Italy - Factors to watch on Nov. 28
28/11/2022 05:00
The following factors could affect Italian markets on Monday.
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 .
DEBT
ECB releases October data on Italian banks domestic
government bond holdings.
Treasury sells up to 5.0 billion euros new 3.40% BTP
bond due April 1, 2028 in exchange for following bonds: CCTeu
due July 15, 2023; 0.65% BTP due Oct. 15, 2023; zero coupon BTP
due Nov. 29, 2023; CCTeu due Dec. 15, 2023 and CCTeu due April
15, 2025.
COMPANIES
TELECOM ITALIA (TIM) TLIT.MI
Italian Prime Minister Giorgia Meloni has given one of her
top aides powers to oversee Rome's strategy on ultra-fast
broadband networks as the new right-wing government reviews
plans for the country's biggest telecoms company.
A government source on Sunday said Meloni will likely decide
as early as on Monday whether to give a green light to state
lender CDP's non binding offer for Telecom Italia (TIM)
TLIT.MI network.
The source said key government figures expressed
reservations over CDP's strategy on TIM ahead of a Nov. 30
deadline to submit a non binding bid for the former phone
monopoly network infrastructure.
According to a report by La Repubblica on Sunday, Meloni
decided to halt CDP's bid for the network.
ENERGY FIRMS
The derivative exposure of Italian energy firms stood at 87
billion euros ($90.5 billion) as of mid-November, sharply up
from 60 billion euros a year earlier, a central bank report
showed on Friday.
SNAM SRG.MI
Italy's government will fight a judicial appeal by the city
of Piombino against a key plan to install a new liquefied
natural gas (LNG) floating terminal in its port, the country's
energy and environment minister said on Friday.
ATLANTIA ATL.MI
A buyout offer launched by the Benetton family and U.S.
investment fund Blackstone for Italy's Atlantia has breached the
95% threshold, the bidders said on Friday, allowing them to
squeeze out the remaining investors.
MONCLER MONC.MI
The value of imports for fur clothing, accessories and other
items in the European Union has dropped more than 60% over the
past decade, animal welfare organisation Four Paws said on
Friday, as it called for a ban on fur farms.
LEONARDO LDOF.MI , IVECO IVG.MI
A consortium of defence group and commercial vehicle maker
has won an order to supply Brazil's army with 220 armoured
vehicles worth up to 2 billion euros ($2.08 billion), Italy's
defence minister said on Friday.
BANCA FINNAT EURAMERICA BFE.MI
De-listed as of Monday.
DIARY
State lender Cassa Depositi e Prestiti (CDP) Group holds
"Forum Multistakeholder 2022" online (1030 GMT); CDP President
Giovanni Gorno Tempini delivers opening address (1035 GMT); EU
Commission Vice President Frans Timmermans and Economy Minister
Giancarlo Giorgetti deliver istitutional addresses (1030 GMT);
savings banks association (ACRI) President Francesco Profumo
gives speech (1105 GMT); CDP CEO Dario Scannapieco delivers
closign address (1150 GMT).
Rome, government holds meeting with trade unions on
Telecom Italia (TIM) TLIT.MI and telecommunication sector
(1430 GMT).
Milan, Lombardy region holds event "Lombardy 2030";
expected attendees include Pirelli PIRC.MI CEO Marco
Tronchetti Provera (0830 GMT); FNM FNMI.MI Chairman Andrea
Gibelli, Open Fiber President Barbara Marinali (0930 GMT);
UniCredit CRDI.MI CEO Andrea Orcel (1015 GMT); Eni ENI.MI
CEO Claudio Descalzi (1025 GMT); A2A A2.MI CEO Renato
Mazzoncini, Webuild WBD.MI CEO Pietro Salini (1110 GMT);
Infrastructure and Transport Minister Matteo Salvini (1155 GMT);
Economy Minister Giancarlo Giorgetti; Environment and Energy
Security Minister Gilberto Pichetto Fratin (1430 GMT); Il Sole
24 Ore S24.MI CEO Mirja Cartia d'Asero (1535 GMT); Intesa
Sanpaolo ISP.MI CEO Carlo Messina (1610 GMT); Maire Tecnimont
MTCM.MI Chairman Fabrizio Di Amato; STMicroelectronics
STM.MI Chairman Giuseppe Notarnicola (1610 GMT).
Milan, A2A A2.MI holds inauguration ceremony of the
new San Cristoforo primary electricity cabin serving the
Metropolitan City with CEO Renato Mazzoncini (1400 GMT).
Turin, Stellantis STLA.MI holds "Lancia Design Day"
with Lancia Brand CEO Luca Napolitano (1000 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/