Italy - Factors to watch on March 13

Erg SA

13/03/2024 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 Q4 labour market data (0900 GMT).
    
    DEBT
    Treasury sells following BTP bonds: 2.5-3.0 billion euros
2.95% due Feb. 15, 2027; 2.5-3.0 billion euros 3.50% due Feb.
15, 2031; 1.0-1.25 billion euros 3.25% due March 1, 2038;
1.0-1.25 billion euros 4.0% Green bonds due Oct. 30, 2031.
Subscriptions close at 1000 GMT.
    
    COMPANIES
    TOD'S  TOD.MI 
    The Italian luxury group said on Tuesday its operating
profit rose to 94.7 million euros ($103.3 million) last year
from 58.2 a year earlier, ahead of L Catterton's offer aimed at
delisting the company.
    A company executive told analysts sales grew in January and
February in all regions but China, where they were slightly
down.
    
    MEDIOBANCA  MDBI.MI 
    The Italian bank sold on Tuesday 500 million euros of senior
non-preferred bonds with a 6-year maturity.  
    
    BANCO DI DESIO  DESI.MI  
    The regional bank said on Tuesday it would submit to
shareholders a buyback plan on up to 3% of share capital, for up
to 20.2 million euros.
    
    LAZIO  LAZI.MI 
    The club's head coach Maurizio Sarri has tendered his
resignation after a string of negative results, Italian media
reported on Tuesday. 
    
    ENI  ENI.MI 
    Eni said on Tuesday it completed the sale of some upstream
assets in Congo to Anglo-French oil firm Perenco. Last year,
when it announced the deal, Eni said the transaction was worth
around $300 million.
    
    ERG  ERG.MI 
    Releases FY results (0700 GMT), followed by conference call
(0930 GMT).
    
    DIARY
    UniCredit  CRDI.MI  CEO Andrea Orcel speaks via videolink at
Morgan Stanley financial conference (0700 GMT).
    Rome, conference "The Tax Reform - Implementation and
perspectives - approved implementing decrees, 2024 objectives,
new single texts" with Prime Minister Giorgia Meloni, Economy
Minister Giancarlo Giorgetti, Deputy Economy Minister Maurizio
Leo (0930 GMT).
    Rome, Poste Italiane  PST.MI  CEO Matteo Del Fante speaks
before Chamber of Deputies Transport Committee on the sale of a
stake held by the Economy Ministry in the Poste Italiane (1345
GMT). 
        Rome, European Affairs and National Recovery and
Resilience Plan (NRRP) Minister Raffaele Fitto speaks before
Senate on the state of implementation of the NRRP (0900 GMT).
  
    Rome, Environment and Energy Security Minister Gilberto
Pichetto Fratin attends forum on sustainable intermodality (0900
GMT).
    Rome, Telecom Italia  TLIT.MI  (TIM) meets union
representatives (0900 GMT).
    Milan, ECB board member Piero Cipollone gives speech at
Politecnico University event "Innovative Payments: between
awareness and digital evolution" (1150 GMT).
    Milan, Top Utility 2024 12th edition "Utilities, governing
complexity" (0830 GMT); expected attendees include Energy
Authority (ARERA) President Stefano Besseghini, Utilitalia
President Filippo Brandolini, Environment and Energy Security
Minister Gilberto Pichetto Fratin (0930 GMT).
    Florence, Prime Minister Giorgia Meloni signs 'Agreement for
development and cohesion between the government and Tuscany
region' (1500 GMT).
    Venice, Industry Minister Adolfo Urso gives speech at
"Venezia Brevetti 550 - Inauguration of the celebrations for the
550th anniversary of the first European law on industrial
property" (1000 GMT).
    Verona, G7 'Industry, technology and digital' summit starts;
ends on March 15.
    Verona, B7 "Industry Stakeholder Conference" with B7
President Emma Marcegaglia, Industry Minister Adolfo Urso (1400
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/