Italy - Factors to watch on October 1
01/10/2024 07:06
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
Italian Prime Minister Giorgia Meloni met the head of the
U.S. fund BlackRock Inc BLK.N Larry Fink in Rome on Monday to
discuss possible investments in data centres and related
supporting energy infrastructure, Meloni's office said.
ECONOMY
September PMI manufacturing HCOB data (0745 GMT).
Transport Ministry releases September car sales data (1600
GMT).
September state sector borrowing requirement data.
COMPANIES
UNICREDIT CRDI.MI
Italy fears that the lender may shift its central offices to
Germany as part of any deal with Commerzbank CBKG.DE ,
government officials said, adding Rome expects to have a say in
the matter based on its 'golden power' rules.
Responding to a question about a possible merger between
these two banks, European Central Bank President Christine
Lagarde said on Monday mergers between European banks are
"desirable" if they help them compete with their U.S. and
Chinese rivals.
STELLANTIS STLAM.MI
The automaker's shares closed down 14.7% on Monday after
Europe's second biggest carmaker cut its 2024 profit forecast
and warned it will burn through more cash than expected. The
group joined bigger rival Volkswagen VOWG_p.DE and others in
warning about the worsening outlook for auto demand and rising
costs, wiping billions of euros off the sector's market value.
(*) Stellantis said on Monday it is recalling 194,000
plug-in hybrid electric Jeep SUVs, mostly in the U.S., to
address fire risks after 13 fires were reported, and it told
owners to park outside and away from other vehicles until recall
repairs are completed.
(*) LEONARDO LDOF.MI
The Italian defence group is working on "specific mergers
and acquisitions in advanced technologies, such as quantum
technologies and AI, both in the infrastructure and services
sectors", the new managing director of Leonardo's Space business
unit Massimo Comparini told Il Sole24 Ore daily.
(*) LEONARDO, IVECO IVG.MI
Exor EXOR.AS , the holding company of the Agnelli family,
would ask at least 1 billion euros to sell to the Italian
state-controlled defence group the Iveco Defence Vehicles
military vehicles unit, Il Fatto Quotidiano newspaper said on
Tuesday.
(*) ENEL ENEI.MI
The CEO of the U.S. investment fund BlackRock, Larry Fink,
saw Enel CEO Flavio Cattaneo on Monday before meeting Italian
Prime Minister Giorgia Meloni, Il Messaggero daily said on
Tuesday. The focus of the meeting was BlackRock's interest in
power plants that could be converted into data centres for AI,
the newspaper added.
(*) IPO, GOLDEN GOOSE
The Italian luxury sneaker group aims to go public in early
2025, daily Corriere della Sera quoted CEO Silvio Campara as
saying.
DIARY
"Made in Italy Summit 2024 - New markets, global trade
shifts" online events starts (1200 GMT); ends on Oct. 3. On
Tuesday expected attendees include UniCredit CRDI.MI CEO
Andrea Orcel, illimity ILTY.MI CEO Corrado Passera, Prysmian
PRY.MI CEO Massimo Battaini, Defence Minister Guido Crosetto.
Rome, Security Intelligence (DIS) General Department
Director Elisabetta Belloni addresses Intelligence Parliamentary
Committee (COPASIR) (1200 GMT).
Rome, report presentation "The future of electric
mobility: recharging infrastructure in Italy to 2035" with
Motus-E Secretary General Francesco Naso, Eni ENI.MI unit
Plenitude CEO Stefano Goberti, Enel ENEI.MI unit Enel X CEO
Francesca Gostinelli, A2A A2.MI CEO Renato Mazzoncini;
Industry Minister Adolfo Urso delivers closing address (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/