Italy - Factors to watch on Dec. 15

OVS SpA

15/12/2022 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
    Italy's draft 2023 budget draft, drawn up by its new
government, is overall in line with policies agreed by EU
governments, the European Commission said on Wednesday, noting
that it did also have several drawbacks.
    The Italian parliament should have a proper and wide-ranging
debate on the euro zone bailout fund before deciding whether to
ratify its reformed treaty, Economy Minister Giancarlo Giorgetti
said on Wednesday.
    ECONOMY
    Bank of Italy releases October data on public finances,
state borrowing and debt.
    Italy has so far collected around 2.8 billion euros ($3
billion) from a contested windfall tax on energy companies in
force for this year only, Economy Minister Giancarlo Giorgetti
told parliament on Wednesday.
    COMPANIES
    TELECOM ITALIA (TIM)  TLIT.MI 
    The phone group held a meeting with representatives of
Global Infrastructure Partners to discuss a potential investment
by the infrastructure fund into Telecom Italia's landline grid,
a source with knowledge of the matter said on Wednesday.
    The head of Telecom Italia (TIM) said on Wednesday the
company needs to sell assets to cut its debt after a sale of its
landline grid to state lender Cassa Depositi e Prestiti (CDP)
was put on hold by the new government.
    Board expected to meet; first meeting among government and
representatives of Telecom Italia's main shareholders, Vivendi
 VIV.PA  and state lender Cassa Depositi e Prestiti (CDP), to
discuss the new executive's plans for the former monopolist.
    ENEL  ENEI.MI 
    The board of Italy's biggest utility has approved on
Wednesday selling one or more subordinated bonds for a total of
up to 2 billion euros ($2.1 billion) by the end of next year. 
    ITALGAS  IG.MI 
    The board of the gas distributor approved on Wednesday the
2022-2028 Sustainable Value Creation Plan, which sets targets to
create value for the group's stakeholders and for the
territories in which it operates. 
    OVS  OVS.MI 
    Board meeting on Q3 results.
    SACCHERIA FRANCESCHETTI  SAC.MI 
    Industrial packaging made of polypropylene raffia fabric
company debuts on Euronext Growth Milan.
    DIARY
    ISTAT holds news conference online to present main results
of 3rd edition of the 'Permanent Population Census',
breakthrough in autumn 2021, with President Gian Carlo
Blangiardo (1230 GMT).
    Rome, Industry Minister Adolfo Urso delivers opening address
at "National Anti-Bribery Day" (0830 GMT).
    Rome, Senate holds question time session (1400 GMT);
Industry Minister Adolfo Urso attends.
    Rome, farming association Confagricoltura ends meeting 
"People, Agriculture, Environment" (0900 GMT); expected
attendees include Rome Mayor Roberto Guartieri, message by
European Parliament President Roberta Metsola, Transport
Minister Matteo Salvini, EU Economy Commissioner Paolo
Gentiloni; video messagge by Prime Minister Giorgia Meloni.
    Rome, Brothers of Italy party starts event "Ten years of
love for Italy" (1400 GMT); ends on Dec. 17. On Thursday
interview of Senate Speaker Ignazio La Russa (1530 GMT);
Interior Minister Matteo Piantedosi and Interior Undersecretary
Emanuele Prisco (1700 GMT); expected attendees include at panel
"Food sovereignty and security" Health Minister Orazio
Schillaci, Agriculture Minister Francesco Lollobrigida, U.N.
Food and Agriculture Organization (FAO) Vice Director General
Maurizio Martina, farmers' lobby Coldiretti President Ettore
Prandini, Agriculture Undersecretary Patrizio La Pietra (1800
GMT).
    Rome, insurers' association ANIA presents research
"Innovation and sustainability: insurance with the Country" with
ANIA President Maria Bianca Farina; Environment and Energy
Security Minister Gilberto Pichetto Fratin (0900 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/