Italy - Factors to watch on Oct. 30

Technogym

30/10/2023 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 .
    
    POLITICS
    Italian Prime Minister Giorgia Meloni said on Friday that
talks among European Union countries over a new set of fiscal
rules are proving difficult, as the bloc aims to complete the
process by the end of the year.
    Italy's government has softened plans to hike the retirement
age from next year, under a draft budget seen by Reuters.
    The government plans to hike taxes on short-term rentals for
 people letting out more than one flat, a draft of the 2024
budget seen by Reuters showed on Saturday.
    
    ECONOMY
    The Italian economy will grow only modestly this year and
even more slowly in 2024 as it feels the impact of high
inflation and an increase in interest rates, a report from the
country's main business lobby Confindustria said on Saturday.
    ISTAT releases September non-EU foreign trade data (0900
GMT).
    
    DEBT
    Credit rating agency DBRS on Friday joined S&P Global in
confirming Italy's debt rating. DBRS rates Italy BBB (High) with
a stable outlook.
            
    COMPANIES
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    The Italian government signalled on Saturday it still backed
a proposed deal for TIM to sell its network grid to U.S. fund
KKR  KKR.N  after the emergence of a rival plan for the telecoms
group.
     A London-based investment firm representing TIM
shareholders owning under 3% of the group is seeking to
challenge its plan to sell its landline grid, proposing an
alternative revamp, a letter to the board seen by Reuters showed
on Friday.
        
    MEDIOBANCA  MDBI.MI  
    Mediobanca Chief Executive Alberto Nagel and his allies
withstood opposition from the bank's biggest investor to retain
a firm grip on the company in a shareholder vote on Saturday,
with the CEO securing a new three-year mandate.
    
    ENI  ENI.MI 
    Israel's Energy Ministry said on Sunday it had awarded 12
licenses to six companies to explore for natural gas off the
country's Mediterranean Coast, aiming to diversify suppliers. A
group including ENI, Dana Petroleum and Ratio Petroleum
 RTPTp.TA  will explore in an area west of the Leviathan field.
    
    STELLANTIS  STLAM.MI 
    Chrysler-parent Stellantis and the United Auto Workers (UAW)
union have reached a tentative agreementon a new labour
contract, UAW said on Saturday, more than 40 days after the
union began striking against the Detroit Three automakers.
    The accord, which follows the one reached by Ford  F.N  on
Wednesday, left GM  GM.N  as the only Detroit automaker without
a contract deal, prompting the UAW on Saturday to expand the
strike to include GM's Spring Hill, Tennessee, engine plant.
    
    MFE - MEDIA FOR EUROPE  MFEB.MI 
    Prime Minister Giorgia Meloni on Friday denied tensions
between the government and the Berlusconi family's Mediaset TV
group after it broadcast off-air sexist comments from her
partner which played a part in their separation.   
   
    AMPLIFON  AMPF.MI 
    Board meeting on Q3 results, followed by conference call
(1400 GMT).
    
    PIAGGIO  PIA.MI 
    Board meeting on Q3 results, followed by conference call.
    
    TECHNOGYM  TGYM.MI 
    Board meeting on Q3 results (revenues).
    
    DIARY
    Rome, Italy, Germany and France hold trilateral meeting to
co-ordinate on digital transition and artificial intelligence
with Industry Minister Adolfo Urso, German Deputy Chancellor,
Economy and Climate Action Minister Robert Habeck, French
Economy, Finance and Industrial and Digital Sovereignty Minister
Bruno Le Maire (0830 GMT); followed by news conference (1100
GMT).
    Rome, government's majority meeting on constitutional
reforms with Prime Minister Giorgia Meloni, Deputy Prime
minister and Foreign Minister Antonio Tajani, Deputy Prime
minister and Infrastructure and Transport Minister Matteo
Salvini (afternoon).
    Rome, savings banks association (ACRI) holds news conference
to present 23rd edition annual survey by ACRI-IPSOS on "Italians
and Savings" with ACRI President Francesco Profumo and IPSOS
President Nando Pagnoncelli (0930 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/