Italy - Factors to watch on October 15
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.
ECONOMY
Prime Minister Giorgia Meloni will hold a cabinet meeting on the budget plan (1800 GMT)
Bank of Italy releases August data on public finances, state borrowing and debt.
COMPANIES
INTESA SANPAOLO ISP.MI
The Italian biggest bank is under investigation by prosecutors in Italy after a former employee illegally spied on account data of thousands of its customers, newswire ANSA reported on Monday.
Intesa said in a statement it had received no formal notice of having being put under investigation and was able to alert authorities only once "an extended and accurate analysis provided (the bank) with a clear picture of the events".
(*) BANKING SECTOR
The banking sector's contribution to the government's budget, expected to be approved later on Tuesday, will be worth between 3-4 billion euros over two years, newspapers reported. The majority of the funds will come from deferred tax assets, they added.
LEONARDO LDOF.MI
The defence group will finalise a joint venture with Germany's Rheinmetall RHMG.DE on Tuesday, its Chief Executive Roberto Cingolani said on Monday.
A joint press conference with Cingolani and Rheinmetall's CEO Armin Papperger will be held in Rome (1000 GMT).
(*) Thales Alenia Space, the joint venture between France's Thales TCFP.PA and Leonardo, signed on Monday an amendment to its contract with the European Space Agency (ESA) to develop the ESPRIT communications and refueling module for the future Lunar Gateway orbital outpost, worth €164 million, the group said in a statement.
STELLANTIS STLAM.MI
The EU's duties on Chinese-made electric cars will speed up plant closures in Europe by local automakers, as tariffs will push Chinese manufacturers to build facilities in Europe, adding to overcapacity problems, Stellantis' CEO said on Monday.
During the Paris Car Show, Carlos Tavares also said he would be part of the decision process to choose his successor and that the group had not started a strategic review of its brands but was looking at their profitability every month.
He will probably give an update to investors before Christmas 2024, he added.
(*) Stellantis is not seeking to merge with or to buy other players, John Elkann, chairman of the French-Italian automaker, told news agency AFP on Monday, amid recent rumours of a tie-up with French competitor Renault RENA.PA.
(*) POSTE ITALIANE PST.MI
The Treasury have sounded out a number of banking foundations, including Cariplo and Cariverona, for possible interest in the stake of the postal operator the government is planning to sell on the market.
(*) EDISON EDNn.MI
The Italian energy group said on Monday that U.S. gas exporter Venture Global LNG told it not to expect contract cargoes from its Louisiana export facility until April 2025.
AVIO AVI.MI
Italy's Vega-C rocket will return to space on Dec. 3, almost two years after it failed a mission in 2022, the CEO of its manufacturer Avio said on Monday.
SALVATORE FERRAGAMO SFER.MI
Board meeting on Q3 revenues, followed by conference call (1600 GMT).
DIARY
Rome, 'Eni Award' ceremony with President Sergio Mattarella, Eni ENI.MI CEO Claudio Descalzi (0900 GMT).
Rome, Prime Minister Giorgia Meloni addresses Senate (0730 GMT) and Chamber of Deputies (1300 GMT) ahead of European Council meeting on Oct. 17-18.
Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin addresses Chamber of Deputies Industry and Environment committees on the role of nuclear energy in the energy transition and decarbonisation process (1100 GMT).
Rome, Industry Minister Adolfo Urso attends the inauguration ceremony for the 2024/2025 academic year of the of the Campus Bio-Medico university and the new Ucbm Simulation Centre (0900 GMT).
Rome, "2024 Italy Welfare forum" (0730 GMT), with Industry Minister Adolfo Urso, Health Minister Orazio Schillaci, Unipol Group UNPI.MI Chairman Carlo Cimbri.
Assisi/Solfagnano, G7 'Inclusion and disability' ministerial meeting continues; ends on Oct. 16.
Cernobbio, G7 'Technology and Digital' ministerial meeting chaired by Cabinet Undersecretary for Innovation Technology Alessio Butti.
Cernobbio, 2nd edition 'Como Lake 2024' "The Great Challenge" starts; ends on Oct. 18. On Tuesday session on "Networks and infrastructure" with Cabinet Undersecretary Alessio Butti,Telecom Italia (TIM) TLIT.MI CEO Pietro Labriola, iliad Italian CEO Benedetto Levi, INWIT INWT.MI Director General Diego Galli, Enel ENEI.MI Italian Director Nicola Lanzetta, Aeroporti di Roma CEO Marco Troncone (1215 GMT).
Taranto, Industry Minister Adolfo Urso attends ceremony for the restart of ex Ilva blast furnace Altoforno 1 (1430 GMT); press point follows.
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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