Italy - Factors to watch on October 17

Iren S.p.A.

17/10/2024 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 .
    
    POLITICS
    Italy's parliament made it illegal on Wednesday for couples
to go abroad to have a baby via surrogacy -- a pet project of
Prime Minister's Giorgia Meloni party which activists say is
meant to target same-sex partners.
    
    ECONOMY
    Italy plans to raise roughly 4 billion euros ($4.4 billion)
in 2025 from changes in tax rules for banks, insurance products
and business licences for gaming, Rome's draft budgetary plan
(DBP) showed on Wednesday.
    ISTAT releases August foreign trade data (0900 GMT).
    
    COMPANIES
    STELLANTIS  STLAM.MI 
    The car maker said on Wednesday it is recalling 54,000
hybrid crossover SUVs worldwide because the brake pedal in the
vehicles could disengage and stop working. 
    The White House on Wednesday said Stellantis should deliver
on commitments made to the United Auto Workers union and
communities affected by plant closures in the United States.
    
    UNICREDIT  CRDI.MI 
    The bank is still awaiting a court decision over whether it
must immediately reduce its Russia business to comply with a
European Central Bank order, months after filing an objection,
people familiar with the situation told Reuters.
    
    BRUNELLO CUCINELLI  BCU.MI 
    Board meeting on Q3 results (revenues), followed by
conference call (1600 GMT).
    
    DIGITAL VALUE  DGV.MI 
    The company said on Wednesday its board appointed Paolo
Vantellini as chairman and Riccardo Benedini as its new chief
executive officer following the resignation of Massimo Rossi
after he was put under investigation on Tuesday.
    
    DIARY
    Prime Minister Giorgia Meloni attends European Council
meeting in Brussels (to Oct. 18).
    Prime Minister Giorgia Meloni attends 'EU-Gulf Cooperation
Council Summit' in Brussels (to Oct. 18).
        Rome, Foreign Minister Antonio Tajani and Polish
counterpart Radosław Sikorsky hold joint press point (1330 GMT);
followed by Tajani's news conference to explain priorities of
'G7 Development' ministerial meeting to be held in Pescara Oct.
22-24 (1400 GMT).
  
    Rome, Defence Minister Guido Crosetto addresses Chamber of
Deputies on the situation in the Middle East (0830 GMT).
    Rome, Industry Minister Adolfo Urso attends Italian Alliance
for Sustainable Development (ASviS)' presentation of the report
on sustainable development (1030 GMT).
    Rome, Industry Minister Adolfo Urso attends meeting on "120
years of the Bank of Italy" (1430 GMT).
    Rome, ECB board member Elizabeth McCaul participates in
panel at 'Financial And Regulatory Outlook Conference 2024' "A
New Age Of Finance" (0945 GMT).
    Rome, Senate holds 'question time' session with Economy 
Minister Giancarlo Giorgetti, Environment and Energy Security
Minister Gilberto Pichetto Fratin, Minister for Disabilities
Alessandra Locatelli (1300 GMT).
    Rome, Bank of Italy and Bank of England hold 8th annual
workshop "European System of Central Banks (ESCB) Research
Cluster 2" (to Oct. 18); Bank of Italy Deputy Governor Luigi
Federico Signorini delivers welcome address (0815 GMT).
    Rome, Italian Alliance for Sustainable Development (ASviS)
presents '2024 report' with co-Chair Marcella Mallen, Scientific
Director Enrico Giovannini, European Parliament vice presidents
Pina Picierno and Antonella Sberna, trade union CGIL Secretary
General Maurizio Landini, Industry Minister Adolfo Urso; ASviS
co-Chair Pierluigi Stefanini delivers closing address.
    Milan, first event for 'Green & Net Zero' cycle on
"Transition to Net Zero – Innovating energy" (0715 GMT);
expected attendees include Iren  IREE.MI  Chairman Luca Dal
Fabbro, Eni  ENI.MI  CEO Claudio Descalzi, Italgas  IG.MI  CEO
Paolo Gallo, Hera  HRA.MI  CEO Orazio Iacono, A2A  A2.MI  CEO
Renato Mazzoncini, Edison  EDNn.MI  CEO Nicola Monti, Snam
 SRG.MI  CEO Stefano Venier.
    Milan, Snam  SRG.MI  presents "Transition Plan Roadmap"
(1200 GMT); followed by press point with Chairwoman Monica de
Virgiliis and CEO Stefano Venier (1330 GMT).
    Cernobbio, 2nd edition 'Como Lake 2024' "The Great
Challenge" continues; ends on Oct. 18. On Thursday expected
attendees include energy authority Eni  ENI.MI  Chairman
Giuseppe Zafarana, Leonardo  LDOF.MI  CEO Roberto Cingolani,
Foreign Deputy Minister Edmondo Cirielli, Poste Italiane
 PST.MI  CEO Matteo Del Fante, state railways Ferrovie dello
Stato (FS) CEO Stefano Donnarumma. 
    
    ((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/