Italy - Factors to watch on July 27

Rai Way SpA

27/07/2023 05:00

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 (*).
    
    For a complete list of diary events in Italy please click on
 IT/DIA .
    
    ECONOMY
    ISTAT releases July consumer and business confidence data
(0800 GMT) and Q2 wage inflation data (0900 GMT).
    
    DEBT
    Treasury sells 3.0-3.5 billion euros 3.80% BTP bonds due
Aug. 1, 2028; 3.25-3.75 billion euros 4.35% BTP bonds due Nov.
1, 2033; 1.0-1.25 billion euros 2.50% BTP bonds due Dec. 1, 2032
and 1.0-1.25 billion euros CCTeu bonds due Oct. 15, 2028.
Subscriptions close at 0900 GMT.
    
    COMPANIES
    STELLANTIS  STLAM.MI  
    The carmaker's CEO Carlos Tavares said on Wednesday a
production target of one million vehicles in Italy it is
discussing with Rome was well within reach, but it could not be
a one-sided commitment and the government must support it.
    The company's revenue and operating profit grew in the first
half to beat estimates, with Tavares saying it would have to
accelerate cost cutting to keep profitability strong in a more
challenging pricing environment.
    
    ENEL  ENEI.MI  
    Italy's biggest utility has agreed to sell 50% of its
renewable business in Greece to Australia's Macquarie Asset
management in a deal worth around 345 million euros ($382
million), the company said on Wednesday.
    Enel on Wednesday also confirmed its targets for full-year
core earnings and net income under new Chief Executive Flavio
Cattaneo.
    
    CAMPARI  CPRI.MI  
    The Italian drinks group posted on Wednesday a 14% rise in
like-for-like revenues in the first half of this year and
confirmed its margin target for 2023, but its shares retreated
on disappointment over the figures.
    
    NEXI  NEXII.MI 
    Italy's Treasury will chair at 1500 GMT on Thursday a
meeting with banks, payment providers and retailers to sign off
on a deal to soften fees on small digital transactions, sources
said, after Italy's Antitrust body blessed the agreement last
week.
    The deal will allow Prime Minister Giorgia Meloni to remove
the threat of a windfall tax on proceeds from card payments
worth up to 30 euros.
    
    SAIPEM  SPMI.MI  
    The oil service company said on Wednesday its first-half net
result swung to a profit of 40 million euros, from a loss of 130
million euros in the same period a year ago. 
    
    MONCLER  MONC.MI  
    Sales at the Italian luxury group rose 24% at constant
exchange rates in the first half of the year, thanks to a strong
rebound in Asia and solid growth in the EMEA region, the company
said on Wednesday.
    
    TOD'S  TOD.MI  
    The Italian leather goods group on Wednesday expressed
confidence in its first-half profits as it reported a 23% yearly
rise in revenues net of currency swings, driven by a strong
performance its main market Greater China.
    
    INWIT  INWT.MI  
    Italy's biggest telecoms tower firm reported on Wednesday 
12.8% growth in second quarter total revenues.
    
    FINCANTIERI  FCT.MI  
    The Italian shipbuilder posted a first-half net loss of 22
million euros ($24.35 million), much smaller than the loss of
234 million euros a year ago, helped by one-off items of 33
million euros, the group said on Wednesday.
    
    EXPRIVIA  XPR.MI  
    Abaco3 said on Wednesday the government would not apply its
special vetting rights, or "golden powers" over its bid to take
over information technology group Exprivia. 
    
    IPO
    Italian steelmaker Feralpi Group is eying a listing in 2024
after slowing its initial public offering (IPO) plan due to
market conditions, its CEO said on Wednesday.
     
    STMICROELECTRONICS  STMMI.MI 
    Releases H1 results (before European markets opening),
followed by conference call (0730 GMT).
    
    SAIPEM  SPMI.MI 
    Conference call on H1 results (0830 GMT), followed by media
briefing (1015 GMT).
    
    MEDIOBANCA  MDBI.MI 
    Board meeting on FY results, followed by conference call
(1300 GMT).
    
    TERNA  TRN.MI 
    Releases H1 results, followed by conference call (1500 GMT).
    
    AMPLIFON  AMPF.MI 
    Board meeting on H1 results, followed by conference call
(1300 GMT).
    
    BREMBO  BRBI.MI 
    Extraordinary shareholders' meeting on transfer of legal
headquarters to Amsterdam (0700 GMT); board meeting on H1
results (0730 GMT) followed by conference call (1230 GMT).
    
    ERMENEGILDO ZEGNA  ZGN.N 
    Releases H1 results (1000 GMT), followed by conference call
(1130 GMT).
    
    PRADA GROUP  1913.F 
    Releases H1 results, followed by conference call (1215 GMT).
    
    DIASORIN  DIAS.MI 
    Board meeting on H1 results, followed by conference call
(1300 GMT).
    
    SNAM  SRG.MI 
    Board meeting on H1 results, followed by conference call
(1300 GMT).
    
    PRYSMIAN  PRY.MI 
    Board meeting on H1 results, followed by conference call
(1400 GMT).
    
    IREN  IREE.MI 
    Board meeting on H1 results, followed by conference call
(1400 GMT).
    
    MAIRE TECNIMONT  MTCM.MI 
    Board meeting on H1 results, followed by conference call
(1530 GMT).
    
    GEOX  GEO.MI 
    Board meeting on H1 results, followed by conference call
(1530 GMT).
    
    PIRELLI & C  PIRC.MI 
    Board meeting on H1 results, followed by conference call
(1630 GMT).
    
    PIAGGIO  PIA.MI 
    Board meeting on H1 results, followed by conference call.
    
    RAI WAY  RWAY.MI 
    Board meeting on H1 results, followed by conference call.
    
    AZIMUT HOLDING  AZMT.MI 
    Board meeting on H1 results.
    
    BANCA GENERALI  BGN.MI 
    Board meeting on H1 results.
    
    WEBUILD  WBD.MI 
    Board meeting on H1 results.
    
    AUTOSTRADE PER L'ITALIA
    Non-listed company holds board meeting on H1 results.
    
    ARISTON GROUP  ARIS.MI 
    Extraordinary shareholders' meeting in Amsterdam (1000 GMT).
    
    ENI  ENI.MI 
    Board meeting on H1 results, press release on July 28.
    
    LOTTOMATICA  LTMC.MI 
    Board meeting on H1 results, press release on July 28.
    
    
    DIARY
    Washington, Prime Minister Giorgia Meloni starts her visit
and meets U.S. President Joe Biden; ends on July 28.
    Vatican, Pope Francis receives Vietnam President Vo Van
Thuong (1300 GMT).
    Rome, Economy Minister Giancarlo Giorgetti speaks before RAI
Supervisory Committee on the future of the RAI's fee (0630 GMT).
    Rome, Industry Minister Adolfo Urso convenes representatives
from Italian automotive industry association ANFIA, ahead of the
transition agreement between the government and Stellantis.
    Rome, Steering Group meets on Italy's Recovery and
Resilience Plan (PNRR) (1230 GMT).
    Rome, Digital Payments Committee meets to ratify agreement
on fee cuts in digital transactions up to 30.00 euros (1500
GMT).
        Rome, ceremony to present postage stamp issue for
Ukraine with Industry Minister Adolfo Urso, Industry
Undersecretary Fausta Bergamotto (1200 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/ 


($1 = 0.9029 euros)