Italy - Factors to watch on October 25
25/10/2024 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
Italy's 5-Star Movement will sever ties with its founder,
comedian Beppe Grillo, due to his "acts of sabotage", party
leader and former premier Giuseppe Conte said in book excerpts
published on Thursday
ECONOMY
ISTAT releases October consumer and business confidence data
(0800 GMT).
ECB releases September data on Italian banks domestic
government bond holdings.
DEBT
Treasury sells 2.0-2.5 billion euros of 3.10% BTP Short
bonds due Aug. 28, 2026; 1.25-1.5 billion euros of 1.80% BTPei
bonds due May 15, 2036; 0.75-1.0 billion euros of 0.40% BTPei
bonds due May 15, 2030. Subscriptions close at 0900 GMT.
Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Oct. 30.
BANKS
Banca Progetto, a small Italian bank which investment firm
Oaktree recently agreed to sell to Centerbridge, has been placed
under court administration for allegedly lending money to a
person arrested under mafia charges, a court document showed.
COMPANIES
ENI ENI.MI
The Italian energy group said on Thursday it would invest 2
billion euros ($2.2 billion) in five years to decarbonise and
relaunch its loss-making chemicals business Versalis.
ENI also said it had approved the distribution of a second
tranche of its 2024 dividend of 25 euro cents per share.
On Friday ENI releases Q3 results on Friday, followed by
conference call.
PRYSMIAN PRY.MI
The cable maker's chief executive Massimo Battaini said on
Thursday it has a backlog in its energy transmission business
equal to 4-5 years of revenues.
ITALGAS IG.MI
The chief executive of Italy's largest gas distributor said
on Thursday its 2024 capital expenditure would probably be
slightly below 900 million euros.
BANCO BPM BAMI.MI
The Italian lender said on Thursday that ratings agency S&P
Global had upgraded its rating by one notch to BBB/A-2
RELATECH RLT.MI
Gemini BidCo Srl ends full mandatory takeover offer on
Relatech ordinary shares.
UNIEURO UNIR.MI
Fnac Darty FNAC.PA and RUBY Equity Investment Sarl end
voluntary public tender and exchange offer on Unieuro ordinary
shares.
DIARY
Economy Minister Giancarlo Giorgetti attends International
Monetary Fund (IMF), World Bank Group (WBG) and G7 meetings in
Washington.
Defence Minister Guido Crosetto visits Turkey.
DBRS rating agency scheduled review of sovereign debt rating
on Italy.
Assogestioni expected to release September fund flows
data (0900 GMT).
Rome, 70th anniversary commemorative ceremony of De
Gasperi's death "Peace, Prosperity, Homeland. The legacy of De
Gasperi 70 years later" with President Sergio Mattarella,
Cabinet Undersecretary Alfredo Mantovano, European Parliament
President Roberta Metsola (0900 GMT).
Rome, ECB board member Elizabeth McCaul delivers
pre-recorded message on "EU Banking Regulation at a Turning
Point" at conference at Tor Vergata University (0700 GMT).
Genoa, Foreign Minister Antonio Tajani attends ceremony
of handover to the World Food Programme of trucks donated by
Italy as part of the 'Food for Gaza' initiative (1330 GMT).
Genoa, Prime Minister Giorgia Meloni, Infrastructure and
Transport Minister Matteo Salvini and Foreign Minister Antonio
Tajani together to support the candidate to become Governor of
Liguria region Marco Bucci (1430 GMT).
Saint Vincent, conference on "Open innovation summit 2024,
twin transition, company 5.0 in sustainability era" (to Oct.
26); on Friday expected attendees include Industry Minister
Adolfo Urso, Cabinet Undersecretary for Innovation Technology
Alessio Butti.
Vatican City, Pope Francis receives European Parliament
President Roberta Metsola (0700 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/