Italy - Factors to watch on October 3

Safilo SpA

03/10/2024 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 .
    
    POLITICS
    Group of Seven (G7) leaders expressed "strong concern" on
Wednesday over the crisis in the Middle East but said a
diplomatic solution was still viable and a region-wide conflict
was in no one's interest, a statement said.
    Italy will offer an extra 10,000 migrant work visas next
year for people who look after old people and the disabled, the
government said on Wednesday, as it adopted a new package of
migration rules.
    
    ECONOMY
    September services PMI HCOB data (0745 GMT).
    Microsoft  MSFT.O  plans to invest 4.3 billion euros ($4.8
billion) over the next two years to strengthen its artificial
intelligence (AI) and cloud infrastructure in northern Italy, it
said on Wednesday.
        
  
    COMPANIES
    STELLANTIS  STLAM.MI 
    The Franco-Italian automaker's output in Italy is set to
drop below 500,000 vehicles this year from 751,000 in 2023, the
FIM-CISL union said on Wednesday, citing persistently soft
market demand, especially for electric vehicles.
    Germany rejected a proposal by Italy to bring forward a
planned European Union review of the bloc's ban on the sale of
new internal combustion engine cars from 2035, saying it would
lower standards and cause uncertainty for industry.
    
    TELECOM ITALIA (TIM)  TLIT.MI  
    Italy's Treasury said on Wednesday it had submitted a
700-million-euro ($774 million) offer, jointly with Spanish
infrastructure fund Asterion, for the phone group's submarine
cable unit Sparkle.
    
    DIARY    
    Milan, event on "Future of finance: Italy economic outlook"
with Economy Minister Giancarlo Giorgetti, Intesa Sanpaolo
 ISP.MI  CEO Carlo Messina, Mediobanca  MDBI.MI  CEO Alberto
Nagel, Economy Ministry Director General Marcello Sala, Tikehau
 TKOO.PA  Private Debt Activity Head Capital Cecile Mayer-Levi,
Giampiero Mazza from CVC  CVC.AX , Blackstone  BX.N  Italian
Chairman Andrea Valeri (1130 GMT).
    "Made in Italy Summit 2024 - New markets, global trade
shifts" online event ends (1200 GMT); on Thursday expected
attendees include Industry Minister Adolfo Urso, state lender
Cassa Depositi e Prestiti (CDP) unit SIMEST CEO Regina Corradini
D'Arienzo (1225 GMT).     
    Rome, conference on "Technological sovereignty, the great
challenge and the extreme urgency" with Leonardo  LDOF.MI  CEO
Roberto Cingolani, Eni  ENI.MI  CEO Claudio Descalzi, Safilo
Group  SFLG.MI  CEO Angelo Trocchia (1500 GMT).
    Rome, Chamber of Deputies holds final vote of confidence on
'Tax decree'.
        Rome, association for the study of credit problems
(ANSPC) holds '56th Credit Day' "Economy, companies and
financial markets: the impact of the NRRP" with ANSPC president
Ercole Pellicano, Bank of Italy Deputy Governor and DG and
insurance supervisor IVASS President Luigi Federico Signorini,
insurers' association ANIA President Maria Bianca Farina,
banking association ABI President Antonio Patuelli (1400 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/