Italy - Factors to watch on Sept. 27

UnipolSai Assicurazioni SpA

27/09/2023 05:00

The following factors could affect Italian markets on Wednesday.
    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
    Foreigners who live legally in Italy could in future be
kicked out of the country if they pose a threat to public order
or national security, according to a draft government decree
seen by Reuters and due to be approved on Wednesday. 
    
    ECONOMY
    Italy is preparing to cut its economic growth target for
this year to 0.8%, from 1% set in April, sources familiar with
the matter told Reuters, ahead of a Wednesday cabinet meeting
due to sign off on new economic forecasts that will form the
framework of the 2024 budget.
    ECB releases August data on Italian banks domestic
government bond holdings (0800 GMT).
    
    DEBT
    Treasury sells 6-month BOT bills. Subscriptions close at
0900 GMT.
    
    COMPANIES   
    INSURERS
    Private equity firm Cinven has agreed to buy back 160
million euros ($170 million) of debt sold by its insurer
Eurovita and is open to supporting other measures to avoid a
messy liquidation of the Italian company, according to a Reuters
exclusive. 
    Eurovita is under special administration and Italian
insurance market leaders Intesa Sanpaolo  ISP.MI , Generali
 GASI.MI , UnipolSai  US.MI , Poste Vita and Allianz  ALVG.DE 
are involved in its rescue. 
    
    DANIELI  DANI.MI  
    The Italian foundry equipment maker said on Tuesday it
expects to achieve in the full year 2023-2024 core earnings of
400-430 million euros and an order book of 6-6.5 billion euros. 
    The order book no longer includes any amounts for projects
in Russia given the low probability of them being developed in
the future, the company said.
    
    DIARY
    Rome, cabinet meeting.
    Rome, Economy Minister Giancarlo Giorgetti faces question
time session in Chamber of Deputies (1300 GMT).
    Milan, ECB Supervisory Board Chairman Andrea Enria delivers
a lecture at Bocconi University and participates at 'Analysis
Forum' "Risks and challenges for the European banking sector"
(1200 GMT).
    Milan, "Italian Energy Summit 2023" starts (0700 GMT); ends
on Sept. 28. On Wednesday expected attendees include Environment
Minister Gilberto Pichetto Fratin (0715 GMT); energy authority
ARERA President Stefano Besseghini (0725 GMT); European
Investment Bank (EIB) Vice President Gelsomina Vigliotti (0735
GMT); Eni  ENI.MI  CEO Claudio Descalzi, Snam  SRG.MI  CEO
Stefano Venier, Prysmian  PRY.MI  Group COO and board member
Massimo Battaini, Acea  ACE.MI  CEO Fabrizio Palermo, Saipem
 SPMI.MI  CEO Alessandro Puliti, Trans Adriatic Pipeline (TAP)
Managing Director Luca Schieppati, Shell  SHEL.L  Italian
Country Chairman Marco Marsili, state-run power management
agency Gestore Servizi Energetici (GSE) President Paolo Arrigoni
(0755 GMT); Danieli & C  DANI.MI  Group Vice Chairwoman Camilla
Benedetti (1240 GMT).
    Turin, "2023 Italian Tech Week" starts; ends on Sept. 29. On
Wednesday Turin Mayor Stefano Lo Russo delivers welcome
address(0900 GMT); expected attendees include at panel "The
world with ChatGPT" video link with OpenAI CEO and co-founder
Sam Altman (1500 GMT).
    Rome, Italian Banking Association (ABI) holds executive
committee meeting. The head of the Bank of Italy's anti-money
laundering unit (UIF) Enzo Serata takes part (0800 GMT).    
    Industry Minister Adolfo Urso speaks via video link at
National Congress of Engineers in Catania (0830 GMT).     
    Rome, Italian petrol stations federation (FAIB) meets to
celebrate 60th anniversary; Industry Minister Adolfo Urso gives
speech (0830 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/