Italy - Factors to watch on May 6
The following factors could affect Italian markets on Monday.
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.
POLITICS
Cabinet meeting (1530 GMT).
ECONOMY
April HCOB services PMI data (0745 GMT).
DEBT
Rating agency Fitch Ratings on Friday affirmed its debt rating on the Republic of Italy at 'BBB', with a stable outlook.
(*) Italian small savers will likely rush to buy a new retail bond the Treasury is offering this week, market sources said, taking advantage of the last opportunity to lock in higher returns before the European Central Bank starts cutting interest rates.
Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on May 9.
COMPANIES
INTESA SANPAOLO ISP.MI
Italy's largest bank beat forecasts on Friday with an 18% yearly rise in net profit in the first quarter, helped by a recovery in net fees and lower-than-expected loan loss provisions. It confirmed its profit outlook for this year and the next.
The lender also said on Friday it had acquired some 90,000 new customers through its digital-only arm, Isybank, after an antitrust decision effectively halted the migration of existing clients.
TOD'S TOD.MI
L Catterton, a private equity firm backed by French luxury group LVMH LVMH.PA succeeded on Friday in securing enough shares in the Italian luxury shoemaker to take it private in agreement with the group's main shareholder, the Della Valle family.
ENI ENI.MI
Azule Energy, a joint venture between Italy's oil major and British BP, and Rhino Resources Namibia have signed an agreement for a 42.5% interest in a block in the country's offshore Orange Basin, the companies said on Friday.
(*) JUVENTUS JUVE.MI, LAZIO LAZI.MI
Juventus were held to a 1-1 draw at AS Roma on Sunday, missing the chance to close in on AC Milan in second place in Serie A, while Lazio drew away against Monza.
(*) CAREL INDUSTRIES CRLI.MI, SECO IOT.MI
The two companies said on Monday they had joined forces to develop "a new solution" to support the digital transformation of infrastructures in which CAREL, a world leader in control solutions for conditioning and refrigeration, operates.
Seco is active in the artificial intelligence sector.
ITALGAS IG.MI
Annual and extraordinary shareholders' meetings (1200 GMT).
AMPLIFON AMPF.MI
The Italian hearing aid retailer releases Q1 results, analysts' call to follow.
ANIMA HOLDING ANIM.MI
The Italian asset manager releases Q1 results.
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.
