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
.
POLITICS
Germany and Italy want to swiftly agree a solidarity deal to
boost their energy security, German Chancellor Olaf Scholz said
on Wednesday at the countries’ first intergovernmental summit in
seven years seeking to strengthen cooperation on a raft of
issues.
Italy blocked French group Safran’s planned $1.8
billion purchase of the flight control systems arm of Collins
Aerospace because it could have threatened supplies to national
armed forces, Prime Minister Giorgia Meloni said on Wednesday.
DEBT
Treasury announces sale of 6-month BOT bills, with relative
amounts to be auctioned on Nov. 28.
COMPANIES
ENEL
The Italian utility group will focus its investments on
power grids in the next three years and take a more cautious
approach to spending on renewable energy projects, its new chief
executive said on Wednesday.
QatarEnergy is the company to which Enel’s Spanish
subsidiary Endesa will have to pay $570 million
following an arbitration ruling over a liquefied natural gas
(LNG) contract dispute, three people familiar with the matter
told Reuters on Wednesday.
ENI
Moody’s on Wednesday raised the outlook on the Italian
energy group to “stable” and confirmed its Baa1 rating,
following a similar outlook upgrade on Italy’s sovereign debt
last week.
STELLANTIS
The automaker said on Wednesday it would repurchase 934
million euros in shares from China’s Dongfeng as part
of the share repurchase framework announced last year.
Stellantis said it plans to cancel these shares.
The automaker said on Wednesday it is recalling an estimated
32,125 U.S.-market plug-in hybrid SUVs to resolve a potential
fire risk.
The recall concerns certain model-year 2021-2024 Jeep
Wrangler 4xe SUVs, and also affects around 3,850 vehicles in
Canada and about 9,250 vehicles outside of North America, the
company said.
BANCO BPM
Italy’s no.3 bank said on Wednesday it had successfully
launched a social senior preferred bond for 500 million euros to
institutional investors only. The bond was issued at a price of
99.818%, with a coupon of 4.625%.
MONCLER
EssilorLuxottica signed an exclusive licensing
agreement for the design, production, and global distribution of
Moncler eyewear, the two companies said on Wednesday.
The agreement will be in effect from January 2024 until
December 2028, with an automatic renewal option for an
additional five years, they added.
FINCANTIERI, LEONARDO
The Italian shipbuilding group said on Wednesday it had
signed a 10-year contract with Egypt for the maintenance of two
Fremm military frigates valued at around 260 million euros
($283.58 million).
The figure includes the portion of the contract that will be
allocated to OSN, the joint venture owned by Fincantieri and
Leonardo with stakes of 51% and 49% respectively, as a
sub-supplier.
LOTTOMATICA
Morgan Stanley held a 5.9% stake in the Italian
gaming group as of Nov. 16, a Consob markets regulator filing
showed on Wednesday.
IPO, GOLDEN GOOSE
Italian luxury sneaker brand Golden Goose, which is
considering a possible market listing in Milan next year, said
on Wednesday its revenues rose 16% in the third quarter to 145
million euros ($158 million).
JUVENTUS
Annual and extraordinary shareholders’ meetings (0900 GMT).
MFE-MEDIAFOREUROPE NV
Releases Q3 results (before Bourse opening), followed by
conference call (0800 GMT).
DIARY
Turin, news conference “Drive different” with Stellantis
Chairman John Elkann and CEO Carlos Tavares (1000
GMT).
Turin, Stellantis holds inauguration ceremony of
its first ‘Circular Economy Hub’ with Chairman John Elkann and
CEO Carlos Tavares (1100 GMT).
Rome, Senate holds question time session, with Prime
Minister Giorgia Meloni (1400 GMT).
Rome, Economy Minister Giancarlo Giorgetti meets Croatian
Finance Minister Marko Primorac (1730 GMT).
Telecom Italia (TIM) holds meeting with representatives from
sector trade unions on organizational changes (1230 GMT).
Milan, Telecom Italia (TIM) Chairman Salvatore
Rossi presents his book “A brief story of Italy in the world
through the facts of the economy” with Milan Stock Exchange
Chairwoman Claudia Parzani (1700 GMT).
Rome, Conftrasporto ends forum 8th edition (0900 GMT); on
Thursday expected attendees include Infrastructure and Transport
Minister Matteo Salvini, Foreign Minister Antonio Tajani.
Rome, farmers’ body Coldiretti and The European House
Ambrosetti start annual “Agricolture and Food forum” (0800 GMT);
end on Nov. 24. On Thursday news conference to present
Coldiretti/Censis report “War on the table” with Coldiretti
President Ettore Prandini, think-tank Censis Director General
Massimiliano Valeri, Agriculture Minister Francesco Lollobrigida
(0830 GMT); expected attendees include Infrastructure and
Transport Minister Matteo Salvini, Foreign Minister Antonio
Tajani, European Affairs and NRRP Minister Raffaele Fitto, state
railways Ferrovie dello Stato CEO Luigi Ferraris, Philip Morris
Italian Chairman Marco Hannappel, Enel Chairman
Paolo Scaroni, Bonifiche Ferraresi CEO Federico Vecchioni.
Verona, 5th edition “Festival of the future” starts; ends on
Nov. 25. On Thursday expected attendees include Cariverona
Foundation President Alessandro Mazzucco (0845 GMT); Italian
Alliance for Sustainable Development (ASviS) Secretary General
Giulio Lo Iacono, Mattei Foundation Director Alessandro Lanza
(1045 GMT); ASviS Scientific Director Enrico Giovannini (1500
GMT).
Vicenza, builders’ association ANCE starts conference
“Public Works for Growth. The challenge between the new
Procurement Code and the return of the Stability Pact” (1330
GMT); ends on Nov. 24. On Thursday expected attendees include
European Affairs and NRRP Minister Raffaele Fitto,
Infrastructure and Transport Minister Matteo Salvini, ANCE
President Federica Brancaccio.
For Italian market data and news, click on codes in
brackets:
20 biggest gainers (in percentage)…………
20 biggest losers (in percentage)………….
FTSE IT allshare index
FTSE Mib index……..
FTSE Allstars index…
FTSE Mid Cap index….
Block trades……….
Stories on Italy…… <IT-LEN>
For pan-European market data and news, click on codes in
brackets:
European Equities speed guide……………….
FTSEurofirst 300 index…………………………
DJ STOXX index………………………………..
Top 10 STOXX sectors………………………
Top 10 EUROSTOXX sectors………………….
Top 10 Eurofirst 300 sectors……………….
Top 25 European pct gainers…………………..
Top 25 European pct losers……………………
Main stock markets:
Dow Jones…………… Wall Street report …..
Nikkei 225…………. Tokyo report…………
FTSE 100…………… London report………..
Xetra DAX…………. Frankfurt market stories
CAC-40…………….. Paris market stories…
World Indices……………………………….
Reuters survey of world bourse outlook………
Western European IPO diary……………………..
European Asset Allocation……………………
Reuters News at a Glance: Equities……………
Main currency report:………………………….
($1 = 0.9168 euros)