Italy - Factors to watch on Jan. 6

algoWatt SpA

06/01/2020 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 .
    
    ECONOMY
    HIS Markit releases December service Pmi data (0845 GMT).
    
    COMPANIES
    ATLANTIA  ATL.MI  
    The Italian infrastructure group on Friday suffered its
second debt downgrade in a month, slipping further into junk
territory, as the government considers revoking the group's
motorway concession following a deadly bridge collapse.
 urn:newsml:reuters.com:*:nL8N298106
    Atlantia risks going bankrupt if Italy's government revokes
its motorway licence with limited compensation, the
infrastructure group's CEO told an Italian daily on Saturday,
adding an alternative compromise could be found. urn:newsml:reuters.com:*:nL8N29907K
    Atlantia's board confirmed at a meeting on Friday plans to
take legal action against new measures curbing compensation for
an early termination of the contract if the government does not
move to amend the new rule by the end of the month, Il
Messaggero reported on Saturday. 
    
    FIAT CHRYSLER AUTOMOBILES  FCHA.MI  
    Exor and the Peugeot family are informally discussing
creating a shareholder pact that would bring together 22.5% of
the merged company's capital, Il Sole 24 Ore reported on
Saturday. 
    
    BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI 
    Italy's Treasury has reached a compromise with the EU
Commission over a controversial plan to rid the Tuscan bank of
9.5-10.0 billion euros in bad loans without forcing it to raise
fresh capital, Il Messaggero reported on Saturday. However,
Brussels has asked the bank to provide with 1 billion euros in
capital a vehicle where the bad loans would be spun off, higher
than the 600 million euros envisaged by the Treasury's plan but
manageable, the paper said.
    
    UBI  UBI.MI 
    The ECB has until mid-January to okay the by-laws of a
shareholder pact recently formed among the bank's leading
investors, la Repubblica reported on Saturday.

    AZIMUT  AZMT.MI 
    Chairman Pietro Giuliani told Milano Finanza on Saturday the
group would close the year with a net profit well above 300
million euros, adding Azimut would remain independent.
    
    POPOLARE DI SONDRIO  BPSI.MI 
    The Italian cooperative bank said on Friday it expected
gross soured loans to fall to around 9% of total lending by the
end of the first quarter from 12.5% in 2019, adding full-year
results would be higher than in the previous year.  urn:newsml:reuters.com:*:nFWN29808J
    
    TENARIS  TENR.MI 
    The steel tubes supplier said on Saturday it had the
acquisition of U.S. seamless pipes producer IPSCO Tubulars from
PAO TMK, for $1.07 billion on a cash-free, debt-free basis,
including $220 million of working capital. 
    
    Bourse After Hours market closed.
    
    ((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/