Italy - Factors to watch on June 4

Interpump SpA

04/06/2024 05:00

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
    Italy will likely send a second SAMP/T air defence system to
Ukraine, a source close to the matter told Reuters on Monday,
responding to Kyiv's demands for greater help to fend off
Russian missile attacks.
    
     The U.S. Treasury Department's top international official
will meet with Italian officials in Rome this week to discuss
Russia's frozen assets ahead of the G7 leaders summit, and speak
on developing country debt issues at a Vatican-led event, a
Treasury spokesperson said on Monday.
    
    COMPANIES
    ENEL  ENEI.MI  
    Moody's investors service has lifted the outlook for the
credit rating of Italy's Enel to "stable" from "negative" thanks
to the utility's positive financial performance in 2023 and in
the first quarter of this year, Enel said on Monday.
    
    NEWLAT FOOD  NWLF.MI 
    Presentation of takeover of Princes Limited with related
integration and growth plan and New Princes Group 2024-2030
industrial plan with Newlat Food Executive Chairman Angelo
Mastrolia and CEO Giuseppe Mastrolia, in Milan and online (0800
GMT).
    
    STELLANTIS  STLAM.MI  
    New car sales in Italy fell year-on-year by 6.6% in May, the
transport ministry said on Monday. According to Reuters
calculations, Stellantis' share of the Italian market fell to
30.3%, from 31.3% in April. 
    
    INTERPUMP  ITPG.MI  
    The Italian high-pressure pump maker said on Monday it
bought 100% of valve maker Alfa Valvole from U.S. based IDEX
Corporation for 55 million euros.
    
    TELECOMS
    Italian telecommunications firm Open Fiber is nearing a
preliminary deal to secure some 2 billion euros in extra funds
from its lenders and shareholders following months of complex
talks, three sources said on Monday.
    
    DIARY
        Rome, Brazilian Finance Minister Fernando Haddad starts
visit to Italy and the Vatican (to June 5). On Tuesday he holds
bilateral meeting with Spanish counterpart Carlos Cuerpo;
followed by joint news conference (1530 GMT).
  
    Rome, Prime Minister Giorgia Meloni chairs cabinet meeting
(0900 GMT).
    Melfi, Stellantis CEO Carlos Tavares visits local car plant.
    Bergamo, conference on "Industry and finance in dialogue for
a sustainable development" (1530 GMT); Italian Alliance for
Sustainable Development (ASviS) Director Enrico Giovannini gives
speech; expected attendees at round-table discussion include
Edison  EDNn.MI  CEO Nicola Monti, Euronext Elite unit CEO Marta
Testi.
    
    ((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/