Italy - Factors to watch on March 25

Sanlorenzo SpA

25/03/2024 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 .
    
    ECONOMY
    Italy estimates a deficit-to-GDP ratio this year broadly in
line with its 4.3% goal set in September, Economy Minister
Giancarlo Giorgetti said on Saturday, adding the government will
cut its 2024 growth target to around 1% from the previous 1.2%.
    
    DEBT
    Italy's Treasury said on Friday it would sell up to 9.75
billion euros in bonds at March 27 auction.
    
    
    COMPANIES
    STELLANTIS  STLAM.MI 
    Leapmotor  9863.HK  electric vehicles will be built at
partner Stellantis' Tychy plant in Poland, two people close to
the matter told Reuters on Friday, making it one of the first
Chinese automakers to start production in Europe.
    The Chrysler parent said on Friday it would lay off about
400 U.S. workers as it works to cut costs, boost efficiency and
ramp up electric vehicle production plans. 
    
    TOD'S  TOD.MI 
    L Catterton's takeover bid to take the luxury group private
will begin on Monday and end on May 8, a document showed on
Friday. The offer targets about 28% of Tod's share capital. 
    The board of the Italian shoemaker said on Friday it deemed
the takeover price of 43 euros per share fair.
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    Italy's Treasury is considering teaming up with Spanish
private equity firm Asterion for a possible joint bid for TIM's
submarine cable unit Sparkle, Bloomberg News reported on Friday
citing people familiar with the matter. The Treasury and
Asterion are nearing a preliminary agreement, the report added.
    
    PIRELLI  PIRC.MI 
    The tyre maker said on Friday it had signed an agreement
with a pool of international banks for a new 600 million euro
credit line, maturing in October 2028. The new line will allow
the company to early reimburse part of its debt maturing in
2025, reinforcing its liquidity margin and extending debt
maturities, it said.
    
    RAI WAY  RWAY.MI 
    Releases FY results and 2024-2027 industrial plan.
    
    LUXURY
    Italian fashion house Valentino said on Friday it had agreed
with its creative director Pierpaolo Piccioli to end their
collaboration, adding that a new "creative organisation" would
be announced soon.
    
    DIARY
    Milan, Intesa Sanpaolo  ISP.MI  holds conference with Chief
Economist Gregorio De Felice, Head of Banca dei Territori
division Stefano Barrese, representative of Italy's credit
export agency SACE Valerio Perinelli, Sanlorenzo  SNL.MI 
Chairman and CEO Massimo Perotti (1000 GMT).
    Campobasso, Prime Minister Giorgia Meloni signs government
'development and cohesion agreement' with Molise region (1030
GMT).
    Potenza, Prime Minister Giorgia Meloni signs government
'development and cohesion agreement' with Basilicata region
(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/ 


($1 = 0.9257 euros)