Italy - Factors to watch on Nov. 18
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
Voting ends at 1400 GMT for local elections in the northern region of Emilia Romagna and the central region of Umbria.
ECONOMY
In its Nov. 2024 monthly report, published on Saturday, the Italian Banking Association (ABI) said market interest rates had fallen since October 2023. This downward trend continued in recent weeks following the European Central Bank decision to cut rates and also anticipating further ECB decisions, it said.
COMPANIES
UNICREDIT CRDI.MI
Commerzbank CBKG.DE and Italy's second biggest lender held a round of investor talks this week, a person briefed on the matter said on Friday, the second such interaction since UniCredit disclosed in September that it had snapped up a significant stake in the German lender.
A filing by Italian Bourse watchdog Consob on Friday showed that Goldman Sachs held a 5.61% stake in UniCredit as of Nov. 8, 4.36% of which in derivatives and 1.02% with voting rights.
ENEL ENEI.MI
(*) Italy's biggest utility said on Monday it would lift its minimum dividend for the 2025-2027 period to 0.46 euros per share from 0.43 euros previously. In its updated three-year plan, the state-controlled group said it would invest around 43 billion euros ($45 billion), 7 billion euros more than previously envisaged in the 2024-2026 strategy.
News conference for its Capital Markets day at 1040 GMT.
Enel's Spanish subsidiary Endesa said on Friday it agreed to buy 626 megawatts (MW) of hydroelectric assets from power company Acciona Energia for 1 billion euros.
PRYSMIAN PRY.MI
The world's largest cable maker said on Friday it had approved a 3-billion-euro ($3.17 billion) programme of bondissuance.
LEONARDO LDOF.MI
Fitch Ratings said on Friday it had improved its outlook on the Italian defence company to 'positive' from 'stable', while affirming its 'BBB-' rating.
(*) GENERALI GASI.MI
The Chief Executive of the Europ Assistance unit, Antoine Parisi, told La Stampa daily on Monday he expects revenues of more than 3.5 billion euros this year, including 1.3 billion euros in the U.S., and said the aim is to grow in the Asia-Pacific region.
(*) BUZZI BZU.MI
Berenberg on Monday cut its rating to 'hold' from 'buy', raised the target price to 42 euros from 40 euros.
MOLTIPLY MOL.MI
The financial firm has emerged as the only bidder for German media group ProSiebenSat.1's price comparison portal Verivox, two sources close to the matter said on Friday.
AQUAFIL ECNL.MI
Starts capital increase; ends on Dec. 5.
SALCEF GROUP SCFG.MI
Second of two-day suspension from negotiations on Euronext Milan ahead of de-listing.
DIARY
Prime Minister Giorgia Meloni and Economy Minister Giancarlo Giorgetti attend G20 Summit in Rio de Janeiro, Brazil.
Rome, Bank of Italy and financial network SUERF hold joint conference "Inflation, Inflation Expectations, and Policy: New Perspectives"; insurance supervisor IVASS President and Bank of Italy Deputy Governor Luigi Federico Signorini delivers welcome address (0800 GMT); ECB Chief Economist Philip Lane gives speech (1300 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/
($1 = 0.9475 euros)
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