Italy - Factors to watch on Nov. 19

Axactor ASA

19/11/2020 05:00

The following factors could affect Italian markets on Thursday.
    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 .
    
    GENERAL 
    Italy has registered 34,283 new coronavirus infections over
the past 24 hours, the health ministry said on Wednesday, up
from 32,191 the day before. The ministry also reported 753 COVID
19-related deaths, the highest daily tally since April 3.
 urn:newsml:reuters.com:*:nL8N2I45KC
    
    DEBT
    Italy plans to sell at least one U.S. dollar-denominated
bond in 2021 after solid demand for its second issue in roughly
a year following a decade-long hiatus, the head of debt at the
Rome-based Treasury said.  urn:newsml:reuters.com:*:nL8N2I44T6
        
    COMPANIES
    FIAT CHRYSLER  FCHA.MI 
    Fiat Chrysler and PSA shareholders will meet on Jan. 4 to
approve their planned merger and create Stellantis, the world's
fourth biggest car maker, the two companies said on Wednesday.
 urn:newsml:reuters.com:*:nL8N2I45TY
    
    ATLANTIA  ATL.MI  
    Traffic on the motorway network operated by Atlantia in
Italy was down 33.3% last week on a year-on-year basis as the
coronavirus outbreak continued to take its toll on transport,
the Italian infrastructure group said on Wednesday. urn:newsml:reuters.com:*:nS8N2DP02T
    Moody's Investors Service has downgraded to 'Ba1' from
'Baa3' the senior secured ratings of Azzurra Aeroporti, the
Atlantia's unit that manages the Nice airport, citing the 
persistently difficult operating environment. The outlook is
negative.
    
    CAMPARI  CPRI.MI 
    The drinks group said that, following a hacking attack that
has led to some data on its servers being encrypted, the
recovery of IT systems was progressing well. It added
manufacturing and logistics activities as well as the processing
of sales orders across main markets had been resumed and were
regularly functioning.  urn:newsml:reuters.com:*:nBIA129jTT
    
    BANKS
    Italy plans to widen an existing guarantee scheme for bank
loans in a move that will help the country's lenders cope with
any future defaults sparked by the pandemic, a draft of the 2021
budget showed.  urn:newsml:reuters.com:*:nL8N2I33OQ
    International investors will steer clear of Italian impaired
bank loans until prices fall to reflect the higher risks
associated with the COVID-19 crisis, the head of the Italian arm
of Norway's Axactor  AXAC.OL  said.  urn:newsml:reuters.com:*:nL8N2I35KN
         
    BANCA CARIGE  CRGI.MI  (*) 
    The bailed-out Italian bank said on Wednesday that from Nov.
23 to Dec. 4 savings shareholders had the option to request a
conversion into ordinary shares at a ratio of 20,500
newly-issued ordinary shares per savings share
owned. urn:newsml:reuters.com:*:nFWN2I40V1
    (*) Carige shares are indefinitely suspended from trading.
    
    TERNA  TRN.MI 
    Board meeting to approve 2021-2025 industrial plan; followed
by online presentation (1000 GMT) and online news conference
(1130 GMT).
    
    BRUNELLO CUCINELLI  BCU.MI 
    Board meeting on Q3 results (revenues), followed by
conference call (1700 GMT).
       
    BUZZI UNICEM  BZU.MI 
    Ordinary and extraordinary shareholders' meetings (0900 GMT)
and saving shareholders' meeting (1100 GMT).    
    
    DIARY
    Municipalities association ANCI ends virtual annual meeting
(0830 GMT); expected attendees on Thursday include Eolo Chairman
and CEO Luca Spada, Public Administration Minister Fabiana
Dadone, state lender Cassa Depositi e Prestiti (CDP) CEO
Fabrizio Palermo, Microsoft  MSFT.O  Italian Country General
Manager Silvia Candiani, state-run energy agency GSE CEO Roberto
Moneta, Regional Affairs Minister Francesco Boccia, Economy
Deputy Minister Laura Castelli, Prime Minister Giuseppe Conte,
ANCI President Antonio Decaro.
    Online event "The Recovery Fund to boost the country" with
Prysmian  PRY.MI  CEO Valerio Battista, Macquarie Asset
Management representative Raffaella Copper, Salcef Group
 SCFG.MI  CEO Valeriano Salciccia, Treasury's Head of Debt
Management Davide Iacovoni (1700 GMT).
    Cariplo banking foundation holds online presentation of
initiative on "Non-profit and credit access" with Cariplo
Foundation President Giovanni Fosti, Intesa Sanpaolo  ISP.MI 
CEO Carlo Messina (0930 GMT).
    "Festival of the Future" starts (1000 GMT), ends on Nov. 21.
Attendees expected on Thursday include professor of microbiology
at Padua University Andrea Crisanti, EU Commission
representative Mario Nava.
    ISPI 'Regional Meetings 2020', online event on "Navigating
Troubled Waters: Multilateralism As A Response To Crises In The
Mediterranean" with ISPI President and Fincantieri  FCT.MI 
Chairman Giampiero Massolo (1400 GMT).
    "The impulse of sustainability to build the future"
conference (0730 GMT).
    Online event on "Investing in Milan, the future of Milan
between the Covid challenge and the wait for the Olympics" with
Abitare  ABIT.MI  CEO Marco Grillo, Hines Italian unit head
Mario Abbadessa (0900 GMT).
    Italy's carmakers association ANFIA President Marco Stella
holds online  report presentation on "The future of the
automotive sector; challenges and opportunities for Italian
suppliers towards 2030" (1000 GMT).
    European digital forum starts (0900 GMT); ends on Nov. 20.
    AlixPartners holds news conference on Christmas shopping
(1000 GMT).
    Italy's Serie A League meets via videoconference, to discuss
match audio-visual rights (1200 GMT).
    SUERF and Bank of Italy end online workshop "The
effectiveness of monetary policy in a low interest rate
environment" (1300 GMT).
    Rome, Senate Budget and Finance committees meet on 'Health
protection and economic support measures related to the
emergency COVID decree' (1100 GMT and 1400 GMT).
    Rome, Economy Minister Roberto Gualtieri speaks via
video-conference before Senate Finance and EU Policy committees
on results of Oct. 6 and Nov. 4 ECOFIN meetings (0900 GMT).
    Rome, Naples Mayor Luigi de Magistris speaks before
Anti-Mafia Committee(1300 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/