Italy - Factors to watch on Jan. 24

Kruso Kapital SpA

24/01/2024 05:00

The following factors could affect Italian markets on Wednesday.
    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 use its presidency of the Group of Seven (G7)
major democracies to challenge growing perceptions that Russia
is winning in Ukraine and that the West is tiring of the war, a
source familiar with Italy's plans said.
    
    Italy's upper-house Senate on Tuesday gave an initial green
light to a contested reform allowing regions to win more powers,
a move critics say could exacerbate the historic divide between
the country's wealthy north and poorer south.
    
    DEBT
    Italy's Treasury said on Tuesday it would sell 7.5 billion
euros in 6-months BOT bills at a Jan. 26 auction. 
    
    COMPANIES
    POSTE ITALIANE  PST.MI  
    Italy plans to sell a stake of up to 13% in its
state-controlled postal service operator leaving at least 51% in
public hands, the industry ministry told parliament on Tuesday.
    
    TELECOM ITALIA (TIM)  TLIT.MI  
    Top investor Vivendi  VIV.PA  is asking the EU antitrust
regulator to look into the role played by the Italian Treasury
in a planned buyout of TIM's network assets, the French company
said in a letter seen by Reuters on Tuesday.
    
    STELLANTIS  STLAM.MI  
    The automaker aims to become leader in the commercial
vehicle (LCV) market worldwide by 2030, launching an "offensive"
in North America and picking up opportunities in Asia, its chief
executive said on Tuesday.
    
    Italy's penny-pinching approach to incentives for electric
vehicles has meant several months of reduced automotive
production, the head of Stellantis, the country's sole major
automaker, said on Tuesday.
    
    M&A, ITA AIRWAYS
    Lufthansa's  LHAG.DE  bid for a minority stake in ITA
Airways could reduce competition in flights to and from Italy,
EU antitrust regulators warned on Tuesday, ramping up pressure
on the German carrier to offer stronger remedies.
    
        KRUSO KAPITAL  KK.MI 
  
        The collateral loans and art auction house operator
debuts on Euronext Growth Milan.
  
    
    PIERREL  PRL.MI 
        Is de-listed as of Wednesday.
  

    DIARY    
    Rome, Prime Minister Giorgia Meloni at question time session
in the lower Chamber of Deputies (1400 GMT).
    Rome, Economy Minister Giancarlo Giorgetti speaks before
Parliamentary Committee for the Security of the Republic
(COPASIR) (1300 GMT).
    Rome, Chamber of Deputies meets on ratification and
execution of the Protocol between Italy and Albania for
strengthening cooperation in migration (0830 GMT).
    Beirut, Foreign Minister Antonio Tajani begins two-day
Middle East trip, meeting Lebanese government officials and
Italian troops serving in Lebanon under the bilateral MIBIL
mission and under the United Nations' UNIFIL mission (via
videolink). Visit to continue on Thursday in Jerusalem and
Ramallah. 
    Rome, Industry Minister Adolfo Urso and Labour Minister
Marina Calderone meet trade unions in relation to supply chain
problems at cash-strapped steelmaker Acciaierie d'Italia,
formerly known as Ilva.
    Milan, ISPI holds event "The world in 2024: increasingly
fragmented? Scenarios for businesses, between risks and
opportunities" (1000 GMT); expected attendees include Intesa
Sanpaolo Chief Economist Gregorio De Felice and Economy Ministry
agency SACE Chief Economist Alessandro Terzulli (1015 GMT); A2A
 A2.MI  CEO Renato Mazzoncini, STMicroelectronics  STMMI.MI 
Italian Chairman Giuseppe Notarnicola (1045 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/