Italy - Factors to watch on Sept. 27
27/09/2018 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 .
POLITICS
(*) Italy's Economy Minister Giovanni Tria does not plan to
resign over a budget disagreement with the ruling parties, a
spokeswoman for the ministry said on Thursday, dismissing a
report in daily La Stampa which said he "was ready to
leave". urn:newsml:reuters.com:*:nR1N1UG02K
Italy's new government plans to present its first budget
targets on Thursday, ending a drawn-out tussle which has pitted
the coalition parties against Economy Minister Giovanni
Tria. urn:newsml:reuters.com:*:nL8N1WC4UX
Italy's ruling parties, the anti-establishment 5-Star
Movement and the right-wing League, want the 2019 budget deficit
to be set at 2.4 percent of national output, a source from the
ruling coalition said on Wednesday. urn:newsml:reuters.com:*:nR1N1UG02J
ECONOMY
Cabinet meeting on NADEF, an update to the Economy and
Finance Document (1600 GMT).
"S&P Italy Sovereign & Bank Conference 2018" in Milan (0700
GMT).
ISTAT releases september consumer and business confidence
data (0800 GMT).
Chamber of Deputies Transport Committe deliberates survey on
5G (1200 GMT).
Cernobbio, World Manufacturing Forum starts annual meeting
"Manufacturing Revolution to Promote Global Resilience" (0700
GMT); ends on Sept. 28. Expected attendees include Lombardy
Region Governor Attilio Fontana, Economic Development Ministry
Undersecretary Michele Geraci and Director General Stefano
Firpo, Lavazza Deputy Chairman Marco Lavazza.
Rome, Deloitte Strategy Council holds conference on "Fiscal
Equity and Sustainable Economic Growth" with Deloitte Italian
unit CEO Enrico Ciai, Poste Italiane PST.MI Chairwoman Maria
Bianca Farina, Bank of Italy director General Salvatore Rossi
(0800 GMT).
DEBT
Treasury sells 0.750-1.250 billion euro CCTeu bonds due
Sept. 15, 2025; 1.5-2.0 billion euros 2.45 percent BTP bonds due
Oct. 1, 2023; 1.5-2.0 billion euros 2.80 percent BTP bonds due
Dec. 1, 2028. Subscriptions close at 0900 GMT.
COMPANIES
(*) BANCA CARIGE CRGI.MI
The European Central Bank is putting pressure on the lender
to boost its capital and has alerted the Bank of Italy and
market regulator Consob in that regard, Il Sole 24 Ore said,
adding that a capital increase might need to be launched already
between October and November. The bank told the paper it had not
been informed of the matter and that it considered the idea
"groundless".
(*) BPER BANCA EMII.MI
The lender is expected to present the outlines of its
business plan to 2021 along with its third-quarter results on
Nov. 8, Il Sole 24 Ore said. It is also looking into a possible
tie-up with Unipol Banca, the paper added. Among other
extraordinary measures that the new strategy may include is the
acquisition of a 49 percent stake Banco di Sardegna which are
currently in the hands of a banking foundation of the same name.
As part of the new business plan, the lender plans to sell
1.9 billion euros worth of non-performing loans, MF added.
(*) MEDIOBANCA MDBI.MI
Meeting of shareholder pact.
The investment bank said Bollore Group, which owns 7.9
percent of its shares, has decided to withdraw from a
shareholder pact linking key investors in the company as of Jan.
1 to be able to use its assets more flexibly. The investor will
keep its holding and supports the company's strategy and
management, Mediobanca added. urn:newsml:reuters.com:*:nFWN1WD01X
(*) TELECOM ITALIA TLIT.MI , VODAFONE ITALIA, FASTWEB, WIND TRE
BT Group is set to launch the sale of its assets in Italy in
the coming weeks and advisor Credit Suisse has made initial
contacts with the country's telecoms operators, Il Sole 24 Ore
said.
TELECOM ITALIA TLIT.MI
At the end of the tenth day of bidding for 5G spectrum total
bids had reached 5.5 billion euros. urn:newsml:reuters.com:*:nL8N1WC5VA
(*) IREN IREE.MI
New industrial plan presentation (0900 GMT).
The company said it sees net profit rising to around 300
million euros in 2023, up from 238 million euros last year, as
part of its five year business plan announced on
Thursday. urn:newsml:reuters.com:*:nFWN1WD00P
SAFILO SFLG
Safilo launches a share capital increase up to a maximum of
150 million euros. urn:newsml:reuters.com:*:nFWN1WC0SW
AEDES AEDI.MI
Extraordinary shareholders' meeting (0830 GMT).
ASSITECA ASSI.MI
Board meeting on FY results.
AUTOGRILL AGL.MI
Board meeting on revenues up to Aug. 31.
Board meetings on H1 results: BASTOGI BTGI.MI , CALEIDO
GROUP CALG.MI , CASTA DIVA GROUP CDGI.MI , CELLULARLINE
CELL.MI , CLASS EDITORI CLED.MI (1330 GMT), COMPAGNIA
IMMOBILIARE AZIONARIA CIAZ.MI , FERVI FVIR.MI , FINLOGIC
FNL.MI , FINTEL ENERGIA GROUP FTL.MI , FIRST CAPITAL
FICP.MI , FNM FNMI.MI , GRIFAL GRALA.MI , ICF GROUP
ICFG.MI , INDEL B INDB.MI (revenues on sales results on Aug.
3) followed by conference call, INTRED INTD.MI , KOLINPHARMA
KIP.MI , K.R.ENERGY KAIT.MI , MAILUP MAIL.MI , MEDIACONTECH
MCH.MI , NETWEEK NTW.MI , SCIUKER FRAMES SCK.MI , SG COMPANY
SGCO.MI , STEFANEL STEP.MI , TITANMET TTT.MI , TREVI GROUP
TFI.MI , VETRYA VTY.MI , ZEPHYRO ESCO.MI , ZUCCHI ZUCI.MI .
((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/