Italy - Factors to watch on March 5
05/03/2024 05:00
The following factors could affect Italian markets on Tuesday.
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
A space centre in the heart of Italy is set to host the main
control site for the low-orbit IRIS² (pronounced 'Iris squared')
EU satellite constellation, Italy's industry minister said on
Monday.
DEBT
Retail investors directly bought an estimated 74% of Italy's
new BTP Valore bond issued last week, while the remaining share
was bought on their behalf via private banking, the Treasury
said on Monday.
Italy raised 18.3 billion euros ($19.9 billion) from the
6-year note designed for private savers, overhauling the two
previous offers placed in June and October 2023.
ECONOMY
February services PMI S&P Global data (0845 GMT).
ISTAT releases Q4 GDP final data (0900 GMT).
COMPANIES
GENERALI GASI.MI
The CEO of Italy's top insurer Generali on Monday urged the
Italian government to revise its new capital markets law, saying
it would make it impossible for a company's outgoing board to
present candidates for the next term.
A2A A2.MI
Italy needs to invest around 15 billion euros ($16.3
billion) on its hydroelectric power plants to adjust to climate
change and modernise them, the head of regional utility A2A
A2.MI said on Monday.
Failure to attract investment would mean the Italian
government would not meet its 2030 renewable energy goals, A2A
CEO Renato Mazzoncini told an event in Milan.
MAIRE TECNIMONT MTCM.MI
Engineering group Maire Tecnimont said its Nextchem unit had
agreed to buy German-based GasConTec for 30 million euros.
Board meeting on FY results, followed by 'Capital Markets
Day' (1400 GMT) and Q&A session with the press (1530 GMT) in
Milan.
PIAGGIO PIA.MI
Italy's Piaggio, producer of the iconic Vespa scooter, on
Monday posted falling sales and income just below forecast as it
presented its 2023 results, sending its shares down almost 6%.
BANCA GENERALI BGN.MI
Board meeting on FY results (preliminary FY results released
on Feb. 8).
BREMBO BRBI.MI
Board meeting on FY results, followed by conference call
(1330 GMT).
DIARY
Rome, Economy Deputy Minister Maurizio Leo gives speech
at the inauguration ceremony of '2024 Judicial Tax Year' (1000
GMT).
Rome, Senate meets to ratify law decree containing urgent
provisions on the extraordinary administration of strategic
companies (1100 GMT).
Rome, representatives from Telecom Italia (TIM) TLIT.MI
speak before Senate Environment Committee on the future of the
national network and the company's development plans (14,00).
Rome, U.N. Food and Agriculture Organization (FAO) launches
report "The Unjust Climate - Measuring the impacts of climate
change on the rural poor, women and youth" (1400 GMT) in
presence and online.
Pescara, Prime Minister Giorgia Meloni, Infrastructure and
Transport Minister Matteo Salvini, Foreign Minister Antonio
Tajani speak at rally for right-wing regional elections
candidate and outgoing Abruzzo president Marco Marsilio (1700
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/