Italy - Factors to watch on October 25

Reuters
25 Oct 2024
Italy - Factors to watch on October 25

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

Italy's 5-Star Movement will sever ties with its founder, comedian Beppe Grillo, due to his "acts of sabotage", party leader and former premier Giuseppe Conte said in book excerpts published on Thursday

ECONOMY

ISTAT releases October consumer and business confidence data (0800 GMT).

ECB releases September data on Italian banks domestic government bond holdings.

DEBT

Treasury sells 2.0-2.5 billion euros of 3.10% BTP Short bonds due Aug. 28, 2026; 1.25-1.5 billion euros of 1.80% BTPei bonds due May 15, 2036; 0.75-1.0 billion euros of 0.40% BTPei bonds due May 15, 2030. Subscriptions close at 0900 GMT.

Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on Oct. 30.

BANKS

Banca Progetto, a small Italian bank which investment firm Oaktree recently agreed to sell to Centerbridge, has been placed under court administration for allegedly lending money to a person arrested under mafia charges, a court document showed.

COMPANIES

ENI ENI.MI

The Italian energy group said on Thursday it would invest 2 billion euros ($2.2 billion) in five years to decarbonise and relaunch its loss-making chemicals business Versalis.

ENI also said it had approved the distribution of a second tranche of its 2024 dividend of 25 euro cents per share.

On Friday ENI releases Q3 results on Friday, followed by conference call.

PRYSMIAN PRY.MI

The cable maker's chief executive Massimo Battaini said on Thursday it has a backlog in its energy transmission business equal to 4-5 years of revenues.

ITALGAS IG.MI

The chief executive of Italy's largest gas distributor said on Thursday its 2024 capital expenditure would probably be slightly below 900 million euros.

BANCO BPM BAMI.MI

The Italian lender said on Thursday that ratings agency S&P Global had upgraded its rating by one notch to BBB/A-2

RELATECH RLT.MI

Gemini BidCo Srl ends full mandatory takeover offer on Relatech ordinary shares.

UNIEURO UNIR.MI

Fnac Darty FNAC.PA and RUBY Equity Investment Sarl end voluntary public tender and exchange offer on Unieuro ordinary shares.

DIARY

Economy Minister Giancarlo Giorgetti attends International Monetary Fund (IMF), World Bank Group (WBG) and G7 meetings in Washington.

Defence Minister Guido Crosetto visits Turkey.

DBRS rating agency scheduled review of sovereign debt rating on Italy.

Assogestioni expected to release September fund flows data (0900 GMT).

Rome, 70th anniversary commemorative ceremony of De Gasperi's death "Peace, Prosperity, Homeland. The legacy of De Gasperi 70 years later" with President Sergio Mattarella, Cabinet Undersecretary Alfredo Mantovano, European Parliament President Roberta Metsola (0900 GMT).

Rome, ECB board member Elizabeth McCaul delivers pre-recorded message on "EU Banking Regulation at a Turning Point" at conference at Tor Vergata University (0700 GMT).

Genoa, Foreign Minister Antonio Tajani attends ceremony of handover to the World Food Programme of trucks donated by Italy as part of the 'Food for Gaza' initiative (1330 GMT).

Genoa, Prime Minister Giorgia Meloni, Infrastructure and Transport Minister Matteo Salvini and Foreign Minister Antonio Tajani together to support the candidate to become Governor of Liguria region Marco Bucci (1430 GMT).

Saint Vincent, conference on "Open innovation summit 2024, twin transition, company 5.0 in sustainability era" (to Oct. 26); on Friday expected attendees include Industry Minister Adolfo Urso, Cabinet Undersecretary for Innovation Technology Alessio Butti.

Vatican City, Pope Francis receives European Parliament President Roberta Metsola (0700 GMT).

((Milan newsroom, e-mail: reutersitaly@thomsonreuters.com))

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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