Italy - Factors to watch on September 13
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
Two Italian ministers criticised the European Central Bank after it cut interest rates by a quarter of a percentage point on Thursday, saying the move was insufficient and showed a lack of courage.
COMPANIES
UNICREDIT CRDI.MI
UniCredit's investment in Germany's Commerzbank CBKG.DE has laid the basis for talks over a tie-up that could help Europe build stronger banks to compete with U.S. and Asian rivals, CEO Andrea Orcel said on Thursday.
UniCredit's opening gambit in a takeover play for Commerzbank has rekindled a debate about the future of German banking, prompting Berlin to pause selling shares in the lender and turning the spotlight on Deutsche Bank as a possible rival suitor.
(*) A possible tie-up between the banks depends on business models and must serve competitiveness, the president of Germany's central bank Joachim Nagel said in a radio interview on Friday.
ENI ENI.MI
The Italian energy company has broadened the powers of its finance chief as part of a sweeping business reorganisation unveiled on Thursday, giving him responsibility to oversee its Enilive and Plenitude energy transition units.
AUTOS, STELLANTIS STLAM.MI
China's Dongfeng Motor Group 0489.HK needs to evaluate sales prospects in Europe before deciding on the possible opening of a factory in Italy or elsewhere the region, one of its top executives said on Thursday.
(*) Stellantis will suspend production of the fully electric Fiat 500 small car for four weeks due to sluggish demand, it said on Thursday.
ENEL ENEI.MI
On the occasion of its CEO Flavio Cattaneo visiting the country, the Italian utility confirmed on Thursday plans to invest around 3.2 billion euros in Brasil over the 2024-2026 period.
BANCO BPM BAMI.MI
The Italian bank has decided to sell real estate assets with an overall book value of around 295 million euros, it said on Thursday.
(*) DOVALUE DOVA.MI
The Italian debt collector said on Friday that its Greek unit doValue Greece had signed a real estate asset management contract with a major local bank with a net book value of around 200 million euros ($221.64 million).
DIARY
Economy Minister Giancarlo Giorgetti attends informal meeting of EU Economy and Finance ministers in Budapest (to Sept. 14).
Cagliari, G7 'Labour and employment' ministerial meeting ends.
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/
($1 = 0.9024 euros)
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
