Italy - Factors to watch on July 10
The following factors could affect Italian markets on Wednesday.
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
The Italian economy is holding up well and is on track to reach the government's growth target of 1% this year, Economy Minister Giancarlo Giorgetti said on Tuesday.
ISTAT releases May industrial output data (0800 GMT) and monthly bulletin on the state of the economy in May and June (0900 GMT).
DEBT
Treasury sells 8.0 billion euros 12-month BOT bills. Subscriptions close at 0900 GMT.
COMPANIES
TELECOM ITALIA TLIT.MI
S&P Global on Tuesday upgraded the rating of the former phone monopoly to BB from B+, following the sale of its fixed-line network to U.S. investment firm KKR KKR.N last week. The agency removed all ratings from CreditWatch positive, indicating a stable outlook.
(*) LEONARDO LDOF.MI
The Italian defence and aerospace group is a front runner together with U.S' group Bell to win the tender launched in February to supply NATO with a new generation NGRC helicopter, Il Sole 24 Ore daily reported on Wednesday.
(*) UNIPOL UNPI.MI POPOLARE SONDRIO BPSI.MI MONTE PASCHI BMPS.MI
The Italian insurer Unipol, with the help of Barclays and other investment banks, is trying to indirectly increase its stake in the lenders Popolare di Sondrio and Monte dei Paschi di Siena, Il Messaggero daily reported on Wednesday. The newspaper said in its report that Unipol had denied it was conducting this operation on Sondrio.
(*) AVIO AVI.MI
The Italian aerospace company said on Wednesday that the Ariane 6 rocket launcher had successfully completed its maiden flight from the French Guiana Space Centre. Avio is a partner of the Ariane 6 program, providing the solid rocket boosters as well as engines.
(*) PRYSMIAN PRY.MI
JP Morgan on Wednesday resumed coverage of the Italian cable maker with a target price of 71 euros and an overweight rating.
(*) MAIRE MTCM.MI
Barclays on Wednesday cut its rating of the Italian engineering company to equal weight from overweight, and raised the target price to 9.5 euros from 8.3.
DIARY
Prime Minister Giorgia Meloni, Foreign Minister Antonio Tajani, Defence Minister Guido Crosetto attendNATO summit on the occasion of 75th anniversary of the Atlantic Alliance in Washington.
Rome, Economy Minister Giancarlo Giorgetti addresses Chamber of Deputies Fiscal Federalism Committee (0615 GMT).
Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin and Industry Minister Adolfo Urso attend annual meeting by mobility energy union association UNEM "Energy security and Italian competitiveness" (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/
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
