Italy - Factors to watch on Dec. 13

Hera SpA

13/12/2023 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 .
    
    POLITICS
    Billionaire Elon Musk has accepted an invitation from
Italian Prime Minister Giorgia Meloni to attend a gathering of
her right-wing political party this weekend in Rome, the Tesla
CEO and organisers of the event confirmed on Tuesday.
    
    ECONOMY
    The Italian government's privatisation plans will not result
in state assets being sold off on the cheap, Prime Minister
Giorgia Meloni said on Tuesday.
    
    DEBT
    Treasury sells 2.5-3.0 billion euros 3.85% BTP bonds due
Sept. 15, 2026 and 2.5-3.0 billion euros 4.00% BTP bonds due
Nov. 11, 2030. Subscriptions close at 1000 GMT.
    
    COMPANIES
    BANCA MONTE DEI PASCHI DI SIENA (MPS)  BMPS.MI  
    Barclays has sold all of its indirect stake in the Tuscan
lender as of Dec. 4, a Consob market watchdog filing showed on
Tuesday. Last week, Consob had said Barclays held a 5.653%
indirect stake in MPS as of Nov. 27. 
    
    BANCO BPM  BAMI.MI  
    Shares in the Italian bank closed up 1.23% on Tuesday after
it pledged a five-fold increase in payouts to investors through
2026 by using fee income to sustain record profits even as the
boost from higher interest rates wanes.
        
    SAIPEM  SPMI.MI 
    Extraordinary shareholders' meeting (1000 GMT).
    
    BRUNELLO CUCINELLI  BCU.MI 
    'Year-end update' webcast (1700 GMT).
    
    ENERGY
    Four energy companies announced on Tuesday two separate
green hydrogen projects in Italy as they move to offer clean
fuels to customers and take advantage of money coming from the
European Union's post-pandemic recovery fund.
    Snam  SRG.MI  and Hera  HRA.MI  said they would develop a
site near the northern city of Modena, while the Italian unit of
France's Engie  ENGIE.PA  and gas distributor Società Gasdotti
Italia (SGI) said they would produce the green fuel near Rome.
    
    OVS  OVS.MI 
    Board meeting on Q3 results (quarter closed on Oct. 31).
    
    AUTOSTRADE PER L'ITALIA
    Not-listed company Autostrade per l'Italia holds board
meeting.
    
    DIARY
        Brussels, Prime Minister Giorgia Meloni attends
EU-Western Balkans summit (1730 GMT). 
  
    Rome, Prime Minister Giorgia Meloni speaks before Senate
ahead of European Council meeting on Dec. 14-15 (0830 GMT).
    Rome, Industry Ministry holds meeting on Marelli Europe Spa
crisis (1400 GMT).
    Milan, BlackRock  BKCC.O  presents "Global Outlook
2024" (0845 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/