Italy - Factors to watch on Dec. 16

4Aim SICAF SpA

16/12/2020 05:00

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
 IT/DIA .
    
    GENERAL
    Italy reported 846 coronavirus-related deaths on Tuesday
against 491 the day before, the health ministry said, while the
daily tally of new infections rose to 14,844 from 12,030.
 urn:newsml:reuters.com:*:nR1N2DB00L
    
    POLITICS
    Italy may tighten restrictions over Christmas to limit the
spread of COVID-19 infections, Prime Minister Giuseppe Conte
said on Tuesday as he urged Italians to avoid "irresponsible"
gatherings during the holiday period.  urn:newsml:reuters.com:*:nL1N2IV24D
    
    ECONOMY
    ISTAT releases October orders and sales data (0900 GMT).
    
    DEBT
    Treasury buys-back following bonds: CTZ due June 29, 2021;
4.75% BTP due Sept. 1, 2021; 2.30% BTP due Oct. 15, 2021; 0.35%
BTP due Nov. 1, 2021; CTZ due Nov. 29, 2021.  urn:newsml:reuters.com:*:nL8N2IU41K
    
    COMPANIES
    BANCO BPM  BAMI.MI , CATTOLICA ASSICURAZIONI  CASS.MI 
    Italy's Banco BPM said on Tuesday it would end an insurance
partnership with Cattolica by acquiring full control of their
joint-ventures, in a move that may ease a mooted tie-up with
BPER Banca  EMII.MI .  urn:newsml:reuters.com:*:nL8N2IV5A4
    
    TELECOM ITALIA  TLIT.MI , MEDIASET  MS.MI 
    Italy's communications watchdog AGCOM said on Tuesday it had
opened an inquiry into French media giant Vivendi's stakes in
commercial broadcaster Mediaset and the country's biggest phone
group Telecom Italia.  urn:newsml:reuters.com:*:nL8N2IV517
    Fitch Ratings said on Tuesday that the potential acquisition
of the mobile operations of Brazil's Oi SA  OIBR4.SA  by the
consortium formed by TIM Participacoes, Telefonica Brasil SA
 VIVT3.SA  and Claro, controlled by America Movil  AMXL.MX ,
does not affect the credit quality of the three buyers.  urn:newsml:reuters.com:*:nFit5N3yfm
        
    INTESA SANPAOLO  ISP.MI 
    Chief Executive Carlo Messina said on Tuesday the bank had
already done its part in a consolidation wave in Italy that the
rest of the sector would not be able to avoid.  urn:newsml:reuters.com:*:nS8N2HQ04M
    Messina warned that adding political instability to the
uncertainty Italy now faced due to the coronavirus pandemic
risked creating a "perfect storm".  urn:newsml:reuters.com:*:nL1N2IV21X
    
    LEONARDO  LDOF.MI 
    The defence group and its joint ventures with France's
Thales  TCFP.PA , Thales Alenia Space and Telespazio, have
agreed with Italy's ministry of defence and the Italian Space
Agency to develop two satellites, the aerospace company said on
Tuesday. The contracts would have a total value of around 300
million euros.  urn:newsml:reuters.com:*:nL8N2IV5AI
    
   BANKS
   Italy is working to extend by 12 months a state guarantee
scheme designed to help banks shed problem loans, two sources
familiar with the matter said on Tuesday, as the industry braces
for a surge in pandemic-driven defaults.  urn:newsml:reuters.com:*:nL1N2IV22P
    The European Central Bank decided on Tuesday to let banks
pay out part of their cumulated 2019-2020 profits to
shareholders if they have enough capital, easing a blanket ban
on dividends and buybacks set during the first wave of the
coronavirus crisis.  urn:newsml:reuters.com:*:nL8N2IV5J3
    
    OVS  OVS.MI 
    Italy's clothing retailer said on Tuesday it had submitted a
binding offer for the Stefanel brand and some other assets of
the troubled clothing group of the same name, which is now under
special administration.  urn:newsml:reuters.com:*:nL8N2IV4XX
    The company holds a onference call on Q3 results (1400 GMT).
    
    COMAL IMPIANTI  CMLA.MI 
    The company, which operates in the plant engineering sector
for solar energy production, debuts on AIM segment.
    
