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Italy - Factors to watch on June 4

Italy - Factors to watch on June 4

The following factors could affect Italian markets on June 4.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).


POLITICS

Four migrants working as fruit pickers in slave-like conditions in southern Italy have been burned to death in a grisly murder case that is prompting fresh national soul-searching over labour exploitation.


COMPANIES

NEXI NEXII.MI

(*) Italy's state investor CDP Equity has a 27.638% aggregate holding in Europe's biggest payments group as of May 25, a filing by Italian market regulator Consob showed on Wednesday. The stake comprises 19.638% of voting rights and derivative contracts covering a further 8%, the filing showed.


UNICREDIT CRDI.MI

Commerzbank CBKG.DE is in close contact with the German regulator BaFin over UniCredit's recent disclosure over shares the Italian lender has said it has acquired, according to a notice to staff seen by Reuters.


STELLANTIS STLAM.MI

Fiat will start sales of its Grizzly mid-sized SUV and Grizzly Fastback model in the second half of this year in Europe, the Middle East and Africa, with plans to expand to other regions, the Stellantis-owned brand said on Wednesday.


BPER BANCA EMII.MI

The Italian lender said on Wednesday that Morningstar DBRS had raised its Long-Term Issuer Rating Trend to 'Positive' from 'Stable' and affirmed the Long-Term Issuer Rating at "BBB (high)".


(*) BANCO BPM BAMI.MI

The lender said on Thursday it decided to exercise its option to redeem all of the outstanding Tier 2 Notes, issued on 29 June 2021 with a 10 year maturity for €300 million.


(*) PIRELLI PIRC.MI

U.S. short seller Grizzly Research said on Thursday it took a short position on the tyremaker. In a report, Grizzly said it was concerned that Pirelli's relationship with the Russian state may pose security risks for the West.


(*) MAIRE MTCM.MI

The engineering group said on Thursday its subsidiary Tecnimont has been granted additional works related to a previously awarded large-scale onshore project for a value of some $900 million. The additional works are aimed at supporting the optimization of existing oil & gas facilities, it added in a statement.

DIARY

Rome, Senate, 'Question Time' with Economy Minister Giancarlo Giorgetti (1300 GMT).

Rome, Senate, hearing at the parliamentary inquiry commission on banks of CDP CEO Dario Scannapieco, Federcasse chairman Augusto Dell'Erba, and Director General Sergio Gatti (1130 GMT).

Rome, Cabinet meeting (1500 GMT).

Milan, Industry Minister Adolfo Urso speaks via video link at the APPLiA Italia General Assembly (1400 GMT).

Aosta, Third meeting of the Italian-French Cross-Border Cooperation Committee, co-chaired by Italian Minister of Foreign Affairs Antonio Tajani and French Minister for Europe and Foreign Affairs, Jean-Noël Barrot. Joint press conference Tajani–Barrot (1530 GMT).


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/


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