Italy - Factors to watch on February 24
24/02/2014 07:48
POLITICS Centre-left leader Matteo Renzi took office on Saturday as his country's youngest prime minister, facing pressure to show immediate results after he forced out his predecessor over the slow pace of economic reforms. urn:newsml:reuters.com:*:nL6N0LR0QD * Italian Prime Minister Matteo Renzi faces his first test before a fractious national parliament when he goes before the Senate on Monday to put flesh on his ambitious reform plans and seek to win a confidence vote in his newly installed government. ID:nL6N0LS0UH DEBT * Graziano Delrio, chief of staff to new Italian Prime Minister Matteo Renzi, said the government may consider hiking taxes on Italian government debt, currently at 12.5 percent, and other financial instruments, to bring Italy more into line with the European average. Treasury announces sale of BTPs, with relative amounts to be auctioned on Feb. 27. COMPANIES FINMECCANICA SIFI.MI Two Chinese companies, China Cnr Corporation and Insigma, have sent a letter of intent to Finmeccanica to express their interest in buying Ansaldo STS and loss-making Asakdo-Breda. The companies, according to an unsourced report in Corriere della Sera on Saturday, would be prepared to flank an Italian investor such as the state holding CDP's investment arm FSI. CARIGE CRGI.MI The Carige foundation controlling the bank has aksed the Bank of Italy whether a delay in the capital increase was possible, but was told to press ahead with the cash call, Il Sole 24 Ore said on Sunday. The foundation's board meets on Monday. MONCLER MONC.MI Board meeting on preliminary FY results; followed by conference call (1700 GMT). TRIBOO MEDIA Online advertising planning company Triboo Media holds roadshow to present listing project at AIM segment (1030 GMT). Board meeting on FY results: Arc Real Estate YARC.MI , Autostrade Meridionali AUMI.MI . ALITALIA CAITLA.UL Continues negotiation with trade unions on salary cut (1000 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/ Keywords: ITALY FACTORS/FEBRUARY 24