Italy - Factors to watch on March 23
23/03/2022 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 .
GENERAL
Italy reported 96,365 COVID-19 related cases on Tuesday,
against 32,573 the day before, the health ministry said, while
the number of deaths rose to 197 from 119. urn:newsml:reuters.com:*:nR1N2UM02I
POLITICS
Ukrainian President Volodymyr Zelenskiy urged Italy on
Tuesday to seize a mystery yacht worth some $700 million that
has been linked to Russian President Vladimir Putin.
urn:newsml:reuters.com:*:nL5N2VP4TJ
ECONOMY
EU companies affected by sanctions against Russia over its
invasion of Ukraine can get up to 400,000 euros ($441,320) in
state aid, according to a European Commission document seen by
Reuters. urn:newsml:reuters.com:*:nL5N2VP4OF
COMPANIES
SAIPEM SPMI.MI
Cornerstone investors Eni and CDP together with a pool of
banks are ready to advance 1.5 billion euros of an overall 2
billion euro capital increase to rescue troubled Italian energy
service group Saipem, two sources said on Tuesday. Conditions
are not right for the capital increase to be carried out at the
moment due to market volatility after Russia's invasion of
Ukraine, the sources said. urn:newsml:reuters.com:*:nL2N2VP2T8
FERRARI RACE.MI
The luxury sports carmaker will invest up to about 500
million euros ($550 million) in its Maranello and Modena plants
in central Italy by 2025 to support new technologies and create
250 jobs, the local Emilia-Romagna region said on Tuesday.
urn:newsml:reuters.com:*:nL5N2VP4SV
SNAM SRG.MI
Italy is looking to install two floating storage and
regasification units (FSRU) to boost liquefied natural gas (LNG)
imports as part of plans to cut reliance on Russian gas, Italy's
energy transition minister said on Tuesday. urn:newsml:reuters.com:*:nL2N2VP1YP
TELECOM ITALIA TLIT.MI
U.S. fund KKR is expected to reply to letter by TIM
requesting clarifications over the structure and the terms of a
takeover approach by Wednesday, a source familiar with the
matter said. No breakthrough on negotiations is expected in the
short-term, the source added.
ATLANTIA ATL.MI
The infrastructure group said on Tuesday it approved and
posted on its website a responsible lobbying policy focusing in
particular on climate change and on social and environmental
sustainability.
POSTE ITALIANE PST.MI
The state-controlled group releases FY results (before
Bourse opening), followed by conference call to present FY
results and to update its strategic plan (1100 GMT). It holds an
online news conference (1430 GMT).
HERA HRA.MI
Board meeting on FY results.
FINCANTIERI FCT.MI
Board meeting on FY results.
INTERCOS ICOS.MI
Board meeting on FY results, followed by conference call
(1730 GMT).
TECHNOGYM TGYM.MI
Board meeting on FY results, followed by conference call.
DIARY
Rome, Prime Minister Mario Draghi speaks before Chamber of
Deputies (0800 GMT) and Senate (1430 GMT) ahead of EU council
meeting.
Il Sole 24 Ore holds "Hydrogen Forum, hydrogen and
renewables for the Country's green future and economic
development" online (0815 GMT); expected attendees include Snam
SRG.MI CEO Marco Alvera, Enel ENEI.MI Green Power unit CEO
Salvatore Bernabei, Iren IREE.MI Chairman Rento Boero, Maire
Tecnimont MTCM.MI CEO Pierroberto Folgiero, Italgas IG.MI
CEO Paolo Gallo, A2A A2.MI CEO Renato Mazzoncini.
Milan, "Bloomberg Italy Capital Markets Forum 2022";
attendees include EU Economy Commissioner Paolo Gentiloni,
Anima Holding ANIM.MI CEO Alessandro Melzi d'Eril, Illimity
ILTY.MI CEO Corrado Passera, Economy Minister Daniele Franco,
state lender CDP CEO Dario Scannapieco, Telecom Italia TLIT.MI
(TIM) CEO Pietro Labriola, Snam SRG.MI CEO Marco Alverà, Bank
of Italy Governor Ignazio Visco (1330 GMT).
Rome, Industry Minister Giancarlo Giorgetti and Deputy
Industry Minister Gilberto Pichetto Fratin hold meeting with Eni
ENI.MI top management, on the future of Eni Versalis (1600
GMT).
Aspen Institute Italian unit holds Aspenia Talk online panel
"The future of currency" with Bank of Italy representative
Massimo Doria, UniCredit CRDI.MI Chairman Pier Carlo Padoan
(1700 GMT).
"Euronext STAR Conference 2022" continues; ends on March 24.
((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/