    Leon (Spain), Industry Minister Adolfo Urso attends informal
meeting of EU telecoms ministers.
    22nd edition "Milano Fashion Global Summit 2023" online
continues; ends on Oct. 25. On Tuesday expected attendees
include Missoni CEO Livio Proli (0820 GMT), Herno President
Claudio Marenzi (0900 GMT), Hermes  HRMS.PA  Italian CEO
Francesca di Carrobio (1000 GMT), Giglio.com  GCOM.MI  Chairman
and CEO Giuseppe Giglio (1040 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/ 


($1 = 0.9380 euros)