off-the-wire

Italy - Factors to watch on Feb. 7

Kitco Media
By Reuters
Published:
Updated:
Reuters
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 . POLITICS Italy intends to use funds coming from the European Union under the so-called REPowerEU plan to completely wean itself off Russian gas and turn the country into an energy hub for the bloc, Prime Minister Giorgia Meloni said in a statement. ECONOMY Bank of Italy releases January data on Target 2 liabilities and European Central Bank funding to Italian banks. DEBT Italy's Treasury said it would offer a new inflation-linked BTP Italia bond between March 6-9. Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on Feb. 10. COMPANIES (*) TELECOM ITALIA The non-binding offer for TIM's landline grid submitted by U.S. investment firm KKR has a duration of four weeks and it will expire on Feb. 28, Italy's biggest phone group said on Monday.


Italian state lender CDP is talking "at a very preliminary stage" with other funds, including U.S. investment fund Blackstone , for a possible bid for TIM's grid, daily Il Sole 24 Ore reported.


(*) CNH INDUSTRIAL The Italian-American farming and construction machine maker started a second tranche of $50 million of its share buyback program, it said on Monday.


ENEL The Italian energy group has entered exclusive talks to sell a stake in 3Sun, its photovoltaic panel production site in Sicily, Chief Executive Francesco Starace said on Monday. (*) MONTE DEI PASCHI The bank is considering selling some MPS Leasing & Factoring's assets, including non-performing credit leasing, daily MF reported. INTESA SANPAOLO Italy's biggest bank will launch a second 1.7 billion euro share buyback on Feb. 13, it said in a statement.


CREDITO EMILIANO Conference call on preliminary FY results (0900 GMT). BANCO BPM Board meeting on FY results, followed by conference call (1700 GMT). FINECOBANK Board meeting on FY results, followed by conference call (1430 GMT). BANCA POPOLARE DI SONDRIO Board meeting on FY results, followed by conference call (1500 GMT). (*) LAZIO Lazio missed the chance to go third in the Serie A standings after being held to a 1-1 draw at Hellas Verona on Monday. IPO, EUROGROUP LAMINATIONS Investors vying for a slice of the Italian industrial company in its initial public offering (IPO) have been told to place orders in the top half of the proposed price range to avoid being outbid, a bookrunner note said on Monday. DIARY Tenaris unveils its decarbonisation strategy (0800 GMT) in an online event held by Society of Petroleum Engineers (SPE). Rome, Economy ministry holds presentation of the 2023 numismatic collection with Economy Minister Giancarlo Giorgetti (1400 GMT). Rome, The European House Ambrosetti and Eni hold official presentation of the strategy study "Proposal for a Zero Carbon technology roadmap" (1500 GMT); expected attendees include Eni CEO Claudio Descalzi and Environment and Energy Security Minister Gilberto Pichetto Fratin. Milan, conference "Europe: (which) growth wanted?" with EU Economy Commissioner Head of Cabinet Marco Buti, Marcegaglia Holding President and CEO Emma Marcegaglia (1400 GMT).

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:...............................
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