Italy - Factors to watch on June 24
24/06/2019 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 .
POLITICS
Italy's Deputy Prime Minister Matteo Salvini raised the
stakes in a budget tussle with Brussels on Friday by threatening
to resign and bring down the government unless he can push
through at least 10 billion euros ($11 billion) of tax cuts.
In separate remarks that may further complicate talks with
the European Commission over Italy's growing debt, Prime
Minister Giuseppe Conte, a technocrat who is seen as a moderate
voice in Rome's eurosceptic executive, sided with Salvini after
a summit with EU leaders in Brussels. urn:newsml:reuters.com:*:nL8N23S0LD
ECONOMY
Assogestioni expected to release May fund flows data.
DEBT
Italy needs to respect its fiscal targets if it wants to
retain the confidence of investors over its capacity to repay
its debt, Bank of Italy governor Ignazio Visco said on Saturday,
as Rome faces a budget tussle with Brussels. urn:newsml:reuters.com:*:nL8N23T0IX
Italy Treasury to sell 6 bln euros of 6-mth bills on June
26.
Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on June 27.
COMPANIES
FTSE share indexes revision effective as of Monday.
FIAT CHRYSLER FCHA.MI
A vote by Nissan shareholders this week could pave the way
for Fiat Chrysler and Renault to resume their $40 billion merger
talks, the Wall Street Journal reported on Sunday.
Executives of Fiat Chrysler, Renault and Nissan remain open
to the idea that the deal could return, although they caution
that conditions imposed by each side could hobble attempts to
restart discussions, WSJ said citing people familiar with their
thinking.
ATLANTIA ATL.MI
The infrastructure group said on Friday it had received many
expressions of interest for its unit Telepass but added it was
not engaged in any negotiation for the sale of a minority stake
in the toll-road payment company. urn:newsml:reuters.com:*:nR1N1H600F
Italian toll-road operators hope to be able to discuss with
the government newly introduced changes to the tariff system
before they become effective, two industry sources said on
Friday. urn:newsml:reuters.com:*:nL8N23S3AC
CARIGE CRGI.MI
U.S. private equity fund Apollo Global Management APO.N is
expected to present a new draft rescue plan for the Italian
troubled bank to the European Central Bank's supervisory board
on June 26, Il Messaggero reported on Saturday adding that the
offer would call for a capital increase of 630 million euros.
La Repubblica reported on Sunday that Apollo is no longer in
the race. The FITD deposit guarantee fund was to become Carige’s
main investor, Repubblica said adding that the FITD fund was due
to meet Monday for a final decision.
LEONARDO LDOF.MI
The aerospace and defence company is considering bidding,
together with its French partner, for MDA Corporation, a
Canadian space and defence company controlled by U.S. Maxar
urn:newsml:reuters.com:*:nL2N23L1FW, La Repubblica reported on Saturday. In November,
the Space Alliance formed by Telespazio (Leonardo 67%, Thales
33%) and Thales Alenia Space (Thales 67%, Leonardo 33%) took a
stake in NorthStar Earth & Space Inc., a Montreal based
information services company.
TIM TLIT.MI
The phone group is expected to hold a meeting of its
strategic committee ahead of next Thursday board meeting over
the future of its network.
BIESSE BSS.MI
The industrial machine maker lowered its 2019 guidance for
sales and margins due to a slowdown in the industry, the company
said on Friday. It also assumed a shift to 2022 of the targets
previously set for 2021. urn:newsml:reuters.com:*:nBIA6hmLT6
ALKEMY ALKE.MI
Ordinary and extraordinary shareholders' meetings (0700
GMT).
AS ROMA ASR.MI
Ordinary and extraordinary shareholders' meeting (1300 GMT).
CHL CHL.MI
Annual and extraordinary shareholders' meetings (1300 GMT).
COSTAMP GROUP MOLDC.MI
Annual general meeting (0830 GMT).
Trade ex-dividend: ACEA ACE.MI of 0.71 euro per share;
ACSM-AGAM ACAG.MI of 0.07 euro per share; AMBIENTHESIS
ATH.MI of 0.0080 euro per share; AUTOGRILL AGL.MI of 0.20
euro per share; CAREL INDUSTRIES CRLI.MI of 0.10 euro per
share; DIGITOUCH DGT.MI of 0.02 euro per share; EXOR EXOR.MI
of 0.43 euro per share; HERA HRA.MI of 0.10 euro per share;
IREN IREE.MI of 0.084 euro per share; MASI AGRICOLA MASIA.MI
of 0.10 euro per share; POSTE ITALIANE PST.MI of 0.441 euro
per ordinary share; PRYSMIAN PRY.MI of 0.43 euro per share;
SNAM SRG.MI of 0.1358 euro per share as final dividend (0.0905
euro per share as interim dividend on Jan. 21, 2019); TELECOM
ITALIA TLIT.MI (TIM) of 0.0275 euro per saving share; TERNA
TRN.MI of 0.1545 euro per share as final dividend (0.0787 euro
per share as interim dividend on Nov. 19, 2018), UNIEURO
UNIR.MI of 1.07 euros per share.
DIARY
Rome, Economy Minister Giovanni Tria to attend a Financial
Police conference (0830 GMT)
Taranto, Deputy Prime Minister Luigi Di Maio meets local
authorities over ILVA's steel plant. Di Maio will brief press
(0900 GMT) and hold a press conference (1300 GMT)
Milan, Illimity Bank ILTY.MI CEO Corrado Passera attends
"Game changers" conference (0950 GMT).
Milan, Deputy Economy Minister Massimo Garavaglia attends
conference on fiscal issues (1230 GMT).
Lausanne, Olimpic Committee due to release decision on
assignment of 2026 Winter Olimpic Games to Milan/Cortina or to
Stockholm.
((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/