Italy - Factors to watch on Jan. 27
27/01/2021 07:40
The following factors could affect Italian markets on Wendesday.
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
Italian Prime Minister Giuseppe Conte handed in his
resignation to the head of state on Tuesday, hoping he would be
given an opportunity to put together a new coalition and rebuild
his parliamentary majority. urn:newsml:reuters.com:*:nL8N2K123N
President Sergio Mattarella will start a rapid round of
consultations with party leaders on Wednesday afternoon to test
the political waters, his office said.
ECONOMY
ISTAT releases December non-EU foreign trade (0900 GMT).
DEBT
Treasury sells 7.0 billion euros in new six-month BOT bills.
Subscriptions close at 1000 GMT.
COMPANIES
UNICREDIT CRDI.MI
Italy's No.2 bank is set to name Andrea Orcel as chief
executive, a person familiar with the matter said on Tuesday,
putting one of Europe's best-known dealmakers at the helm just
as the coronavirus crisis is pushing banks to merge.
urn:newsml:reuters.com:*:nL8N2K158Y
(*) UniCredit is set to designate Orcel as the bank's new
CEO at a board meeting on Wednesday and include his name in a
slate of directors shareholders will vote upon on April
15. urn:newsml:reuters.com:*:nR1N2J900Z
In 2015, high-flying dealmaker Andrea Orcel declared in an
interview that he wanted to be the chief executive of a bank.
Now set to be named chief executive of Italy's second-biggest
lender UniCredit, all eyes will be on which deals he does - or
doesn't - want to do. urn:newsml:reuters.com:*:nL1N2K1261
(*) Orcel's compensation is expected to be in line with
market standards with an annual salary of 2 million euros, Il
Sole 24 reported citing rumours.
(*) FINCANTIERI FCT.MI
Italy and France are set to scrap the Italian shipbuilder's
planned acquisition of French rival Chantiers de l'Atlantique,
daily La Repubblica reported, adding that the decision will be
announced in the next few hours.
ENEL ENEI.MI
Europe's biggest utility Enel is considering joining the
race for British power utility Western Power Distribution (WPD),
as part of a consortium advised by investment bank Rothschild,
two sources close to the matter said. urn:newsml:reuters.com:*:nL1N2K12D4
ASSICURAZIONI GENERALI GASI.MI
Chief Executive Philippe Donnet is expected to present at a
board meeting on Wednesday a reorganisation plan that could lead
to changes in the insurer's top management.
OVS OVS.MI
Morgan Stanley said its stake in the Italian retailer might
exceed or fall below the 5% threshold relevant for disclosure
purposes, adding it does not intend to acquire control or have
any influence over it, according to a regulatory filing.
STMICROELECTRONICS STM.MI
Board meeting on Q4 and FY results (press release on Jan.
28).
TOD'S TOD.MI
Board meets on preliminary FY sales results.
SAFILO SFLG.MI
Board meeting on preliminary FY results.
VANTEA SMART VNT.MI
Debuts on AIM segment.
DIARY
Rome, Italian President Sergio Mattarella starts
consultations in the afternoon.
Rome, representatives of trade unions CGIL, CISL, UIL, UGL
informally speak via videoconference before Senate Public Works
Committee on industrial plan of ITA-Italia Trasporto Aereo Spa,
state-owned newco expected to buy assets of Alitalia (0730 GMT).
Juventus FC JUVE.MI Chairman Andrea Agnelli gives speech
at 'e-Think Sport 2021' annual conference organised by News Tank
Football (0830 GMT).
((Milan newsroom, +39 02 6612 9507, fax +39 02 801149,
milan.newsroom@news.reuters.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/