Italy - Factors to watch on April 3
03/04/2023 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
European Economy Commissioner Paolo Gentiloni is confident
that Italy will get the latest instalment of post-pandemic funds
despite questions over the meeting of targets to unlock the
money, he said on Saturday.
OpenAI has taken ChatGPT offline in Italy after the
government's Data Protection Authority on Friday temporarily
banned the chatbot and launched a probe over the artificial
intelligence application's suspected breach of privacy rules.
Italy's Deputy Prime Minister Matteo Salvini on Sunday
criticised the ban, saying the block over privacy concerns
seemed excessive.
ECONOMY
The outlook for the Italian economy is improving but higher
interest rates designed to curb inflation could pose a threat to
growth, Italy's economy minister said on Saturday, sending a
warning to the European Central Bank.
March PMI manufacturing S&P Global data (0745 GMT).
Transport Ministry releases March car sales data (1600 GMT).
March state sector borrowing requirement data.
COMPANIES
TELECOM ITALIA (TIM) TLIT.MI
Asked whether offers for TIM's landline network were being
delayed, Italy's economy minister said on Saturday that bids
would be submitted around mid-April, as previously decided by
the telecoms group board.
Minister Giancarlo Giorgetti added that the two suitors,
U.S. fund KKR KKR.N and a consortium formed by Italian state
lender CDP and Macquarie MQG.AX , had been asked to improve
their bids.
STELLANTIS STLAM.MI
Stellantis said on Friday its Portugal plant would become
the first assembly plant in the country to produce large series
fully battery electric compact vans by 2025.
UNICREDIT CRDI.MI
Bank's shareholders on Friday backed a new pay policy for
the group which would boost CEO Andrea Orcel's compensation
package by 30% to 9.75 million euros if he manages to beat
performance targets.
FERRARI RACE.MI
A crash on the first corner for Charles Leclerc and a late
penalty for Carlos Sainz at the Australian Grand Prix on Sunday
capped off a dismal weekend for Ferrari, with the Italian team
well adrift of leaders Red Bull.
JUVENTUS JUVE.MI , LAZIO LAZI.MI
Juventus needed a second-half goal by striker Moise Kean to
seal a 1-0 home win over Hellas Verona on Saturday, while goals
from Pedro and Sergej Milinkovic-Savic earned Lazio a 2-0 win at
Monza on Sunday.
Investment fund Oaktree OAK_pa.N has submitted a
preliminary non-binding offer to invest 1.75 billion euros
($1.90 billion) into the media business of Italy's Serie A
soccer league, people familiar with the matter said on Friday.
OLIDATA OLI.MI
ICT sector company debuts on Euronext; listing ceremony
"Ring the Bell" (0630 GMT).
SABABA SECURITY SBBA.MI
HWG Group BidCo Srl starts full voluntary takeover bid on
Sababa Security ordinary shares; ends on May 5.
DIARY
Rome, "Ministerial Meeting on the Western Balkans" chaired
by Foreign Minister Antonio Tajani; expected attendees include
EU Commissioner for Neighbourhood and Enlargement Oliver
Varhelyi, Swedish Foreign Minister Tobias Billstroem, Foreign
ministers of Albania, Bosnia-Herzegovina, Kosovo, North
Macedonia, Montenegro and Serbia (0900 GMT).
Rome, Economy Minister Giancarlo Giorgetti at
prize-giving ceremony for competitive activities of 'Fiamme
Gialle' athletes in season 2022-2023 (1400 GMT).
Rome, representative from GOI Energy due to speak before
Golden Power Coordination Group on the Lukoil refinery
acquisition.
Rome, event on "The reform of the European electricity
market between competition, sustainability and security of
supply" (1530 GMT); energy authority ARERA President Stefano
Besseghini delivers introductory remarks; Environment Minister
Gilberto Pichetto Fratin delivers closing address.
Verona, Prime Minister Giorgia Meloni (0900 GMT), Industry
Minister Adolfo Urso are among expected attendees of 55th
edition of Vinitaly International wine and spirits exhibition.
((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/