Italy - Factors to watch on Aug. 9

La Sia SpA

09/08/2023 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 .
    
     
    ECONOMY
    Bank of Italy releases June data on Italian residents
deposits with domestic banks, banks lending to non-financial
companies and gross bad loans at Italian banks.
    
    COMPANIES
    Milan Stock Exchange After Hours market closed.
  
    BANKS
    Italy dealt a surprise blow to its banks, including
heavyweights Intesa Sanpaolo  ISP.MI  and UniCredit  CRDI.MI ,
and sent shockwaves across the sector in Europe by setting a
one-off 40% tax on profits reaped from higher interest rates,
after reprimanding lenders for failing to reward deposits.
    
    The new windfall tax on bank profits from higher rates that
the Italian government announced late on Monday cannot be higher
than 0.1% of lenders' total assets, the economy ministry said in
a statement on Tuesday. 
    
    TELECOM ITALIA (TIM)  TLIT.MI  
    Italy's Treasury and U.S. fund KKR  KKR.N  are negotiating a
memorandum of understanding (MoU) that would set the terms of a
state-backed bid for TIM's landline grid, two people familiar
with the matter said.
    The preliminary agreement could be signed as early as this
week, one of the sources said, adding that discussions were
still ongoing.
    The Treasury could join KKR in its preliminary 23 billion
euro ($25 billion) bid for TIM's grid and secure a government
stake in the venture that will own the network, alongside other
potential state-backed investors, the sources said.
    
    ASSICURAZIONI GENERALI  GASI.MI 
    Releases H1 results (1030 GMT), followed by conference call
(1400 GMT).
        
  
        STELLANTIS  STLAM.MI  
    The Italian government aims to agree a broad plan to 2030
for the country's automotive industry with carmaker Stellantis 
and other groups involved by the end of this year, industry
ministry sources said on Tuesday.
    
    BANCA POPOLARE SONDRIO  BPSI.MI 
    The Italian regional bank on Tuesday raised its 2023 net
interest income (NII) guidance, after posting a first-half net
profit of 207.1 million euros, almost doubling last year's 105.1
million euros.
        
  
        E-GLOBE  EGLB.MI 
  
        Company that manufacture, design and distribute plumbing
and air conditioning systems through its proprietary platform 
    www.climamarket.it
    , debuts on Euronext Growth Milan.
  
    
    LA SIA  LASIA.MI 
    Engineering and design sector with a focus on critical
infrastructure company, debuts on Euronext Growth Milan.
    
    COVER 50  COV.MI 
    Is de-listed from Euronext Growth Milan as of Wednesday.
    
    
    ((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/