Italy - Factors to watch on Oct. 9

Il Sole 24 Ore SpA

09/10/2023 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
    The strong orders for Italy's new bond reserved for retail
investors offered welcome relief on Friday after a rising budget
deficit had forced it to hike its debt issuance for the last
part of the year.
     Italy is paying the price for raising its deficit targets
via higher borrowing costs, European Central Bank policymaker
Klaas Knot said on Friday, telling governments to tighten their
purse strings or face "market discipline".
       
    Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on Oct. 12.
    
    COMPANIES
    MONTE DEI PASCHI  BMPS.MI 
    Italy's economy ministry said on Friday it had kicked off
the process to pick financial and legal advisers to help it cut
its controlling stake in the Tuscan bank.
    
    TELECOM ITALIA  TLIT.MI 
    The Italian Treasury is keen to implement a plan agreed with
U.S. fund KKR  KKR.N  to bid for Telecom Italia's (TIM) landline
grid, a source with knowledge of the matter said on Sunday.
    Earlier, La Repubblica newspaper said the Treasury was
considering an alternative proposal put forward by TIM's main
shareholder, Vivendi  VIV.PA , that did not involve the sale of
the grid, dubbed NetCo. The source denied the report.
    
    UNIPOL GRUPPO  UNPI.MI , BANCA POPOLARE DI SONDRIO  BPSI.MI 
    Italy's financial group Unipol said in a regulatory filing
on Friday it had no plans to buy additional shares in Banca
Popolare di Sondrio in the next six months or exert even de
facto control over the bank.
    
    JUVENTUS  JUVE.MI 
    Italy's most successful soccer club said on Friday it would
ask shareholders for up to 200 million euros of fresh capital as
it posted another yearly loss and predicted it would stay in the
red this fiscal year. Parent company Exor  EXOR.AS , the
investment arm of the Agnelli family, will support the capital
increase, Juventus said.
    Juventus scored twice from corners to secure a 2-0 home
victory over local rivals Torino on Saturday.
        
    DIARY
    Strasbourg, Bank of Italy Vice Governor Piero Cipollone
speaks before European Parliament.
    15th edition "Tuttorisparmio 2023" online; expected
attendees include Bak of Italy's Magda Bianco, Il Sole 24 Ore
 S24.MI  CEO Mirja Cartia D'Asero, market regulator CONSOB
Commissioner Federico Cornelli (from 0730 GMT).
    Rome, The Pontifical Gregorian University starts
international conference "New documents from the Pontificate of
Pope Pius XII and their Meaning for Jewish-Christian Relations:
A Dialogue Between Historians and Theologians" (to Oct. 11).
        Milan, "e_mob" event; attendees include RSE CEO Franco
Cotana, Prsident of energy authority ARERA Stefano Besseghini,
President of state-run power management agency Gestore Servizi
Energetici (GSE) Paolo Arrigoni (1215 GMT).
    Florence, meetings of cultural diplomacy start; end on Oct.
11. On Monday attendees include Florence Mayor Dario Nardella,
Foreign Minister Antonio Tajani, University and Research
Minister Anna Maria Bernini, Tourism Minister Daniela Santanchè
(0830 GMT).
    Reggio Calabria, Interior Minister Matteo Piantedosi attends
Provincial Public Order and Security Committee (1300).
    Turin, Juventus  JUVE.MI  holds event "Trophies Temple, a
new space for future successes and JuventUS exhibition" (1500
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/