Italy - Factors to watch on Feb. 28

Leonardo DRS

28/02/2024 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
    Prime Minister Giorgia Meloni suffered her first significant
electoral setback since taking office in 2022, results showed on
Tuesday, with her rightist bloc losing power on the
Mediterranean island of Sardinia.
    
    Supporting Ukraine in its fight against Russia does not
include sending European or NATO troops there, Meloni's office
said on Tuesday, in response to French suggestions that no
option should be ruled out.
    
    ECONOMY
    ISTAT releases February consumer and business confidence
data (0900 GMT).
        
    ENERGY
    Libya's National Oil Corporation (NOC) Chairman Farhat
Bengdara said on Tuesday that only 25% of the pipeline capacity
exporting natural gas from Libya to Italy is used at present.
    Bengdara said that Libya will hold a bidding round for
exploration by the end of this year or early next year as it
aims to boost its oil output, and there are good signs that 'big
companies' will participate in the round. 
    
    DEBT
    Total orders for Italy's new six-year 'BTP Valore' retail
bond rose to 11.05 billion euros ($12 billion) at the end of the
first two days of the offer, Milan bourse data showed on
Tuesday.
    The Treasury is continuing with the bond offer which is for
retail investors only. It is due to end on March 1 but there is
also scope for early closure.
    
    Treasury also sells 3.5-3.75 billion euros new 3.35% BTP
bonds due July 1, 2029; 4.0-4.5 billion euros new 3.85% BTP
bonds due July 1, 2034; 1.0-1.5 billion euros CCTeu bonds due
Oct. 15, 2031. Subscriptions close at 1000 GMT.
    
    COMPANIES
    LEONARDO  LDOF.MI  
    Leonardo's U.S. subsidiary DRS reported adjusted earnings of
$0.31 per share for the quarter ending in December, lower than
$0.35 in the same quarter last year but slightly higher than an
analyst average forecast of $0.30. 
            
    MONCLER  MONC.MI 
    Board meeting on FY results, followed by conference call
(1700 GMT).
    
    CAMPARI  CPRI.MI 
    Demand for aperitifs, tequila and bourbon helped the spirits
group deliver higher operating profit last year as it prepares
for a change of CEO and to digest its largest ever acquisition.
    
    UNICREDIT  CRDI.MI  
    UniCredit has issued a 1.25 billion euro fixed rate senior
preferred bond with 10 years maturity.
    
    ANIMA HOLDING  ANIM.MI  
    Anima Holding to propose cancellation of treasury shares
equal to 3% of current share capital.
     
    SAIPEM  SPMI.MI 
    Board meeting on preliminary FY results.
    
    DIARY
    Economy Minister Giancarlo Giorgetti attends G7 and G20
Finance ministers and central bank governors meeting in Sao
Paulo (Brazil).
    Rome, Industry Minister Adolfo Urso speaks before Chamber of
Deputies Industry Committee on the situation of the automotive
industry (1240 GMT).
    Rome, Labour Minister Marina Elvira Calderone speaks before
Parliamentary Committee on security conditions and the state of
decay of cities and their suburbs (1330 GMT).
    Rome, public presentation of "2023 Security Information
Policy Report" with Cabinet Undersecretary Alfredo Mantovano,
Parliamentary Committee for the Security of the Republic
(COPASIR) President Lorenzo Guerini, Security Intelligence (DIS)
General Department Director Elisabetta Belloni, Italian Foreign
Intelligence Service (AISE) Director Giovanni Caravelli,
Internal Security Information Agency (AISI) Director Mario
Parente (1000 GMT).
    Milan, 4th edition of "NPL Days Italia" conference.
    FTSE share indexes release quarterly revision effective as
of Monday March 18.
    
    ((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/