Italy - Factors to watch on Feb. 3
The following factors could affect Italian markets on Friday.
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
Italy's cabinet on Thursday gave a first green light to a contested plan allowing regions to obtain more powers, in a move critics say will benefit the wealthy north and deal a fresh blow to the poorly developed south.
ECONOMY
January services PMI S&P Global data (0845 GMT).
ENERGY
Italy's regulated consumer gas prices were down 34.2% in January compared to the month before, energy authority ARERA said on Thursday.
COMPANIES
(*) TELECOM ITALIA (TIM) TLIT.MI
After a meeting on Thursday over KKR's approach for TIM's fixed-line network, Italy's biggest phone group said its board would regroup on Feb. 24 to decide over the proposal, without providing details over its terms.
State lender CDP is still planning to bid for TIM's landline grid after KKR KKR.N made a multi-billion preliminary offer for the same asset, two sources close to the matter told Reuters.
KKR wants the Italian state to be a significant shareholder as part of its offer for TIM's fixed-line network, the Financial Times reported citing two people with knowledge of the matter.
FERRARI RACE.MI
A procession of new models will continue to boost earnings at Ferrari, the Italian luxury sports car maker said on Thursday, as it promised "even stronger" results this year after a 16% jump in 2022 core earnings.
CNH INDUSTRIAL CNHI.MI
The farming and construction machine maker said on Thursday its 2023 net sales of industrial activities would grow by 6-10%, after the group posted stronger-than-expected results in the last quarter of 2022.
(*) PIRELLI PIRC.MI
Morgan Stanley raised its rating on the stock to 'overweight' from 'equal-weight'.
(*) SARAS SRS.MI
Investor Angelo Moratti said he had not implemented any divestment strategy from the company in the so-called funded collar contract signed with BofA Securities Europe (BofASE) related to up to 47.6 million shares. BofASE, in total independence from Moratti, completed an accelerated book-building transaction selling Saras shares at 1.54 euros per share.
(*) JUVENTUS JUVE.MI, LAZIO LAZI.MI
Gleison Bremer scored the winner as Juventus beat Lazio 1-0 on Thursday to reach the Coppa Italia semi-finals.
INTESA SANPAOLO ISP.MI
Board meeting on FY results; followed by conference call with analysts (1400 GMT) and presentation to the press (1630 GMT).
DIARY
Berlin, Prime Minister Giorgia Meloni meets German Chancellor Olaf Scholz (1330 GMT); followed by joint statement (1530 GMT).
ASSIOM FOREX starts 29th congress online (0815 GMT); ends on Feb. 4 in presence in Milan.
Rome, Aspen Institute Italia and The Aspen Institute France hold closed-door conference "Italy and France one year after the 'Quirinal Treaty'. The challenges of sovereignty and geopolitical challenges" (0830 GMT); expected attendees include Foreign Minister Antonio Tajani, Economy Minister Giancarlo Giorgetti, Industry Minister Adolfo Urso, Eni ENI.MI CEO Claudio Descalzi, Vivendi VIV.PA Chairman Arnaud De Puyfontaine, French President Emmanuel Macron.
Milan, Cattolica University holds a book presentation "History of the Bank of Italy. Formation and evolution of a central bank, 1893-1943" (1330 GMT) attendees include Bank of Italy Governor Ignazio Visco, UniCredit CRDI.MI Chairman Pier Carlo Padoan.
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/
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