Italy - Factors to watch on May 26
26/05/2023 05:00
The following factors could affect Italian markets on Friday.
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
Italian Foreign Minister Antonio Tajani saw his French
counterpart in Rome on Thursday, looking to patch up ties weeks
after he cancelled a meeting following blunt criticism from
Paris over Rome's migration policy.
ECONOMY
The European Central Bank (ECB) needs at least two more
25-basis-point interest rate hikes and market pricing of early
2024 rate cuts are overly optimistic, Dutch Central Bank chief
Klaas Knot said in an interview published on Thursday.
ISTAT releases May consumer and business confidence data
(0800 GMT).
DEBT
Italy's Treasury said on Thursday it would sell up to 11
billion euros in bonds at a May 30 auction.
Treasury sells 6.0 billion euros 6-month BOT bills.
Subscriptions close at 0900 GMT.
COMPANIES
M&A - ITA AIRWAYS
Lufthansa LHAG.DE will take a 41% stake in ITA Airways by
way of a 325 million euro ($358 million) capital increase that
will flow directly to the Italian carrier, the German group said
on Thursday.
M&A - Investment firm Permira has acquired the majority of
Gruppo Florence, in a deal which a source close to the matter
said valued the hub of Italian luxury clothing and leather goods
manufacturers at more than 1 billion euros ($1.1 billion).
TREVI TFI.MI
The Italian engineering group said on Thursday it had
received orders and contracts worth 216.2 million euros in
January-April, bringing its total order backlog to 591 million
euros.
AUTOGRILL AGL.MI
Dufry DUFN.S re-opens full mandatory takover bid on
Autogrill ordinary shares; ends on June 1.
PASQUARELLI AUTO PSQ.MI
Mobility supplier company debuts on Euronext Growth
Milan.
DIARY
Rome, Industry Ministry holds signing of "Development
Contract" between Solitek Industry and Invitalia for the
investment that will lead to the construction of a new plant in
Benevento for the production of photovoltaic panels and the
production, treatment and recycling of batteries (0930 GMT);
expected attendees include Industry Minister Adolfo Urso,
Benevento Mayor Clemente Mastella, Lithuanian Ambassador Dalia
Kreiviene, Bod Group [Lithuanian group of which Solitek is part]
President Vidmantas Janulevičius, Invitalia CEO Bernardo
Mattarella.
Rome, business lobby Confindustria ends closed-door
bilateral meeting "5th Franco-Italian Economic Forum
MEDEF-Confindustria" (0650); on Friday Confindustria President
Carlo Bonomi and MEDEF President Geoffroy Roux de Bezieu deliver
opening addresses (0650 GMT); Industry Minister Adolfo Urso and
French Energy Minister Agnas Pannier-Runacher (expected) give
speeches (0730 GMT); panel 1 "How to preserve European
competitiveness taking into account the energy challenges?" with
Eni ENI.MI representative Giuseppe Ricci (0800 GMT); Foreign
Minister Antonio Tajani and French Trade Minister Olivier Becht
give speeches (1015 GMT); closing news conference with Bonomi
and de Bezieu (1050 GMT).
Rome, ISTAT holds news conference to present final data
"Causes of death in Italy in 2020" (0900 GMT).
Gaeta, Industry Minister Adolfo Urso delivers closing
address at "Blue Forum, 2nd national summit on the sea
economica" (1500 GMT).
Trento, 18th edition 'Economy Festival' continues; ends on
May 28. On Friday expected attendees include ECB Supervisory
Board President Andrea Enria (0715 GMT); U.N. Food and
Agriculture Organization (FAO) Deputy Director General Maria
Helena Semedo, U.N. World Food Security Committee (CSA) Senior
Food Security Officer Francoise Trine (0715 GMT); banking
association ABI President Antonio Patuelli (0730 GMT); state
railways Ferrovie dello Stato (FS) CEO Luigi Ferraris (0800
GMT); European Affairs, South, PNRR Minister Raffaele Fitto
(0930 GMT); Economy Deputy Minister Maurizio Leo (1000 GMT);
Prime Minister Giorgia Meloni (1000 GMT); anti-corruption
authority (ANAC) President Giuseppe Busia (1000 GMT); Renault
Group RENA.PA CEO and European Automobiles Manufacturers'
Association (ACEA) President Luca De Meo (1015 GMT); European
Space Agency (ESA) astronaut Samantha Cristoforetti (1200 GMT);
Public Administration Minister Paolo Zangrillo (1200 GMT); EU
Commission representative Roberto Viola (1200 GMT); market
regulator CONSOB President Paolo Savona (1200 GMT); EU Sahel
Special representative Emanuela Del Re (1230 GMT); Il Sole 24
Ore S24.MI group CEO Mirja Cartia d'Asero (1230 GMT); Intesa
Sanpaolo ISP.MI Chairman Gian Maria Gros-Pietro (1245 GMT);
Institutional Reforms Minister Maria Elisabetta Alberti
Casellati (1300 GMT); Italo Chairman, Telethon foundation
President Luca Cordero di Montezemolo (1300 GMT); Compagnia di
San Paolo President Francesco Profumo, EU Commission
representative Roberto Viola (1315 GMT); Techint Group President
Gianfelice Rocca (1345 GMT); Economy Minister Giancarlo
Giorgetti speaks on "Only economic growth is a remedy for public
debt" (1415 GMT); Cabinet Undersecretary Alberto Barachini,
Mirja Cartia d'Asero (1430 GMT); Justice Minister Carlo Nordio
(1515 GMT); ESA representative Marco Ferrazzani, Cabinet
representative Elena Grifoni Winters (1530 GMT); ABI Director
General Giovanni Sabatini (1600 GMT); Interior Minister Matteo
Piantedosi (1615 GMT); Environment Minister Gilberto Pichetto
Fratin (1715 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/