Italy – Factors to consider on May 28| Instant News


The following factors can affect the Italian market on Thursday.

Reuters has not yet verified newspaper reports, and cannot guarantee its accuracy. New items are marked with (*).

For a complete list of diary events in Italy, please click.

ECONOMY

ISTAT releases consumer data and business confidence in May (0800 GMT); April non-EU foreign trade (0900 GMT); April and Q1 producer prices (1000 GMT).

VIRUS CORONA

Deaths from the COVID-19 epidemic in Italy rose 117 on Wednesday, against 78 the previous day, the Civil Protection Agency said, while the daily number of new cases rose to 584 from 397 on Tuesday.

ATLANTIA

A meeting between Italian Prime Minister Giuseppe Conte and coalition allies on Wednesday to try to resolve disputes over the Atlantia toll road business did not make progress, said two government sources.

A spokesman for the prime minister’s office later said that the talks were “useful” for reviewing “fine files” and that there will be further analysis of the issue over the next few days.

Atlantia said on Wednesday that traffic on Italian highways fell 45.9% year-on-year last week.

SALVATORE FERRAGAMO

Italian luxury group Salvatore Ferragamo has recalled former CEO Michele Norsa as executive director to help management change brands and cope with storm COVID-19.

PRYSMIAN

Ailes Marines – responsible for the development, construction, installation and operation of the offshore wind farm in the Saint-Brieuc bay – has awarded the Prysmian Group a contract worth around 80 million euros.

ITALIAN BANK

The Italian deposit fund FITD said on Wednesday that it would inject 1.17 billion euros into Popolare in Bari, as part of a 1.6 billion euro rescue scheme.

EDISON

Edison savings shareholders’ meeting was decided by a majority vote to leave legal action before the Milan Court to oppose Edison’s financial statements in 2018.

Impermanence

Illimity Bank said on Wednesday that it would buy the remaining 30% at the IT Auction.

DIARY

Rome, economist Carlo Cottarelli speaks before the Senate and Chamber of Deputies Budget committee about the latest government stimulus package (1615 GMT).

Rome, UBI Banca representative speaks before the Parliamentary Committee for the Security of the Republic of COPASIR (0800 GMT).

Rome, Sports Minister Vincenzo Spadafora meets with representatives of the Italian football federation FIGC and the Serie A league when restarting the Serie A season (1630 GMT).

Rome, Regional Affairs Minister Francesco Boccia spoke before the Deputy Parliamentary Committee for the implementation of fiscal federalism (0615 GMT).

Rome, market regulator Consob President Paolo Savona, Secretary General Carlo Deodato, Market Division Manager Maria Antonietta Scopelliti speaking before the Chamber of the Parliamentary Deputy Committee on Investigation Committee on the Banking and Financial System (0615 GMT).

European Union Commissioner for Economic and Financial Affairs Paolo Gentiloni attended the conference through the banking conference of the Italian ABI Council Association (1500 GMT).

The online event “SACE for Italy: a guarantee to restart” with SACE President Rodolfo Errore, Italian banking association ABI Director General Giovanni Sabatini, SACE Chief Economist Alessandro Terzulli, OVS CEO Stefano Beraldo, Deputy Director General ABI Gianfranco Torriero; SACE CEO Pierfrancesco Latini provided the closing address (0900 GMT).

Asvis Live held a video conference “Towards transformative recovery in the name of resilience and sustainability”, expected participants included Industry Minister Stefano Patuanelli, Lavazza CEO Antonio Baravalle, CEO of Telecom Italia (TIM) Luigi Gubitosi, CEO of Enel Francesco Starace (1330 GMT).

“Milano Digital Week” continues the online edition; ends on May 30.

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