Italy - Factors to watch on April 11
11/04/2024 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
Italy plans asset sales valued at close to 1% of GDP to keep
its fragile state finances in check, the Treasury said on
Wednesday, indicating it could have diluted previously announced
plans.
Italy needs to find 20 billion euros ($21.53 billion) to
fund budget pledges for next year, new government projections
show, underscoring the narrow fiscal path ahead for Prime
Minister Giorgia Meloni's government.
ISTAT releases February industrial output data (0800 GMT).
DEBT
Treasury sells following BTP bonds: 2.75-3.0 billion euros
2.95% due Feb. 15, 2027; 3.0-3.5 billion euros 3.50% due Feb.
15, 2031; 1.25-1.75 billion euros 4.15% due Oct. 1, 2039.
Subscriptions close at 0900 GMT.
COMPANIES
ENEL ENEI.MI
Hopes of finding survivors of an accident at a power plant
in northern Italy are dwindling, firefighters said on Wednesday,
as rescuers searched for four people missing in an area of the
plant where water was rising rapidly.
STELLANTIS STLAM.MI
Chinese car manufacturing in Italy could force some tough
decisions for Stellantis including plant closures, the head of
the Franco-Italian group, Italy's sole major automaker, said on
Wednesday.
Its brand Alfa Romeo launched its first fully electric
vehicle (EV) on Wednesday, expanding the Italian premium brand's
current range into a smaller-size segment with the Milano sport
compact.
TELECOM ITALIA (TIM) TLIT.MI
Deutsche Telekom DTEGn.DE , Orange ORAN.PA , Airbus
AIR.PA and 15 other EU companies, including TIM, have
criticised a proposal that would allow Amazon AMZN.O ,
Alphabet's GOOGL.O Google and Microsoft MSFT.O to bid for
highly sensitive EU cloud computing contracts.
SAFILO SFLG.MI
The eyewear company and U.S fashion house Marc Jacobs said
on Wednesday they had renewed their global eyewear licensing
agreement until Dec. 2031.
CAMPARI GROUP CPRI.MI
Annual general meeting (0730 GMT).
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Annual general meeting (1230 GMT).
EXOR EXOR.AS
Releases FY results (0600 GMT), conference call expected to
follow (0900 GMT).
DIARY
Economy Minister Giancarlo Giorgetti attends Eurogroup
meeting in Luxembourg.
Environment and Energy Security Minister Gilberto Pichetto
Fratin is interviewed via videoconference at event "Alternative
Sources and Climate Change" (0715 GMT).
Milan, G7 Transport ministers' meeting starts; ends on April
13. On Thursday Infrastructure and Transport Minister Matteo
Salvini welcomes heads of delegations (1400 GMT); expected
attendees at panel 1 "Infrastructure networks for the transport
of people and goods" Cabinet Undersecretary Alessandro Morelli,
state railways Ferrovie dello Stato (FS) CEO Luigi Ferraris,
Autostrade per l'Italia CEO Roberto Tomasi, Webuild WBD.MI CEO
Pietro Salini; at panel 2 "Maritime transport, intermodality,
logistics" Infrastructure and Transport Deputy Minister Edoardo
Rixi, Amazon AMZN.O North America, Europe and Global
Operations Vice President Stefano Perego; at panel 3 "People's
mobility and cities of the future" Infrastructure and Transport
Deputy Minister Galeazzo Bignami, Enel Group ENEI.MI CEO
Flavio Cattaneo, Renault Group RENA.PA CEO Luca de Meo, ITA
Airways Chairman Antonio Turicchi.
Rome, European Council President Charles Michel meets Prime
Minister Giorgia Meloni ahead of extraordinary leaders summit to
be held in Brussels on April 17-18.
Rome, Chamber of Deputies Speaker Lorenzo Fontana meets
Slovak National Council President Peter Pellegrini (0900 GMT).
Rome, Senate holds question time session with Environment
and Energy Security Minister Gilberto Pichetto Fratin (1300
GMT).
Turin, Industry Minister Adolfo Urso visits 'Competence
Center CIM 4.0' (0950 GMT); attends round-table discussion
"Local excellence and needs" (1000 GMT); followed by press
point.
Venice, event to celebrate the figure of Marco Polo and
relations between Italy and China; Foreign Minister Antonio
Tajani and Chinese Trade Minister Wang Wentao expected to
attend.
Verona, "Italy-China Business and dialogue bilateral forum"
starts; ends on April 12. On Thursday day of meetings to conduct
the Joint Economic Commission co-chaired by Foreign Minister
Antonio Tajani and Chinese Trade Minister Wang Wentao; followed
by Tajani's news conference (1600 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/