Italy - Factors to watch on Sept. 7

Caleffi SpA

07/09/2018 05:00

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 .
        
    ECONOMY
    ISTAT releases July retail sales (0800 GMT) and monthly
bulletin on the state of the economy in Augusty (0900 GMT).
    
    DEBT
    Italy's Treasury conducts a debt buyback.  urn:newsml:reuters.com:*:nI6N1UT01N
    Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on Sept. 12.
    
    COMPANIES
    INSURERS
    Fitch Ratings on Thursday revised its outlook on nine
insurance groups to 'negative' from 'stable' following a similar
move on Italy's sovereign rating.  urn:newsml:reuters.com:*:nFIT3Dcl7D
    
    ASSICURAZIONI GENERALI  GASI.MI 
    The insurer said on Thursday it had entered exclusive talks
to buy a majority stake in French asset manager Sycomore and
develop a partnership in line with its multi-boutique strategy
in asset management.  urn:newsml:reuters.com:*:nS8N1T9068
    Fitch said Generali's ratings would likely be downgraded if
it cut Italy's sovereign rating or if the insurer's exposure to
Italian bonds increased materially. However, a one-notch
sovereign downgrade may not directly affect Generali's
subordinated debt ratings.
    
    BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI 
    The bailed-out bank has started the sale of around 2.5
billion euros in unsecured bad loans, a source familiar with the
matter said on Thursday.  urn:newsml:reuters.com:*:nL5N1VS5S2
        
    FCA  FCHA.MI 
    Ordinary shareholders' meeting.
    
    EXOR  EXOR.MI 
    The holding company of Italy's Agnelli family said on
Thursday its net asset value stood at $24 billion at the end of
June up from $23 bln euros six months earlier.  urn:newsml:reuters.com:*:nFWN1VS0R6
    
    BANKS
    Bank of Italy releases August data on Target 2 liabilities
and European Central Bank funding to Italian banks.
    
    FERRARI NV  RACE.MI 
    Ordinary shareholders' meeting.
        
    CALEFFI  CLFF.MI 
    Conference call on H1 results.
    
    CAREL  CRLI.MI 
    Ordinary shareholders' meeting (0730 GMT).
    
    Board meetings on H1 results: CAD IT  CAD.MI , CAREL
 CRLI.MI  followed by conference call, EUROTECH  E5T.MI ,
NETWEEK  NTW.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/