Italy - Factors to watch on May 16

Interpump SpA

16/05/2024 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 .
    
    ECONOMY
    ISTAT releases April CPI final data (0800 GMT); March
foreign trade data (0900 GMT).
    
    DEBT
    Foreign investors bought 76.9% of Italy's new green BTP
bond, due October 2037, the Italian Treasury said on Wednesday.
Around 350 investors have taken part in the transaction which
attracted record orders for over 84 billion euros ($91.11
billion).
    
    COMPANIES
    TELECOM ITALIA  TLIT.MI 
    U.S. investment firm KKR  KKR.N  will likely offer remedies
next week in an attempt to secure EU antitrust approval to buy
the Italian telecoms group fixed-line access network, a person
familiar with the matter said on Tuesday.
    
    IREN  IREE.MI 
    The Italian utility could name a new CEO in June, when its
annual general meeting is due to take place, after the current
head Paolo Emilio Signorini was arrested last week as part of a
corruption investigation, Executive Chairman Luca Dal Fabbro
said during a post-results call on Wednesday.
     
    ENI  ENI.MI 
    The Italian energy company reduced net carbon emissions in
the upstream sector by 40% and overall emissions by 30% last
year compared with the levels of 2018, the Italian energy
company said on Wednesday as it published its sustainability
report.
    
    TOD'S  TOD.MI 
    Turnover at Italian luxury shoemaker fell by 4.7% at
constant exchange rates in the first quarter, to 258 million
euros ($280 million), with its key brands hit by weakness in the
Chinese market, Tod's said on Wednesday. 
    
    MONTE DEI PASCHI (MPS)  BMPS.MI 
    Moody's upgraded the lender's ratings by one
notch thanks to strong capital position and capacity to generate
profits, Monte Paschi said on Wednesday. 
    
    POSTE ITALIANE  PST.MI 
    Operating profit at the state-owned group fell 8% in the
first quarter despite slightly higher revenues, due to the sharp
gains the postal service pocketed a year ago when it sold some
of its Italian government bonds, the company said on Wednesday. 
    
    ERG  ERG.MI 
    The Italian energy company on Wednesday published a new
2024-2026 business plan, under which it pledges to pay a
dividend of up to 1.3 euros ($1.41) and invest up to 1.2 billion
euros.
    'Capital Market Day' on Q1 results and 2024-2026 business
plan online (1230 GMT).
    
    SNAM  SRG.MI 
    Releases Q1 results (before Bourse opening), followed by
conference call (0830 GMT).
    
    DIARY
    Rome, Bank of Italy Governor Fabio Panetta delivers
introductory remarks at public lecture with 2011 Economics Nobel
Prize winner Thomas J. Sargent (0900 GMT).
    Rome, "Catering Day: for the culture of Italian hospitality"
with Foreign Minister Antonio Tajani, Agriculture Minister
Francesco Lollobrigida, Industry Minister Adolfo Urso, trade
association Confcommercio President Carlo Sangalli (0800 GMT).
    Rome, Sole24Ore presents conference "Complex laws, obstacle
solutions, citizens in difficulty - The 40 years of 'Esperto
risponde'"; followed by focus on taxation with an interview with
Economy Deputy Minister Maurizio Leo (0730 GMT).
    Milan, Intesa Sanpaolo  ISP.MI  and Fincantieri  FCT.MI 
hold conference "Accelerating the Transition in the Maritime and
Aviation Sectors" (0800 GMT); Fincantieri CEO Pierroberto
Folgiero and Mauro Micillo from Intesa Sanpaolo deliver opening
addresses (0800 GMT); message by Industry Minister Adolfo Urso
(0815 GMT).
    Milan, A2A  A2.MI  and Fiera Milano  FIMI.MI  Foundation
present photovoltaic system at Fiera Milano with A2A CEO Renato
Mazzoncini, Fiera Milano Foundation President Enrico Pazzali,
Fiera Milano CEO Francesco Conci (0900 GMT).
    Florence, 15th edition 'Labour Festival' "Work ethics and
safety in the age of AI" starts (1300 GMT); ends on May 18. On
Thursday expected attendees include Prime Minister Giorgia
Meloni (1330 GMT); Labour Minister Marina Calderone (1340 GMT);
Foreign Minister Antonio Tajani (1410 GMT); Cabinet
Undersecretary Alessio Butti (1430 GMT); European Affairs and
National Recovery and Resilience Plan (NRRP) Minister Raffaele
Fitto (1530 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/