Italy - Factors to watch on Dec. 16
16/12/2019 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
ISTAT releases November CPI and HICP final data (0900 GMT).
Bank of Italy releases October data on public finances,
state borrowing and debt.
COMPANIES
ITALIAN BANKS
Italy's government approved late on Sunday an emergency
decree granting a lifeline of up to 900 million euro ($992
million) lifeline to cooperative bank Popolare di Bari, in the
latest state bailout of an ailing lender. L8N28P0QK
The Bank of Italy placed the lender under special
administration on Friday. urn:newsml:reuters.com:*:nL8N28N18G
FCA FCHA.MI
Fiat Chrysler and French carmaker PSA could announce a
memorandum of understanding paving the way for their merger on
Tuesday or Wednesday, according to La Repubblica and Il Sole 24
Ore on Saturday.
The French partners in the planned merger between PSA and
Fiat Chrysler are seeking reassurances before the deal is signed
that the number of seats they are allotted under the draft deal
will not change if CEO Carlos Tavares leaves, two sources close
to PSA told Reuters. urn:newsml:reuters.com:*:nP6N2860A0
ATLANTIA ATL.MI
The Italian infrastructure group suspended a tranche of a 13
million euro ($14.33 million) severance payout to former Chief
Executive Giovanni Castellucci over issues arising from
investigations being carried out by judicial authorities.
urn:newsml:reuters.com:*:nL8N28N526
In a separate statement Atlantia said on Friday its board
revoked the powers temporarily given to the executive committee
passing them to the Chairman and the General Manager.
urn:newsml:reuters.com:*:nFWN28N0PB
BANCA CARIGE CRGI.MI (shares suspended from trading)
The bank's shareholders bought around 17 million euros of an
overall 700 million euro capital increase for the bank, enough
for shares in the Italian lender to remain listed, Carige said
on Friday. urn:newsml:reuters.com:*:nBIAbBXKgM
NEXI NEXII.MI , SIA, ITALIAN BOURSE
State holding CDP is taking steps accelerate a possible
merger of payment services group SIA with Nexi, and against that
backdrop, SIA is also considering a plan to buy Borsa Italiana
from the London Stock Exchange as part of an overall deal that
could be worth at least 2 billion euros, Il Sole 24 Ore said on
Saturday. It said SIA was already in talks to buy a stake in the
MTS bond trading platform.
BANCO DI DESIO E DELLA BRIANZA DESI.MI
The bank has hired Boston Consulting to help it draft a
strategic plan to 2023, Il Sole 24 ore said on Saturday.
BANCA POPOLARE DI SONDRIO BPSI.MI
The bank said on Saturday it fully meets the minimum capital
requirements set by the European Central Bank for 2020. It said
the ECB had set a minimum Common Equity Tier 1 ratio of 10%, up
for 9.25% previously. urn:newsml:reuters.com:*:nBIA3kT6D7
GISMONDI 1754
High-end jewellery company Gismondi 1754 debuts on AIM
segment.
STMICROELECTRONICS STM.MI
Trades ex-dividend of 0.06 U.S. dollars as quarterly
dividend.
DIARY
Rome, Senate due to vote confidence on budget (1430 GMT).
Rome, ruling coalition meeting on various issues.
((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/