Italy - Factors to watch on Sept. 25

KME SpA

25/09/2023 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
    Asylum seekers in Italy will have to pay 4,938 euros
($5,259) to avoid detention while their request for protection
is being processed, the government said on Friday, in a measure
apparently aimed at deterring migrants.
    On Sunday, Defence Minister Guido Crosetto told daily La
Stampa that a German plan to finance charities helping migrants
in the Mediterranean causes difficulties for Italy.
    
    DEBT
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Sept. 28.
    
    COMPANIES
    
    ANIMA HOLDING  ANIM.MI 
    It would be a "huge problem" for Italy if France's Credit
Agricole  CAGR.PA  tightened its grip on Italian asset manager
Anima Holding and the government should deal with it, Defence
Minister Guido Crosetto told daily La Stampa on Sunday when
asked about reports over the issue. French asset manager Amundi
 AMUN.PA , which is part of the Credit Agricole group, holds a
stake in Anima through funds managed on behalf of its clients.
    
    STELLANTIS  STLAM.MI  
    The United Auto Workers will expand its strikes against
Detroit automakers General Motors and Chrysler parent
Stellantis, but has made real progress in talks with Ford Motor,
the union said on Friday.
    Stellantis plans to furlough almost 2,400 workers at its
Mirafiori plant in Turin in the coming weeks in response to
weaker demand, the FIM-CISL union said on Friday.
    The Franco-Italian carmaker will invest up to 2.5 billion
reais ($508 million) in its plant in Rio de Janeiro state, its
CEO for South America, Antonio Filosa, said on Friday.
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    U.S. fund KKR has asked Telecom Italia to push back a Sept.
30 deadline to submit a multi-billion euro binding offer for the
phone group's landline network until Oct.15, TIM said on Friday.
    The CEO of TIM's rival Open Fiber, Mario Rossetti, will soon
leave his job at Italy's second largest fiber optic operator,
two sources close to the matter told Reuters on Saturday.
    
    BANKS
    Italy will revisit a contested windfall tax on banks by
giving lenders the option to boost their reserve buffers instead
of paying the levy, government documents seen by Reuters showed.
    
    MONTE DEI PASCHI DI SIENA  BMPS.MI  
    Italy is unable to sell out of Monte dei Paschi di Siena in
the near term because of a lack of interested buyers and may
proceed instead by placing small blocks of shares on the market,
two people close to the matter said on Friday.
    
    MEDIOBANCA  MDBI.MI 
    Shareholders' pact meeting.
    
    DIGITAL360  DIGT.MI 
    D360 Holding starts full takeover bid on Digital360 shares;
ends on Oct. 13.
    
    KME GROUP  KME.MI 
    Ends full voluntary takeover offer on own ordinary and
saving shares.
    
    TRENDEVICE  TDE.MI 
    Starts capital increase, ends on Oct. 12.
    
    DIARY
    Rome, Cabinet meeting on measures against high energy prices
(1400 GMT).
    Rome, European Affairs, South, PNRR Minister Raffaele Fitto
meets with key party figures to update on implementing PNRR
programme; Prime Minister Giorgia Meloni attending.
    Milan, women's 2024 Spring/Summer fashion shows end.
        Bologna, inaugural conference "Cersaie 40: Made in Italy
at the challenge of continuous innovation" expected attendees
include Banco BPM  BAMI.MI  CEO Giuseppe Castagna, Ukrainian
Ambassador to Italy Yaroslav Melnyk; Environment and Energy
Security Minister Gilberto Pichetto Fratin, Foreign Affairs
Minister Antonio Tajani, Industry Minister Adolfo Urso will join
via video conference (0900 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/