Italy - Factors to watch on August 1

Tenaris SA

01/08/2024 05:00

The following factors could affect Italian markets on Thursday.
    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 .
        
    ECONOMY    
    
    July PMI manufacturing HCOB data (0745 GMT).
    ISTAT releases June unemployment rate date (0800 GMT).
    Transport Ministry releases July car sales data (1600 GMT).
    July state sector borrowing requirement data.
    
    COMPANIES
    SNAM  SRG.MI  
    Italy's state-controlled gas grid company reported a 16%
rise in first-half adjusted core earnings on Wednesday and said
it could issue hybrid bonds worth up to 1.25 billion euros ($1.4
billion) to fund recent acquisitions. Its CFO also said Snam
could consider selling its stake in Interconnector UK. 
    
    NEXI  NEXII.MI  
    The payments company will use rising excess cash to buy back
its own shares faster than planned, it said on Wednesday as
second quarter core profit slightly exceeded forecasts.
    Conference call on results (0730 GMT).
    
    ENI  ENI.MI  
    Algerian state oil and gas firms Sonatrach and Sonelgaz
signed a memorandum of understanding with Italy's Eni on
Wednesday on the feasibility of a submarine power link to supply
electricity to Italian and European markets, Sonatrach said.
    
    TERNA  TRN.MI  
    The power grid operator signed on Wednesday a 5-year
ESG-linked credit facility agreement for 400 million euros 
($432.32 million).
    
    GEOX  GEO.MI 
    The shoemaker posted on Wednesday a 9.4% drop in sales for
the first six months of the year, at current exchange rates, to
320.4 million euros.
    
    ILLIMITY  ILTY.MI 
    The lender said on Wednesday it had structured a financing
deal worth more than 400 million euros for Italian refinery
ISAB, which plans to reduce the environmental impact of its
activities under a 1.4 bln euro investment plan.
    
    PRYSMIAN  PRY.MI 
    The cable maker said on Wednesday that Spanish power grid
operator Red Electrica had picked it for an energy transmission
project, which will be worth over 500 million euros ($541
million), to connect the island of Mallorca with the mainland.
    Releases H1 results (0515 GMT), followed by conference calls
with media (0630 GMT) and analysts (0800 GMT).
    
    M&A, BENDING SPOONS
    The Italian technology company said on Wednesday it had
agreed to acquire WeTransfer, the file sharing platform founded
in the Netherlands, without giving financial details.

    MEDIOBANCA  MDBI.MI 
    Releases FY results, followed by conference call.
    
    AZIMUT HOLDING  AZMT.MI 
    Board meeting on H1 results.
    
    BANCA MEDIOLANUM  BMED.MI 
    Board meeting on H1 results, followed by conference call
(1400 GMT).
    
    FERRARI  RACE.MI 
    Board meeting on H1 results, followed by conference call
(1300 GMT).
    
    PIRELLI  PIRC.MI 
    Board meeting on H1 results.
    
    SALVATORE FERRAGAMO  SFER.MI 
    Board meeting on H1 results, followed by conference call.
    
    INWIT  INWT.MI 
    Conference call on H1 results (0830 GMT).
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    Conference call on H1 results (0900 GMT).
    
    TENARIS  TENR.MI 
    Conference call on H1 results (1200 GMT).
    
    Milan Stock Exchange After Hours market closed.
    
    DIARY
        Rome, Defence Minister Guido Crosetto addresses Chamber
of Deputies on the outcomes of the NATO summit held in
Washington (0700 GMT).
  
    Rome, state-backed lender Cassa Depositi e Prestiti (CDP)
holds board meeting on H1 results.
    
    ((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 = 0.9252 euros)