Italy - Factors to watch on Jan. 9

Il Sole 24 Ore SpA

09/01/2024 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
    The G7 nations are working with Israel to secure a "rapid"
end to its devastating war in Gaza and reduce civilian
casualties, Italian Foreign Minister Antonio Tajani said on
Monday.
    
    A fascist rally in Rome sparked Italian opposition outrage
on Monday, after a video was released showing hundreds of men
making stiff-armed salutes.
    
    ECONOMY
    ArcelorMittal  MT.LU  on Monday rejected an Italian
government plan to take a controlling stake in Acciaierie
d'Italia (ADI), one of the largest steel plants in Europe
formerly known as Ilva, a cabinet statement said.
    A source briefed on the matter, who declined to be named,
told Reuters that putting the cash-starved site under special
administration could be the only option left to keep it afloat.
    
    ISTAT releases November unemployment data (0900 GMT).
    
    DEBT
    Italy will offer up to 4 billion euros ($4.39 billion)in BTP
bonds at a Jan. 11 auction, the Treasury said on Monday.
    
    COMPANIES
    ENI  ENI.MI  
    The energy group said on Monday it had successfully placed a
new fixed rate bond with a total nominal amount of 1 billion
euros.
    
    TELECOM ITALIA  TLIT.MI  
    U.S. fund KKR  KKR.N  plans to notify the European Union's
antitrust authorities by the end of January of its planned
buyout of Telecom Italia's (TIM) fixed access network, two
sources close to the matter said on Monday.
    
    BRUNELLO CUCINELLI  BCU.MI 
    Sales at the luxury group rose 23.9% in 2023 at current
exchange rates, it said on Monday, a touch above its latest
guidance and market expectations. The fashion house confirmed a
projection of a 10% increase in sales this year and in 2025.
    
    PIRELLI  PIRC.MI  
    MTP Spa, the holding of executive vice chairman Marco
Tronchetti Provera, said on Monday it would increase its
indirect stake in the tyre maker to 20.58% from the current
14.1% thanks to two financial transactions.
    
    MEDIOBANCA  MDBI.MI  
    The bank said on Monday it had successfully placed a 5-year
covered bond for a total amount of 750 million euros.
    
    SAIPEM  SPMI.MI  
    The energy group said on Monday that bondholders shall be
granted the right to convert bonds due 2029 into ordinary shares
effective from Jan. 26.
    
    DIARY
    Rome, Interior Minister Matteo Piantedosi addresses a Senate
committee on fighting intolerance, racism, anti-Semitism and
incitement to hate and violence in relation to the current
Middle East crisis (1100 GMT).
    Milan, banking trade union FABI starts its 128th national
meeting which ends on Jan. 12. FABI Secretary General Lando
Maria Sileoni presents introductory report (1330 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 = 0.9122 euros)