Italy - Factors to watch on June 14
The following factors could affect Italian markets on Friday.
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
Group of Seven (G7) leaders hold a final day of talks at their annual summit on Friday, with China topping the agenda before Pope Francis puts in a historic appearance to discuss artificial intelligence (AI).
Leaders of the Group of Seven major democracies agreed on an outline deal on Thursday to provide $50 billion of loans for Ukraine using interest from Russian sovereign assets frozen after Moscow invaded its neighbour in 2022.
Italy has demanded the removal of a reference to "safe and legal abortion" from the final statement of this week's Group of Seven summit, diplomats said on Thursday, drawing a rebuke from French President Emmanuel Macron. Italian Prime Minister Giorgia Meloni swiftly shot back, accusing Macron of looking to score political points ahead of national elections in France later this month.
ECONOMY
ISTAT releases April foreign trade data (0800 GMT).
Bank of Italy releases April data on public finances, state borrowing and debt.
The Italian economy will grow by 0.8% this year and next, the Bank of Italy said on Thursday, leaving unchanged its previous estimate for 2024 and marginally revising down the outlook for 2025.
COMPANIES
(*) UNICREDIT CRDI.MI
The European Central Bank has sent a letter to the lender demanding a detailed plan for the rapid divestment of its assets in Russia, daily Il Messaggero reported on Friday without citing sources.
(*) BANCO BPM BAMI.MI, MPS BMPS.MI
When asked about possible interest in Monte dei Paschi, Chief Executive Giuseppe Castagna reiterated that the bank presented a stand alone business plan in December, speaking in an interview with La Stampa published on Friday.
(*) TELECOM ITALIA (TIM) TLIT.MI
The chief executive of TIM Brasil TIMS3.SA, Alberto Griselli, said on Thursday that TIM's deal to sell its physical network could provide an additional boost for its business in Brazil.
STELLANTIS STLAM.MI
The automaker will aggressively move to cut costs as competition from Chinese automakers intensifies rather than use a "defensive" strategy that relies on tariffs on Chinese-made imports announced by European authorities, its CEO said on Thursday.
M&A, ITA Airways
Lufthansa LHAG.DE is likely to secure EU antitrust approval for its bid to buy a stake in state-owned Italian airline ITA, three people with direct knowledge of the matter said on Thursday.
DIARY
Milan men's Spring/Summer 2025 fashion shows start; end on June 18.
Borgo Egnazia, G7 heads of State and Government Summit continues; ends on June 15. Expected attendees on Friday include Pope Francis.
Latina, Industry Minister Adolfo Urso visits Johnson&Johnson company site (0800 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/
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