Italy - Factors to watch on Nov. 25

Tenaris SA

25/11/2024 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
    Italy's 5-Star Movement severed ties on Sunday with its
co-founder, the comedian Beppe Grillo, a further step in turning
what was once a radical protest movement into a more mainstream
left-leaning force.
    
    ECONOMY
    Italy's high borrowing costs and weakening economic growth
could reduce the profitability of its companies in the near
future, especially those with a high debt load, the Bank of
Italy said on Friday
    
    DEBT
    Credit ratings agency Moody's said on Friday it had
completed its periodic review of Italy but did not announce any
change to its rating of Baa3 with a stable outlook.

    The Italian Treasury said on Friday it would sell 7.5
billion euros of 6-month BOT bills on Nov. 27.
    On Monday the Treasury will announce the sale of BTP and
CCTeu bonds, with relative amounts to be auctioned on Nov. 28.
    
    BANKS
    The Bank of Italy on Friday set the 2025 capital buffers for
the seven lenders classed as "Other Systemically Important
Institutions" (O-SIIs) in the country. The buffer was unchanged
from 2024 for Intesa Sanpaolo  ISP.MI , UniCredit  CRDI.MI  and
Banco BPM  BAMI.MI , while it doubled to 0.25% for BPER
 EMII.MI , Mediobanca  MDBI.MI , ICCREA and BNL.
     
    COMPANIES
    TENARIS  TENR.MI 
    The steel pipe maker said on Friday it had crossed a 5%
threshold of ownership of its own shares as part of its buyback
programmes.
    
    JUVENTUS  JUVE.MI 
    AC Milan and Juventus played out a 0-0 draw in their Serie A
meeting at the San Siro on Saturday.
    
    
    CIR-COMPAGNIE INDUSTRIALI REIUNITE  CIRI.MI 
    Starts voluntary partial takeover bid, ends on Dec. 13.
    
    DOVALUE  DOVA.MI 
    Starts capital increase; ends on Dec. 12.
    
    LANDI RENZO  LR.MI 
    Starts capital increase, ends on Dec. 9.
    
    TALEA GROUP  TALEA.MI 
    Starts capital increase, ends on Dec. 12. 
    
    VISIBILIA EDITORE  VE.MI 
    Starts capital increase, ends on Dec. 9. 
    
    DIARY
    Anagni and Fiuggi, G7 foreign ministers' meeting starts,
chaired by Foreign Minister Antonio Tajani; ends on Nov. 26.
Tajani delivers introductory remarks (1200 GMT).
        
  
        Industry Minister Adolfo Urso and German Economy
Minister Robert Habeck hold news conference at "German-Italian
Ministerial Forum" in Berlin (1100 GMT).
  
    
    Rome, Economy Minister Giancarlo Giorgetti addresses
Parliamentary Committee for supervision of welfare institutes
(1330 GMT).
    
    Rome, Foreign Minister Antonio Tajani attends ISPI 10th
edition "Mediterranean Dialogues" (to Nov. 27); on Monday holds
a press point at 0745 GMT and gives speech at 0830 GMT.
    
    Milan, Mediobanca  MDBI.MI  holds event "The defence era:
capital and innovation in the current geopolitical cycle" (1000
GMT); Mediobanca CEO Alberto Nagel delivers welcome address;
Defence Minister Guido Crosetto delivers introductory remarks
via videoconference; Fincantieri  FCT.MI  CEO Pierroberto
Folgiero attends.
    
    ((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/