Italy - Factors to watch on April 22
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.
ECONOMY
Italy and France should cut spending faster than they currently plan to keep debt under control while Germany should loosen its own purse strings to revive growth, the International Monetary Fund said on Friday.
DEBT
S&P Global said on Friday it had confirmed its 'BBB' sovereign rating on Italy, with a stable outlook.
Treasury announces sale of 6-month BOT bills, with relative amounts to be auctioned on April 24.
COMPANIES
TELECOM ITALIA (TIM) TLIT.MI
U.S. investment company KKR's KKR.N proposed buyout of TIM's fixed-line access network will be decided by EU antitrust regulators by May 30, according to a European Commission filing on Friday.
TIM valued its submarine cable business Sparkle at 481 million euros as of Dec. 31, 2023, following an impairment of 107 million euros booked during the year, according to documents published on the telecoms group website.
GENERALI GASI.MI
Italy's top insurer said on Saturday it would unveil its strategic plan for 2025-2027 on January 30.
DAVIDE CAMPARI CPRI.MI
The Italian drinks group continues to look for M&A opportunities in high-end and premium spirits and strong brands in the U.S. and Asia, CEO Matteo Fantacchiotti told Milano Finanza on Saturday. Campari is also looking at the whisky segment, the CEO added.
IVECO IVG.MI
The bus and truck maker said on Sunday that its Chief Executive Officer Gerrit Marx was leaving the group to become CEO of Italian-American company CNH Industrial CNHI.N from July 1. Marx will be replaced by Olof Persson.
LEONARDO LDOF.MI
Nigeria plans to acquire 24 fighter jets from the Italian defence group to modernize its fleet and bolster its air force, air force spokesperson Air Vice Marshal Edward Gabkwet said on Friday.
JUVENTUS JUVE.MI
A late own goal by defender Alberto Dossena salvaged a 2-2 draw for Juventus at lowly Cagliari in Serie A on Friday after the hosts went two goals up in the first half thanks to penalties.
(*) SS LAZIO LAZI.MI Luis Alberto scored the only goal for Lazio's 1-0 victory away to Genoa.
FTSE MIB .FTMIB
Eight stocks included in Italy's blue-chip index trades ex-dividend on Monday, resulting in a drop in the index of around 1.5%, FTSE Russell said on Friday.
RECORDATI RECI.MI
Annual general meeting (0730 GMT).
SAIPEM SPMI.MI
Board meeting on Q1 results.
FC INTER MILAN (not listed)
The president of the Italian football club, Steven Zhang, is in talks with U.S. bond giant PIMCO over a loan of 400 million euros to repay a 275-million-euro financing backstop by Oaktree Capital Management, Corriere della Sera reported on Sunday.
DIARY
Economy Minister Giancarlo Giorgetti speaks before chamber of deputies and Senate Budget committees on 2024 Economic and Financial Document (DEF).
Industry Minister Adolfo Urso visits Egypt for political and business meetings; ends on Tuesday.
Foreign Minister Antonio Tajani attends a meeting between EU foreign ministers in Luxembourg.
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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