Italy - Factors to watch on March 15
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
The Italian government's plan to reduce current income tax bands from four to three within two years got a hostile response from the trade unions on Tuesday, who argued it would mainly benefit the wealthiest.
Bank of Italy releases January data on public finances, state borrowing and debt.
(*) TELECOM INDUSTRY
Italian telecoms operator Wind Tre is planning to spin-off its network assets into a separate company as it resumed talks with Swedish private equity firm EQT EQTAB.ST over a potential sale, two sources familiar with the matter said.
BANKS
Deposits with Italian banks shrank by 39.7 billion euros ($42.6 billion) in February as the country's businesses continued to reduce the excess funds they had precautionary stashed with lenders up to mid-2022, national banking lobby ABI said.
(*) The collapse of Silicon Valley Bank (SVB) "has no possibility of creating a systemic crisis in the U.S. or Europe", Gian Maria Gros-Pietro, the Chairman of Italy's biggest lender Intesa Sanpaolo told La Stampa daily.
Gros-Pietro also warned it would be a "serious mistake" for the ECB to raise interest rates too much and said Italian banks are healthy, having "increased all health indicators" in recent years.
COMPANIES
TELECOM ITALIA TLIT.MI
The phone group is expected on Wednesday to ask Italian state lender CDP and Australian fund Macquarie to improve their bid for its fixed network assets, four sources said on Tuesday.
INTESA SANPAOLO ISP.MI
Retail deposits at the Italian bank are stable while rising interest rates are stoking competition to retain deposits of businesses and very wealthy individuals, the head of group treasury and finance at the Italian bank said on Tuesday.
(*) The bank is not offering higher remuneration on its retail deposits and has only moved to pass on higher interest rates to its key corporate customers, its finance chief told investors on Tuesday according to a person who attended the meeting.
(*) TECHNOPROBE
The Italian microelectronics company said on Wednesday it has regained "full availability" of the funds it held at failed U.S. lender Silicon Valley Bank (SVB).
(*) BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
The board of the Italian lender said in a document filed ahead of the April 20 shareholders' meeting that current remuneration packages for board members are inadequate.
(*) LEONARDO LDOF.MI
The Italian defence group, Mitsubishi Electric, Leonardo UK and Elettronica have agreed to forge a closer business relationship and assess appropriate commercial and international operating models, readying the partners for the next stage of the Global Combat Air Programme, a joint statement said.
JUVENTUS JUVE.MI
UEFA has requested additional information to Italian prosecutors on their inquiry over the Serie A club finances based on recent investigations, the European soccer governing body said on Tuesday, adding it had no further comments at this stage.
BANCA POPOLARE DI SONDRIO BPSI.MI
Credit ratings agency Scope said on Tuesday it had upgraded the Italian bank to "BBB" FROM "BBB-". Scope changed the outlook to "stable" from "positive".
(*) SANLORENZO SNL.MI
The Italian yacht maker said on Tuesday that net revenues from sales of new yachts rose 26.4% year-on-year to 740.7 million euros in 2022, while adjusted core earnings were up 36.3% from 2021.
In its 2023-2025 business plan, the company said it was targeting an high single-digit Compound Annual Growth Rate as well as investments of between 143-155 million euros over the three-year period.
ERG ERG.MI
(*) The Italian renewable energy group posted adjusted core earnings of 537 million euros for 2022 and an adjusted net profit from continuing operations of 216 million euros.
It also raised its 2022-2026 plan goals, targeting investments of 3.5 billion euros and a dividend of 1 euro per share over the period.
Conference call on FY results (1000 GMT).
TERNA TRN.MI
Presents "2023 Development Plan" with CEO Stefano Donnarumma; energy authority ARERA President Stefano Besseghini delivers speech; Environment and Energy Security Minister Gilberto Pichetto Fratin delivers closing address (1000 GMT).
TELECOM ITALIA (TIM) TLIT.MI
Board meeting on FY results (preliminary FY results released on Feb. 14).
ENAV ENAV.MI
Board meeting on FY results, followed by conference call (1500 GMT).
SARAS SRS.MI
Board meeting on FY results, followed by conference call (1500 GMT).
BRUNELLO CUCINELLI BCU.MI
Board meeting on FY results (preliminary FY results released on Jan. 9) followed by conference call (1700 GMT).
