Italy - Factors to watch on Dec. 6

Growens SpA

06/12/2023 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
    OECD releases November composite leading indicator data
(1100 GMT).
    
    DEBT
        Treasury sells up to 3.0 billion euros of following two
BTP bonds: 4.75% due Sept. 1, 2028 and 5.00% due Aug. 1, 2039 in
exchange for following four bonds: zero coupon BTP bonds due
April 15, 2024; 1.75% BTP bonds due July 1, 2024; 3.75% BTP
bonds due Sept. 1, 2024; CCTeu bonds due Feb. 15, 2024.
  
    Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on Dec. 12.
    
    COMPANIES
    IPO, GOLDEN GOOSE
    The Italian luxury sneaker brand has picked Bank of America
 BAC.N , Mediobanca  MDBI.MI , JPMorgan  JPM.N  and UBS  UBSG.S 
 as joint global coordinators for a planned listing in Milan
next year, two sources close to the matter said on Tuesday.
    Moody's on Tuesday changed the group's outlook to "positive"
from "stable. 
    
    INTESA SANPAOLO  ISP.MI  
    On Tuesday the lender said that 70% of almost 30,000
employees who had the option of asking to work a four-day week
had done so, with requests on the rise. In January, Italy's
largest bank had opened to shortening the working week to curb
energy bills, the first such move by a major Italian employer.
    
    GROWENS  GROWE.MI 
    Ends voluntary partial takeover offer on own shares, unless
extended.
    
    LEONARDO  LDOF.MI 
    Leonardo said on Tuesday it would not participate in
Hensoldt's potential capital increase but confirmed its
committment to the partnership project.
    
    TIM  TLIT.MI 
    Telecom Italia (TIM) said on Tuesday KKR had requested to
extend due diligence activities on Sparkle until the end of
January 2024, while confirming its interest in continuing the
negotiations.
    
    DIARY
    Prime Minister Giorgia Meloni interviewed by RTL 102.5 radio
(0730 GMT) 
    Rome, Prime Minister Giorgia Meloni due to meet with key
party figures to discuss revision of Italy's post-COVID recovery
plan (NRRP) (0830 GMT).
    Amsterdam, Stellantis  STLAM.MI  CEO Carlos Tavares and CFO
Natalie Knight take part in the Goldman Sachs 15th Annual
Industrials & Autos Week. (1045-1120 GMT) 
    Rome, Industry Ministry holds meeting with representatives
from Stellantis, regions (Campania, Lazio, Piedmont, Abruzzo,
Basilicata, Emilia-Romagna, Molise), trade unions, Italian
automotive industry association ANFIA (1000 GMT).
    Industry Minister Adolfo Urso's delivers opening address at
ministry's 'Annual Anti-Corruption and Administrative
Transparency Day' (0830 GMT)
    Rome, Italian Association of Content Digital Creators
(AICDC) holds conference "C for Economy. The content creator: a
future already present" (from 1430) Acquario Romano with
Industry Minister Adolfo Urso, Infrastructure Minister Matteo
Salvini, Foreign Minister Antonio Tajani.
    Rome, Defence Minister Guido Crosetto speaks before Chamber
of Deputies on humanitarian aid to Gaza and Italy's role (1515
GMT).
    Milan, conference "Collaborative compliance: technical
profiles and operational" with Economy Deputy Minister Maurizio
Leo, tax agency Director Ernesto Maria Ruffini (1630 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/