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Italy - Factors to watch on May 16



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The following factors could affect Italian markets on Thursday.

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

ISTAT releases April CPI final data (0800 GMT); March foreign trade data (0900 GMT).


DEBT

Foreign investors bought 76.9% of Italy's new green BTP bond, due October 2037, the Italian Treasury said on Wednesday. Around 350 investors took part in the transaction which attracted record orders for over 84 billion euros ($91.11 billion).


COMPANIES

(*) SNAM SRG.MI

The Italian gas grid operator on Thursday raised its guidance for core earning and net income for 2024 after reporting stronger-than-expected results in the first quarter.


(*) JUVENTUS JUVE.MI

The Turin club beat Atalanta 1-0 to win a record-extending 15th Coppa Italia on Wednesday, as an early strike by Dusan Vlahovic earned Massimiliano Allegri's side their first trophy in three years.


TELECOM ITALIA TLIT.MI

U.S. investment firm KKR KKR.N will likely offer remedies next week in an attempt to secure EU antitrust approval to buy the Italian telecoms group's fixed-line access network, a person familiar with the matter said on Wednesday.


IREN IREE.MI

The Italian utility could name a new CEO at its annual general meeting in June, replacing the current head Paolo Emilio Signorini who was arrested last week as part of a corruption investigation, Executive Chairman Luca Dal Fabbro said during a post-results call on Wednesday.

(*) ENI ENI.MI

Italy's Treasury on Wednesday sold a 2.8% stake in the Italian energy group, pocketing around 1.4 billion euros in its drive to raise cash to bolster the country's creaking public finances.

Eni reduced net carbon emissions in the upstream sector by 40% and overall emissions by 30% last year compared with 2018 levels, the company said on Wednesday as it published its sustainability report.


TOD'S TOD.MI

Turnover at Italian luxury shoemaker fell by 4.7% at constant exchange rates in the first quarter to 258 million euros ($280 million), with its key brands hit by weakness in the Chinese market, the company said on Wednesday.


MONTE DEI PASCHI (MPS) BMPS.MI

Moody's upgraded the lender's ratings by one notch thanks to a strong capital position and capacity to generate profits, Monte Paschi said on Wednesday.


POSTE ITALIANE PST.MI

Operating profit at the state-owned postal service fell 8% in the first quarter despite slightly higher revenues, the company said on Wednesday, due to the sharp gains it pocketed a year ago when it sold some of its Italian government bonds.


ERG ERG.MI

The Italian energy company on Wednesday published a new 2024-2026 business plan, under which it pledges to pay a dividend of up to 1.3 euros ($1.41) and invest up to 1.2 billion euros.

'Capital Market Day' on Q1 results and 2024-2026 business plan online (1230 GMT).


D'AMICO INTERNATIONAL SHIPPING B7C.MI

(*) The majority shareholder, D'Amico International, has sold around 5% of the Luxembourg-based international shipping company for 6.50 euros per share through an accelerated book building process.


DIARY

Rome, Bank of Italy Governor Fabio Panetta delivers introductory remarks at public lecture with 2011 Economics Nobel Prize winner Thomas J. Sargent (0900 GMT).

Rome, "Catering Day: for the culture of Italian hospitality" with Foreign Minister Antonio Tajani, Agriculture Minister Francesco Lollobrigida, Industry Minister Adolfo Urso, trade association Confcommercio President Carlo Sangalli (0800 GMT).

Rome, Sole24Ore presents conference "Complex laws, obstacle solutions, citizens in difficulty - The 40 years of 'Esperto risponde'"; followed by focus on taxation with an interview with Economy Deputy Minister Maurizio Leo (0730 GMT).

Milan, Intesa Sanpaolo ISP.MI and Fincantieri FCT.MI hold conference "Accelerating the Transition in the Maritime and Aviation Sectors" (0800 GMT); Fincantieri CEO Pierroberto Folgiero and Mauro Micillo from Intesa Sanpaolo deliver opening addresses (0800 GMT); message by Industry Minister Adolfo Urso (0815 GMT).

Milan, A2A A2.MI and Fiera Milano FIMI.MI Foundation present photovoltaic system at Fiera Milano with A2A CEO Renato Mazzoncini, Fiera Milano Foundation President Enrico Pazzali, Fiera Milano CEO Francesco Conci (0900 GMT).

Florence, 15th edition 'Labour Festival' "Work ethics and safety in the age of AI" starts (1300 GMT); ends on May 18. On Thursday expected attendees include Prime Minister Giorgia Meloni (1330 GMT); Labour Minister Marina Calderone (1340 GMT); Foreign Minister Antonio Tajani (1410 GMT); Cabinet Undersecretary Alessio Butti (1430 GMT); European Affairs and National Recovery and Resilience Plan (NRRP) Minister Raffaele Fitto (1530 GMT).



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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