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Italy - Factors to watch on July 10



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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.


ECONOMY

The Italian economy is holding up well and is on track to reach the government's growth target of 1% this year, Economy Minister Giancarlo Giorgetti said on Tuesday.

ISTAT releases May industrial output data (0800 GMT) and monthly bulletin on the state of the economy in May and June (0900 GMT).


DEBT

Treasury sells 8.0 billion euros 12-month BOT bills. Subscriptions close at 0900 GMT.


COMPANIES

TELECOM ITALIA TLIT.MI

S&P Global on Tuesday upgraded the rating of the former phone monopoly to BB from B+, following the sale of its fixed-line network to U.S. investment firm KKR KKR.N last week. The agency removed all ratings from CreditWatch positive, indicating a stable outlook.


(*) LEONARDO LDOF.MI

The Italian defence and aerospace group is a front runner together with U.S' group Bell to win the tender launched in February to supply NATO with a new generation NGRC helicopter, Il Sole 24 Ore daily reported on Wednesday.


(*) UNIPOL UNPI.MI POPOLARE SONDRIO BPSI.MI MONTE PASCHI BMPS.MI

The Italian insurer Unipol, with the help of Barclays and other investment banks, is trying to indirectly increase its stake in the lenders Popolare di Sondrio and Monte dei Paschi di Siena, Il Messaggero daily reported on Wednesday. The newspaper said in its report that Unipol had denied it was conducting this operation on Sondrio.


(*) AVIO AVI.MI

The Italian aerospace company said on Wednesday that the Ariane 6 rocket launcher had successfully completed its maiden flight from the French Guiana Space Centre. Avio is a partner of the Ariane 6 program, providing the solid rocket boosters as well as engines.


(*) PRYSMIAN PRY.MI

JP Morgan on Wednesday resumed coverage of the Italian cable maker with a target price of 71 euros and an overweight rating.


(*) MAIRE MTCM.MI

Barclays on Wednesday cut its rating of the Italian engineering company to equal weight from overweight, and raised the target price to 9.5 euros from 8.3.


DIARY

Prime Minister Giorgia Meloni, Foreign Minister Antonio Tajani, Defence Minister Guido Crosetto attendNATO summit on the occasion of 75th anniversary of the Atlantic Alliance in Washington.

Rome, Economy Minister Giancarlo Giorgetti addresses Chamber of Deputies Fiscal Federalism Committee (0615 GMT).

Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin and Industry Minister Adolfo Urso attend annual meeting by mobility energy union association UNEM "Energy security and Italian competitiveness" (0800 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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