Italy - Factors to watch on June 5
05/06/2023 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
Italy on Friday impounded two rescue ships run by German
charities for breaching tougher migration rules introduced by
the country's right-wing government.
ECONOMY
The rapid decline in energy costs should help to tame
inflation in Europe, Bank of Italy governor Ignazio Visco said
on Saturday, urging companies not to seek to boost their margins
by leaving prices higher for longer.
May services PMI HCOB data (0745 GMT).
DEBT
Treasury starts offer of new 4-year 'Btp Valore', BTP bond
for retail investors only; ends on June 9, subject to early
closure.
The difference between 10-year Italian and German borrowing
costs fell to its smallest since January on Friday, in a vote of
confidence from investors on one of the euro zone's most
indebted countries.
COMPANIES
STELLANTIS STLAM.MI
Chrysler parent Stellantis and General Motors paid a total
of $363 million in civil penalties for failing to meet U.S. fuel
economy requirements for prior model years, documents seen on
Friday by Reuters show.
TELECOM ITALIA (TIM) TLIT.MI
A majority of EU countries have rejected a push by Europe's
big telecoms operators to force Big Tech to help fund the
rollout of 5G and broadband in the region, people familiar with
the matter said.
LAZIO LAZI.MI
Alessio Romagnoli and Luis Alberto emerged as the saviours
for Lazio when they scored in a 2-0 win at Empoli on Saturday,
giving the visitors a second-place finish in Serie A.
M&A, INTER MILAN
Finnish entrepreneur Thomas Zilliacus is weighing a bid for
Inter Milan as the club attracts interest from international
investors, people familiar with the matter said, with the team's
run to the Champions League final giving it a timely boost.
DIARY
Milan, Bloomberg holds "Italy Capital Markets Forum
2023" in presence and online (1200 GMT); expected attendees
include Economy Minister Giancarlo Giorgetti (1235 GMT);
UniCredit CRDI.MI CEO Andrea Orcel (1300 GMT); Mediobanca
MDBI.MI CEO Alberto Nagel, Milan Stock Exchange Chairwoman
Claudia Parzani, state-backed lender Cassa Depositi e Prestiti
(CDP) CEO Dario Scannapieco (1320 GMT); Ferrari RACE.MI CEO
Benedetto Vigna (1400 GMT); illycaffe CEO Cristina Scocchia
(1420 GMT).
Milan, Microsoft MSFT.O Italian unit holds event to launch
the first cloud region in Italy "Made in DigiItaly" (1200 GMT);
expected attendees include Microsoft Italian CEO Vincenzo
Esposito; Industry Minister Adolfo Urso, Microsoft EMEA Chairman
Ralph Haupter; Poste Italiane PST.MI CEO Matteo Del Fante,
illimity Bank ILTY.MI CEO Corrado Passera.
Milan, 'Eccellenza d'Impresa' holds financial attractiveness
award "From the new normal to the never normal: managing
development under conditions of uncertainty" (1500 GMT); Milan
Stock Exchange CEO Fabrizio Testa delivers welcome address (1500
GMT); illimity Bank ILTY.MI CEO Corrado Passera gives speech
(1510 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/