Italy - Factors to watch on October 2

Brembo NV

02/10/2024 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 .
    
    ECONOMY
    ISTAT releases unemployment rate data (0800 GMT).
    
    DEBT
    Italy posted a state sector budget deficit of 24 billion
euros ($26.54 billion) in September compared to a shortfall of
25.26 billion euros in the same month last year, the Treasury
said in a statement on Tuesday.
    
    COMPANIES
    UNICREDIT  CRDI.MI 
    The bank has built a "federal model" as a pan-European bank
with subsidiaries in each of its 13 markets that can act
locally, CEO Andrea Orcel said on Tuesday, as he called on
Europe to promote financial integration.
    
    STELLANTIS  STLAM.MI 
    The French-Italian carmaker's sales fell by 10.75%
year-on-year in Italy in September, the Transport Ministry said
on Tuesday.
    Stellantis held 24.11% share of the country's car market
last month, according to Reuters calculation.
    The U.S. Highway Traffic Safety Administration said on
Tuesday owners of 154,000 Jeep plug-in hybrid electric SUVs
should park outside and away from buildings or other vehicles
until they get recall repairs completed.
    Jeep-parent Stellantis on Monday said it was recalling
194,000 Jeep Wranger and Grand Cherokee plug-in hybrids
worldwide -- including 154,00 in the United States -- after
reports of 13 fires.
    
    BREMBO  BRBI.MI , PIRELLI  PIRC.MI 
    The premium brakemaker said on Tuesday it was starting a
process to sell its entire stake in tyre maker Pirelli, worth
around 300 million euros ($331.8 million), dampening speculation
about a merger between the two Italian groups.
    
    ENI  ENI.MI 
    Guyana expects to receive bids on Tuesday to award a
marketing contract for the government to trade its share of
crude produced in the country, according to an advisory from the
Natural Resources Ministry.
    Potential bidders include Eni.
    
    DIARY
    "Made in Italy Summit 2024 - New markets, global trade
shifts" online event continues (1200 GMT); ends on Oct. 3. On
Wednesday expected attendees include Civil Protection and Sea
Minister Nello Musumeci, Italian Fashion Chamber CNMI President
Carlo Capasa, Kiton fashion group Chairwoman Maria Giovanna
Paone, Italian Space Agency (ASI) President Teodoro Valente.
    Rome, Cabinet meeting chaired by Prime Minister Giorgia
Meloni (0900 GMT).
    Rome, Foreign Minister Antonio Tajani and Defence Minister
Guido Crosetto address Senate and Chamber of Deputies Foreign
and Defence committees on recent developments in the Middle East
(0630 GMT).
    Rome, Chamber of Deputies holds 'question time' session with
Infrastructure and Transport Minister Matteo Salvini (1400 GMT).
    Rome, Chamber of Deputies holds general debate on 'Tax
decree' (1400 GMT); followed by vote of confidence (around 1630
GMT).
    Rome, Industry Minister Adolfo Urso addresses Chamber of
Deputies Industry Committee on the situation of the industrial
crisis tables opened at Industry Ministry (1245 GMT).
    Rome, "Global governance on AI" event with Cabinet
Undersecretary for Innovation Technology Alessio Butti,
Microsoft  MSFT.O  President Brad Smith (0800 GMT).
    Rome, Brunello Cucinelli  BCU.MI  Chairman Brunello
Cucinelli holds news conference at Foreign Press Association
(1300 GMT).
    Rome, trade union FIM-CISL holds news conference to present
report on Stellantis production and employment in the Group's
Italian plants in Q3 (1300 GMT).
    Mirabella Eclano, G7 'Interior' ministerial meeting starts;
ends on Oct. 4.
    
    ((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/