Italy - Factors to watch on November 5
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
Italy posted a budget deficit of 17 billion euros ($18.51 billion) in October, widening sharply from a deficit of 4.54 billion euros in the same month of 2023, the Treasury said on Monday.
COMPANIES
STELLANTIS STLAM.MI
(*) The carmaker is finalising a plan to boost its Maserati brand with a full pipeline of new products and technologies for the coming years, it said in a statement.
Stellantis' share of the Italian market increased to 25.15% in October from 24.11% the month before, but total car sales in the country fell 9.05% year-on-year, transport ministry data showed
UNICREDIT CRDI.MI
The Italian bank said it expected to be able to merge the Romanian business of Greece's Alpha Bank ACBr.AT into its own local subsidiary in the second half of next year, after closing the acquisition on Monday.
INTESA SANPAOLO ISP.MI
The Italian bank said on Monday that ratings agency Morningstar DBRS had upgraded its long-term trend to "positive", while confirming its rating at BBB (HIGH).
(*) TELECOM ITALIA (TIM) TLIT.MI
TIM Brasil TIMS3.SA reported a normalized net profit of 805 million reais ($138.99 million) in the third quarter, above LSEG expectations of 777.2 million, the phone group's unit said late on Monday, adding it is on track to achieve all the goals previously disclosed. It will pay about 3.5 billion reais in dividends and interest to equity shareholders in 2024, it said a filing.
(*) PRYSMIAN PRY.MI
Morgan Stanley on Tuesday cut its rating on the cable maker to 'equal-weight' from 'overweight' and its target price to 66 euros from 70 euros.
BANCO BPM <BAMI.MI
The Italian lender said on Monday that ratings agency Morningstar DBRS had upgraded its long-term deposit rating trend to "positive".
BPER BANCA EMI.MI
The Italian bank said on Monday that ratings agency Morningstar DBRS had upgraded its long-term deposit rating trend to "positive".
UNIEURO UNIR.MI
The French retail group Fnac Darty said on Monday it had reopened the tender period of its bid for the Italian electronic and home appliances retailer until Nov. 8.
FINECOBANK FBK.MI
Board meeting on Q3 results, followed by conference call (1300 GMT).
DIASORIN DIAS.MI
Board meeting on Q3 results, followed by conference call (1400 GMT).
FERRARI RACE.MI
Board meeting on Q3 results, followed by conference call (1400 GMT).
INDUSTRIE DE NORA DNR.MI
Board meeting on Q3 results, followed by conference call (1500 GMT).
BANCA POPOLARE DI SONDRIO BPSI.MI
Board meeting on Q3 results, followed by conference call (1700 GMT).
DIARY
Economy Minister Giancarlo Giorgetti attends ECOFIN meeting in Brussels.
Rome, G7 'Sustainable Urban Development' ministerial meeting ends.
Intesa Sanpaolo CEO Carlo Messina gives interview to CNBC Europe (0830 GMT)
Rome, Prime Minister Giorgia Meloni meets NATO Secretary General Mark Rutte (1030 GMT), meets representatives from trade unions on budget law (1600 GMT).
Rome, welfare institute INPS President Gabriele Fava (0730 GMT), representatives from ISTAT (0930 GMT), state auditors (1000 GMT), Bank of Italy (1045 GMT), Parliamentary Budget Office (UPB) President Lilia Cavallari (1130 GMT) address Senate and Chamber of Deputies Budget committees on the budget law.
Turin, Industry Minister Adolfo Urso attends event on culture (0745 GMT).
Rimini, 13th edition meeting on green economy starts (1000 GMT); ends on Nov. 6. On Tuesday Environment and Energy Security Minister Gilberto Pichetto Fratin and Industry Mnister Adolfo Urso (via videoconference) attendopening plenary session.
Matera, Foreign Minister Antonio Tajani chairs institutional session at conference on diplomacy (1100 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 = 5.7916 reais)
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