Italy - Factors to watch on August 13
Italy - Factors to watch on August 13 The following factors could affect Italian markets on Thursday
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
POLITICS
Italian Prime Minister Giorgia Meloni's government is increasingly unpopular among young voters, opinion polls show, a trend that could prove costly ahead of a national election due next year.
Since taking office in 2022, Meloni has done little on the economic front to increase opportunities for the young, analysts say, while passing a raft of law-and-order measures that often disproportionately affect them.
COMPANIES
UNICREDIT CRDI.MI
According to a Reuters exclusive, the ECB is leaning toward approving the takeover of Commerzbank CBKG.DE. An internal document on its preliminary assessment of the transaction shows that the European authority has identified no "reasons to oppose" the deal, although it believes the integration process will be "complex and lengthy."
German supervisors are calling for a "mitigation strategy" to rebuild consensus within the German bank after the hostile takeover, as well as a strengthening of the Italian group's internal checks and balances.
SAIPEM SPMI.MI
Saipem said it had been awarded an offshore EPCI contract in the Middle East, valued at approximately $1.8 billion.
The utility group also said it had signed a Limited Notice to Proceed with Sonatrach for the implementation of Phase 1 of the "Phosphates Intégré" project in Algeria, valued at approximately €500 million.
PRYSMIAN PRY.MI
The cable maker will invest over $1 billion in three U.S. production sites, located in North Carolina, South Carolina, and Tennessee, to strengthen its manufacturing capacity in the North American market.
*NEXI NEXII.MI
Stakes recently built by Mediobanca and JPMorgan hedge derivative contracts entered into by CDP to support its plan to raise its stake in the payments group to 29.9%, Italian financial daily MF reported on Thursday.
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
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/