Italy - Factors to watch on May 11

Technogym

11/05/2022 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
    Italian Prime Minister Mario Draghi, in a meeting with U.S.
President Joe Biden on Tuesday, said Russia's invasion of
Ukraine had made ties between the United States and Italy
stronger, a sentiment Biden said he agreed with.  urn:newsml:reuters.com:*:nW1N2WK032
    
    DEBT
    Treasury sells 6.5 billion euro new 12-month BOT bills.
Subscriptions close at 0900 GMT.
    
    COMPANIES
    TELECOM ITALIA  TLIT.MI 
    TIM is on track to secure state guarantees on a credit
facility worth up to 3 billion euros ($3.2 billion) with a
preliminary green light expected on Wednesday, three people
close to the matter said.  urn:newsml:reuters.com:*:nL5N2X26IU
    
    UNICREDIT  CRDI.MI 
    The lender announced on Tuesday it had launched its share
buy-back programme. In a note it said it had set the terms for
the execution of the first tranche of the programme for a
maximum amount of 1.58 billion euros and for a number of
ordinary shares not exceeding 215 million. 
    
    SALVATORE FERRAGAMO  SFER.MI 
    Revenues at the Italian luxury group beat market forecasts
in the first quarter despite a decline in retail sales in China
because of new COVID-19 restrictions, and the group said it
expected to double sales in the medium term.  urn:newsml:reuters.com:*:nL5N2X26TP
    
    PIRELLI  PIRC.MI 
    Pirelli said on Tuesday it had sought alternative suppliers,
increased stocks and shifted production since March to mitigate
the impact of Russia's invasion of Ukraine.  urn:newsml:reuters.com:*:nL5N2X26SQ
    Pirelli CEO said operations in China were running despite
the lockdown.  urn:newsml:reuters.com:*:nR1N2WC00B
    
    FALCK RENEWABLES  FKR.MI 
    Infrastructure Investment Fund, a fund advised by JPMorgan,
on Tuesday completed its takeover of Falck Renewables by
securing more than 95% of the Italian green energy group
following a buyout offer.  urn:newsml:reuters.com:*:nL5N2X26DB
    
    ENI  ENI.MI 
    Annual and extraordinary shareholders' meetings (0800 GMT).
    
    MEDIOBANCA  MDBI.MI 
    Board meeting on Q3 results, followed by conference call
(1200 GMT).
    
    EDISON  EDNn.MI 
    Presents "Edison Next: 2022-2030 development plan in Italy
and Spain" with Edison CEO Nicola Monti and Edison Next CEO
Giovanni Brianza in Milan (0830 GMT).
    
    ILLIMITY BANK  ILTY.MI 
    Conference call on Q1 results (0700 GMT).
    
    HERA  HRA.MI 
    Board meeting on Q1 results.
    
    TERNA  TRN.MI 
    Board meeting on Q1 results, followed by conference call
(1400 GMT).
    
    ACEA  ACE.MI 
    Board meeting on Q1 results, followed by conference call
(1500 GMT).
    
    BREMBO  BRBI.MI 
    Board meeting on Q1 results (0730 GMT), followed by
conference call (1200 GMT).
    
    TOD'S  TOD.MI 
    Board meeting on Q1 results, followed by conference call
(1600 GMT).
    
    MAIRE TECNIMONT  MTCM.MI 
    Board meeting on Q1 results, followed by conference call 
(1530 GMT).
    
    BANCA CARIGE  CRGI.MI 
    Board meeting on Q1 results.
    
    RCS MEDIAGROUP  RCSM.MI 
    Board meeting on Q1 results.
    
    TECHNOGYM  TGYM.MI 
    Board meeting on Q1 results, followed by conference call
(1400 GMT).
    
    POSTE ITALIANE  PST.MI 
    Board meeting on Q1 results, press release on May 12.
    
    SNAM  SRG.MI 
    Board meeting on Q1 results, press release on May 12.
    
    DIARY
    Washington (U.S.), Atlantic Council delivers '2022
Distinguished International Leadership Award' award to Italian
Prime Minister Mario Draghi (2225 GMT) and '2022 Distinguished
Business Leadership Award' award to Eni  ENI.MI  CEO Claudio
Descalzi.
    Rome, Agriculture Minister Stefano Patuanelli speaks via
videoconference before Senate and Chamber of deputies
Agriculture Committee on updates to the national strategic plan
in the view of EU Commission's findings and observations (0600
GMT).
    Rome, Minister for Relations with Parliament Federico D'Inca
speaks before Chamber of Deputies Elections Committee on "Rules
for the exercise of the right to vote by Italian citizens living
abroad" (1230 GMT). 
    Rome, State export credit insurance agency SACE holds board
meeting.
    Rome, Internal Security and Intelligence Agency (AISI)
Director Mario Parente speaks before Parliamentary Committee for
the Security of the Republic (COPASIR) on alleged disinformation
during the Ukrainian conflict.
    Rome, "Cybertech Europe" conference ends (0715 GMT); plenary
session with Agency Cybersecurity National (NCA) Director
General Roberto Baldoni (0730 GMT).
    Rome, National Union of Credit Protection Companies (UNIREC)
holds annual conference "New credit management models among
regulation, financial inclusion and sustainability"; UNIREC
President Francesco Vovk delivers introductory remarks and
Economy Undersecretary Federico Freni delivers welcome remarks
(0800 GMT); round-table discussion on "Managing
over-indebtedness for ethical credit management" with Bank of
italy representative Bruno Giannattasio.
    Rome, ITA Airways holds event to launch "True Italian
Experience" (1000 GMT).
    Rome, Annual conference on "New credit management models
between regulation, financial inclusion and sustainability" with
Economy Undersecretary Federico Freni (0800 GMT).
    Rome, trade association Confcommercio holds conference
"Women braving the storm" with Confcommercio President Carlo
Sangalli, Equal Opportunities Minister Elena Bonetti (1300 GMT).
    Rome, National Seria A soccer League holds meeting, Olympic
committee (COMI) President Giovanni Malago delivers welcome
address (1400 GMT).
    Milan, 12th edition of 'Salone del risparmio' "Human,
responsible, digital. Economic and social development in the
next decade" in presence and online continues; ends on May 12.
    
    ((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/