MILANO – The economic week opens again under the banner of the Recovery Plan. After the go-ahead in the CDM, the President of the Council Draghi is expected in Parliament between Monday and Tuesday for the presentation in the classroom of the text which will be sent to Brussels by 30 April. Eyes then on Friday onState which will release the first preliminary estimate of GDP in the first quarter of the year, which is still expected to decline for the last time given that a recovery is expected from the second half of the year. Also on Friday, after the unchanged opinion of S&P, that of Dbrs is also on the way.
On the financial side, there are two appointments watched carefully by investors. Spotlight first of all on the board of the Fed scheduled for Wednesday, with insiders still expecting interventions on monetary policy and in particular on the reduction of stimuli launched to support the economy. US economy which, like the Italian one, awaits the first preliminary estimate of GDP in the first quarter, expected in this case, however, to grow sharply. Another appointment awaited by investors is the meeting of the OPEC + countries, gathered to discuss the levels of oil production for the next few months after starting the withdrawal of the cuts at the beginning of April.
ALL APPOINTMENTS
MONDAY 26 APRIL
– Pensions: INPS event “30 years of reforms”. The president Pasquale Tridico participates.
– Banks: opening conference of Milano Capitali 2021.
Among others, the mayor of Milan, Giuseppe Sala, the EU Commissioner for Economic Affairs, Paolo Gentiloni, the Minister of Economic Development, Giancarlo Giorgetti, the vice-president of the EIB, Dario Sacannapieco, the president of Intesa Sanpaolo, Gian Maria Gros will participate. -Pietro, the president of Unicredit, Pier Carlo Padoan, the CEO of Banco Bpm, Giuseppe Castagna, and the general manager of ABI, Giovanni Sabatini.
– Mise: Blutec tables and Sider Alloys.
TUESDAY 27 APRIL
– Istat: consumer and business confidence in April.
– Istat: non-EU foreign trade in March.
– Banks: hearing of the CEO of Mps in the parliamentary commission of inquiry on the banking system.
– Asstra: webinar consumer’s forum with the Minister of Sustainable Infrastructures and Mobility, Enrico Giovannini, and the President of the Transport Regulatory Authority, Nicola Zaccheo.
– Government Bonds: short term BTPs and indexed BTPs auction.
– INPS: Observatory on income and citizenship pension.
– INPS: Observatory on para-subordinate workers.
– Set: Treofan table.
– Alitalia: hearing of the president of Ita, Francesco Caio, and of the CEO, Fabio Lazzerini, in the Transport Committee in the Chamber.
– Pa: hearing of Minister Renato Brunetta in the Constitutional Affairs Committee in the Senate.
WEDNESDAY 28 APRIL
– Set: Whirlpool table.
– Intesa Sp: shareholders’ meeting.
– Atlantia: shareholders’ meeting.
– Saipem: presentation of the first quarter results and media briefing of the CEO, Stefano Cao.
– Government Securities: Bot auction.
– Labor Festival: opening day. Participants, among others, the Minister of Labor, Andrea Orlando, and that of the PA, Rebato Brunetta.
– INPS: Observatory on retirement flows.
– USA: trade balance in March.
– USA: weekly oil stocks.
– Usa: meeting of the board of the Fed.
– Oil: OPEC Summit.
THURSDAY 29 APRIL
– Government Bonds: BTP auction.
– Environment: the Minister of Ecological Transition, Roberto Cingolani, participates in the presentation of the book by Edo Ronchi.
– Ocse: Taxing Wages 2021.
– Recovery: event organized by Il Sole 24 Ore. Participants, among others, are the Minister of Infrastructure and Sustainable Mobility, Enrico Giovannini, and that of Labor, Andrea Orlando.
– Istat: contractual wages in the first quarter – Istat: producer prices in March.
– Labor Festival: among others, the general secretary of the CISL, Luigi Sbarra, the minister of economic development, Giancarlo Giorgetti, and the president of INPS, Pasquale Tridico, participate.
– Kyoto club: 2021 Mobilization relationship with the Minister of Infrastructure and Sustainable Mobility, Enrico Giovannini.
– Transport: Ansfisa report on the safety of railways and road and motorway infrastructures. The Minister of Infrastructure and Sustainable Mobility, Enrico Giovannini, participates.
– Mise: Elica tables and Italian bus industry.
– Germany: unemployment rate in April.
– Germany: inflation in April.
– Usa: Pil I trimester.
– USA: new applications for weekly unemployment benefits.
FRIDAY 30 APRIL
– Dbrs :: Italy rating review.
– Fitch: Germany rating review.
– Eni: press release on the first quarter results and conference call.
– Bank of Italy: Report on financial stability.
– Istat: employed and unemployed in March.
– Istat: preliminary estimate of first quarter GDP.
– Istat: inflation in April.
– Mise: table on LFoundry.
– France: GDP I quarter.
– Germany: GDP I quarter.
– Eurozone: Pil I quarter.
– USA: labor costs in the first quarter.
– USA: consumer spending in March.
– USA: family confidence in April.
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