Italy - Factors to watch on Nov. 12
12/11/2018 05:00
The following factors could affect Italian markets on Monday.
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
An Italian judge on Saturday acquitted Rome mayor Virginia
Raggi of false testimony in a trial over a senior job
appointment within city hall, defusing a possible crisis for her
party, the ruling 5-Star movement. urn:newsml:reuters.com:*:nL8N1XL0HX
Tens of thousands of people rallied in northern Italy on
Saturday in support of an ambitious Franco-Italian rail link,
known as TAV, and against the decision of the ruling
anti-establishment 5-Star Movement to reconsider the project.
urn:newsml:reuters.com:*:nL8N1XL0HG
Deputy Prime Minister Matteo Salvini said that Italy needed
more infrastructure projects and that it was best to complete
those that had been started, several dailies quoted him as
saying on Sunday. urn:newsml:reuters.com:*:nL8N1XM0FO
ECONOMY
Italy's economy minister is looking to revise down the
budget's growth forecast for next year to try to reach a deal
with the European Commission over fiscal policy, a government
source said on Sunday. urn:newsml:reuters.com:*:nL8N1XM13X
Deputy Prime Minister Matteo Salvini said on Sunday the
European Commission would not be happy with Italy's budget
response on Tuesday, but that results of the country's fiscal
policy would speak for themselves. urn:newsml:reuters.com:*:nL8N1XM123
ISTAT releases September industrial output data (0900 GMT).
OECD releases September composite leading indicator (1100
GMT).
DEBT
Treasury sells 5.5 billion euros 12-month BOT bills.
Subscriptions close at 1000 GMT.
COMPANIES
TELECOM ITALIA TLIT.MI
The board of Telecom Italia has given its Brazil unit
approval to make a non-binding offer for NII Holdings' NIHD.O
Nextel Brazil, three sources familiar with the matter said on
Friday, allowing for a potential deal that could boost its
market share in Latin America's largest economy. urn:newsml:reuters.com:*:nL8N1XK6EQ
Il Sole 24 Ore on Sunday reported that a document it had
seen envisaged the break up of the company including the spin
off of the group's network and its merger with broadband company
Open Fiber. It also included the sale of tower unit Inwit
INWT.MI , submarine network unit Sparkle and unit Tim Brazil.
The plan was drafted by a senior TIM manager, according to
sources, but TIM said there was no connection between the
document and the company, the report added.
Italy is preparing legislation that could lead to a merger
of Telecom Italia's network with smaller rival Open Fiber, an
issue that is causing friction between the phone group's CEO and
some board directors, sources close to the matter said on
Sunday. urn:newsml:reuters.com:*:nL8N1XM0GX
The phone group said there was no plan to call an
extraordinary board meeting next week, a spokesman said, after a
report said some directors were asking for one to push for the
resignation of Chief Executive Amos Genish. urn:newsml:reuters.com:*:nL8N1XM0GX
SAIPEM SPMI.MI
The court of Milan has rejected claim by 64 individual
investors for a 174 mln euro compensation against Saipem, the
company said on Friday. urn:newsml:reuters.com:*:nS8N1X503F
MONTE DEI PASCHI BMPS.MI
Monte dei Paschi said on Friday it had picked WRM as
potential buyer for bank's IT platform. urn:newsml:reuters.com:*:nS8N1X503E
BANCO BPM BAMI.MI
Morgan Stanley holds 7.6 pct of Banco BPM, mostly via
borrowed securities, a regulatory filing by the Italian market
watchdog showed on Friday. urn:newsml:reuters.com:*:nS8N1X503D
BANCA CARIGE CRGI.MI
Italy's interbank deposit protection fund (FITD) is ready to
inject between 220-370 million euros in the lender, to support
the bank's capital, Corriere della Sera reported on Sunday.
urn:newsml:reuters.com:*:nL8N1XM0J6
LEONARDO LDOF.MI
Italy's government plans cuts to the defence sector worth
500 million euros in 2019, Il Sole 24 Ore reported on Saturday,
adding that the state-controlled group would be hit by the
decision. The plans would include cuts to Italy's investments to
the programme of the NH90 helicopter, jointly produced by
Leonardo, Airbus AIR.PA and Dutch Fokker, and the one for the
surface-to-air missile CAMM ER, produced by consortium MDBDA,
which includes Airbus, BAE Systems and Leonardo.
BIO-ON ON.MI
Bio-On said on Friday it would cooperate with Unilever on
development of personal hygiene and care products. urn:newsml:reuters.com:*:nFWN1XK1EG
BEGHELLI BE.MI
Beghelli said on Friday it could not confirm 2018 forecasts
in terms of revenue and Ebitda. urn:newsml:reuters.com:*:nFWN1XK1E7
ALITALIA CAITLA.UL
Lufthansa LHAG.DE is considering a "shareholding
partnership" with the Italian airline, at certain set
conditions, Il Sole 24 Ore reported on Saturday, adding that top
management of the German carrier met Italy's Infrastructure and
Transport Undersecretary Armando Siri to discuss the matter.
"We do not comment on speculations," a Lufthansa spokesman
told Reuters on Saturday. Siri told Ansa news wire on Sunday he
had exchanged some information with Lufthansa, adding it was up
to the airline to make the next step.
AS ROMA ASR.MI
AS Roma forward Stephan El Shaarawy scored twice in the
second half to help his side thump Sampdoria 4-1 on Sunday in a
Serie A game which saw two penalties revoked -- one for each
side -- following VAR reviews. urn:newsml:reuters.com:*:nL8N1XM0YV
ELITE presents new companies admitted with President
Raffaele Jerusalmi, CEO Luca Peyrano, Invitalia CEO Domenico
Arcuri, SACE CEO Alessandro Decio (1330 GMT).
Board meetings on Q3 results: ACSM-AGAM ACAG.MI , BANCA
CARIGE CRGI.MI followed by conference call (1645 GMT), BANCA
POPOLARE DI SONDRIO BPSI.MI , CAREL CRLI.MI followed by
conference call, CREDITO VALTELLINESE PCVI.MI followed by
conference call (1730 GMT), GABETTI PROPERTY SOLUTIONS
GABI.MI , GIMA TT GIMA.MI , GRUPPO MUTIONLINE MOL.MI , IMA
IMAI.MI , MOLMED MLMD.MI , SABAF SABF.MI followed by
conference call (1400 GMT), ZUCCHI ZUCI.MI .
((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/