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Italy - Factors to watch on Feb. 5

· 02/05/2021 00:00
Italy - Factors to watch on Feb. 5

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

Former European Central Bank chief Mario Draghi started talks on Thursday on forming a new Italian government as the largest party in parliament as the 5-Star Movement, softened its initial hostility to his appointment. nL1N2KA183

Centre-left Democratic Party (PD) will support a government led by Prime Minister designate Mario Draghi, PD leader Nicola Zingaretti said on Thursday. nR1N2HO02G


GENERAL

Italy reported 421 coronavirus-related deaths on Thursday against 476 the day before, the health ministry said, taking the official toll since the epidemic emerged a year ago to 90,241, according to health ministry data. nL8N2KA6RJ


ECONOMY

ISTAT releases December retail sales data (0900 GMT).

Bank of Italy releases January data on Target 2 liabilities and European Central Bank funding to Italian banks.


DEBT

Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on Feb. 10.


COMPANIES

(*) ENEL ENEI.MI

Europe's biggest utility reported stable core earnings last year as its renewable energy, power generation and trading businesses helped the utility weather a drop in revenue driven by the pandemic. nL8N2KA6ZH

Enel, through its subsidiary Ufinet, has agreed to set up a joint venture with Colombian phone group Etb aimed at wiring Bogotà, Il Sole 24 Ore reported.


(*) UNICREDIT CRDI.MI, MPS BMPS.MI

UniCredit will consider Monte dei Paschi among its options for growth but Italy's second-biggest bank will only pursue a deal that is in the interest of all of its shareholders, its chairman designate was quoted as saying. nL8N2KB17K


STELLANTIS STLA.MI

Production cuts by automakers Ford and Stellantis due to the global semiconductor chip shortage and warnings from suppliers Robert Bosch and German chip maker Infineon on Thursday have raised concerns the problem will only get worse this year for the industry. nL1N2KA19C

(*) An ongoing shortage of semiconductors could cause global auto production to fall by 2 million vehicles this year, Jean Marc Chery, the chief executive of chipmaker STMicroelectronics, told Il Sole 24 Ore.


(*) MEDIASET

Vivendi VIV.PA has appealed against a decision by Italian communications regulator AGCOM to apply a new Italian law that allows the authority to hold an inquiry into whether Vivendi's positions in Italy's telecoms and media sectors are harmful for media plurality, two sources familiar with the matter said on Friday.


(*) STMICROELECTRONICS STM.MI

The technology group is considering the acquisition of a European player in the microchip sector with a capitalization of 4 billion euros, MF reported without giving further details.


ATLANTIA ATL.MI

Board meeting on preliminary FY results.


INTESA SANPAOLO ISP.MI

Board meeting on FY results, followed by conference call (1400 GMT).


BANCA POPOLARE DI SONDRIO BPSI.MI

Board meeting on FY results.


GUALA CLOSURES GCL.MI

The company said on Thursday that investor Special Packaging Solutions Investments had not increased its stake over 50% to date, though it added it could top that threshold in the future, following agreements disclosed last year. nBIA5GxLhR


(*) ALITALIA (not listed)

The EU Commission has asked Alitalia's state-appointed administrator Giuseppe Leogrande to organise a sale process for the carrier's assets that is open to competitors, La Repubblica reported. Leogrande, who met the EU's antitrust watchdog on Thursday, did not rule out such possibility, the paper added.


DIARY

Rome, Italy's prime minister designate Mario Draghi continues his formal consultations with parties to try to form a government (to Feb. 6).

Rome, state auditor Corte dei Conti President Guido Carlino speaks via videoconference before the Senate's Finance and Treasury Committee on personal income tax (IRPEF) reform (0900 GMT).

ASSIOM FOREX starts annual congress in digital version;, ends on Feb (0930 GMT)


((Milan newsroom, +39 02 6612 9507, fax +39 02 801149,
milan.newsroom@news.reuters.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/