Italy - Factors to watch on Aug. 7

Interpump SpA

07/08/2023 05:00

The following factors could affect Italian markets on Monday.
    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
    
    Italy's cabinet is set to adopt on Monday measures to
support strategic industrial sectors including microelectronics
and promote foreign investment programmes worth at least 1
billion euros ($1.1 billion), according to a draft seen by
Reuters.
    In a bid to boost the rollout of 5G networks, the government
also envisages raising limits on electromagnetic emissions which
telecoms operators such as Telecom Italia  TLIT.MI  complain are
too low in Italy compared with other European countries.
    Moreover, the government is set to approve the issuance of
more taxi licences to tackle a cab shortage that has irked
tourists and residents across Italy's biggest cities.
    
    ECONOMY
    Bank of Italy releases July data on Target 2 liabilities and
European Central Bank funding to Italian banks.
    
    DEBT
    Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on Aug. 10.
    
    COMPANIES
        SAIPEM  SPMI.MI     
    Saipem believes "that within a year or two we can really
think about starting a dividend distribution policy," CEO
Alessandro Puliti said in a Saturday interview with daily Il
Sole 24 Ore.
     "There are new commercial opportunities within Saipem's
reach worth 53 billion euros, 67% of which are in the offshore
(sector)," Puliti said.
  
        
  
        BANCO BPM  BAMI.MI  
    CEO Giuseppe Castagna told Sunday's Corriere della Sera in
an interview that his bank would use excess capital to reward
investors but would also bet on its product factories to boost
their capacity in order to offset the eventual decline in
interest rates.
    
    LEONARDO  LDOF.MI  
    S&P on Friday upgraded the Italian defence and aerospace
group's rating to BBB- from BB+, and changed the outlook to
stable from positive.
    
    BANKS, INSURANCE
    Italian cooperative bank Iccrea Banca  ICCRBC.UL  said on
Friday it had chosen to enter into exclusive negotiations with
BNP Paribas Cardif  CARDIFC1.LM  and Assimoco to sign
bancassurance deals, respectively, for the life and non-life
insurance businesses.
    
    INTERPUMP  ITPG.MI  
    The Italian high-pressure pump maker can expect record
margins in 2023, as well as M&A opportunities, its chairman
Fulvio Montipò said on Friday after the company presented its
first-half results.  
    
    CREDITO EMILIANO  EMBI.MI 
    Board meeting on H1 results.
    
    OPENJOBMETIS  OJM.MI 
    Starts partial voluntary takeover bid on its shares; ends on
Sept. 8.
    
    COVER 50  COV.MI 
    First of two-day suspension from negotiation ahead of
de-listing on Aug. 9.
    
    Milan Stock Exchange After Hours market closed.
    
    DIARY
    Rome, Cabinet meeting (1500 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/