Italy - Factors to watch on Nov. 27

Pierrel SpA

27/11/2023 05:00

The following factors could affect Italian markets on Monday.
    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
    The European Commission said on Friday it had given a
positive assessment of Italy's proposals to revise its
post-COVID recovery plan, including investments and reforms to
make the country's economy greener under the REPowerEU scheme.
    
    Italy's government is working with European Union
authorities to secure a fourth instalment of post-COVID funds
worth 16.5 billion euros ($18.00 billion) by the end of this
year, EU Affairs Minister Raffaele Fitto said on Friday.

    Italian government members are likely to be targeted soon by
hostile prosecutors who want to bring down the government,
Defence Minister Guido Crosetto said in an interview with daily
Corriere della Sera on Sunday, citing information from unnamed
sources. His words drew an angry reaction from the judiciary and
the political opposition, who called on Crosetto to provide
evidence or reveal his sources.
    
    Industry Minister Adolfo Urso is on an official mission to
the Arabian peninsula until Nov. 28, with meetings in Qatar,
Saudi Arabia and the United Arab Emirates. Urso will again
invite Arab sovereign wealth funds to invest in a new government
fund to support domestic firms.
        
    BANKS
    BPER, Mediobanca, BNL and Iccrea have been added to the 2024
list of systemically important institutions in Italy, the Bank
of Italy said on Friday.
    
    COMPANIES
    CAMPARI  CPRI.MI 
    Italian spirits group Campari and Chinese group Sichuan
Yibin Wuliangye, known for the Chinese liquor baijiu, have
signed a memorandum of understanding for strategic cooperation,
they said on Friday.
    
        TELECOM ITALIA (TIM)  TLIT.MI 
    Tim will receive around 700 million euros from state-owned
Infratel as advance payment for the rollout of ultra fast
broadband in poorly connected areas and for the development of
the 5G network, sources close to the matter said on Saturday.
The payments come after a green light from Infratel's board.
Rival Open Fiber will receive 540 million euros, the sources
said.
  
        
  
    PIERREL  PRL.MI 
        PRL Spa starts takeover bid on Pierrel shares; ends on
Dec. 15.  
    DIARY
    Rome, Cabinet meeting (1600 GMT).
    Rome, conference "Free to Count - More Financial Awareness
Less Economic Violence" to celebrate the 'International day for
the elimination of violence against women' (0900 GMT); market
regulator CONSOB President Paolo Savona and Economy
Undersecretary Federico Freni deliver opening addresses;
expected attendees include CONSOB Commissioner Gabriella
Alemanno, Magda Bianco from Bank of Italy, BNL BNP Paribas
Chairwoman Claudia Cattani, Maria Rosaria Covelli from Justice
Ministry.
        Milan, Bocconi University and Investindustrial
Foundation holds meeting "Anna Bonomi Bolchini: affirmation,
growth and future of women's leadership"; expected attendees
include Investindustrial President Andrea Bonomi, Illycafè CEO
Cristina Scocchia, Google  GOOGL.O  representative Giorgia
Abeltino (1000 GMT).
  
    Milan, news conference to present 19th° private banking
association (AIPB) forum "A pact between generations: the
Private Banking agenda" with President Andrea Ragaini and
Secretary General Antonella Massari (1000 GMT).
        Bra, A2A  A2.MI  holds 'life talk #2' "No life without
land; reflect, discover and know" with CEO Renato Mazzoncini
(0845 GMT).
  
    Naples, UNESCO starts conference on the future of world
heritage "Cultural Heritage in the 21st century"; ends on Nov.
29.
    
    ((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/ 

($1 = 0.9168 euros)