Italy - Factors to watch on May 5

Technogym

05/05/2023 05:00

The following factors could affect Italian markets on Friday.
    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 Foreign Minister Antonio Tajani called off a trip to
Paris on Thursday, saying the French interior minister had
insulted Italy with comments that were highly critical of Prime
Minister Giorgia Meloni.
    
    ECONOMY
    ISTAT releases March retail sales data (0800 GMT).
    OECD releases April composite leading indicator data (1000
GMT).
    
    DEBT
    Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on May 10.
    
    COMPANIES
    BANCO BPM  BAMI.MI 
    Credit Agricole  CAGR.PA  has not asked banking supervisors
for clearance to increase its stake in Italy's third-largest
bank above the 9.9% level it recently reached, the head of the
French bank's Italian arm said on Thursday.
    
    FERRARI  RACE.MI 
    The Italian luxury sportscar maker produced a bigger than
expected 27% rise in first-quarter core profit and forecast a
strong second quarter, when deliveries start for its new
Purosangue model, for which waiting lists extend to 2026. 
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    The phone group said on Thursday it was unhappy with
sweetened bids submitted by suitors for its fixed network, and
set a final deadline of June 9 to receive an improved offer from
at least one of the bidders.
    TIM directors met to review rival offers from KKR  KKR.N 
and a consortium comprising Italian state lender CDP and fund
Macquarie  MQG.AX , worth respectively 21 billion euros ($23.13
billion) and 19.3 billion euros.
    
    MONCLER  MONC.MI 
    First quarter sales at Italian fashion group jumped by 23%,
beating analysts' expectations, boosted by Chinese demand and a
solid growth in the EMEA region.
    
    LISTED STATE-CONTROLLED COMPANIES
    Italy's Treasury aims to limit the annual pay and golden
handshakes of top bosses in listed state-controlled firms, a
draft proposal seen by Reuters showed on Thursday.
    
    INTESA SANPAOLO  ISP.MI 
    Board meeting on Q1 results, followed by conference call
(1300 GMT).
    
    CNH INDUSTRIAL  CNHI.MI 
    Board meeting on Q1 results, followed by conference call
(1330 GMT).
    
    TERNA  TRN.MI 
    Board meeting on Q1 results, followed by conference call
(1400 GMT).
    
    PIAGGIO  PIA.MI 
    Board meeting on Q1 results, followed by conference call on
Q1 results.
    
    ANIMA HOLDING  ANIM.MI 
    Board meeting on Q1 results.
    
    TECHNOGYM  TGYM.MI 
    Annual and extraordinary shareholders' meetings (0800 GMT).
    
    DIARY
    Rome, Foreign Investors Advisory Board (ABIE) holds annual
meeting "Global enterprises and the world to come" and presents
3rd report on "Foreign companies in Italy: between signs of
recovery and new global risks"; expected attendees include
Foreign Minister Antonio Tajani, Nestle Group  NESN.S  Italian
Chairman and CEO Marco Travaglia, Meta  META.O  Italian CEO Luca
Colombo, Industry Minister Adolfo Urso delivers closing address
(0730 GMT). 
    Milan, Forza Italia party starts national meeting (1000
GMT); ends on May 6. 
    Milan, conference on "New utilities for new customers:
sales, services and renewable energy communities" (0720 GMT);
expected attendees include A2A  A2.MI  CEO Renato Mazzoncini,
AGSM AIM CEO Stefano Quaglino, IREN  IREE.MI  CEO Gianni Armani,
Siram Veolia CEO Emanuela Trentin, Hera  HRA.MI  CEO Orazio
Iacono, Edison  EDNn.MI  CEO Nicola Monti, Enel  ENEI.MI 
Italian Director Nicola Lanzetta, Engie  ENGIE.PA  Italian CEO
Monica Iacono (0755 GMT).
    Florence, European University Institute (EUI) ends annual
meeting on "Building Europe in times of uncertainty" (0700 GMT);
ends on May 6. Expected attendees include Spanish Economy
Minister Nadia Calvino, ECB board member Frank Elderson, EU
Economy Commissioner Paolo Gentiloni (0730 GMT).
    Parma, 'Green Economy Festival' starts; ends on May 7. On
Friday opening event with Piovan  PVNA.MI  CEO Filippo
Zuppichin, Iren  IREE.MI  Chairman Luca Dal Fabbro, Credit
Agricole  CAGR.PA  Italian Senior Country Officer Giampiero
Maioli, Environment and energy Security Ministro Gilberto
Picchetto Fratin (0830 GMT).
    Piombino, LNG ship arrival with cargo of liquefied gas
(LNG); expected attendees include Snam  SRG.MI  CEO Stefano
Venier, Environment Minister Gilberto Pichetto Fratin, (1230
GMT); followed by news conference (1330 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/ 


($1 = 0.9081 euros)