Italy - Factors to watch on October 26
26/10/2015 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
Europe's economy needs more monetary stimulus to prop up the
rate of inflation, which could stay low for some time, the
deputy head of the Bank of Italy said in an interview published
on Sunday. ID:nL8N12P0O3
Milan, news conference on "4th Railway Package" with EU
Commissioner for Transports Violeta Bulc, Italian Infrastructure
and Transport Minister Graziano Delrio, state railways Ferrovie
dello Stato CEO Michele Elia (1200 GMT).
Lombardy region employers' body Assolombarda holds annual
general assembly with Italian President Sergio Mattarella,
Economy Minister Pier Carlo Padoan, Eni ENI.MI President Emma
Marcegaglia (1000 GMT).
Fitch on Friday affirmed Italy's rating at 'BBB+' with a
"stable" outlook. ID:nFit937886
DEBT
Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Oct. 29.
Treasury said it would sell 6.0 billion euros ($6.61
billion) of six-month BOT bills expiring April 29, 2016 at an
auction on Oct. 28. ID:nI6N12L00Q
COMPANIES
TELECOM ITALIA TLIT.MI
French group Vivendi said on Friday it holds 20.03 percent
of Telecom Italia's ordinary shares. Vivendi reiterated its
intention to be a long-term shareholder of the Italian telecoms
group and, more generally, to develop Vivendi's activities in
Southern Europe. ID:nFWN12N04Q
LUXOTTICA LUX.MI
Board meeting on Q3 results, followed by conference call
(1730 GMT).
FIAT CHRYSLER AUTOMOBILES FCHA.MI
Maserati will suspend production at its Grugliasco site in
Turin for four days in November and between Dec. 14-31 to adapt
output to market demand, a company source said.
Automotive industry consultants J.D. Power and LMC
Automotive said Friday strong pickup truck and sports utility
vehicle sales have led them to raise their forecast for auto
sales in 2015 to 17.3 million vehicles from 17.2 million, a 5
percent rise from a year earlier. For October, U.S. auto sales
are forecast to rise 8.2 percent from a year ago, the
consultancies said in a statement. ID:nL1N12N1IX
Fiat Chrysler on Friday appointed Rodney Slater, former U.S.
Secretary of Transportation, as an independent monitor as part
of a settlement it struck with U.S. safety regulators in
July. ID:nL3N12N58S
AUTOSTRADE MERIODIONALI AUMI.MI
The company said 9-month net profit jumped to 9.3 million
euros from 3 million a year ago. ID:nFWN12N01S
AS ROMA ASR.MI
Annual general meeting (1300 GMT).
DANIELI & C. DANI.MI
Annual general meeting (1300 GMT).
IPO, POSTE ITALIANE, CRDI.MI , AZMT.MI , ISP.MI ,
GASI.MI , OAK.N
Italy will raise nearly 3.4 billion euros ($3.8 billion)
from the sale of a minority stake in its post office in a stock
market listing welcomed by the government as a vote of
confidence for its business reforms. ID:nL8N12N1GA
The Kuwaiti sovereign wealth fund, U.S. billionaire George
Soros's hedge fund and the Norwegian central bank were among
foreign investors that bought shares in the deal, several
Italian newspapers said over the weekend.
A Canadian pension fund and the Italian social security
pension fund for lawyers also bought shares, Corriere della Sera
reported.
Il Sole 24 Ore said the list of foreign buyers included the
China Investment Corporation, U.S. funds Amber Capital and
Harvard Management. Il Sole said Italian buyers included
investment fund Kairos, the Pioneer unit of UniCredit bank,
Intesa Sanpaolo, asset manager Azimut and insurer Generali.
Rome daily Il Messaggero said Oaktree Capital Management had
also bought into the deal.
UNICREDIT CRDI.MI
Two Italian senior managers caught up in a probe into
alleged mafia links at the bank could be replaced in the next
few days, Il Sole 24 Ore reported without citing sources.
Corriere della Sera said in an unsourced report that the
bank's chief executive could intervene in some way relating to
the two officials.
SAIPEM SPM.MI
A turnaround plan the troubled oil contractor is due to
present on Tuesday will include a capital increase of 4.5-5
billion euros and 3-3.5 billion euros in debt refinancing, Il
Sole 24 Ore said on Sunday without citing sources.
BANCA POPOLARE DI MILANO PMII.MI , CRGI.MI , BAPO.MI
The bank's managers are keen to decide a merger partner soon
and could make their choice by the end of November, Il
Messaggero said in an unsourced report on Sunday, adding the
Milanese bank could choose Genoa-based lender Banca Carige or
Banco Popolare.
((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/OCTOBER 26