Categories: World

Italy – Factors to watch on October 15

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TDG Syndication

The following factors could affect Italian markets on Wednesday. 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 . ECONOMY Bank of Italy releases August data on public finances, state borrowing and debt. COMPANIES STELLANTIS The automaker on Tuesday announced plans to invest $13 billion over the next four years to grow its business in the United States and expand its manufacturing in the country by 50%. BANKS, INSURANCE COMPANIES Italy will garner resources from its banks and insurers to help fund its 2026-2028 budget, the Treasury said on Tuesday after the cabinet signed off on the draft package. Political sources said the financial sector would be called upon to contribute to state coffers with total resources worth between 4.5 and 5 billion euros ($5.80 billion) spread over several years. SNAM Spanish gas grid operator Enagas is in talks to acquire Singaporean sovereign wealth fund GIC's 32% stake in Terega, France's second-largest gas transmission operator, according to a Reuters exclusive. Snam is Terega's leading shareholder, with a 40.5% stake. TELECOMS Bouygues Telecom, Free-iliad Group and Orange said on Tuesday they had submitted a non-binding offer to acquire a large part of Altice's activities in France for a total enterprise value of 17 billion euros. LUXURY French luxury group LVMH on Tuesday named Maria Grazia Chiuri, the former Dior women's designer, as the new creative director of Italian fashion label Fendi, with a first collection to be presented in February. DIARY Economy Minister Giancarlo Giorgetti and Bank of Italy Governor Fabio Panetta attend FMI/WB-G20/G7 annual meetings in Washington (to October 17). Rome, Prime Minister Giorgia Meloni and King Abdullah of Jordan co-host meeting of the Aqaba Process on countering terrorism and extremism, focusing on West Africa (0800 GMT). Rome, Foreign Minister Antonio Tajani addresses Chamber of Deputies (0700 GMT) and the Senate (0900 GMT) on the situation in Gaza. Rome, Revenue Agency Director Vincenzo Carbone addresses Supervisory Committee on the tax registry (0630 GMT). Rome, Industry Ministry chairs meeting on the Italian fashion industry, to discuss the challenges of ultra fast fashion and of recent cases of alleged worker exploitation in the supply chain (0800 GMT). Rome, farmers lobby Coldiretti and The European House Ambrosetti end 23rd edition "International Forum on Agriculture and Food" (0730 GMT); on Wednesday expected attendees include ENI CEO Claudio Descalzi. Rome, Poste Italiane Chairwoman Silvia Maria Rovere as Consorzio ELIS President presents the semester project "Talent Generation" at 'ELIS CEO Meeting' (0830 GMT). Cernobbio, 'ComoLake' conference "Digital Innovation Forum" continues (0700 GMT); ends on October 17. On Wednesday expected attendees include state railways Ferrovie dello Stato (FS) CEO Stefano Antonio Donnarumma, Enel CEO Flavio Cattaneo. Naples, conference "Stop Piracy – European cooperation to combat piracy" (0730 GMT); expected attendees include communication Authority AGCOM President Giacomo Lasorella, Telecom Italia (TIM) CEO Pietro Labriola, soccer league Serie A CEO Luigi De Siervo. For Italian market data and news, click on codes in brackets: 20 biggest gainers (in percentage)............ 20 biggest losers (in percentage)............. FTSE IT allshare index FTSE Mib index........ FTSE Allstars index... FTSE Mid Cap index.... Block trades.......... Stories on Italy...... For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:............................... (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TDG Syndication
Published by TDG Syndication