Italy - Factors to watch on March 24

Intercos

24/03/2022 05:00

The following factors could affect Italian markets on Thursday.
    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 .
    
    GENERAL 
    Italy reported 76,260 COVID-19 related cases on Wednesday,
against 96,365 the day before, the health ministry said, while
the number of deaths fell to 153 from 197.  urn:newsml:reuters.com:*:nL5N2VQ2Q7
    
    DEBT
    Treasury announces sale of 6-month BOT bills, with relative
amounts to be auctioned on March 29.
    
    COMPANIES
    TELECOM ITALIA (TIM)  TLIT.MI 
    U.S. investment firm KKR  KKR.N  has stuck to its request of
accessing Telecom Italia's data before it can formalise its
takeover bid in a letter to the Italian phone group, a person
close to the matter said.  urn:newsml:reuters.com:*:nL5N2VQ5Z3
    S&P Global lowered the credit rating of Telecom Italia (TIM)
TLIT.MI to 'BB-' from 'BB' citing weaker revenues and core
earnings and adverse currency movements which affected the
Brazilian unit contribution in 2021.  urn:newsml:reuters.com:*:nL5N2VQ5TE
    A unified ultra-fast broadband network in Italy is the
government's goal and will become a reality although there is no
certainty on when that will happen, a top economic adviser to
the Italian government said on Wednesday.  urn:newsml:reuters.com:*:nL5N2VQ5MO
    
    GENERALI  GASI.MI  
    Italy's top insurer said it had suspended Luciano Cirina,
its head of Austria and CEE countries, who has been proposed by
a leading shareholder for the role of chief executive in a
challenge to incumbent Philippe Donnet. urn:newsml:reuters.com:*:nL5N2VQ5AA
    
    DANIELI  DANI.MI 
    The Italian steel company said leading U. S. Producer Nucor
Corp awarded it with new orders valued over $650 million. 
        
    FINCANTIERI  FCT.MI 
    Conference call on FY results (0800 GMT).
    The Italian shipbuilder on Wednesday posted a 57% yearly
rise in core profit on a 28% rise in revenues to 6.67 billion
euros.  urn:newsml:reuters.com:*:nBIA9sVN4
    
    INTERCOS  ICOS.MI 
    The Italian make up maker is in the final stages of
negotiating a licence agreement with Dolce&Gabbana and would
start producing for the Italian fashion brand from late 2022
early 2023, its CEO told an analyst call on Wednesday.
    
    A2A  A2.MI 
    The Italian utility said its board had approved selling up
to 1 billion euros in debt by May 31 as part of its EMTN
programme.  urn:newsml:reuters.com:*:nBIAc1qVX7
    
    TERNA  TRN.MI 
    Board meeting to approve update to the 2021-2025 Industrial
Plan, followed by conference call (1030 GMT).
    
    EXOR  EXOR.MI 
    Board meeting on FY results.
    
    UNIPOL  UNPI.MI  and UNIPOLSAI  US.MI  
    Board meeting on FY results (preliminary FY results released
on Feb. 10).
    
    SAIPEM  SPMI.MI 
    Board meeting on FY results also on review of 2022-2025
strategic plan (press release on March 25 - preliminary results
released on Feb. 24).
    
    DIARY
    Rome, Eni  ENI.MI  CEO Eni Claudio Descalzi speaks before
Parliamentary Committee for the Security of the Republic
(COPASIR) (1200 GMT).
    SAFE holds opening ceremony for 23rd master in
"Sustainability, moving beyond" online; conversation with U.N.
Secretary General Ban Ki-moon, Enel  ENEI.MI  CEO Francesco
Starace (0900 GMT).
    Rome, Senate holds question time with Economy Minister
Daniele Franco (1400 GMT).
    Rome, Intesa Sanpaolo  ISP.MI  Chairman Gian Maria
Gros-Pietro presents glossary "The right words - Media and
people with disabilities" created by Intesa Sanpaolo at Chamber
of Deputies (1600 GMT).
    Rome, state railways FS holds news conference to present
'Hub Multimodale' at Roma Termini station (1030 GMT).
    Milan, Industry Minister Giancarlo Giorgetti attends meeting
"We with Italy" (0900 GMT).
    Milan, Industry Minister Giancarlo Giorgetti expected to
attend conference "Industrial supply chains, Italian
opportunities and the PNRR" (1020 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/