Italy - Factors to watch on Feb. 19
19/02/2024 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 said on Friday the
death of Russian opposition leader Alexei Navalny was
"disturbing", adding that it served as a warning to the rest of
the world.
Italy is ready to offer more military aid to Ukraine, and
expects the country to join the European Union and NATO once the
war with Russia ends, Foreign Minister Antonio Tajani said at
the Munich Security Conference on Saturday.
ECONOMY
After growing by 0.2% in the fourth quarter of 2023, Italy's
GDP in the first quarter is supported by rising confidence
indicators and falling inflation, with industry seemingly close
to a recovery, Confindustria business lobby said on Saturday.
In a flash economic outlook statement, Confindustria added
that the economy is however dragged down by trade disruptions in
the Suez Canal, and warned that interest rates will remain high
for longer than expected.
COMPANIES
UNICREDIT CRDI.MI
The bank's board on Friday proposed handing another
three-year mandate to Chief Executive Andrea Orcel, who took the
reins in 2021 and has since managed to more than triple the
bank's share price helped by higher interest rates.
ENI ENI.MI
Egypt is continuing to pay energy groups despite the
difficult situation it is going through because of the conflict
in Gaza, Eni Chief Executive Claudio Descalzi said on Friday.
Eni is ready to welcome new investors "with open arms" if
the Italian Treasury proceeds with plans to sell a 4% stake
after the group's share buyback is completed, Descalzi said in
an interview with La Stampa newspaper published on Saturday.
TOD'S TOD.MI
The delisting of the group via L Catterton, a private equity
firm backed by LVMH LVMH.PA , will not lead to a sale to the
French luxury conglomerate, Tod's founder and CEO Diego Della
Valle has said.
"I'm used to this kind of speculation . . . but it makes no
sense as we could have sold the group directly to LVMH if that's
what we wanted," Della Valle was quoted as saying by the
Financial Times on the weekend.
Tod's said on Friday L Catterton owned an overall amount of
1.57 million shares of the Italian luxury shoemaker,
representing 4.76% of share capital.
NEWLAT NWLF.MI
The food group said on Friday it had halted talks to buy
British competitor Princes as Japanese seller Mitsubishi Corp
rejected a revised proposal for the asset.
ANIMA HOLDING ANIM.MI
CEO Alessandro Melzi D'Eril told Milano Finanza on Saturday
a share buyback would remain a way for Anima to reward investors
alongside dividends, adding the asset manager would also "look
with determination" at acquisition opportunities if any emerged.
JUVENTUS JUVE.MI
The Italian soccer club said on Friday its net loss widened
to 95.1 million euros in the first half of its 2023-24 fiscal
year as its ban from lucrative European competition this season
over financial irregularities weighed on revenue.
Juventus' fading Serie A title hopes suffered another blow
on Saturday, after they drew 2-2 at relegation-threatened Hellas
Verona. The Turin giants have now picked up only two points in
their last four matches.
LAZIO LAZI.MI
The Rome club lost 2-1 in a home game with Bologna on
Sunday.
DIARY
Rome, government convenes metalworkers' unions on the
crisis at former Ilva steelworks Acciaierie d'Italia (1715 GMT).
Rome, cross-party rally in memory of Russian opposition
leader Alexei Navalny, who died in prison on Friday (1730 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 = 0.9289 euros)