Italy - Factors to watch on Nov. 13
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.
POLITICS
Italy's record on spending its bumper share of the EU's post-COVID funds is patchy at best, data showed, as the minister in charge of the matter faced a European Parliament hearing on Tuesday over his prospective new job at the European Commission.
DEBT
Treasury sells following BTP bonds: 3.5-4.0 billion euros new 2.70% due Oct. 15, 2027; 1.25-1.5 billion euros 3.50% due Feb. 15, 2025; 1.25-1.5 billion 2.50% due Dec. 1, 2032; 1.0-1.25 billion euros 4.15% due Oct. 1, 2039. Subscriptions close at 1000 GMT.
COMPANIES
(*) INTESA SANPAOLO ISP.MI
The bank's five shareholder foundations that were already part of a shareholders' pact in the past -- Compagnia Sanpaolo, Cariplo, Cariparo, Cr Firenze, Carisbo -- are set to ask the ECB for approval to form a new pact aimed at submitting a slate of candidates in April for the renewal of the board, Il Messaggero reported on Monday. The five institutions would be joined this time by a sixth foundation, CRC, raising the total shareholding of the pact to 15.69% from 14.64%.
(*) MONTE DEI PASCHI DI SIENA BMPS.MI
Broker HSBC said on Wednesday it had initiated coverage on the stock with a 'Buy' rating and a target price of 7.20 euros.
(*) ENEL ENEI.MI
The board of directors of Enel Chile approved switching from the Chilean peso to the US dollar for its accounting books of 2024, daily MF reported on Wednesday, adding the move will impact the yearly accounts for some $450 million but will not have an impact of the company's liquidity.
UNICREDIT CRDI.MI
Commerzbank CBKG.DE is weighing the acquisition of a mid-sized German bank as part of its strategy to fend off a possible takeover by Italy's UniCredit, three people with knowledge of the matter told Reuters on Tuesday.
TELECOMS
Swisscom SCMN.S offered a second set of remedies to Italy's antitrust authority at the end of October to win approval for a planned deal to combine its Italian arm Fastweb with Vodafone VOD.L assets in the country, a letter seen by Reuters showed.
MAIRE MTCM.MI
The engineering group announced on Tuesday that its Stamicarbon unit had won a licensing and Process Design Package for a nitric acid plant in Mexico from Soluciones Químicas.
SAIPEM SPMI.MI
Blackrock held a 5% indirect stake in Italy's Saipem as of Nov. 7, a regulatory filing showed.
MEDIOBANCA MDBI.MI
Italy's Mediobanca missed revenue estimates and cut its full year net interest income forecast on Tuesday, sending shares down more than 8% despite a better-than-expected quarterly profit.
ITALIAN SEA GROUP TISGR.MI
The group is not liable in relation to the fatal sinking of Mike Lynch's superyacht, which killed the British tech billionaire and six others, its chief executive said on Tuesday.
HERA HRA.MI
Board meeting on Q3 results.
TELECOM ITALIA (TIM) TLIT.MI
Board meeting on Q3 results.
DIARY
Rome, Industry Minister attends 9th edition "Digital Italy Summit" (0930 GMT).
Rome, Manufacturing Industry and Private Companies Association (CONFIMI) annual meeting (1000 GMT); Economy Minister Giancarlo Giorgetti and Industry Minister Adolfo Urso attend.
Rome, Chamber of Deputies holds 'question time' session with Economy Minister Giancarlo Giorgetti (1400 GMT).
Rome, government convenes representatives from business associations on budget law (1500 GMT).
Milan, Italian luxury goods companies association Altagamma presents report on numbers, developments and trends in the global luxury market; expected attendees include Altagamma President Matteo Lunelli, fashion house Dolce&Gabbana CEO Alfonso Dolce, Prada 1913.F CEO Andrea Guerra (0930 GMT).
Bari, Infrastructure and Transport Minister Matteo Salvini attends presentation of 6th report "The performance of local public transport companies" (0900 GMT).
Florence, G7 Tourism ministerial meeting starts; ends on Nov. 15.
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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