share_log

Italy - Factors to watch on Oct. 27

reuters ·  Oct 27, 2021 00:00

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 .

GENERAL

Italy reported 48 coronavirus-related deaths on Tuesday against 30 the day before, the health ministry said, while the daily tally of new infections rose to 4,054 from 2,535.

ECONOMY

ISTAT releases September non-EU foreign trade (0800 GMT).

DEBT

Treasury sells 6.0 billion euros new six-month BOT bills. Subscriptions close at 0900 GMT.

COMPANIES

STELLANTIS STLA.MI

Fiat Chrysler Automobiles is nearing an agreement to plead guilty to criminal conduct to resolve a multiyear emissions fraud probe surrounding Ram pickup trucks and Jeep sport-utility vehicles with diesel engines, people familiar with the matter said.

Stellantis and unions reached an agreement on Tuesday on a planned restructuring of the group's production in the Italian city of Turin, which will be completed by mid-January, FIM, UILM, FISMIC, UGLM and AQCFR unions said.

MONTE DEI PASCHI BMPS.MI

Italy plans to negotiate with the European Commission a "long extension" of the deadline to cut Rome's 64% stake in ailing bank Monte dei Paschi di Siena, a source close to the matter told Reuters. The extension to be requested by the Treasury would amount to "years," the source said, without detailing.

ENI ENI.MI

The Italian energy group and private equity firm HitecVision said on Tuesday they could list Norwegian oil and gas producer Vaar Energi as part of a strategic review of their joint venture.

Egypt's petroleum ministry said on Tuesday Eni Eni had made three oil and gas discoveries in the western desert with confirmed reserves amounting to about 50 million barrels of oil equivalent.

TELECOM ITALIA TLIT.MI

Brazilian telecom firm TIM SA TIM3.SA will on Wednesday submit proposals to participate in the country's auction of 5G mobile spectrum, a director said during an earnings conference call on Tuesday. Also, the company is considering spinning off businesses including IOT and mobile advertising operations.

GENERALI GASI.MI , CATTOLICA CASS.MI

Investors have tendered shares equivalent to 20% of Cattolica's capital under Generali's buyout offer, bourse data showed on Tuesday. When including its own stake, Generali owns at least 43.6% of Cattolica, not far from the 50% plus one share threshold that set for the offer to be valid.

RENO DE MEDICI RDM.MI

The Rimini Bidco vehicle of funds managed by Apollo Global Management APO.N has filed with Italy's market regulator the document for its 1.45 euro-per-share mandatory buyout offer for Reno de Medici, after buying a 57.6% stake in the Italian coated recycled carton-board maker from Cascades CAS.TO .

SANLORENZO SNL.MI , THE ITALIAN SEA GROUP TISFGR.MI

Italian yacht maker Sanlorenzo and rival Ferretti Group have submitted a binding offer to buy bankrupt peer Perini Navi through their Restart joint-venture. Another offer, worth 47 million euros, has been filed by the Italian Sea Group

TISGR.MI .

ITALGAS IG.MI

Releases Q3 results followed by conference call (1300 GMT)

MEDIOBANCA MDBI.MI

Releases Q1 results, followed by conference call (1200 GMT)

AMPLIFON AMPF.MI

Releases Q3 results followed by conference call (1300 GMT)

TELECOM ITALIA TLIT.MI (TIM)

Releases Q3 results

TECHNOGYM TGYM.MI

Releases Q3 revenues, followed by conference call.

DIARY

Turin, Stellantis holds news conference "Stellantis Italia leader in the energy transition" with Stellantis Italian unit Country Manager Santo Ficili (0800 GMT)

Milan, '2021 Milano Fashion Global Summit' continues 20th edition Milan-Expo Dubai "The Roaring Twenties? The world of fashion has taken off again, in the name of sustainability and increasing digitalisation. Who will be able to roar in these new twenties?" (0800 GMT); ends on Oct. 28. On Wednesday expected attendees include Brunello Cucinelli BCU.MI Chairman Brunello Cucinelli, Salvatore Ferragamo SFER.MI Vice Chairman Michele Norsa, Tod's TOD.MI Chairman and CEO Diego Della Valle, Giorgio Armani, Investindustrial representative Andrea C. Bonomi, Herno CEO Claudio Marenzi.

((Milan newsroom, +39 02 6612 9507, fax +39 02 801149, milan.newsroom@news.reuters.com))

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/

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment