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Italy - Factors to watch on April 2
Italy - Factors to watch on April 2
About this update from Snam S.p.a.
The following factors could affect Italian markets on Thursday.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 .DEBTTreasury to buy back at auction four BTP bonds worth up 3 billion euros in total and maturing between January 2027 and July 2028.Italy posted a state sector budget deficit of 32.8 billion euros ($38.09 billion) in March compared to a shortfall of 24.59 billion euros in the same month last year, the Treasury said in a statement on Wednesday.ECONOMYISTAT releases February retail sales data (0900 GMT).COMPANIES(*) POSTE ITALIANE MIL:PST, LEONARDO MIL:LDOThe Italian government is expected on Thursday to back outgoing CEO Matteo Del Fante for another term, Corriere della Sera daily reported, adding that the confirmation of Leonardo's CEO Roberto Cingolani was still uncertain.STELLANTIS MIL:STLAMThe automaker is discussing options for building electric vehicles in Canada with Chinese partner Zhejiang Leapmotor Technology HKEX:9863, Bloomberg News reported on Wednesday, citing people familiar with the matter.Stellantis' sales in the U.S. were up 4% year-on-year in the first quarter, with an improving market share, the company said.New car registrations in Italy rose in March by 7.6% year-on-year to 185,367 vehicles, transport ministry data showed on Wednesday. Stellantis outperformed the market with a 10.8% jump, Reuters calculations showed.UNICREDIT MIL:UCGThe lender said on Wednesday it was above the Minimum Requirements for Own Funds and Eligible Liabilities (MREL) set by Resolution Authorities.(*) SNAM MIL:SRGEnergy regulator ARERA has paused a government plan to sell gas reserves held by Snam and Gse to fund cuts in energy bills for energy-intensive businesses, as the move needs to be authorised by the EU under state aid rules, MF daily reported on Thursday.LUXURYGucci-owner Kering EURONEXT:KER on Wednesday announced a deal struck with Qatar's Al-Mirqab Group to sell it an 80% interest in its property on Via Monte Napoleone in Milan for 1.16 billion euros ($1.35 billion).(*) BFF MIL:BFFThe bank said on Wednesday that ratings agency Moody's had downgraded its long-term deposit rating to 'Baa3' from 'Baa2' and placed it on review for a further downgrade, after the Bank of Italy appointed commissioners to help with the l...