Italy - Factors to watch on Aug. 2

Technogym

02/08/2023 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
    The Italian government pledged to act to improve taxi
services after the country's antitrust authority (AGCM) said it
was looking into problems raised by tourists and residents of
major cities.
    
    ECONOMY
    Italy posted a state sector budget surplus of 16 billion
euros in July compared to a surplus of 8.4 billion euros in the
same month last year, the Treasury said in a statement on
Tuesday.
    
    COMPANIES
    Milan Stock Exchange After Hours market closed.
    
    TELECOM ITALIA  TLIT.MI  
    KKR is open to leaving Italy in full control of Telecom
Italia's submarine cable unit as part of the U.S. fund's efforts
to secure government blessing to take over the phone group's
grid, two sources close to the matter said.
    CDP CEO Dario Scannapieco said on Tuesday he did not rule
out forms of cooperation between TIM's grid and its rival Open
Fiber, jointly controlled by CDP and the Australian fund
Macquarie.
    TIM board meeting on H1 results on Wednesday.
    
    MFE-MEDIAFOREUROPE  MFEB.MI 
    MFE, Italy's top commercial broadcaster which is controlled
by the Berlusconi family, reported on Tuesday an 8% rise in
first-half operating profit as a small decline in advertising
sales was offset by lower costs.
    
    UNICREDIT  CRDI.MI  
    UniCredit on Tuesday proposed amending its by-laws to give
its board audit powers, which would no longer be exercised by a
separate body, in a push to make controls more effective, it
said.
    
    FINECOBANK  FBK.MI  
    FinecoBank said deposits were stabilising after outflows
early this year forced the online broker and digital bank to cut
its guidance on net interest income for 2023 - dispelling
concerns it may do so again.
    
    BANCA MEDIOLANUM  BMED.MI 
    Banca Mediolanum expects to post its best ever net profit in
2023 after reporting that net interest income more than doubled
in the first half of the year, its chief executive said on
Tuesday.
    
    STELLANTIS  STLAM.MI  
    Fiat-maker Stellantis held 32% of the Italian car market in
July, according to Reuters calculations. The market grew by
8.75% from the previous year.
    
        VNE  VNE.MI 
  
        Company operating in automated payment processing
sector, debuts at Euronext Growth Milan.
  
    
    IVECO GROUP  IVG.MI 
    Board meeting on H1 results, followed by conference call
(0900 GMT).
    
    FERRARI  RACE.MI 
    Board meeting on H1 results, followed by conference call
(1300 GMT).
    
    BANCO BPM  BAMI.MI 
    Board meeting on H1 results, followed by conference call
(1530 GMT).
    
    SAFILO  SFLG.MI 
    Board meeting on H1 results, followed by conference call
(1615 GMT).
    
    BPER BANCA  EMII.MI 
    Board meeting on H1 results, followed by conference call
(1700 GMT).
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    Board meeting on H1 results.
    
    TENARIS  TENR.MI 
    Board meeting on H1 results.
    
    ANIMA  ANIM.MI 
    Board meeting on H1 results.
    
    DOVALUE  DOVA.MI 
    Board meeting on H1 results.
    
    TECHNOGYM  TGYM.MI 
    Board meeting on H1 results.
    
    
    
    DIARY
    Rome, Environment Minister Gilberto Pichetto Fratin speaks
before Chamber of Deputies Environment Committee on the outcomes
of the EU Environment Council meeting of 20 June (0615 GMT).
    Rome, state-backed lender Cassa Depositi e Prestiti (CDP)
CEO Dario Scannapieco speaks before Parliamentary Committee for
the Security of the Republic (COPASIR) (1200 GMT).
    Turin, President Sergio Mattarella visits "Polo del '900". 
    
    ((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/