Italy - Factors to watch on September 25
25/09/2024 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
Pro-migrant groups and opposition parties have collected
enough signatures to trigger a referendum on easing Italy's
stringent citizenship laws for foreigners, government data
showed on Tuesday.
ECONOMY
Italy will keep a majority stake in national railways
operator Ferrovie dello Stato (FS) in any potential plan to open
up the company's capital to outside investors, Chief Executive
Officer Stefano Donnarumma said on Tuesday.
DEBT
Treasury sells 2.25-2.75 billion euros 3.10% BTP short bonds
due Aug. 28, 2026; 1.0-1.25 billion euros 1.50% BTPei bonds due
May 15, 2029; 1.0-1.25 billion euros 2.40% BTPei bonds due May
15, 2039. Subscriptions close at 0900 GMT.
COMPANIES
UNICREDIT CRDI.MI
Germany's Commerzbank CBKG.DE , which is fending off
advances from the Italian lender, said on Tuesday that Bettina
Orlopp would take over as chief executive officer in the near
future.
The German government does not see legal powers it could use
to prevent the takeover of Commerzbank by UniCredit, two
government sources told Reuters on Tuesday.
Italian Prime Minister Giorgia Meloni said on Tuesday that
her government was keeping out of the matter.
"The Commerzbank affair does not regard the (Italian)
government," she told reporters in New York.
BANCA GENERALI BGN.MI
The Italian private bank said it had received commitments to
accept its takeover bid on broker Intermonte INTM.MI for a
total of 69% of Intermonte's shares, as of Tuesday.
EXOR EXOR.AS STLAM.MI
The holding company of Italy's Agnelli family said on
Tuesday it had posted a first half net profit of 14.695 billion
euros.
ITALGAS IG.MI
Europe's largest gas distributor said on Tuesday it was
increasing the amount of its bond due in Feb. 2029 to 350
million euros ($390.50 million) from 250 million, due to high
demand. The annual coupon is set at 3.125%.
STELLANTIS STLAM.MI
Italian unions have called a one day strike on Oct. 18 for
metal workers at Stellantis and its local suppliers to protest
against the automaker's falling production in the country, the
head of the UILM union said on Tuesday.
LEONARDO LDOF.MI
The Italian government has proposed spending around 1.6
billion euros ($1.78 billion) on new jets built by the Italian
defence company, to use for its aerobatic display team, a
parliamentary document showed on Tuesday.
DIARY
Prime Minister Giorgia Meloni attends U.N. general meeting
in New York.
Industry Minister Adolfo Urso starts mission in Brussels;
ends on Sept. 26.
UniCredit CRDI.MI CEO Andrea Orcel speaks at BoFA
conference (0700 GMT).
Rome, Poste Italiane PST.MI CEO Matteo Del Fante addresses
Chamber of Deputies Transports and Telecommunication Committee
on Group's prospects, business plan, extension of the programme
contract and implementation of the Polis project (1230 GMT).
Rome, Government meets business lobby Confindustria and
trade unions on Italian budget plan (1330 GMT).
Rome, Interior Minister Matteo Piantedosi, Poste Italiane
PST.MI CEO Matteo Del Fante attend inauguration ceremony of
new headquarters of the operative centre for cyber security of
the Lazio region Postal Police (0830 GMT).
Milan, 'Italian Energy Summit 2024' "Towards a secure,
competitive and sustainable energy system" starts (0700 GMT);
ends on Sept. 26. On Wednesday expected attendees include energy
authority ARERA President Stefano Besseghini, Energy Services
Manager (GSE) President Paolo Arrigoni, Eni ENI.MI CEO Claudio
Descalzi, Enel ENEI.MI Director Italian unit Nicola Lanzetta,
Terna TRN.MI CEO Giuseppina Di Foggia, Snam SRG.MI CEO
Stefano Venier, A2A A2.MI CEO Renato Mazzoncini, Saipem
SPMI.MI CEO Alessandro Puliti, ERG ERG.MI CEO Paolo Merli,
ACEA ACE.MI CEO Fabrizio Palermo, Iren IREE.MI Chairman Luca
Dal Fabbro, MAIRE MTCM.MI CEO Alessandro Bernini, European
Investment Bank (EIB) Vice President Gelsomina Vigliotti,
Environment and Energy Security Minister Gilberto Pichetto
Fratin.
Milan, Technogym TGYM.MI Chairman Nerio Alessandri and
Italian Olympic Committee (CONI) and 2026 Milan-Cortina Winter
Olympic Games President CONI Giovanni Malago hold news
conference at openign of the first Technogym Outdoor area (0930
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 = 0.8963 euros)