Italy - Factors to watch on June 20
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.
POLITICS
Italy will take a "responsible" approach to its budget policy, Economy Minister Giancarlo Giorgetti said, after the European Commission recommended disciplinary budget steps against Rome along with six other countries over their high fiscal gaps.
DEBT
Treasury announces sale of BTP Short and BTPei bonds, with relative amounts to be auctioned on June 25.
COMPANIES
TELECOM ITALIA (TIM) TLIT.MI
Telecom Italia (TIM) is working to finalise the sale of its fixed line network to KKR KKR.N on July 1, the telecoms group CEO told during investors meeting at Mediobanca headquarters in Milan, according to a source briefed on the matter. Pietro Labriola also said the company could consider M&A for its domestic operations, according to the same source. In particular, it could consider a merger of its enterprise business with a peer in the IT sector, while the consumer business could explore a deal with a rival.
MEDIA
Advertising spending in Italy rose 6.7% year-on-year in April, Nielsen said on Wednesday.
(*) AMPLIFON AMPF.MI
The world's leading hearing aid retailer aims to increase turnover to 3 billion euros as soon as possible and wants to increase its market share in the United States, CEO Enrico Vita told daily Il Corriere della Sera on Thursday. He added the company wants to expand via M&A as well as organic growth.
(*) SARAS SRS.MI
Vitol's subsidiary Varas has filed with market watchdog Consob its mandatory tender offer for the 54.52% of ordinary shares it does not yet own in the Italian oil refiner, which is due to take over, at the price of 1.6 euros per share, Saras said on Wednesday.
(*) ITALGAS IG.MI
The Italian gas distributor has been granted access to the data room of 2i Rete Gas as part of exclusive talks to take it over, Radiocor news agency said on Wednesday, adding that the deal would be worth about 5 billion euro and that Italgas aims to make a binding offer by the end of the year.
(*) LEONARDO LDOF.MI, SERI INDUSTRIAL SERK.MI
The defence group announced late on Wednesday the disposal of its stake in Industria Italiana Autobus to Seri Industrial. Seri Industrial will buy 98% of the share capital, while 2% will continue to be held by Invitalia.
(*) FINCANTIERI FCT.MI
Italy's market watchdog Consob has approved a capital hike for up to 400 million euros starting on June 24, the shipbuilder said late on Wednesday, adding the rights issue will not be considered a hyper-dilutive capital increase. Fincantieri's board had announced the capital hike earlier this month to finance the acquisition of Leonardo LDOF.MI's submarines business Underwater Armament Systems (UAS), in a deal valuing the unit 415 million euros.
(*) RELATECH RLT.MI
Gemini BidCo entered into a sale and purchase agreement for a 53.24% stake at a price per share of 2.53 euros, it said on Thursday. After completion, Gemini BidCo will promote a mandatory tender offer on the remaining shares aimed at delisting. Closing expected at July-end.
(*) STELLANTIS STLAM.MI
Total EU registrations for the French-Italian automaker fell 6.9% year-on-year in May, ACEA said. Overall new car sales in the bloc fell by 3%, the second drop this year, and were down 2.6% in a wider region covering the EU, Britain and the European Free Trade Association (EFTA).
DOXEE DOXE.MI
Ends capital increase.
DIARY
Economy Minister Giancarlo Giorgetti attends a Eurogroup meeting in Luxembourg.
Rome, Cabinet chaired by Prime Minister Giorgia Meloni (1500 GMT). It is likely to adopt a package of measures aimed at boosting procurement and reuse of critical raw materials.
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/
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
