Italy - Factors to watch on Nov. 8

Hera SpA

08/11/2023 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
    Italy's government is hailing as "historic" a plan to send
seaborne migrants to Albania, but experts and opposition
politicians warn that it could face significant bureaucratic and
human rights obstacles.
    
    ECONOMY
    Italy will sell up to 9 billion euros in BTP bonds on Nov.
10, the Treasury said on Tuesday.
    ISTAT releases September retail sales data (0900 GMT).
    OECD releases October composite leading indicator data (1100
GMT).
    Bank of Italy releases October data on Target 2 liabilities
and European Central Bank funding to Italian banks.
    
    COMPANIES
    BANCO BPM  BAMI.MI 
    The bank on Tuesday joined bigger rivals in posting a
higher-than-expected profit for the third quarter, and
strengthened its yearly outlook, adding that it would give
detailed guidance on Dec. 12.
    
    ENEL  ENEI.MI 
    Italy's biggest utility on Tuesday revised up its guidance
on 2023 core earnings and net profit after its nine-month
results exceeded analyst expectations.
    
    CNH INDUSTRIAL  CNHI.MI 
    The agricultural and construction machinery maker on Tuesday
lowered its 2023 revenue forecast, citing a softening for its
farm machinery, predominantly in South America, sending its
shares plummeting.
    CNH said its plan to abandon the Milan stock market and
retain a single listing for its shares on the New York Stock
Exchange would be effective from Jan. 2 next year.
    
    BREMBO  BRBI.MI 
    The brake-maker on Tuesday nudged down its forecast for
sales growth this year, citing a "marked" worsening of global
political and economic conditions and the effects of recent
United Auto Workers (UAW) strikes in the U.S.
    
    FINECO  FBK.MI 
    The Italian online bank and brokerage on Tuesday signalled a
possible drop in its 2024 net financial income (NFI), sending
its shares down 4%, after clients moving cash into government
bonds again hurt its deposit base.
    
    BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI 
    Releases Q3 results (before Bourse opening), followed by
conference call (0800 GMT).
    
    TERNA  TRN.MI 
    Board meeting on Q3 results, followed by conference call
(1500 GMT).
    
    INDUSTRIE DE NORA  DNR.MI 
    Board meeting on Q3 results, followed by conference call
(1500 GMT).
    
    SARAS  SRS.MI 
    Board meeting on Q3 results, followed by conference call
(1500 GMT).
    
    BPER Banca  EMII.MI 
    Board meeting on Q3 results, followed by conference call
(1700 GMT).
    
    HERA  HRA.MI 
    Board meeting on Q3 results, followed by conference call.
    
    ARNOLDO MONDADORI EDITORE  MOED.MI 
    Board meeting on Q3 results, followed by conference call.
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    Board meeting on Q3 results.
    
    BUZZI  BZU.MI 
    Board meeting on Q3 results.
    
    CREDITO EMILIANO  EMBI.MI 
    Board meeting on Q3 results.
    
    TOD'S  TOD.MI 
    Board meeting on Q3 results (sales), followed by conference
call (1700 GMT).
    
    DIARY
    Brussels, Eurogroup holds meeting; Economy Minister
Giancarlo Giorgetti attending.
        Tokyo (Japan), G7 Foreign ministers meeting ends;
Foreign Minister Antonio Tajani attending.
  
        Milan, 'Insurance Summit 2023' "The future of insurance
between new financial scenarios and major risk management" in
presence and online (0830 GMT); expected attendees include
Industry Minister Adolfo Urso (0840 GMT), insurers association
ANIA President Maria Bianca Farina and and insurance supervisor
IVASS Secretary General Stefano De Polis (0900 GMT),
Assicurazioni Generali  GASI.MI  CEO Philippe Donnet (0950 GMT),
Unipol  UNPI.MI  and UnipolSai  US.MI  Chairman Carlo Cimbri
(1020 GMT), Assicurazioni Generali Country Manager and Italian
CEO Giancarlo Fancel, UnipolSai CEO Matteo Laterza (1050 GMT),
AXA  AXAF.PA  Italian CEO Giacomo Gigantiello, Zurich  ZURN.S 
Italian CEO Giovanni Giuliani (1340 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/