Italy - Factors to watch on Sept. 21

Safilo SpA

21/09/2023 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
    Two parliamentary committees have axed the latest proposal
by Italian Prime Minister Giorgia Meloni's party to protect
borrowers if they fall behind in repaying their bank debt,
easing concerns for investors in the country's 307 billion euro
bad loan market.
    Italy's antitrust agency opened an investigation on
Wednesday into low-cost carrier Ryanair  RYA.I  "for possible
abuse of a dominant (market) position". The airline is already
in a dispute with the Italian government which is trying to hold
down the price of domestic flights to its main islands at peak
times.
    
    DEBT
    Treasury announces sale of BTP Short and BTPei bonds, with
relative amounts to be auctioned on Sept. 26.
    
    COMPANIES 
    STELLANTIS  STLAM.MI 
    The automaker said on Wednesday it would temporarily lay off
68 employees in Ohio, US, and expects to furlough another 300
workers in Indiana because of the United Auto Workers strike at
a Jeep assembly plant in Toledo.
     
    TELECOM ITALIA (TIM)  TLIT.MI 
    U.S. fund KKR and Italy's Treasury are set to ask the phone
group for more time to arrange a joint bid for its landline grid
beyond a deadline of the end of September, three sources close
to the matter said.
    
    MEDIOBANCA  MDBI.MI 
    The bank's outgoing board indicated, as widely expected,
current Chairman Renato Pagliaro and current CEO Alberto Nagel
to stay in the board for the next three years. The board
approved a resolution to initiate a proxy solicitation
appointing Morrow Sodali as representative. 
    The board approved a letter which was sent to shareholders
Delfin and Francesco Gaetano Caltagirone stating that a proposal
made by Delfin on bank's governance was not in line with the
best practices of a listed systemic bank, two sources close to
the situation said. 
    
    OVS  OVS.MI 
    The Italian clothing retailer on Wednesday reported a 5%
annual drop in adjusted second quarter core profit, citing
higher costs for its spring/summer 2023 collection and
unfavourable exchange rates.
    
    SAFILO  SFLG.MI 
    Italy's eyewear group and Amazon  AMZN.O  said on Wednesday
they were launching new Carrera-branded "smart" glasses which
employ Alexa technology and will be sold in the U.S. market.
    
    DIARY
    Rome, Senate holds question time session (1300 GMT).
    Rome, Economy Minister Giancarlo Giorgetti attends mass
celebrating St. Matthew, patron saint of tax police (0930 GMT).
        Rome, conference "International Day of Peace" with
message from Pope Francis (0800 GMT); expected attendees include
at panel "Tourism, culture, sport, health and sustainability"
Environment Minister Gilberto Pichetto Fratin (1100 GMT);
Industry Minister Adolfo Urso; Labour Undersecretary Claudio
Durigon (1315 GMT); Infrastructure and Transport Deputy Minister
Edoardo Rixi (1415 GMT); Defence Minister Guido Crosetto
delivers closing address (1600 GMT).
  
    Milan, Agici Finanza d'Impresa holds event "PNRR: an
opportunity not to be missed to lead the water sector towards
excellence" (0730 GMT); Environment Minister Gilberto Pichetto
Fratin gives speech via videoconference.
    Florence, Bank of Italy holds event "Digital economy in
Tuscany: Bank of Italy's contribution" (1500 GMT); Tuscany
region Governor Eugenio Giani delivers welcome address; Bank of
Italy Florence Director Mario Venturi delivers opening address;
round-table discussion Monte dei Paschi di Siena  BMPS.MI  CEO
Luigi Lovaglio; Bank of Italy Vice Governor Luigi Federico
Signorini delivers closing address.
    
    ((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/