Italy - Factors to watch on October 21
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
The Italian government vowed on Friday to push ahead with its contested plan to divert asylum-seekers abroad, saying it would appeal against a court's ruling that a group of migrants in reception centres in Albania should be taken to Italy.
Meloni called a cabinet meeting for Monday to decide on the government's response to the legal ruling.
ECONOMY
Global credit ratings agency Fitch on Friday revised its outlook on Italy to 'positive' from 'stable', citing recent improvements in the fiscal performance of the euro zone's third largest economy and its commitment to EU budget regulations.
DEBT
Treasury sells up to 3.0 billion euros of two BTP bonds: 5.00% due Aug. 1, 2034 and 4.00% due Feb. 1, 2037 in exchange for five BTP bonds: 0.35% due Feb. 1, 2025; 5.00% due March 1, 2025; 1.40% 'BTP Italia' due May 26, 2025; 1.50% due June 1, 2025; 0.55% 'BTP Italia' due May 21, 2026.
COMPANIES
ENI ENI.MI
The Italian oil major has hired French bank Natixis to seek investors interested in taking a stake in Enilive's biomethane subsidiary Enibioch4in, Corriere della Sera reported on Sunday.
The paper said that a potential minority stake of up to 49% is on the table and that German fund DWS and France's Meridiam and Vaubam could be interested.
(*) LEONARDO LDOF.MI
The Italian defence group is working with France's Thales to study how to modify the space alliance to increase efficiency and competitiveness, CEO Roberto Cingolani was quoted as saying by Corriere della Sera weekly L'Economia. As a result, the companies' stakes in two joint ventures could change, he added.
Leonardo will unveil an update of its strategic plan between February and March, focusing on space strategy and cybersecurity, Cingolani said.
UNICREDIT CRDI.MI
Germany's finance ministry on Sunday denied that the country was considering introducing a law to protect domestic banks from cross-border takeovers as the Italian bank seeks a merger with Germany's Commerzbank CBKG.DE.
MONTE DEI PASCHI BMPS.MI
LMDV Capital, the investment company owned by Leonardo Maria Del Vecchio, the son of Luxottica's late founder Leonardo Del Vecchio, denied on Friday that it was interested in buying a stake in the Tuscan bank.
Italian daily MF had reported earlier that investment bank Finint had contacted potential investors, including Del Vecchio, to explore the possibility of setting up a consortium to buy part of the government's stake in the bailed-out lender.
(*) JUVENTUS JUVE.MI, LAZIO LAZI.MI
Lazio defender Mario Gila scored a late own goal to give Juventus a 1-0 home win in Serie A on Saturday after visiting Lazio side were reduced to 10 men midway through the first half.
(*) FERRARI RACE.MI
Ferrari last won a Formula One title in 2008 but Sunday's one-two win in the U.S. Grand Prixput the constructors' championship firmly in their sights.
Race winner Charles Leclerc said as much, even if he described it as still an 'optimistic' target with five rounds remaining.
UNIPOL UNPI.MI
Extraordinary shareholders' meeting to merge with UnipolSai, Unipol Finance, UnipolPart I, Unipol Investment (1330 GMT).
DIARY
Foreign Minister Antonio Tajani visits Israel and Palestinian territories.
Milan, Industry Minister Adolfo Urso attends business lobby Lombardy region body Assolombarda general meeting (0830 GMT).
Milan, 'Milan Fashion Global Summit 2024' on "The New Rules Top Players" (1300 GMT); ends on Oct. 23. On Monday expected attendees include Moncler MONC.MI Chairman and CEO Remo Ruffini, Gruppo OTB Chairman Renzo Rosso, Tods's Chairman Diego Della Valle, fashion house Dolce&Gabbana CEO Alfonso Dolce.
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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