Italy - Factors to watch on June 12

Rothschild & Co SCA

12/06/2023 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
    Former Italian Prime Minister Silvio Berlusconi was
re-admitted to hospital in Milan for a scheduled medical checkup
on Friday, just weeks after being discharged following a long
stay.
    
    Italian Prime Minister Giorgia Meloni said on Sunday during
a visit to Tunisia that there was "an important window of
opportunity" to finalise an aid agreement between the European
Union and the north African country before the European Council
at the end of June. Under the aid agreement, the EU could loan
Tunisia over 1 billion euros, with most of the funds contingent
on Tunis agreeing painful economic reforms.
    
    
    ECONOMY
    Bank of Italy releases April data on Italian residents
deposits with domestic banks, banks lending to non-financial
companies and gross bad loans at Italian banks.
    
    DEBT
    Demand for the 4-year BTP Valore note reached 18.2 billion
euros in last day of offer, Bourse data showed on Friday, a
record for a bond reserved for retail investors only.
    
    COMPANIES
    TELECOM ITALIA  TLIT.MI 
    U.S. fund KKR  KKR.N  strengthened its lead in the race to
secure the landline grid of Telecom Italia (TIM) when it offered
to raise its bid by up to or over 2 billion euros ($2.2
billion), two people with knowledge of the matter said.
    The value of KKR's offer could top 23 billion euros overall,
widening the gap with a rival proposal by a consortium
comprising Italian state lender CDP and Australian fund
Macquarie  MQG.AX . CDP CEO Dario Scannapieco said on Saturday
negotiations would probably last "longer than one imagines,"
Italian media reported.
    Top investor Vivendi wants TIM's board to reject also the
improved offers, a source close to the French company said.
    
    ENEL  ENEI.MI , IREN  IREE.MI  
    Enel's new chief executive plans to include Gianni Armani,
the head of smaller utility Iren, in his management team,
Italian media reported on Sunday. The media reported citing
rumours that Armani would have a flagship role involving grids
and innovation, adding that Stefano Siragusa was the main
candidate to replace him at Iren. 
    
    SNAM  SRG.MI 
    Italian gas grid operator has picked Rothschild & Co. and
Societe Generale to advise on a potential purchase of Edison's
 EDNn.MI  gas storage assets, two sources close to the matter
said on Friday.
    
    FERRARI  RACE.MI  
    Ferrari won the centenary edition of 24 Hours of Le Mans
after a late pitstop drama on Sunday to take Maranello's first
overall victory in 58 years and deny Toyota a sixth successive
triumph in the world's oldest active endurance race.
    
    DIARY
    Rome, Premier Giorgia Meloni receives Iraqi counterpart
Mohammed Shia' Al Sudani.
    Rome, bank trade union FABI starts 22nd congress in occasion
of 75th anniversary "Our destiny in our hands" (0900 GMT); ends
on June 16. On Monday FABI Secretary General Lando Maria Sileoni
delivers introductory remarks (1100 GMT); expected attendees
include banking association ABI President Antonio Patuelli (1215
GMT); Intesa Sanpaolo  ISP.MI  CEO Carlo Messina (1300 GMT);
BPER Banca  EMII.MI  CEO Pietro Montani; Banca Monte dei Paschi
di Siena  BMPS.MI  CEO Luigi Lovaglio (1420 GMT); Iccrea Banca
Director General Mauro Pastore (1600 GMT).
    Rome, conference "100% Renewable 2035: scenario for a
zero-emission national electricity system' (1400 GMT);
Environment Minister Gilberto Pichetto Fratin gives speech (1500
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/