Italy - Factors to watch on Sept. 13

Seco SpA

13/09/2023 05:00

The following factors could affect Italian markets on Wednesday.
    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
     The Italian island of Lampedusa is struggling with a record
number of landings from boat migrants, local officials said on
Tuesday, describing the situation as "dramatic."
    
    DEBT
    Treasury sells following BTP bonds: 2.75-3.25 billion euros 
3.85% due Sept. 15, 2026; 3.5-4.0 billion euros 4.0% due Nov.
15, 2030; 1.0-1.5 billion euros 4.5% due Oct. 1, 2053; 0.75-1.0
billion euros 5.0% due Sept. 1, 2040. Subscriptions close at
0900 GMT.
    
    COMPANIES
    BANKS
    Italian banks should be able to deduct from their overall
tax bill the windfall tax on income deriving from higher
interest rates which the government plans to introduce, industry
lobby ABI said on Tuesday.
    
    INTESA SANPAOLO  ISP.MI 
    Italy's biggest bank is discussing with the Egyptian
government the possible purchase of a further 20% stake in local
lender Alexbank, a spokesperson for Intesa said confirming
comments by a top executive at an event in Milan reported by
Egypt's Zawya news agency. Intesa already owns 80% of AlexBank. 
    
    ENI  ENI.MI  
    Algeria, Egypt and Libya will be Italy's main gas suppliers
for the next few years, Eni's head of natural resources told
Reuters, adding that the energy group would invest heavily in
Africa both in exploration and in new low-carbon projects.
    
    EXOR  EXOR.AS 
    Board meeting on H1 results.
    
    STELLANTIS  STLAM.MI  
    Talks between the Detroit Three automakers and United Auto
Workers union are nearing a Thursday night deadline to reach a
deal on a new contract before a potential walkout by 146,000
U.S. autoworkers.
    Stellantis on Monday made another counteroffer after the
union made a revised offer on Sunday and could make another one
on Tuesday, a source said.
    
    SECO  IOT.MI 
    Conference call on H1 results and strategy update (1330
GMT).
    
    ERMENEGILDO ZEGNA GROUP  ZGN.N 
    Releases H1 results (1000 GMT), followed by conference call
(1100 GMT). 
    
    DIARY
    Rome, news conference to present report on "Drought, car
transition, green houses" with Environment and Energy Security
Minister Gilberto Pichetto Fratin (0700 GMT).
    Rome, welfare institute INPS presents 22nd annual report
with special administrator Micaela Gelera at Chamber of Deputies
(0900 GMT).
    Rome, Terna  TRN.MI  CEO Giuseppina Di Foggia speaks before
Parliamentary Committee for the Security of the Republic
(COPASIR) (1200 GMT).
    Rome, Industry Minister Adolfo Urso attends a book
presentation "Cyber and Power" (1700 GMT).
    Milan, conference on "Culture 2023, Crossing borders for a
new country-system" starts (0730 GMT); ends on Sept. 14 in
Turin. On Wednesday Milan Mayor Giuseppe Sala delivers welcome
address (0730 GMT); Foreign Minister Antonio Tajani delivers
opening address (0740 GMT); expected attendees include at panel
"Italy's brand in the world" Kiton CEO Antonio de Matteis (0755
GMT); at panel "Cultural work: scenarios and perspectives"
Compagnia di San Paolo Foundation President Francesco Profumo
(0820 GMT).
    Milan, at book presentation "Advanced Banking Management"
Association for the Development of Banking and Stock Exchange
Studies (ASSBB) President Nazzareno Gregori delivers welcome
remarks; expected attendees include Bank of Italy Milan's
Director Giorgio Gobbi, banking association ABI Director General
Giovanni Sabatini; ASSBB Secretary General Rony Hamaui delivers
closing address (1500 GMT).
    Milan, Pan European Insurance Forum (PIEF) holds closed-door
meeting with Assicurazioni Generali  GASI.MI  CEO Philippe
Donnet, Munich Re CEO Joachim Wenning; Zurich CEO Mario Greco,
Axa CEO Thomas Buberl.
    
    ((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/