Italy - Factors to watch on October 22
Italy - Factors to watch on October 22 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 (*).
ECONOMY
A protest by Italian truck drivers over fuel prices and the cost of living is causing food shortages in shops, with deliveries disrupted and fresh produce rotting, retailers said on Wednesday.
Italy's energy minister said measures agreed with the EU last week to curb energy costs should cut Italy's wholesale electricity prices by around 10%, adding that the package is expected to enter into force in January.
DEBT
Treasury announces details of the BTP Short and BTPei auction on October 27.
Orders for Italy's BTP Valore retail bond reached €12.1 billion on Wednesday after the three days of the offer. The sale continues through Friday.
ENERGY
Italy hopes that measures agreed with the European Union on Friday will reduce wholesale electricity prices by around 10%, energy minister Gilberto Pichetto Fratin said on Wednesday.
COMPANIES
(*) LEONARDO LDOF.MI
The defence group has won two contracts worth €3.7 billion($4.16 billion) in total with the Italian army through its joint venture with Germany's Rheinmetall RHMG.DE, MF reported on Thursday. The contracts are for the supply of the A2CS combat vehicles and the new generation MBT tanks, the financial daily said.
(*) STELLANTIS STLAM.MI
New car sales across the European Union, Britain and the European Free Trade Association rose in September by 10.2% year-on-year, data from the European Automobile Manufacturers' Association (ACEA) showed on Thursday. Stellantis underperformed the market, with group sales rising by 4.5%.
(*) PIRELLI PIRC.MI
The Italian tyremaker said on Thursday it had signed an agreement with Indian peer BKT BLKI.NS for the production of up to 800,000 Pirelli-branded tyres in India by 2030, and for the creation, at a later stage, of a 50-50 joint venture for an Indian production plant.
(*) OVS OVS.MI
The Italian retailer will invest €10 million in Dubai to open its largest flagship store, Chief Executive Stefano Beraldo told MF daily, adding that the group's next destination would be Abu Dhabi. Beraldo said that to reach the target of €3 billion euros in revenue within five years "many things need to go right, but the potential is there."
(*) THE ITALIAN SEA GROUP TISGR.MI
Italian yacht builder Azimut Benetti's plan to acquire troubled rival The Italian Sea Group (TISG) would initially focus on restarting production and, in a second phase, on expanding its custom yacht-building and yacht refit operations, daily Il Sole 24 Ore reported on Thursday.
MONCLER MONC.MI
The Italian luxury outerwear group reported broadly flat third-quarter revenue at constant exchange rates on Wednesday, feeling the effects of a decline in Europe driven by weaker tourist spending.
FINECO FBK.MI
The mix of external cloud services and in-house capabilities will help the Italian digital bank to keep IT costs in check and better manage technology risks as its use of AI grows, its chief executive said.
IVECO GROUP IVG.MI
The Italian truck maker appointed Damiano Cretarola as its new chief financial officer, effective from November 2.
WEBUILD WBD.MI, TREVI TFI.MI
Saudi antitrust authorities have cleared Webuild's takeover offer for Trevi, Webuild said on Wednesday.
BPER BANCA EMII.MI
The European Central Bank has set a minimum consolidated CET1 ratio of 9.60% from 2027, the Italian lender said on Wednesday, adding that its CET1 ratio stood well above the threshold, standing at 14.95% as of June 30.
CREDEM EMBI.MI
The European Central Bank has set a minimum consolidated CET1 ratio of 8.63% from 2027, the Italian lender said on Wednesday, adding that its CET1 ratio stood well above the threshold, standing at 16.22% as of June 30.
DIARY
Rome, Fondo Italiano d'Investimento holds its annual meeting, with CEOs from CDP, Snam SRG.MI, Fincantieri FCT.MI, Leonardo LDOF.MI and Terna TRN.MI among participants (0730 GMT).
Milan, Global Blue hosts its Luxury Shopping Insights event on trends in the luxury market (0800 GMT).
Rome, Prime Minister Giorgia Meloni attends the 62nd National Congress of Notaries (1300 GMT).
Rome, cabinet meeting on aid measures for truck drivers and farmers.
Turin, Bank of Italy Governor Fabio Panetta interviewed at the Turin International Economy Festival (1415).
Rome, Maire inaugurates NODE, NextChem's new research, development and pilot plant technology centre (1500 GMT).
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
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/