Italy - Factors to watch on May 23
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.
POLITICS
G7 finance chiefs meeting in Italy this week will attempt to find common ground over how to use frozen Russian assets to help Ukraine's war effort and how to address China's growing export strength in key markets, officials said.
DEBT
Treasury announces the sale of BTP Short and BTPei bonds, with relative amounts to be auctioned on May 28.
COMPANIES
(*) ENI.MI ENI.MI
The Italian energy group is mulling a sale of a 20% stake in its sustainable mobility unit Enilive as it received expressions of interest from potential suitors, Bloomberg News said citing people familiar with the matter. Italian daily Corriere della Sera said on Thursday the potential suitors include U.S. fund BlackRock, Canada's Brookfield, and Australia's Ifm and Macquarie.
(*) STELLANTIS STLAM.MI
The automaker announced on Thursday the launch of the second tranche of its 2024 buyback programme, covering an amount of up to 1 billion euros. The second tranche will start on May 23 and end no later than Aug. 30, the company said.
(*) BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
The Treasury is considering the sale of up to 16% of the bank via an accelerated placement and also through a direct sale, Italian daily Il Sole 24 ore said on Thursday, citing sources.
(*) MFE-MEDIAFOREUROPE MFEB.MI
The TV group controlled by Italy's Berlusconi family reported a 21.8% annual increase in its operating profit in the three months through March as advertising revenue rose in its Italian and Spanish markets.
ENEL ENEI.MI
Annual general meeting (1200 GMT).
FINCANTIERI FCT.MI
The Italian shipbuilder will expand its cooperation with Saudi Arabia through its new unit Fincantieri Arabia, the group said on Wednesday.
(*) WEBUILD WBD.MI
Salini S.p.A placed an offering of 225 million euros secured bonds due 2028 with a 4% coupon, exchangeable into Webuild ordinary shares.
(*) BFF BANK BFF.MI
Rating agency Moody's placed the group on review for a downgrade of all ratings and assessments saying the review will primarily focus on implications of Bank of Italy's recent findings and remediation measures. The central bank ordered earlier this month the group to halt dividend and bonus payments over potential misclassification of credits.
JUVENTUS JUVE.MI
The Italian soccer club is set to appoint Bologna's Thiago Motta as its new coach, according to multiple Italian media reports.
Juventus Women have appointed Massimiliano Canzi as new manager for next season, as they look to get back to winning league titles, the club announced on Wednesday.
DIARY
Stresa, G7 Finance ministers' meeting starts; ends on May 25. Meeting chaired by Italian Economy Minister Giancarlo Giorgetti.
Rome, annual event 'Forum PA' ends (0700 GMT); on Thursday expected attendees include National Cybersecurity Agency's (CAN) Director General Bruno Frattasi, Cabinet Undersecretary Alessio Butti, European Affairs and National Recovery and Resilience Plan (NRRP) Minister Raffaele Fitto.
Rome, business lobby Confindustria newly-appointed President Emanuele Orsini holds news conference (1100 GMT).
Florence, European University Institute (EUI) starts 14th edition "The State of the Union 2024" (1145 GMT); ends on May 24. On Thursday expected attendees include Portugal President Marcelo Rebelo de Sousa, EU Commission Vice President for Democracy and Demography Dubravka Suica, Poste Italiane PST.MI Chairwoman Silvia Rovere.
Trento, 19th edition 'Economy Festival' starts (0730 GMT); ends on May 26. On Thursday expected attendees include Infrastructure and Transport Minister Matteo Salvini (0745 GMT); Althesys CEO Alessandro Marangoni, Centro Studi Promotor President Giovanni Primo Quagliano (1200 GMT); Sport and Youth Minister Andrea Abodi (1245 GMT); Economy Minister Giancarlo Giorgetti via videoconference (1300 GMT); Caltagirone CALI.MI Group Chairman Francesco Gaetano Caltagirone (1415 GMT); Health Minister Orazio Schillaci (1345 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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