Italy - Factors to watch on June 6



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The following factors could affect Italian markets on Tuesday.

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.


ENERGY

Italy's regulated household gas prices fell 0.2% in May compared to the previous month, the country's energy authority ARERA said in a statement on Monday.


DEBT

Italy raised more than 5.4 billion euros from the sale of its new 'BTP Valore' bond on the first day of the offer, Milan bourse data showed on Monday, as Rome tries to increase private Italians' holdings of the country's debt.

The offer ends on June 9, barring a possible early closure.

Treasury announces the amounts of 12-month BOT bills to be auctioned on June 9.


COMPANIES

PIRELLI PIRC.MI

The government on Tuesday hears representatives of the tryremaker and its Italian shareholder Camfin as part of its investigation into a new governance agreement at the group between Camfin and Chinese investor Sinochem, under Rome's "golden power" rules, two sources close to the matter told Reuters.

(*) Italy's government is set to make a decision by June 23, on how to use its golden power rules, Il Sole 24 Ore reported on Tuesday. A request to cut Sinochem's stake could be among the options, the paper says.


UNICREDIT CRDI.MI

The market for risky perpetual bonds that banks count towards their capital will recover, the Italian lender's Chief Executive Andrea Orcel said on Monday, adding that only at that time will his bank replace an issue it redeemed this month.

Orcel said on Monday he would be "definitely up for more," when asked about whether he would seek a new mandate at the helm of group.


(*) BANCA MONTE DEI PASCHI (MPS) BMPS.MI, BPER EMII.MI

Italy's Treasury is keen on a merger between MPS and peer BPER, La Repubblica daily reported on Tuesday, adding that BPER's main shareholders have a preliminary green-light to the deal.

The remove possible obstacles to the deal, UniCredit CRDI.MI and southern Italian bank MCC could take up to 25% of the Tuscan lender's branches, the paper said. It added, however, that time was still not ripe for such an accord.


(*) MFE-MEDIAFOREUROPE MFEB.MI, MFEA.MI (MFE), RAI WAY RWAY.MI

A potential merger between broadcasting tower company Rai Way and its peer EI Towers, which is 60%-owned by Italian infrastructure fund F2i and MFE, is back on the table after new top appointments at the state-controlled company, according to La Repubblica daily.


(*) DIASORIN DIAS.MI

Italy's market watchdog has fined the Italian diagnostics group 100,000 euros in connection with an alleged breach to disclose obligations relating to inside information, the company said in a statement late on Monday, adding it had appealed against the decision.

(*) LEONARDO LDOF.MI

The Italian defence group has recently completed the acquisition of a 10% stake in drone company FlyingBasket, Il Sole24 Ore daily reported.


FERRARI RACE.MI

The luxury carmaker's Chief Executive Benedetto Vigna said on Monday it had no plans to purchase other sports car makers.


STELLANTIS STLAM.MI

Economy Minister Giancarlo Giorgetti suggested on Monday Italy has no need to directly invest in the carmaker as the group is doing well, echoing similar comments made last week by Stellantis' chairman.

DIARY

Paris, President Sergio Mattarella starts his official visit; ends on June 7.

Tunis, Prime Minister Giorgia Meloni on official visit (0800 GMT).

Rome, Camfin and Pirelli PIRC.MI top management speak before Cabinet in order to reach a decision on the legitimacy of the Chinese participation by June.

Rome, Prime Minister Giorgia Meloni attends presentation of the Italian candidacy for Einstein Telescope (1400 GMT).

Rome, Bank of Italy and ISTAT hold conference "The long view: the demographic dividend in the analysis of the Italian economy"; Bank of Italy Governor Ignazio Visco and acting ISTAT President Francesco Maria Chelli deliver welcome addresses(1300 GMT).

Milan, banking association ABI starts 'Supervision risks & profitability' "Managing risks, looking ahead"; ends on 7 June. On Tuesday expected attendees include ABI Director Generali Giovanni Sabatini (0715 GMT).

Milan, 2nd edition "Young Innovators Business Forum" (0700 GMT) with welcome addresses via videoconference by Environment Minister Gilberto Pichetto Fratin (0740 GMT); expected attendees include A2A A2.MI CEO Renato Mazzoncini (0900 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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