SNAM SRG.MI
Board meeting on FY results, press release on March 16.
DIARY
UniCredit CRDI.MI CEO Andrea Orcel gives speech at "Morgan Stanley Conference" online (0800 GMT).
AIFI and PwC Italia hold "Presentation private equity and venture capital market annual data" with AIFI President Innocenzo Cipolletta, AIFI Director General Anna Gervasoni (1000 GMT).
Rome, EU Affairs, South and PNRR Minister Raffaele Fitto speaks before Senate and Chamber of Deputies Budget committees on the report on the state of implementation of European and national cohesion policy '2014-2020 Planning' (1230 GMT).
Rome, Chamber of Deputies holds question time session; Prime Minister Giorgia Meloni expected to attend (1400 GMT).
Rome, government convenes trade associations and professional orders for a meeting on proposed income tax reform (0830 GMT).
Rome, Centro Studi Eutekne holds conference on "Building bonuses and discount and transfer options"; Economy Minister Giancarlo Giorgetti gives speech (1150 GMT).
Rome, Industry Minister Adolfo Urso attends banking association ABI Executive Committee meeting (0900 GMT).
Rome, during 'World Consumer Rights Day' Industry Undersecretary Massimo Bitonci attends event "Consumer Energy Transition"; Industry Minister Adolfo Urso delivers closing address (1130 GMT).
Rome, 10th annual report presentation on 'Real estate market and energy efficiency'; expected attendees include national agency for technologies, energy and environment ENEA Energy Efficiency Department Unit Director Ilaria Bertini, banking association ABI Vice Director General ABI Gianfranco Torriero.
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/
Kapcsolódó eszközök
Legfrissebb hírek
Felelősségkizáró nyilatkozat: Az XM Group entitásai csak végrehajtási szolgáltatást és online kereskedési platformunkhoz való hozzáférést biztosítanak, ami lehetővé teszi, hogy a felhasználók megtekinthessék és/vagy felhasználhassák a honlapon vagy azon keresztül elérhető tartalmakat, amelyek nem módosíthatók és nem egészíthetők ki. A hozzáférés és felhasználás mindig a következők függvénye: (i) Felhasználási feltételek; (ii) Kockázati figyelmeztetés; valamint (iii) Teljes felelősségkizáró nyilatkozat. Az ilyen tartalmakat ezért csupán általános információként biztosítjuk. Külön felhívjuk figyelmét arra, hogy az online kereskedési platformunkon található tartalmak nem felhívások vagy ajánlatok tranzakciókba történő belépésre a pénzügyi piacokon. A pénzügyi piacokon folytatott kereskedés jelentős kockázattal jár a tőkéjére nézve.
Az online kereskedési platformunkon közzétett anyagok kizárólag oktatási / tájékoztatási célt szolgálnak, és nem tartalmaznak (nem tekinthető úgy, hogy tartalmaznak) pénzügyi, befektetési adóügyi vagy kereskedési tanácsokat vagy ajánlásokat, illetve kereskedési áraink jegyzékét, vagy bármilyen pénzügyi instrumentummal végrehajtott tranzakcióra vonatkozó ajánlatot vagy felhívást, vagy Önnek szóló kéretlen pénzügyi promóciókat.
Az ezen a honlapon szereplő, külső felektől származó, valamint az XM által készített tartalmak, például vélemények, hírek, kutatások, elemzések, árak és egyéb információk vagy külső felek oldalaira utaló hivatkozások „jelenlegi állapotukban”, általános piaci magyarázatként jelennek meg, és nem minősülnek befektetési tanácsnak. Amennyiben bármely tartalom befektetéssel kapcsolatos kutatásként értelmezhető, meg kell értenie és el kell fogadnia, hogy a tartalom nem a befektetéssel kapcsolatos kutatás függetlenségének előmozdítására szolgáló jogi követelmények szerint készült, következésképpen a vonatkozó törvények és jogszabályok szerint marketingkommunikációnak minősül. Kérjük, feltétlenül olvassa el és értse meg a fenti információkkal kapcsolatos „nem független befektetéskutatással kalcsolatos tájékoztatónkat” és a kockázati figyelmeztetésünket, amelyek itt érhetők el.
