Italy - Factors to watch on June 20

Acinque SpA

20/06/2018 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 .
    
    POLITICS
    European Union leaders will try to reassure Germany and
Italy over migration at a summit next week as a stand-off in
Berlin threatens Chancellor Angela Merkel's ruling coalition.
 urn:newsml:reuters.com:*:nL8N1TL2U6
    Rome, presentation of the annual report of the national
Transport Authority with Italian President Sergio Mattarella,
Senate Speaker Maria Elisabetta Alberti Casellati, Chamber of
Deputies Speaker Roberto Fico, Infrastrucutre and Transport
Minister Danilo Toninelli (0930 GMT).
    
    ECONOMY
    Rome, tax police foundation celebrates anniversary with
Economy Minister Giovanni Tria (0800 GMT).
    
    COMPANIES
    BANCA MONTE DEI PASCHI  BMPS.MI 
    DBRS Ratings said on Tuesday it confirmed the ratings of the
lender, including the Long-Term Issuer Rating of B (high) and
the Short-Term Issuer Rating of R-4. It added that the trend on
all ratings remains Stable.
    
    SALVATORE FERRAGAMO  SFER.MI 
    Italy's Ferragamo family, which controls the eponymous
luxury group, said on Tuesday it would sell a 3.5 percent stake
in the company through an accelerated book building (ABB).
 urn:newsml:reuters.com:*:nI6N1T900F
    
    BANCO BPM  BAMI.MI 
    The group said on Tuesday it completed the so-called Project
Exodus and that as a result the non-performing exposure ratio
would fall to 16.6 percent. It added that it opened a data room,
aimed at collecting interest from potential investors, for the
sale of further 3.5 billion euros in bad loans.  urn:newsml:reuters.com:*:nI6N1T900G
    A bad loan sale by Italy's third-largest bank is attracting
strong interest from investors who are also keen to buy its debt
collection business, two sources familiar with the matter said.
 urn:newsml:reuters.com:*:nL8N1TK1EP
    Suitors eyeing the debt recovery unit of the bank are
expected to take on bad loans for an amount close to the top of
a 3.5-10 billion euro ($4-$12 billion) range set by the Italian
bank, a source familiar with the bidding process
said. urn:newsml:reuters.com:*:nL8N1TL5PV
    
    TECHNOGYM   TGYM.MI 
    The group said on Tuesday it had signed a so-called Patent
box tax break agreement with the Italian tax agency and that
benefits were estimated at 9.8 million euros for the three-year
period between 2015 and 2017.  urn:newsml:reuters.com:*:nFWN1TL0LF
    
    SIAS  SIS.MI 
    The company said on Tuesday said it combined the post of
General Manager (GM) with the role of Managing Director and took
note of the termination of Umberto Tosoni as GM.  urn:newsml:reuters.com:*:nFWN1TL0L5   
        
    OVS  OVS.MI 
    Board meeting on Q1 results.
    
    YOOX NET-A-PORTER  YNAP.MI 
    Delisted as of Wednesday.
    
    ACSM-AGAM  ACAG.MI 
    Annual general meeting (0830 GMT).
    
    NEUROSOFT  NRST.MI 
    Annual general meeting (0800 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/