Italy - Factors to watch on July 9
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.
DEBT
Treasury to sell up to 8.5 billion euros in bonds at July 11 auction.
ECONOMY
Bank of Italy releases May data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks.
COMPANIES
ENI ENI.MI
Italian energy group has made a significant oil and gas discovery in the Sureste Basin, about 63 kilometres off the coast of Mexico, it said on Monday.
(*) PRYSMIAN PRY.MI
Jefferies has raised on Tuesday its rating to 'buy' from 'hold' and the target price to 73 euros from 58 euros. Separately, Citigroup has raised the target price to 67.50 euros from 62.50 euros.
(*) IREN IREE.MI
The Mayor of Genoa, representing the largest single shareholder in the Italian utility, has picked internal manager Gianluca Bufo as the new CEO, La Repubblica daily reported on Tuesday, adding he is likely to be appointed in late August or early September. Bufo would succeed Paolo Emilio Signorini, who was sacked last month following his arrest as part of a corruption investigation related to a previous job.
(*) STELLANTIS STLAM.MI
The automaker said on Tuesday it would expand its line of cheaper hybrid vehicles to 36 models in Europe by 2026, to meet growing demand for this engine type, an alternative to petrol-fuelled cars and electric vehicles.
GENERALI GASI.MI
Italy's top insurer has no plans to grow in Britain's insurance sector, being interested only in European countries where it already operates and emerging markets, a source close to the situation said on Monday.
LEONARDO LDOF.MI
Italy is planning to spend just under 7.5 billion euros ($8.1 billion) over the next 11 years on 24 new Eurofighter jets, according to a document by the Ministry of Defence seen by Reuters on Monday.
The Eurofighter Typhoon jets are built by a German, British, Italian and Spanish consortium, represented by Airbus AIR.PA, BAE Systems BAES.L and Leonardo.
(*) RECORDATI RECI.MI
Equita Sim analysts said it is unlikely that majority shareholder CVC Capital Partners CVC.AS will embark on a speculative M&A scenario or place on the market a minority stake in the pharmaceutical group, MF newspaper reported on Tuesday.
(*) M&A, ACCIAIERIE D'ITALIA
Canadian group Stelco STLC.TO is a fourth possible suitor for the Italian steelmaker known as ex-Ilva, alongside Ukraine's Metinvest and Indian groups Vulcan Green Steel and Steel Mont, Il Sole 24 Ore and Corriere della Sera newspaper said on Tuesday.
DIARY
Prime Minister Giorgia Meloni attends NATO summit on the occasion of 75th anniversary of the Atlantic Alliance in Washington (to July 11).
Rome, banking association ABI holds annual meeting (0800 GMT); ABI President Antonio Patuelli presents report, Bank of Italy Governor Fabio Panetta and Economy Minister Giancarlo Giorgetti give speeches.
Milan, think-tank Nomisma presents 2nd report on real estate market in 2024 (0830 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/
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
