Italy - Factors to watch on June 19
19/06/2024 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
Italy's government is set to adopt a decree aimed at
boosting procurement and reuse of critical raw materials, a
draft seen by Reuters shows, including simpler procedures for
the release of mining concessions.
An ambitious overhaul of the Italian constitution to allow
for the direct election of a prime minister won the Senate's
approval on Tuesday, the start of what is likely to be an
uncertain path to the statute books.
ECONOMY
Bank of Italy releases April data on foreign investors
holdings of Italian government bonds.
The European Commission is due to open a so-called
"excessive deficit procedure" against Italy and ten other
countries, setting a course for Rome to reduce its wide fiscal
gap over the next three years.
COMPANIES
SARAS SRS.MI
Vitol, via its subsidiary Varas, presented a mandatory
tender offer on Tuesday ON the 54.52% of Saras's share capital
it does not yet own at the price of 1.6 euros per share.
UNICREDIT CRDI.MI
Plans for a digital euro will be a "very good" thing for the
currency bloc and its lenders if banks remain central to the
flow of money as they are at present, UniCredit Chief Executive
Andrea Orcel said on Tuesday.
JUVENTUS JUVE.MI , LAZIO LAZI.MI
Soccer governing bodies FIFA and UEFA have expressed
opposition to an Italian government plan to set up a committee
to oversee the budgets of professional clubs, the head of
Italy's football association (FIGC) said on Tuesday.
IPO, GOLDEN GOOSE
Italian luxury sneaker maker Golden Goose has postponed its
initial public offering as a result of volatility in the
European markets, the company said on Tuesday.
Golden Goose was due to make its stock market debut on June
21.
MFE-MEDIAFOREUROPE MFEB.MI
Annual general meeting (0800 GMT).
DIARY
Rome, Parliamentary Budget Office (UPB) presents report on
budget policy (0900 GMT), with EU Economy Commissioner Paolo
Gentiloni, UPB President Lilia Cavallari, Economy Minister
Giancarlo Giorgetti.
Milan, Bank of Italy presents report on the Economy of
Lombardy region; Milan Director Giorgio Gobbi delivers
introductory remarks (0810 GMT); Bank of Italy Vice Governor
Luigi Federico Signorini delivers closing address (0930 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/