Italy - Factors to watch on April 17

PRISMI SpA

17/04/2024 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 .
    
    ECONOMY
    The International Monetary Fund forecast in its World
Economic Outlook on Tuesday that Italy's debt-to-GDP ratio would
rise this year to 139.2% from the 137.3% posted last year, and
continue to climb steadily to reach 144.9% in 2029.
    
        Bank of Italy releases 'Economic Bulletin' (1300 GMT).
  
    
    DEBT
        Treasury offers up to 3.0 billion euros following two
BTP bonds 3.85% due Dec. 15,2029 and 3,35% due March 1, 2035 in
exchenge for following five bonds: CCTEu due Oct. 15, 2024;
CCTEu due Jan. 15, 2025; 0.35% BTP bonds due Feb. 1, 2025; 3,40%
BTP bonds due March 28, 2025; 1.85% BTP bonds due July 1, 2025.
  
    
    M&A
    Lufthansa's  LHAG.MI  new remedies on its ITA Airways stake
buy are not markedly different from an earlier package rejected
by EU antitrust regulators which have also discounted Ryanair as
a rival in its scrutiny of the deal, people familiar with the
matter told Reuters on Tuesday.
    
    COMPANIES
    STELLANTIS  STLAM.MI 
    The carmaker faces a challenging year, with increasing
pricing pressures, its chief executive warned on Tuesday before
shareholders voted to approve his bumper 2023 salary package.
    
    DE NORA  DNR.MI 
    The Italian industrial applications company said on Tuesday
it had sold its Hyde Marine UV business to the Norwegian firm
Optimarin AS.
        
    FERRARI  RACE.MI 
    Annual general meeting (0700 GMT).
        
    Maire Tecnimont  MTCM.MI 
    Annual general meeting (0830 GMT).
    
    IVECO GROUP  IVG.MI 
    Annual general meeting (1000 GMT).
    
    BRUNELLO CUCINELLI  BCU.MI 
    Board meeting on Q1 results (revenues), followed by
conference call (1600 GMT).
    
    PRISMI  PRSM.MI 
    Alascom Srl ends full mandatory takeover offer on Prismi
shares (started on March 25).
    
    DIARY
    Prime Minister Giorgia Meloni and Interior Minister Matteo
Piantedosi in Tunis for the 'Mattei Plan' (0800 GMT).
    Prime Minister Giorgia Meloni attends special European
Council meeting in Brussels.
    Economy Minister Giancarlo Giorgetti attends International
Monetary Found and the World Bank annual 'Spring Meetings' in
Washington.
    President Sergio Mattarella starts official visit to
Bulgaria; ends on April 18.
    Capri, G7 Foreign Affairs ministerial meeting starts; ends
on April 19.
    Rome, banking association ABI holds Executive Committee
meeting (0800 GMT); ECB board member Piero Cipollone gives
speech online (0900 GMT).
    Rome, Industry Minister Adolfo Urso attends news conference
to cycling tour 'Giro d'Italia' "Next Gen 2024" (0800 GMT).
    Rome, Antitrust Authority (AGCOM) President Roberto
Rustichelli presents the annual report on its activities in 2023
at Chamber of Deputies (0900 GMT).
    Rome, Cabinet Undersecretary Alfredo Mantovano speaks before
Parliamentary Committee for Childhood and Adolescence on the
material, moral and cultural degradation in the condition of
minors, with focus on the spread of alcohol, new drugs,
aggression and violence (1315 GMT).
    Rome, ISTAT presents 11th edition "BES Report 2023 - The
evolution of equitable and sustainable well-being in Italy" in
presence and online (0800 GMT); ISTAT President Francesco Maria
Chelli and Economy Undersecretary Lucia Albano deliver welcome
remarks; followed by a round table (0900 GMT) with Italian
Olympic Committee (CONI) Vice President Silvia Salis (0910 GMT),
Ottavio Ricchi from Economy Ministry (0940 GMT).
    Rome, 6th edition 5G&Co.2024 conference "Everything is
Connected" ends (0700 GMT); on Wednesday expected attendees
include Industry Minister Adolfo Urso, Telecom Italia (TIM)
 TLIT.MI  CEO Pietro Labriola (interview), telecoms association
(ASSTEL) Director General Laura Di Raimondo, Cisco  CSCO.O 
Italian CEO Gianmatteo Manghi.
    Rome, Unioncamere holds event "Italy: a value in the world"
(0830 GMT); Unioncamere President Andrea Prete delivers
introductory remarks (0845 GMT); Industry Minister Adolfo Urso
delivers closing address (1000 GMT).
    Rome, business lobby Confindustria presents economic
forecast report "Interest Rates, National Recovery and
Resilience Plan (NRRP), superbonus, energy: what will happen to
Italian growth?" (0830 GMT); expected attendees include
Parliamentary Budget Office (UPB) President Lilia Cavallari;
Confindustria President Carlo Bonomi delivers closing address.
    Rome, Ryanair  RYA.I  holds news conference with Ryanair
Group CEO Michael O'Leary (0830 GMT).
    Rome, trade association Confcommercio holds forum with
President Carlo Sangalli, Industry Minister Adolfo Urso (1330
GMT).
    Milan, "Green & Hydrogen Forum 2024, 2050 aiming at climate
neutrality" (0730 GMT); expected attendees include Environment
and Energy Security Minister Gilberto Pichetto Fratin (0730
GMT); Energy Authority (ARERA) President Stefano Besseghini
(0750 GMT); Ansaldo Energia unit CEO Fabrizio Fabbri (0830 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/