Italy - Factors to watch on June 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.
DEBT
Italy's Treasury said on Monday it would sell up to 9 billion euros in bonds at a June 13 auction, including a new three-year BTP.
French and Italian borrowing costs touched multi-month highs on Monday and the premium investors demand to hold the countries' bonds rose after eurosceptics gained in a EU-wide vote and France called a snap parliamentary election.
ECONOMY
Bank of Italy releases April data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks.
COMPANIES
(*) BANCO BPM BAMI.MI
Morgan Stanley cut its recommendation to 'equal-weight' from 'overweight' and raised its target price to 7.7 euros from 7.1 euros.
(*) POSTE ITALIANE PST.MI
The company said on Monday it held 10,781,802 own shares, or 0.825% of its share capital, after having completed the first tranche of its buy-back programme. The shares were bought at an average price of 12.80 euros for a total value of around €14.9 million euros.
(*) MAIRE MTCM.MI
The engineering group has completely left Russia and is now focusing on the Middle East and Asia, Chairman Fabrizio Di Amato told Il Giornale in an interview published on Tuesday.
(*) DOVALUE DOVA.MI
The Italian bad loan manager said on Tuesday a high court in Madrid rejected an appeal by Altamira against a decision that required it to make a payment to Dovalue related to a tax claim. As a result, Dovalue will record a financial gain of 22.7 million euros, impacting net income by about 0.28 euros per share in the first half of 2024, the statement added.
FINCANTIERI FCT.MI
Ordinary and extraordinary shareholders' meetings (0930 GMT).
DIARY
Foreign Minister Antonio Tajani takes part in 'Ukraine Recovery Conference' in Berlin (080 GMT); signs Memorandum of Understanding with Ukraine for the reconstruction of the city and region of Odesa.
Rome, conference "The digital transition between technology, economy and demographics towards a new financial ecosystem" with Bank of Italy Vice Governor Alessandra Perrazzelli, market regulator CONSOB Commissioner Carlo Comporti, Digital Italy Agency (AGID) Director General Mario Nobile (1400 GMT).
Rome, Industry Ministry meets representatives from Automotive Cells company (ACC) on gigafactory in Termoli (1200 GMT).
Cernusco sul Naviglio, Industrie De Nora DNR.MI and Snam SRG.MI hold "Groundbreaking Ceremony Gigafactory" (0800 GMT); De Nora CEO Paolo Dellacha and Snam CEO Stefano Venier deliver welcome addresses (0800 GMT); Industry Minister Adolfo Urso gives speech by videomessage (0845 GMT).
Fiumicino, ITA Airways meets trade unions (1230 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/
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