Italy - Factors to watch on Oct. 12

TrenDevice SpA

12/10/2023 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 .
    
    POLITICS
    An Italian centrist opposition party led by former Prime
Minister Matteo Renzi said on Wednesday it would appeal to the
constitutional court to rule unlawful the government's decision
to raise the 2024 budget deficit.
    
    ENERGY
    Innovation and a more circular economy will help Italy
ensure supplies of critical raw materials as part of a
European-wide bid to reduce reliance on foreign imports, the
energy minister said on Wednesday.
    
    DEBT
    Treasury sells following BTP bonds: 2.25-2.75 billion euros
3.85% due Sept. 15, 2026; 2.25-2.75 billion euros 4.0% due Nov.
15, 2030; 0.75-1.0 billion euros 4.45% due Sept. 1, 2043;
1.0-1.5 billion euros 4.0% Green bonds due April 30, 2035.
Subscriptions close at 0900 GMT.
    
    COMPANIES
    MEDIOBANCA  MDBI.MI 
    Proxy adviser Institutional Shareholder Services (ISS) said
on Wednesday it was recommending that Mediobanca investors vote
in favour of the outgoing board's slate of nominees for the
Italian bank's new board.
    
    SNAM  SRG.MI 
    The gas grid operator said on Wednesday it was renewing its
EMTN and ECP bond issuance programmes.
    
    IREN  IREE.MI 
    The Italian multi-utility said on Wednesday it would build a
solar panel recycling plant in Tuscany by the end of next year.
    
    FERRAGAMO  SFER.MI 
    The Italian luxury goods company said on Wednesday it had
signed a cooperation agreement with Italy's tax authorities. The
scheme, known as a cooperative compliance regime, will take
effect as early as the 2022 tax year.

    BANKS
    MONTE DEI PASCHI  BMPS.MI 
    Italy's highest court on Wednesday upheld the acquittal of
Monte Paschi's former senior managers, as well as Deutsche Bank
and Nomura over derivative deals blamed for playing a part in
the downfall of the Tuscan lender.
    
    TRENDEVICE  TDE.MI 
    Ends capital increase.
    
    DIARY
    Marrakesh (Morocco), Economy Minister Giancarlo Giorgetti
attends G7 and G20 events.
    "Made in Italy summit 2023, Boosting Global Competitiveness"
event online ends (1230 GMT); on Thursday expected attendees
include at panel Ukrainian Deputy Prime Minister Oleksandr
Kubrakov (1245 GMT); European Bank for Reconstruction and
Development (EBRD) Chief Economist Beata Javorcik, Italian
chamber of Commerce in China President Paolo Bazzoni; Economy
Ministry agency SACE Chief Economist Alessandro Terzulli (1315
GMT); BlackRock  BMN.N  Systematic unit Global Head Raffaele
Savi (1455 GMT); Education Minister Giuseppe Valditara (1555
GMT).
    Rome, inauguration ceremony of the new National Library of
Archaeology and Art History building site in the presence of
President Sergio Mattarella; expected attendees include Culture
Minister Gennaro Sangiuliano, state property agency 'Agenzia del
Demanio' Director Alessandra dal Verme (1530 GMT).
    Rome, swearing-in of the 94th Fire Service Cadet Course with
Prime Minister Giorgia Meloni, Interior Minister Matteo
Piantedosi, Interior Undersecretary Emanuele Prisco (0930 GMT).
    Rome, Environment Minister Gilberto Pichetto Fratin speaks
before Chamber of Deputies Environment Committee on the
environmental impact of building incentives (0630 GMT).
    Rome, Senate holds question time session (1300 GMT).
    Rome, Lithuanian Foreign Minister Gabrielius Landsbergis due
to informally speak before Senate and Chamber of Deputies
Foreign Affairs Committees (1300 GMT). 
        Rome, U.N. Food and Agriculture Organization (FAO) holds
news conference to present 'World Food Day', 'World Food Forum',
'United Nations Global Indigenous Youth Forum (UNGIYF)' (0900
GMT).
  
    Infrastructure and Transport Minister Matteo Salvini's
agenda on Thursday:
 * via videoconference at event 'Quattroruote Next'
"Opportunities, commitments and solutions for the sustainable
future of mobility" (0940 GMT);
 * via videoconference at first stage 2023 edition
'SevenEighths' roadshow (1630 GMT).
    Milan, "European Business & Nature Summit 2023" ends; on
Thursday expected attendees include European Central Bank (ECB)
board member Frank Elderson, research council (CNR) President
Maria Chiara Carrozza (0740 GMT).
    Florence, European Financial Planning Association (EFPA)
starts 14th edition "AI: Alternative Intelligence, back to the
future of the financial advisor" (to Oct. 13).
    
    ((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/