Italy - Factors to watch on October 16
16/10/2024 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
Italian Prime Minister Giorgia Meloni said on Tuesday she
plans to visit Lebanon on Oct. 18, just days after Israeli
forces attacked U.N. bases in the country, drawing anger from
many EU capitals, including Rome.
ECONOMY
ISTAT releases September CPI final data (0800 GMT).
COMPANIES
BANKS, INSURERS
Italy's government plans to raise 3.5 billion euros ($3.81
billion) from domestic banks and insurers as part of its budget
plans, Deputy Prime Minister Matteo Salvini said on Tuesday.
The budget for 2025 includes measures worth around 30
billion euros including tax cuts and welfare measures, the
Treasury said separately.
FERRAGAMO SFER.MI
Revenues at the Italian luxury group fell by 7.2% at
constant exchange rates in the third quarter of the year, hit by
weak demand in Asia, the company said on Tuesday.
POSTE ITALIANE PST.MI
Blackrock BLK.N is not involved in government plans to
sell a stake in the postal service, Italian Prime Minister
Giorgia Meloni said on Tuesday, denying press reports on the
issue.
AEFFE AEF.MI
The Italian fashion group said on Tuesday it had appointed
Lorenzo Serafini as the new creative director of its Alberta
Ferretti brand, which will incorporate the Philosophy brand
headed until now by Serafini.
DIGITAL VALUE DGV.MI , OLIDATA OLI.MI
Shares in Digital Data and Olidata closed with double-digit
declines on Tuesday after the heads of the two companies were
under investigation in a bribery probe, according to legal
documents reviewed by Reuters.
Italy's bourse said that no orders without price limits
would be allowed on the shares of the two companies starting
from Oct. 16, pending further notice.
DIARY
Rome, Economy Minister Giancarlo Giorgetti holds press
conference on 2025-27 budget plans (1100).
Milan, ECB board member Claudia Buch gives lecture at
Bocconi University on "Banks Profitability" (1020 GMT).
Prime Minister Giorgia Meloni attends 'EU-Gulf Cooperation
Council Summit' in Brussels (to Oct. 18).
Rome, Industry Minister Adolfo Urso attends presentation of
the 'Green Book' "Made in Italy 2030" on the future of Italian
industrial policy (0800 GMT).
Rome, Ecomondo presents 27th edition of "Technological
responses and innovative solutions to meet the new global
climate, environmental and economic challenges" with Environment
and Energy Security Minister Gilberto Pichetto Fratin, Italian
Exhibition Group IEG.MI CEO Corrado Peraboni (0800 GMT).
Milan, Google GOOGL.O AI Connect holds news conference
"Artificial intelligence made by people, for people" with Google
Italian Country Manager Melissa Ferretti Peretti (1500 GMT).
Cernobbio, 2nd edition 'Como Lake 2024' "The Great
Challenge" continues; ends on Oct. 18. On Wednesday expected
attendees include Meta META.O Vice President Public Policy
Europe and Global Economic Policy Markus Reinisch, Oracle
ORCL.N Italian CEO Carlotta Alvarez Pedreira, Labour Minister
Marina Calderone, Meta Country Director Luca Colombo, Defence
Minister Guido Crosetto, Microsoft MSFT.O CEO Vincenzo
Esposito, Health Minister Orazio Schillaci.
((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/