Italy - Factors to watch on Aug. 1

Saras SpA

01/08/2023 05:00

The following factors could affect Italian markets on Tuesday.
    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's economy performed surprisingly poorly in the second
quarter, data showed on Monday, offering an uncomfortable
outlook for Prime Minister Giorgia Meloni as her government
tries to tackle the negative impact of high inflation.
    
    July PMI manufacturing HCOB data (0745 GMT).
    ISTAT releases June unemployment rate date (0800 GMT).
    Transport Ministry releases July car sales data (1600 GMT).
    July state sector borrowing requirement data.
    
    COMPANIES
    PIRELLI  PIRC.MI 
    The Italian tyre maker's investors on Monday approved a new
board for the tyremaker, giving it a new three-year governance
set-up after the Italian government last month took steps to
curb the influence of the company's leading Chinese investor.
    
    FINCANTIERI  FCT.MI , LEONARDO  LDOF.MI  
    The joint venture between shipbuilder Fincantieri and
Italy's defence group Leonardo, has signed a contract on Monday
with the Italian government for the construction of three next
generation patrol vessels worth 925 million euros.
    
    Fincantieri also said it was subcontracted work worth 211
million euros for the mid-life upgrade of the French and Italian
Horizon frigates. 
    
    ENI  ENI.MI  
    Italy's antitrust authority AGCM said on Monday it had
closed a fuel prices probe into several energy groups, including
Eni and Exxon Mobil's ESSO Italiana unit, without imposing any
sanctions.
    
    SARAS  SRS.MI 
    The Italian refiner said on Monday its core profit fell in
the second quarter of the year as petrol and energy prices
dropped, while a heat wave in the Mediterranean region forced
some refineries to stop or slow production.
    
    DE NORA  DNR.MI 
    Shares in the Italian electrode maker tumbled on Monday
after the company posted lower first-half core earnings and said
full-year revenues were likely to come in at the low end of
expectations.
    
    SAFILO
    The Italian glasses frames maker said on Monday it had
renewed until the end of 2028 the licensing agreement with
Brazilian flip-flops maker Alpargatas  ALPA4.SA  for
Havaianas-branded eyewear.
    
    M&A, IMA 
    Private equity firm BC Partners has agreed to sell its stake
in IMA to U.S. merchant bank BDT & MSD Partners, the Italian
automatic packaging machines maker said on Monday, adding that
the move will help it grow in the U.S. market.
    
    Milan Stock Exchange After Hours market closed.
    
    NEXI  NEXII.MI 
    Releases H1 results (0500 GMT), followed by conference call
(0600 GMT).
    
    BANCA MEDIOLANUM  BMED.MI 
    Board meeting on H1 results, followed by conference call
(1430 GMT).
    
    FINECOBANK  FBK.MI 
    Board meeting on H1 results, followed by conference call
(1345 GMT).
    
    MFE-MEDIAFOREUROPE NV  MFEB.MI 
    Board meeting on H1 results, followed by conference call
(1600 GMT).
    
    ARNOLDO MONDADORI EDITORE  MOED.MI 
    Board meeting on H1 results, followed by conference call.
    
    DIARY
    Rome, European Affairs, South, NRRP Minister Raffaele Fitto
speaks before Chamber of Deputies on NRRP (0700 GMT).
    Rome, Industry Minister Adolfo Urso attends meeting with
representatives from the fashion industry (1200 GMT), attends
meeting on fuel prices (1515 GMT).
    Rome, Enel  ENEI.MI  CEO Flavio Cattaneo speaks before
Parliamentary Committee for the Security of the Republic
(COPASIR) (1200 GMT).
    Rome, Civil Protection, Sea Policy and South Minister Nello
Musumeci and European Affairs and PNRR Minister Raffaele Fitto
speak before Senate on the recent calamitous events (1300 GMT).
    Rome, Communication Authority (AGCOM) President Giacomo
Lasorella speaks before RAI Supervisory Committee (1800 GMT).
    Rome, state-backed lender Cassa Depositi e Prestiti (CDP) 
holds board meeting on H1 results.

    
    ((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/