Italy - Factors to watch on April 29
29/04/2024 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 .
POLITICS
Italian Prime Minister Giorgia Meloni announced on Sunday
she will be a candidate at June's European elections in a bid to
boost support for her Brothers of Italy party, though she will
not take up a seat if elected.
Pope Francis will attend this year's Group of Seven (G7)
leaders' summit to discuss the challenges posed by Artificial
Intelligence (AI), Italian Prime Minister Giorgia Meloni said on
Friday.
ECONOMY
Italian Industry Minister Adolfo Urso said on Saturday he
hopes to see investments of 10 billion euros ($10.69 billion) in
Italy's micro-electronic sector this year.
Speaking to reporters at a conference of his Brothers of
Italy party, Urso cited a a 3.2-billion-euro ($3.42 billion)
investment announced last month by Singapore-based semiconductor
firm Silicon Box, and said similar deals were in the pipeline.
"Italy is ready to become one of the largest
micro-electronics producers in Europe," he said.
Italy sees a role for nuclear energy, alongside renewable
energy sources, to meet the country's net zero emission target
by 2050, Energy Minister Gilberto Pichetto Fratin said on
Sunday.
ISTAT releases March non-EU foreign trade data (0800 GMT).
DEBT
Rating agency DBRS Morningstar on Friday confirmed its debt
rating on the Republic of Italy at 'BBB (High)', with a stable
trend.
Treasury sells 2.75-3.25 billion euros in 3.35% BTP bonds
due July 1, 2029; 3.0-3.5 billion euros in 3.85% BTP bonds due
July 1, 2034 and 3.0-3.5 billion euros in new CCTeu floating
rate certificates due April 15, 2032. Subscriptions close at
0900 GMT.
COMPANIES
BANKS
Banks in Italy will need to set aside extra cash to cover
systemic risks, the Italian central bank said on Friday. The
buffer will amount to 1%, to be reached in progressive steps.
SNAM SRG.MI
The energy infrastructure group's chief executive Stefano
Venier told daily La Stampa that on-land work to complete the
liquefied natural gas (LNG) terminal in the Adriatic port of
Ravenna was 70% completed, in an interview published on
Saturday.
The terminal is due to receive LNG from Cyprus, Israel and
Egypt, Venier added.
ARISTON ARIS.MI
The Russian subsidiary of the water heating company, along
with Germany's appliance maker BSH Hausgeraete, has been placed
under the temporary management of a Gazprom entity, according to
a decree published on Friday.
Ariston said on Saturday it had not been notified beforehand
of the Decree and was "extremely surprised by this initiative"
and is assessing the implications of this decree from a
governance and managerial standpoint.
Italy's Foreign Minister Antonio Tajani said on Saturday the
government had summoned Russia's ambassador to provide
clarification about the issue, adding that Rome was coordinating
with Germany and the European Commission.
UNICREDIT CRDI.MI
Board meeting on Q1 results, press release on April 30.
JUVENTUS FC JUVE.MI
Juventus and AC Milan played out a 0-0 draw at a sold-out
Allianz Stadium in Serie A on Saturday, with both sides still
seeking to secure Champions League spots for next season.
SS LAZIO LAZI.MI
Lazio beat Verona 1-0 on Saturday at the Olimpico stadium in
their third Serie A win in a row.
DIARY
Assogestioni releases March fund flows data (0900 GMT).
Rome, meeting chaired by Prime Minister Giorgia Meloni
with trade unions CGIL, CISL, UIL and UGL to explain government
labour market legislation (1600 GMT).
Turin, G7 'Climate, energy and environment' ministerial
meeting continues; ends on April 30.
((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 = 0.9353 euros)