Italy - Factors to watch on October 29

Chakana Copper

29/10/2024 07:15

The following factors could affect Italian markets on Tuesday.
    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 Giorgia Meloni and her right-wing
coalition pulled off another regional election win on Monday,
near final results from Liguria in the northwest showed on
Monday, in a mid-term boost for the government.
    
    ECONOMY
    ISTAT releases Q3 wage inflation data (0900 GMT) and
September non-EU foreign trade data (1000 GMT).
    
    DEBT
    Treasury sells 1,75 billion euros 12-month BOT bills due
April 14, 2025 and 1,5 6-month BOT bills due March 31, 2025.
Subscriptions close at 1000 GMT.
    
    COMPANIES
    ENI  ENI.MI  
    Egypt's president met with the Italian energy group's CEO on
Monday to discuss moves aimed at supporting gas production, Eni
said after the African country was forced to turn to the
liquefied natural gas (LNG) market to cover domestic demand.
    
    AUTOMOTIVE, STELLANTIS  STLAM.MI   
    Prime Minister Giorgia Meloni plans to cut by some 4.6
billion euros ($5 billion) the funds set aside to support
Italy's automotive industry between 2025 and 2030, the text of
next year's budget showed, triggering widespread criticism.
    
    (*) IVECO  IVG.MI , LEONARDO  LDOF.MI 
    The Iveco Defence Vehicles (IDV) unit could enter as a
subcontractor the joint venture between Leonardo and Germany's
Rheinmetall  RHMG.DE , according to Il Sole 24 Ore newspaper.
The paper said on Tuesday it could take a 15-17% share of the
commissions from the jv, taken from the 50% attributed to
Leonardo.
    The paper also said talks in recent months between Leonardo
and the Agnelli family holding EXOR  EXOR.AS , which controls
IDV, over a possible acquisition of the unit have exposed large
price differences, with Leonardo valuing IDV about 750 million
euros and EXOR saying it is worth at least 1 billion euros. 
    
    (*) LEONARDO  LDOF.MI  
    A potential alliance combining the satellite activities of
Airbus  AIR.PA , Thales  TCFP.PA  and Leonardo could be
anticompetitive and threaten to create a monopoly in Europe, the
head German rival OHB  OHBG.DE  Marco Fuchs told the Financial
Times.
    (*) MONCLER  MONC.MI 
    The CEO of the Italian luxury clothing maker Remo Ruffini
sees great potential in the Chinese market in the medium-long
term, and urges not to focus on single quarters. In an interview
with MF daily published on Tuesday, the manager said he has no
doubts about a rebound of the Chinese market "also because of
the investments they are making themselves. There are great
possibilities".
     Board meeting on Q3 results, followed by conference call
(1700 GMT).
    
    (*) FINCANTIERI  FCT.MI  
    The Italian shipbuilder remains interested in a cooperation
with Germany's Thyssenkrupp Marine Systems (TKMS), which
Thyssenkrupp  TKAG.DE  is looking to divest, but the deal
depends on German decisions, Fincantieri CEO Pierroberto
Folgiero reiterated on Monday.
    
    (*) OLIDATA  OLI.MI 
    The Italian technology consultant announced on Monday its
anti-corruption certification had been confirmed following an
external audit commissioned after the resignation of its
chairman over a corruption investigation. In its statement, the
company reaffirmed its commitment to maximum transparency in its
operations. 

    (*) DIGITAL VALUE  DGV.MI 
    The IT service provider said in a statement on Monday it had
postponed the acquisition of Italtel, scheduled for Oct. 18, as
a consequence of a corruption case involving the company.
    
    DAVIDE CAMPARI  CPRI.MI 
    Board meeting on Q3 results, followed by conference call
(1730 GMT).
       
    IVS  IVS.MI 
    Second of two-day of suspension from trading on Euronext
Milan, ahead of delisting.
    
    DIARY
        Prime Minister Giorgia Meloni attends "Italy-Libya
Business Forum" in Tripoli, Libya (1100 GMT).
  
        Rome, cabinet meeting (1500).
  
        Rome, Economy Deputy Minister Maurizio Leo delivers
closing address at conference to present 11th study on tax
revenues and welfare funding (1330 GMT).
  
        Rome, Industry Minister Adolfo Urso attends national
association of ICT and digital companies ASSINTEL presentation
of 2024 report "The digital Made in Italy and Europe: scenarios
for growth and synergy" (1330 GMT).
  
        Rome, Environment and Energy Security Minister Gilberto
Pichetto Fratin and Industry Minister Adolfo Urso attend
conference on "Green transformation, investments and strategies"
(0900 GMT).
  
    Milan, third event 'Green & Net Zero' cycle on "Green
investments and circular economy"; expected attendees include
Industry Minister Adolfo Urso, European Investment Bank Vice
President Gelsomina Vigliotti.
    
    ((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/