Italy - Factors to watch on May 2

Leonardo DRS

02/05/2024 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
    The Italian government approved an economic package on
Tuesday focused on temporary tax breaks for firms that hire
staff on open-ended contracts and a cash bonus of up to 100
euros for low earners.
    
    An Italian army general who sparked outrage by publishing a
book disparaging LGBT people, migrants, minorities and feminists
on Tuesday said woke policies and cancel culture had made
Europeans ashamed of their roots.
    
    
    ECONOMY
    April PMI manufacturing HCOB data (0745 GMT).
    ISTAT releases March producer prices data (0800 GMT).
    Transport Ministry releases April car sales data (1600 GMT).
    April state sector borrowing requirement data.
    
    COMPANIES
    
    LEONARDO  LDOF.MI  
    The group's DRS  DRS.O  unit reported first quarter revenues
of $688 million on Wednesday, up 21% year-on-year, while net
earnings more than doubled to $29 million.
    
    MFE-MEDIAFOREUROPE  MFEB.MI   MFEA.MI 
    A proposal from the top investor in ProSiebenSat.1
 PSMGn.DE  to split off the German media group's e-commerce and
online dating ventures from its TV operations narrowly failed to
get the required shareholder backing on Tuesday.
    
    DIARY
    Rome, King of Jordan Abdullah II Ibn Al Hussein meets Prime
Minister Giorgia Meloni (0930 GMT) and Pope Francis (1035 GMT).
    Ferrara, Industry Minister Adolfo Urso attends signing of
the Memorandum of Understanding for energy efficiency at a
petrochemical plant (1330 GMT).
    Modena, "Motor Valley Fest" event starts; ends on May 5. On
Thursday opening conference with Formula 1 Chairman and CEO
Stefano Domenicali, Azimut  AZMT.MI  Chairwoman Giovanna
Vitelli, Pirelli  PIRC.MI  CEO Andrea Casaluci; Industry
Minister Adolfo Urso delivers closing remarks (0700 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/