SPY423.32+0.21 0.05%
DIA339.35-0.10 -0.03%
IXIC14,271.32+18.05 0.13%

Italy - Factors to watch on May 11

05/11/2021 00:00
Italy - Factors to watch on May 11

The following factors could affect Italian markets on Tuesday.

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.


GENERAL

Italy reported 198 coronavirus-related deaths on Monday against 139 the day before, the health ministry said, while the daily tally of new infections fell to 5,080 from 8,292. nS8N2MD063


ECONOMY

ISTAT releases March industrial output data (0800 GMT) and monthly bulletin on the state of the economy in April (0900 GMT)

OECD releases April composite leading indicator (1000 GMT)

(*) The European Commission will forecast Italy's economy growing around 4% this year as part of spring estimates the EU executive is expected to release on Wednesday, daily La Repubblica said on Tuesday. nS8N2MD066


DEBT

Italy's Treasury said on Monday it would offer up to 9.25 billion euros in bonds at auction on May 13, including a new seven-year BTP bond with a 0.5% coupon. nS8N2MD065


COMPANIES


(*) UNICREDIT CRDI.MI

The lender said on Tuesday its share bay-back program of up to 178.7 million euros will start this week and may be completed by the end of July. nFWN2MX1UE


(*) INTESA SANPAOLO ISP.MI, UNCREDIT CRDI.MI, BANCO BPM BAMI.MI, MPS BMPS.MI

The four Italian lenders will send the European Central Bank on Tuesday a new set of data for the stress-test exercise that the ECB is carrying out to check the impact of the adverse shocks on the euro area's banks under challenging macro-economic scenarios, Il Messaggero reported.

ATLANTIA ATL.MI

The Italian infrastructure group said on Monday a larger portion of remuneration for both managers and employees was now linked to ESG targets under the company's new long-term incentive plans approved by 99.6% of investors at the recent AGM.

CAMPARI CPRI.MI

Campari said on Monday it would fund partner Tannico's purchase of French wine e-shop Ventealapropriete.com (VAP) as the Italian group taps into rising online alcohol sales. nL8N2MX54R


BREMBO BRBI.MI

The Italian premium brakes maker Brembo aims for full-year revenue to grow around 15% and margins on core earnings to come in at between 18.5% and 19% this year after posting strong first quarter results, its executive deputy chairman said on Monday. nL8N2MX39E

(*) Brembo's controlling family is willing to reduce its stake in the brakes maker in case of a tie-up that would guarantee the company a better position in the global market but excludes a sale of the company, Chairman and founder Alberto Bombassei told La Stampa in an interview. Bombassei added that Brembo, which owns 5% of Pirelli, has never thought about a takeover of the tyre maker but a collaboration between the two companies cannot be ruled out.


(*) ERG ERG.MI

The Italian renewable energy group will continue to invest in growth abroad, Chairman Edoardo Garrone told il Sole 24 Ore ahead of a new business plan, adding that the main focus for investment is in solar and wind energy.


MEDIASET MS.MI

Board meeting on Q1 results (1330 GMT)

Total advertising spending in Italy rose 3.4% in the first quarter and as much as 30.7% in March as the industry was gradually recovering from the coronavirus pandemic, research firm Nielsen said in a statement. nL8N2MX572


JUVENTUS JUVE.MI

Juventus will be excluded from next season's Serie A should the Italian soccer club decide to persist with the proposed European Super League project, the head of the Italian soccer federation (FIGC) said on Monday. nL1N2MX1FN


MEDIOBANCA MDBI.MI

Board meeting on Q3 results, followed by conference call (1300 GMT)


EDISON EDNn.MI

The Italian energy group, owned by France's EDF EDF.PA, is gearing up to sell a stake of up to 40% in its renewable energy generation arm as it seeks to capitalise on investor appetite for green assets, four sources familiar with the matter said. nL8N2MX5EK

Board meeting on Q1 results


SICIT SICT.MI

Leading shareholder Intesa Holding said on Monday that it stuck to a commitment to back the tender offer for Sicit launched by NB Renaissance, after Syngenta announced it planned to launch its own takeover offer. nFWN2MX1Q5


CIR CIRI.MI

The Italian company said on Monday it planned to launch a partial tender offer on 12.28% of its capital.


BANCA POPOLARE DI SONDRIO BPSI.MI

Annual general meeting (0800 GMT)


BANCA GENERALI BGN.MI

Board meeting on Q1 results, followed by conference call (1200 GMT)


BANCA MEDIOLANUM BMED.MI

Board meeting on Q1 results (0800 GMT), followed by conference call (1330 GMT)


SALVATORE FERRAGAMO SFER.MI

Board meeting on Q1 results, followed by conference call (1600 GMT)


SARAS SRS.MI

Board meeting on Q1 results (morning), followed by conference call (1430 GMT)

FINECOBANK FBK.MI

Board meeting on Q1 results


RCS MEDIAGROUP RCSM.MI

Board meeting on Q1 results


SAFILO GROUP SFLG.MI

Board meeting on Q1 results


DIARY

Online event on "The global banking forum, banking and finance between technological challenges and market opportunities" (0730 GMT), expected attendees include Credito Emiliano EMBI.MI Director General Nazzareno Gregori, Banca Monte dei Paschi di Siena BMPS.MI Chairwoman Patrizia Grieco, BlackRock MAGCX.O Italian unit Country Head Giovanni Sandri, Tamburi Investment Partners TIP.MI Chairman Giovanni Tamburi, Borsa Italiana CEO Raffaele Jerusalmi, Bank of Italy Deputy Governor Alessandra Perrazzelli.

Online event "2021 Italy Reputation Day" with Borsa Italiana CEO Raffaele Jerusalmi, Atlantia ATL.MI Chief Sustainability Officer Katia Riva (0800 GMT)


((Milan newsroom, +39 02 6612 9507, fax +39 02 801149,
[email protected]))


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/