Italy - Factors to watch on March 16

Rai Way SpA

16/03/2023 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 .
    
    POLITICS
    A draft EU bill seeking to improve the energy efficiency of
buildings which was approved by the European Parliament this
week is unreasonable and ideological, Italian Prime Minister
Giorgia Meloni said on Wednesday.
    Its targets are "unattainable for Italy," Meloni told the
Italian parliament.
    Answering lawmakers' questions Meloni also said Italy was
not ready to ratify an EU reform of the bloc's bailout fund
(ESM) and called for it to be given a different function.
    
    ECONOMY
    ISTAT releases final February CPI data (0900 GMT).
    
    COMPANIES
    CNH  CNHI.MI 
    The Italian-American maker of farm machinery and
construction equipment said on Wednesday it had taken a
controlling stake in Bennamann, a UK-based developer of
solutions to capture, repurpose and store methane emissions for
energy use.
    The head of CNH's investment arm also told Reuters in an
interview that the company sees major M&A deals ahead as it
pursues innovation.
    
    BRUNELLO CUCINELLI  BCU.MI 
    The Italian luxury group on Wednesday raised its 2023 sales
growth guidance to 15%, up from its previous estimate of 12%, on
the back of a strong start to the year and significant orders
for coming seasons.
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    The phone group said on Wednesday a preliminary offer for
its landline grid by Italian state lender CDP and Macquarie
 MQG.AX  undervalues the asset, and set a new deadline of next
month for improved bids.
    
    SNAM  SRG.MI 
    Releases FY results (before Bourse opening), followed by
conference call (0900 GMT).
    
    WEBUILD  WBD.MI 
    Board meeting on FY results, followed by conference call on
FY results and next three-year plan '2023-2025 Roadmap' (1600
GMT).
    
    A2A  A2.MI 
    Board meeting on FY results (preliminary FY results released
on Feb. 23), followed by conference call (1630 GMT).
    
    ENEL  ENEI.MI 
    Board meeting on FY results (preliminary FY results released
on Feb. 9), followed by conference call (1700 GMT).
    
    ENI  ENI.MI 
    Board meeting on FY results (preliminary FY results released
on Feb. 23).
    
    RECORDATI  RECI.MI 
    Board meeting on FY results (preliminary FY results released
on Feb. 21).
    
    ARNOLDO MONDADORI EDITORE  MOED.MI 
    Board meeting on FY results, followed by conference call.
    
    RAI WAY  RWAY.MI 
    Board meeting on FY results, followed by conference call.
    
    AUTOSTRADE PER L'ITALIA
    Not listed company, holds board meeting on FY results.
    
    BIANCAMANO  BIAN.MI 
    Is de-listed as from Thursday.
    
    DIARY
    Rome, event on "Technological sovereignty and national
independence" (0900 GMT); Industry Minister Adolfo Urso and
Foreign Minister Antonio Tajani delivering introductory remarks
(0915 GMT); Cabinet Undersecretary Alessio Butti,
STMicroelectronics  STMMI.MI  Italian Chairman Giuseppe
Notarnicola (1215 GMT); Fincantieri  FCT.MI  Chairman Claudio
Graziano, Avio  AVI.MI  CEO Giulio Ranzo (1415 GMT); Iren
 IREE.MI  group Chairman Luca Dal Fabbro (1630 GMT).
    Rome, Parliamentary Budget Office (UPB) President Lilia
Cavallari speaks before Chamber of Deputies Budget Committee on
macroeconomic and public finance effects of tax incentives for
the construction sector (0800 GMT).
    Rome, Cabinet meeting on tax reform.
    Rome, Industry Minister Adolfo Urso attends conference on
"Technological sovereignty and national independence" (0930
GMT).
    Rome, Bruegel holds event "Nationalism, geoeconomics,
protectionism and energy shocks – how should the EU respond?"
with Treasury Director General Riccardo Barbieri, ECB
representative Isabel Vansteenkiste via videoconference (1130
GMT).
    Milan, The Adam Smith Society holds 9th edition Energy Forum
2023 "Nuclear, why not?" (0900 GMT); expected attendees include
Edison  EDNn.MI  CEO Nicola Monti, Assoambiente President Chicco
Testa, Federacciai President Tonino Gozzi, Ansaldo Nuclear
division manager Roberto Adinolfi, Eni  ENI.MI  Magnetic Fusion
Initiatives head Francesca Ferrazza, energy authority ARERA
President Stefano Besseghini, Environment and Energy Security
Minister Gilberto Pichetto Fratin.
    
    ((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/