Italy - Factors to watch on September 30

SS Lazio SpA

30/09/2024 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 .
    
    ECONOMY
    Italy's public debt will only start falling as a proportion
of economic output from 2027 despite a more positive trend in
addressing its significant budget deficit, the Treasury said in
its multi-year fiscal plan published on Saturday.
    Bank of Italy said on Friday it had confirmed its
countercyclical capital buffer (CCyB) for the country's lender
at zero for the last quarter of the year, adding it was
appropriate to the current macro-financial environment. 
    ISTAT releases August non-EU foreign trade data (0800 GMT)
and September CPI flash data (0900 GMT).
    
    COMPANIES
    
    UNICREDIT  CRDI.MI 
    The Italian bank plans to invest significantly to retrain
600 staff who will then be largely moved to the Italian bank's
branch network as CEO Andrea Orcel slims down the central
offices and powers the sales force, two sources said on Friday.
    CEO Andrea Orcel attended a virtual meeting held on Friday
with Commerzbank's  CBKG.DE  designated CEO Bettina Orlopp, a
source with knowledge of the matter told Reuters, confirming
earlier Italian newspaper reports.
    A takeover of Commerzbank by UniCredit has more advantages
than disadvantages, Lars Feld, an adviser to German Finance
Minister Christian Lindner, said in an interview with Il Sole 24
Ore published on Sunday.
    
    STELLANTIS  STLAM.MI  
    The United Auto Workers (UAW) union asked the workers at
Stellantis to authorize a strike, accusing the French-Italian
automaker of breaking its contract promises, UAW President Shawn
Fain said in a letter to the union's U.S. chapters on Friday.
    
    POSTE ITALIANE  PST.MI 
    Italy's Treasury said on Friday it had picked UBS Europe and
White & Case Europe as financial and legal advisers for the
stake sale of around 14% stake in postal service Poste Italiane.
    
    TELECOM ITALIA  TLIT.MI , MFE-MEDIAFOREUROPE  MFEB.MI 
    French group Vivendi  VIV.PA  has pledged the shares it
holds in Tim and MFE-MediaForEurope to guarantee a 2 billion
euros loan signed with five banks to repay its bondholders
should the French group's demerger project go ahead.
    A source close to the group said on Saturday that ownership
of the shares remains with Vivendi and that it will continue to
have full disposal of them: it retains voting rights and the
agreements do not prejudge any sales.
    
    RAI WAY  RWAY.MI , MFE-MEDIAFOREUROPE  MFEB.MI  
    Italian state broadcaster Rai and Italian infrastructure
fund F2i could soon sign a memorandum of understanding on the
possible merger of their respective broadcasting tower units Rai
Way and EI Towers, Corriere della Sera reported on Sunday. F2i
controls 60% of EI Towers, with the remaining 40% in the hands
of the Berlusconi family media company MFE-MediaForEurope. 
    
    JUVENTUS  JUVE.MI 
    The club forecast another year in the red as it reported on
Friday a 199.2 million euro loss for the 12 months through June,
though it said it would break even at the operating level in the
current financial year.
    The club returned to top of the Serie A standings after a
3-0 win at Genoa on Saturday.
    
    LAZIO  LAZI.MI  
    The Rome-based "biancocelesti" won 3-2 away at Torino on
Sunday.  
    
    PREDICT  PRED.MI  
    Healthcare sector company debuts on Euronext Growth Milan.
    
    
    
    ((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 = 0.8967 euros)