Italy - Factors to watch on Jan. 18
18/01/2019 05:00
MILANO, Jan 17 (Reuters) - The following factors could
affect Italian markets on Friday.
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
The Italian government on Thursday approved flagship reforms
of the welfare and pension system, election pledges of the
anti-establishment 5-Star Movement and the right-wing League,
which mark a major overhaul of the country's welfare
state. urn:newsml:reuters.com:*:nL8N1ZH66W
ECONOMY
Reuters releases quarterly poll on Italian economy.
COMPANIES
CARIGE CRGI.MI
Fitch has downgraded Italy's 10th largest lender to 'CCC',
saying "senior creditors face an increased risk of losses now
that the bank has been placed under temporary administration as
this, in our opinion, reflects a heightened risk of further
regulatory intervention." urn:newsml:reuters.com:*:nFitb3xDgS
Banca Carige challenged the downgrade, saying it reserved
the right to ask authorities to look into the "anomalous" move.
The lender has filed a request to tap a state guarantee for
an upcoming bond issue that would help it raise badly needed
funds on the market, Finance Minister Giovanni Tria said on
Thursday. urn:newsml:reuters.com:*:nL8N1ZH4A4
TELECOM ITALIA TLIT.MI
Telecom Italia expects to report full-year organic core
earnings of around 8.1 billion euros ($9.2 billion), the Italian
phone group said on Thursday after examining preliminary
results. The figure would represent a drop of less than 5
percent compared to the year before, a person familiar with the
matter said, despite an improvement in its Brazilian unit. TIM
did not give any comparison figures. urn:newsml:reuters.com:*:nL8N1ZH6S0
ENI ENI.MI
Eni's board approved the possible issue of one or more
bonds, to be placed with institutional investors, with a value
up to a maximum total amount of 3 billion euros. urn:newsml:reuters.com:*:nFWN1ZH10E
MONTE DEI PASCHI BMPS.MI
Chairwoman Stefania Bariatti is confident the bank can
comply with the ECB's recommendations on bad loans over the
recovery plan to 2021, she said on Thursday. urn:newsml:reuters.com:*:nS8N1YP0A3
LEONARDO LDOF.MI
The company said it had won a 293 million pound contract
from the UK ministry of defence. urn:newsml:reuters.com:*:nFWN1ZH0VA
BB BIOTECH BIO.MI
Board meeting on 2018 portfolio.
ESSILORLUXOTTICA ESLX.PA
Ends mandatory exchange offer on remaining ordinary shares
of Luxottica LUX.MI .
Extraordinary shareholders' meetings: BIALETTI BIA.MI
(1000 GMT), SPAXS SPAX.MI (1100 GMT).
M&A, FERRERO
Nutella maker Ferrero has been shortlisted to take part in
the second round of Campbell Soup Co's CPB.N auction of its
international business, a source with knowledge of the matter
said on Thursday. urn:newsml:reuters.com:*:nS8N1YP0A2
DIARY
Rome, news conference on "New Financial Measures to Support
Italian Small- and Medium-Sized Companies" with European
Investment Bank (EIB) Deputy Chairman Dario Scannapieco (1100
GMT).
Rome, Prime Minister Giuseppe Conte visits the Jewish
Community of Rome (0930 GMT).
Rome, Bank of Italy governor Ignazio Visco and Economy
Minister Giovanni Tria attend a book presentation (0900 GMT).
Cagliari, European Affairs Minister Paolo Savona attends
conference on the future of European Union.
((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/
(Reporting By Viviana Venturi)
((viviana.venturi@thomsonreuters.com;))