Italy - Factors to watch on March 2
02/03/2022 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 .
GENERAL
Italy reported 46,631 COVID-19 related cases on Tuesday,
against 17,981 the day before, the health ministry said, while
the number of deaths rose to 233 from 207. urn:newsml:reuters.com:*:nR1N2U7024
POLITICS
Italy is ready to impose further sanctions on Russia after
its invasion of Ukraine, including targeting its oligarchs and
increasing pressure on the central bank, Prime Minister Mario
Draghi said on Tuesday. urn:newsml:reuters.com:*:nL8N2V42YQ
Russia's invasion of Ukraine has prompted Italy to put on
hold its share of financing for the $21 billion Arctic LNG 2
project led by privately-owned Russian gas producer Novatek
NVTK.MM , two sources close to the matter told Reuters on
Tuesday. urn:newsml:reuters.com:*:nL8N2V46R4
DEBT
Italy posted a state sector budget deficit of 4.2 billion
euros ($4.67 billion) in February compared to a shortfall of
10.3 billion euros in the same month last year, the Treasury
said in a statement on Tuesday. urn:newsml:reuters.com:*:nS8N2RF015
COMPANIES
ENI ENI.MI
The Italian oil and gas group said on Tuesday it planned to
sell its stake in the Blue Stream gas pipeline connecting Russia
to Turkey which it currently owns jointly with Gazprom
GAZP.MM . urn:newsml:reuters.com:*:nL8N2V485T
STELLANTIS STLA.MI
The world No.4 carmaker aims to double revenue to 300
billion euros ($335 billion) a year by 2030 and keep profit
margins high, as it steps up efforts to roll out electric
versions of its cars, profitable Jeep SUVs and RAM pickup
trucks. urn:newsml:reuters.com:*:nL1N2V40TK
Industry-wide new car sales in Italy fell 22.56%
year-on-year in February, the transport ministry said on
Tuesday. The Stellantis group held 37.8% of Italy car market,
according to Reuters calculations. urn:newsml:reuters.com:*:nR1N2U7025
TELECOM ITALIA (TIM) TLIT.MI
The Italian phone group will set out on Wednesday its
alternative to a 10.8 billion euro ($12 billion) takeover by
U.S. fund KKR KKR.N and also publish bleak annual results that
will underline the challenges that it faces. urn:newsml:reuters.com:*:nL8N2V04WU
BANCO BPM BAMI.MI , BANCA POPOLARE DI SONDRIO BPSI.MI
Italy's third-largest bank said on Tuesday it had agreed to
sell its 39.5% stake in factoring unit Factorit to smaller rival
Banca Popolare di Sondrio for 75 million euros, in line with the
asset's book value. The sale, which is set to close by March 31,
will add 14 basis points to Banco BPM's CET1 fully-phased
capital ratio. urn:newsml:reuters.com:*:nFWN2V41FG
PRYSMIAN PRY.MI
The world's largest cable maker expects only a minor impact
on operations from the Ukraine crisis but warned about a
potential metals crunch as Western sanctions impact Russia.
urn:newsml:reuters.com:*:nL8N2V45TX
MFE-MEDIAFOREUROPE MFEA.MI MFEB.MI
The Italian broadcaster said on Tuesday its operating profit
rose by 52% last year to 476 million euros ($528 million),
boosted by a post-pandemic rebound in domestic advertising
revenues. urn:newsml:reuters.com:*:nL8N2V47N6
BANKS
The Bank of Italy said on Tuesday it would remove a number
of relief measures on banking requirements that had been
introduced to help lenders through the COVID-19 crisis.
urn:newsml:reuters.com:*:nR1N2U702H
TOD'S TOD.MI
Board meeting to call annual general meeting.
BANCA MEDIOLANUM BMED.MI
Board meeting on FY results (0900 GMT - released on Feb.
10).
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Board meeting on FY results (released on Feb. 7).
PIAGGIO PIA.MI
Board meeting on FY results, followed by conference call
(1300 GMT).
FTSE Italian indices announcement of quarterly reshuffle
effective as of March 21.
DIARY
Economy Ministry holds event on "Italian capital markets
competitiveness to support growth", attendees include Economy
Minister Daniele Franco, Treasury Department Director General
Alessandro Rivera, Milan Stock Exchange CEO Fabrizio Testa,
banking association ABI Director General Giovanni Sabatini, Bank
of Italy Deputy DGs Alessandra Perrazzelli and Piero Cipollone;
(0930-1330 GMT).
Rome, Economy Minister Daniele Franco speaks before Chamber
of Deputies on the transfer of building bonuses (1500 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/