Italy - Factors to watch on Aug. 11

UnipolSai Assicurazioni SpA

11/08/2023 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
    A decision by the Italian government to cap airfares to the
islands of Sicily and Sardinia has prompted a dispute with
airlines and been branded illegal by Ryanair, in a fresh sign of
friction between Rome and big business.
    
    ...
    
    ECONOMY
    ISTAT releases June foreign trade data (0800 GMT).
    
    Italy's inflation rate slowed down in July, as price
pressures eased for unprocessed food products, energy and
services, with core inflation dipping below the threshold of 6%,
official data showed on Thursday.
        
    COMPANIES
    Milan Stock Exchange After Hours market closed.
    
    TELECOM ITALIA  TLIT.MI 
    Italy's Treasury has signed a preliminary agreement with
U.S. fund KKR paving the way for the government to buy up to 20%
of the company that will own Telecom Italia's landline grid, it
said on Thursday. 
        
    LEONARDO  LDOF.MI  
    Poland is seeking to negotiate for the purchase of 22 AW101
helicopters produced by PZL-Swidnik, the Polish unit of Italy's
state-controlled defence and aerospace group Leonardo, the
Polish defence minister said on Thursday.
    
    INTESA SANPAOLO  ISP.MI  
    Italy's biggest bank Intesa Sanpaolo is getting closer to
securing approval from Moscow to transfer its Russian business
to local management, a source close to the matter said, as the
country's stance on asset disposals shifts.
    
    BANKS
    The Italian government's decision to impose a windfall tax
on banks, if implemented in its current form, would
significantly hit banks' net income and be "credit negative" for
the country's banking sector, Moody's Investors Service said.
    
    SAIPEM  SPMI.MI  
    Saipem has been awarded two new contracts by Eni Congo and
BP, worth a total of around $700 million, it said on Thursday.
            
    UNIPOL GROUP  UNPI.MI  and UNIPOLSAI  US.MI 
    Release H1 results (before Bourse opening), followed by
conference call (1000 GMT).
    
    DIARY
    Rome, Prime Minister Giorgia Meloni meets opposition party
leaders on minimum wage (1500 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/