Italy - Factors to watch on September 20
20/09/2024 05:00
The following factors could affect Italian markets on Friday.
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
...
DEBT
Treasury announces sale of BTP Short and BTPei bonds, with
relative amounts to be auctioned on Sept. 25.
COMPANIES
UNICREDIT CRDI.MI
A German bank staff union on Thursday called on Berlin to
prevent Italy's second-largest bank from buying Commerzbank,
warning of massive job losses if the deal goes through.
For decades, Andrea Orcel was the 'rainmaker' who CEOs
turned to for advice on the big deals that reshaped the banking
landscape. Now, as UniCredit chief executive, the Italian has
set himself his biggest test so far -- breaking down Europe's
deeply entrenched political resistance to cross-border mergers.
INTESA SANPAOLO ISP.MI
The lender is planning to offer to up to 3,000 of its
workers the option to retire early, union sources said on
Thursday, after a meeting where they discussed the incentive
scheme with representatives from Italy's biggest bank.
BANCA MEDIOLANUM BMED.MI
The European Central Bank was wrong to block Italy's former
prime minister Silvio Berlusconi from keeping a 30% stake in the
Italian asset manager after a tax fraud conviction, the European
Union Court of Justice ruled on Thursday.
LOTTOMATICA LTMC.MI
The Italian betting firm said on Thursday that its
shareholder Gamma Intermediate was selling 15 million shares, or
around 6% of its share capital, through an accelerated
bookbuilding process. The final terms of the placement,
including the price, will be unveiled on Friday. Upon completion
of the sale, Gamma will retain a 51.5% stake in Lottomatica.
DIARY
Budapest, Infrastructure and Transport Minister Matteo
Salvini attends EU Transport minister informal meeting.
Rome, "Insurance High Level Conference": attendees
include insurance supervisor IVASS President and Bank of Italy
Deputy Governor Luigi Federico Signorini, Generali GASI.MI
Insurance CEO Giulio Terzariol, Economy Ministry Director
General Riccardo Barbieri Hermitte (0800 GMT).
Naples, G7 'Culture' ministerial meeting starts; ends on
Sept. 21.
Parma, Open starts event "The challenges of the future"
(1300 GMT); ends on Sept. 22. On Friday expected attendees
include Economy Minister Giancarlo Giorgetti.
((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/