Italy - Factors to watch on Oct. 30
30/10/2024 07:10
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
ISTAT releases Q3 GDP preliminary data (0900 GMT) and
September producer prices data (1000 GMT).
DEBT
Treasury sells up to 9.0 billion euros over three different
bonds. Subscriptions close at 1000 GMT.
COMPANIES
ENI ENI.MI
The energy group has not suffered any breach of its computer
systems, a spokesman said on Tuesday after Italian police
unveiled an investigation into illegal access to state databases
to get confidential information on companies and individuals.
(*) MONTE DEI PASCHI BMPS.MI
The Treasury has decided to sell a further 10% stake in
Monte dei Paschi through a market placement, to be held after
the lender's earnings on Nov.8, daily Corriere della Sera
reported on Wednesday. By further cutting its 26.7% stake, Rome
expects to raise some 640 million euros, the report added.
LEONARDO LDOF.MI
An Italian parliamentary committee approved on Tuesday a
government plan worth some 8.2 billion euros ($8.86 billion) to
buy new-generation tanks and revamp the army's ground forces,
two sources close to the matter said.
DAVIDE CAMPARI CPRI.MI
The Italian spirits maker missed forecasts on Tuesday with
an 18.2% drop in third-quarter operating profit, and warned its
fourth-quarter results would be hit by lower production volume
and an unfavourable sales mix.
The company said in a subsequent conference call with
analysts that its global priority brands are not for sale.
(*) LOTTOMATICA LTMC.MI
The Italian betting group on Wednesday posted a 30% yearly
jump in third-quarter adjusted core profit, also driven by an
increase in online market share.
(*) EDISON EDNn.MI
The Italian energy group reported on Wednesday a 13.3% jump
in nine-month core profit (EBITDA) to 1.4 billion euros ($1.5
billion), driven higher by production of renewable energies, gas
portfolio optimisation and retail sales.
MONCLER MONC.MI
Revenues at the Italian luxury outerwear maker fell 3% at
constant exchange rates in the third quarter, slightly more than
analysts had anticipated, with weakness spread across all its
main markets.
(*) Berenberg said on Wednesday it started coverage of the
group with a 'hold' rating and a share target price of 57 euros.
(*) CUCINELLI BCU.MI
Berenberg said on Wednesday it started coverage of the
luxury group with a 'buy' rating and a share target price of 110
euros.
AVIO AVI.MI
The Italian aerospace firm said on Tuesday its U.S. unit
will work with ACMI Properties to design its first
solid-propellant engine production plant in the United States.
AMPLIFON AMPF.MI
Releases Q3 results, followed by conference call (1700 GMT).
IVS IVS.MI
Is de-listed as of Wednesday.
DIARY
Rome, Economy Deputy Minister Maurizio Leo addresses Senate
Budget Committee on urgent economic and fiscal measures law
decree (0800 GMT).
Rome, Industry Minister Adolfo Urso attends event "Platform
Real Estate" (0900 GMT), ceremony for the Order of Merit for
Labour (1000 GMT).
Rome, real estate lobby Assoimmobiliare holds public meeting
(1000 GMT); expected attendees include Economy Deputy Minister
Maurizio Leo, state property agency 'Agenzia del Demanio'
Director Alessandra Dal Verme.
((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/