Italy - Factors to watch on Jan. 2

BF SpA

02/01/2019 05:00

The following factors could affect Italian markets on Wednesday.
    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
    Economy Minister Giovanni Tria said in an interview with la
Repubblica on Sunday that he had no intention of resigning,
following newspaper speculation he could step down.
    Separately, in a statement on Sunday Tria welcomed
parliament's approval of the 2019 budget, saying Italy had
averted the risk of a disciplinary procedure by the EU and
"removed any shadow" of its possible exit from the euro zone. He
said money saved from the fall in Italian bond yields could now
be invested in economic growth.
    Italian Deputy Prime Minister Matteo Salvini said on Monday
he "did not see any danger" to the government in the coming
months as it turns its attention to new reforms after finally
pushing its 2019 budget into law.  urn:newsml:reuters.com:*:nL8N1Z015L
    The ruling 5-Star Movement expelled four parliamentarians
from the party on Monday, including a former coast guard
official who once famously ordered the captain of a sinking
cruise liner to return to his doomed ship.  urn:newsml:reuters.com:*:nL8N1Z01SB
    
    ECONOMY
    The Italian parliament on Saturday passed the government's
2019 budget just ahead of an end-year deadline, following last
week's deal with the European Commission which calmed financial
markets and averted a risk of fines against Rome.  urn:newsml:reuters.com:*:nL8N1YY09P
    
    HIS Markit releases December PMI manufacturing (0845 GMT).
    Transport Ministry releases December car sales data (1700
GMT).
    December state sector borrowing requirement data.
    
    COMPANIES
    Bourse After Hours market closed.
    
(*) BANCA CARIGE  CRGI.MI 
    Italy's market watchdog Consob has suspended trading in
shares of the troubled lender for one day ahead of a statement
on the bank's governance, likely to be issued on Wednesday.
 urn:newsml:reuters.com:*:nS8N1XX022. 
    The European Central Bank in considering actions on Banca
Carige, including putting it under special administration, daily
Il Sole 24 Ore reported on Wednesday.  urn:newsml:reuters.com:*:nL8N1Z20DG
    
    ATLANTIA  ATL.MI 
    Italy's toll road operators will not be allowed to increase
tariffs as planned this year following a request by the
government to freeze increases on most of the country's
motorways, sources at the Transport Ministry said on Saturday.
    Transport Minister Danilo Toninelli told La Stampa on Sunday
that there would be no tariff increases from Jan 1. 
    Toll road company Autostrade said in a statement it had
agreed to the move. "Autostrade per l'Italia intends to support
the growth and competitiveness of the country while maintaining
the initiative for a period of six months in an active spirit of
cooperation with the government."
    
(*) SALINI IMPREGILO  SALI.MI , FINCANTIERI  FCT.MI 
    The special commissioner Marco Bucci aims at closing a
collective contract by Friday with the firms awarded with the
demolition and the rebuilding of the collapsed bridge in Genoa,
Il Sole 24Ore reported on Wednesday. Italy's biggest builder
Salini Impregilo, which will rebuild the bridge along with
shipbuilder Fincantieri, might be appointed as coordinator of
the works.
        
    SAFILO GROUP  SFLG.MI 
    The eyewear group said on Friday top shareholder Multibrands
Italy, a unit of HAL Holding NV, would hold 50.7 percent of
Safilo after taking on unsold shares in a capital increase which
was 88 percent subscribed. 
    
    MONTE DEI PASCHI DI SIENA  BMPS.MI 
    The bank said on Friday total damage requests related to
pending lawsuits amounted to 1.5 billion euros as of
end-September.  urn:newsml:reuters.com:*:nBIA28rxv0
     
    DOBANK  DOB.MI 
    The Italian top bad loan specialist has agreed to buy 85
percent of Altamira Asset Management, valuing the entire company
at 412 million euros ($472 million) in a bid to create a leading
European credit manager. urn:newsml:reuters.com:*:nL8N1Y83MQ
    
    B.F.  BFG.MI 
    The Italian grains and fruit producer said on Friday it had
raised 121 million euros in a capital increase that had been
80.7 percent subscribed following the offer of unexercised
rights on the market.  urn:newsml:reuters.com:*:nFWN1YX0A0
    
    ITALGAS  IG.MI  
    The gas group said on Friday it had signed a deal to buy 19
gas concessions in central and southern Italy as well as
Sardinia.  urn:newsml:reuters.com:*:nFWN1YX06V
    
    BANCA INTERMOBILIARE  BIM.MI 
    The company said its capital increase for 91 million euros
was concluded fully subscribed. urn:newsml:reuters.com:*:nBIA5LmWgD
    
    COVIVIO  CVO.MI 
    Debuts on Italian Stock Exchange main segment MTA after
merger with Beni Stabili.
    
    BENI STABILI  BNSI.MI 
    Delisted as of Wednesday.
    
    ((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/