    DIARY
    Italian banking association (ABI) holds online meeting, ECB
board member Andrea Enria gives presentation (1400 GMT).
    Gran Sasso Science Institute holds online 2020-2021 academic
year inauguration ceremony with University and Research Minister
Gaetano Manfredi (1000 GMT); Bank of Italy Governor Ignazio
Visco gives speech "Economy, Innovation, Knowledge".
    'Alternative Investment Funds' ends online event on "The
future of alternative investments: the market view" (0830 GMT);
expected attendees on Wednesday include Milan Stock Exchange CEO
Raffaele Jerusalmi, BlackRock Italian unit Managing Director and
Head Giovanni Sandri, 4AIM SICAF  4AIM.MI  Chairman Giovanni
Natali, NB Aurora SICAV  NBAA.MI  Managing Director Francesco
Sogaro,  London Stock Exchange Group representative Michele
Troiani.
    Centro Studi Promotor holds online news conference on "The
situation and prospects of the economy and the car market in
2021, 2022 and 2023" (1000 GMT).
    Digital event "Sport & Business Summit, a new future for the
sports industry" with Emilia Romagna region Governor Stefano
Bonaccini, Italian Olympic Games Committee (CONI) President
Giovanni Malago, soccer league Serie A CEO Luigi De Siervo (1400
GMT).
    Online event on "The 5G for economic recovery: Italy's
roadmap" with Industry Ministry Undersecretary Mirella Liuzzi,
Digital360  DIGT.MI  Chairman Andrea Rangone, Huawei  HWT.UL 
Italian unit Vice Country Manager Massimo Mazzocchini (1600
GMT).
    Italian Fashion Chamber (CNMI) holds digital news conference
on "Social Sustainability Report: a survey on wage practices
among luxury fashion suppliers in Italy" with President Carlo
Capasa (1400 GMT).
    Rome, Indonesian Ambassador Esti Andayani informally speaks
before Chamber of Deputies Foreign Affairs and EU Policy
committees on the priorities of Italian G20 Presidency (1000
GMT).
    Rome, Chamber of Deputies Speaker Roberto Fico attends
season's greetings event with parliamentary press (1000 GMT);
meets via videoconference Knesset President Yariv Levin (1500
GMT), Sport Salute SpA Chairman and CEO Vito Cozzoli (1630 GMT).
    Rome, representatives of Federmanager (0830 GMT) and of
ArcelorMittal Italian unit (0900 GMT) due to informally speak
via videoconference before Chamber of Deputies Industry and
Labour committees on industrial and employment prospects of the
former ILVA steel plants.
    Rome, Senate Defence Committee meets on immigration and
security law decrees (0730 GMT).
    Rome, state railways Ferrovie dello Stato CEO Gianfranco
Battisti (1045 GMT), President of the observatory for the
realisation of the railway axis Turin-Lion Claudio Palomba (1130
GMT); Tunnel Euralpin Lyon Turin (TELT) Director General Mario
Virano (1215 GMT); Piedmont region representatives (1500 GMT);
Transport Regulatory Authority (ART) President Nicola Zaccheo
(1530 GMT); Turin Mayor Chiara Appendino (1600 GMT) due to speak
via videoconference before Chamber of Deputies Transport
Committee for the new Turin-Lyon railway line.
    Rome, Italia Trasporto Aereo SpA Chairman Francesco Caio and
CEO Francesco Lazzerini speak before Senate Public Works
Committee on the preparation of the company's business plan
(1230 GMT).
    Rome, Lazio region administrative court rules on Vivendi
 VIV.PA 's request to cancell communication authority (AGCOM)'s
resolution freezing 2/3 of the voting rights of its stake in
Mediaset  MS.MI  (1100 GMT).
    
    ((Milan newsroom, +39 02 6612 9507, fax +39 02 801149, 
milan.newsroom@news.reuters.com))
    
    For Italian market data and news, click on codes in 
brackets:

    20 biggest gainers (in percentage)............ .PG.MI 
    20 biggest losers (in percentage)............. .PL.MI 
    FTSE IT allshare index  .FTITLMS 
    FTSE Mib index........  .FTMIB 
    FTSE Allstars index...  .FTSTAR 
    FTSE Mid Cap index....  .FTITMC 
    Block trades..........  .BLK.MI 
    Stories on Italy......  IT-LEN 
    
    For pan-European market data and news, click on codes in 
 brackets:
  European Equities speed guide................... EUR/EQUITY 
  FTSEurofirst 300 index.............................. .FTEU3 
  DJ STOXX index...................................... .STOXX 
  Top 10 STOXX sectors........................... .PGL.STOXXS 
  Top 10 EUROSTOXX sectors...................... .PGL.STOXXES 
  Top 10 Eurofirst 300 sectors................... .PGL.FTEU3S 
  Top 25 European pct gainers....................... .PG.PEUR 
  Top 25 European pct losers........................ .PL.PEUR 
 
  Main stock markets:
  Dow Jones............... .DJI   Wall Street report ..... .N 
  Nikkei 225............. .N225   Tokyo report............ .T 
  FTSE 100............... .FTSE   London report........... .L 
  Xetra DAX............. .GDAXI   Frankfurt market stories .F 
  CAC-40................. .FCHI   Paris market stories... .PA 
  World Indices..................................... 0#.INDEX 
  Reuters survey of world bourse outlook......... EQUITYPOLL1 
  Western European IPO diary.......................... WEUIPO 
  European Asset Allocation........................ EUR/ASSET 
  Reuters News at a Glance: Equities............... TOP/EQE 
  Main currency report:............................... FRX/