Italy - Factors to watch on August 29
The following factors could affect Italian markets on Thursday.
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 plans to confirm a commitment to bring its deficit-to-GDP ratio below the European Union's 3% ceiling in 2026 in the Treasury's medium-term structural budget plan to be presented by mid-September, sources said.
DEBT
Treasury sells 4.0-4.5 billion euros new 3.00% BTP bonds due Oct. 1, 2029; 2.75-3.25 billion euros 3.85% BTP bonds due Feb. 1, 2035; 1.0-1.5 billion euros CCTeu bonds due April 15, 2032. Subscriptions close at 0900 GMT.
COMPANIES
UNICREDIT CRDI.MI
The Italian bank postponed the date of its board meeting to approve third quarter results to Nov. 5 from Oct. 23, it said on Wednesday.
MEDIOBANCA MDBI.MI
The Italian lender completed on Wednesday the placement of a 7-year, 750-million-euro covered bond, with around 74% of orders coming from abroad, it said.
(*) MONTE DEI PASCHI DI SIENA BMPS.MI
In its half-year report, the bank raised some issues related to commitments made to the EU, especially with regards to the sale, by the end of the year, of stakes held in non-strategic companies, some newspapers reported on Thursday.
(*) UNIEURO UNIR.MI
The group's board of directors did not agree on the fairness of price of a takeover bid by Fnac Darty FNAC.PA and Ruby Equity Investment, the Italian consumer electronics retailer said on Thursday. Unieuro also raised some "critical issues" regarding the reasons for the offer, future plans and any following extraordinary transactions, the statement said.
(*) FERRARI RACE.MI
A stock split might make sense in light of the recent share rally and high price per share on the market, MF reported citing financial sources.
(*) STELLANTIS STLAM.MI
New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lose market share, data from Europe's auto industry body showed on Thursday.
Car registrations at Europe's three largest carmakers Volkswagen VOWG_p.DE, Stellantis and Renault RENA.PA fell in July from a year earlier by 2.2%, 5.2% and 1.7%, respectively, amid growing competition from China.
(*) LEONARDO LDOF.MI, SPACE INDUSTRY
Funds earmarked for the space sector amount to 7.2 billion euros for the years up to 2026 and include those from the European Space Agency (ESA), the government and the European post-Covid fund, Minister Adolfo Urso told Corriere della Sera in an interview published on Thursday. "All of them will be used and will have a three-fold impact on the production system, for large and small companies," Urso said.
BRUNELLO CUCINELLI BCU.MI
Italian luxury group Brunello Cucinelli posted a 19% increase in first-half operating profit on Wednesday, reaching 104.6 million euros ($116.4 million), and confirmed its guidance for a 10% increase in sales this year.
(*) JUVENTUS FC JUVE.MI
The club on Wednesday said it signed an agreement with Atalanta for the final acquisition of player Koopmeiners.
E-NOVIA E9IA.MI
Ends capital increase.
Milan Stock Exchange After Hours market closed.
DIARY
Ceglie Messapica, 7th edition of annual event on "From Puglia to the South, from Italy to Europe (and beyond). Dreams and projects of a summer night end" starts (1700 GMT); ends Aug. 31. On Thursday expected attendees include Health Undersecretary Marcello Gemmato, Industry Minister Adolfo Urso, Civil Protection and Sea Minister Nello Musumeci, Infrastructure and Transport Deputy Minister Galeazzo Bignami.
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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