Italy - Factors to watch on Oct. 25

OVS SpA

25/10/2023 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
    Prime Minister Giorgia Meloni speaks before Senate on EU
Council meeting on Thursday and Friday (0800 GMT); speech
delivered to the Chamber of Deputies (0900 GMT) then followed by
debate (1400 GMT).
     
    ECONOMY
    ECB releases September data on Italian banks domestic
government bond holdings (0800 GMT).
    
    DEBT
    Italy will offer financial incentives to retail buyers of
the country's sovereign bonds, a draft of the 2024 budget showed
on Tuesday, as the government seeks to boost domestic holdings
of its 2.84 trillion euro ($3.02 trillion) public debt.
    Treasury sells 2.0-2.5 billion euros 3.60% BTP Short bonds
due Sept. 29, 2025 and 1.0-1.5 billion euros 1.50% BTPei bonds
due May 15, 2029. Subscriptions close at 0900 GMT.
    
    COMPANIES
    STELLANTIS  STLAM.MI 
    Franco-Italian automaker Stellantis said on Tuesday it
planned a joint venture with French nuclear fuels firm Orano to
recycle used electric vehicle batteries and scrap materials from
its gigafactories in Europe and North America.
    
    UNICREDIT  CRDI.MI 
    The lender intends to increase the fees it generates from
selling investment funds, the Italian bank's CEO said on
Tuesday, and is working to "rebalance" a deal with French
partner Amundi to achieve its aim.
    News conference on "Buddy R-Evolution: a new era with a new
service model" with CEO Andrea Orcel (0700 GMT).
    
    TELECOM  TLIT.MI  
    The phone group's top investor Vivendi is ready to challenge
in court any decision by the Italian group's board to sell its
landline grid unless shareholders back it with a qualified
majority, two sources close to the matter said.
        
    ITALGAS  IG.MI 
    Releases Q3 results (before Bourse opening), followed by
conference call (1300 GMT).
    
    SAIPEM  SPMI.MI 
    Releases Q3 results.
      
            
    DIARY
    Final day of the 22nd edition of "Milano Fashion Global
Summit 2023"; expected attendees include Dolce&Gabbana CEO
Alfonso Dolce (0800 GMT), luxury sportscar maker Lamborghini
 VOWG_p.DE  CEO Stephan Winkelmann (0910 GMT), Ferretti Group
 YACHT.MI  CEO Alberto Galassi (0930 GMT), Italian luxury goods
companies association Altagamma President Matteo Lunelli (0950
GMT), OVS  OVS.MI  CEO Stefano Beraldo (1010 GMT), Damiani Group
CEO Jerome Favier (1105 GMT).
    Rome, Leonardo  LDOF.MI  CEO Roberto Cingolani speaks before
the Chamber of Deputies Defence Committee on issues regarding
the production of goods and services of interest for the defence
sector's equipment (0630 GMT).
        Defence Minister Guido Crosetto and Culture Minister
Gennaro Sangiuliano art exhibition preview in Rome (0900 GMT) 
  
    Rome, ISTAT releases "Poverty in Italy 2022" report with
news conference with President Francesco Maria Chelli (0800
GMT).
    Rome, Infrastructure and Transport Deputy Minister Edoardo
Rixi attends event on shipyards (0800 GMT).
    Milan, "Digit'Ed Fast Forward" event with Marcegaglia
Holding Chair and CEO Emma Marcegaglia, state railways Ferrovie
dello Stato CEO Luigi Ferraris, Acea  ACE.MI  CEO Fabrizio
Palermo (1300 GMT).
    Milan, 'Eccellenze d'Impresa' holds 10th edition Award
event(1430 GMT); Eccellenze d'Impresa President Luigi Consiglio
and Milan Stock Exchange CEO Fabrizio Testa deliver introductory
remarks (1500 GMT); expected attendees include business lobby
Confindustria Director General Raffaele Langella (1510 GMT);
illycaffe CEO Cristina Scocchia (1600 GMT).
    Florence, Bank of Italy Deputy Governor Luigi Federico
Signorini gives speech at a book presentation "History of the
Bank of Italy" (0830 GMT).
    Ravenna, "OMC-Med Energy" conference continues (0730 GMT);
ends on Oct. 26. On Wednesday expected attendees include steel
industry body Federacciai President and Duferco Group Chairman
Antonio Gozzi (0950 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/