Italy - Factors to watch on Dec. 20

Centro HL Distribuzione SpA

20/12/2018 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
    Rome, Industry Ministry meets trade unions on
telecommunications.
    
    ECONOMY
    The European Commission reached a deal with Italy over its
2019 budget, avoiding disciplinary steps against Rome and ending
months of verbal sparring. Under the compromise, Italy cut its
deficit for next year to 2.04 percent of GDP and its growth
forecast for 2019 to 1.0 percent.  urn:newsml:reuters.com:*:nL8N1YO33T
    Italy's Economy Minister Giovanni Tria said the country's
economy should grow by more than 1.0 percent next year.
 urn:newsml:reuters.com:*:nR1N145026
    Reuters releases December asset allocation poll (1200 GMT).
    
    DEBT
    Treasury announces sale of 6-month BOT bills, with relative
amounts to be auctioned on Dec. 27.
    
    COMPANIES
    UNICREDIT  CRDI.MI 
    Italy's biggest lender sold an Italian leasing unsecured non
performing credit portfolio to Guber Banca, worth around 170
million euros.  urn:newsml:reuters.com:*:nL8N1YO5O.
    
    TELECOM ITALIA  TLIT.MI 
    Italy's communications regulator said it launched a public
consultation process on Telecom Italia's plan to legally
separate its network. The authority has also updated prices for
network access for the 2019-2021 period.  urn:newsml:reuters.com:*:nL8N1YO61N
    
    PIRELLI  PIRC.MI 
    Shareholder Long Term Investments (LTI) has entered into a
repurchase agreement with SOVA Capital Limited regarding its
6.239 percent stake in the Italian tyremaker. LTI CEO Viacheslav
Sheloputov said there were no reasons for the Luxemburg-based to
reduce its stake in Pirelli.  urn:newsml:reuters.com:*:nS8N1XX016    
    
    A2A  A2.MI , HERA  HRA.MI 
    Italy's biggest regional utility said the competition
watchdog had carried out an inspection on Tuesday regarding
commercial activities with city of Rome waste company AMA. The
Antitrust Authority said on Wednesday it opened an investigation
to assess whether eight companies involved in AMA's waste
management activity, including a subsidiary of Hera, had
breached competition rules. 
    
    AUTOGRILL  AGL.MI , ELIOR  ELIOR.PA 
    The Italian travel caterer has shown interest in France's
Elior concessions catering business Areas, according to one
source. Elior hopes to raise more than 1 billion euros from the
sale of Areas, several sources told Reuters.  urn:newsml:reuters.com:*:nL8N1YO5MA
    
    BENI STABILI  BNSI.MI , COVIVIO  FDR.PA 
    The Italian real estate investment trust has completed the
sale of a portfolio of non strategic assets to Covivio for 220.5
million euros.  urn:newsml:reuters.com:*:nFWN1YO0VS  urn:newsml:reuters.com:*:nFWN1YO0Z8
    
    CHL  CHL.MI 
    The company reiterated it would have to file for insolvency
if it did not manage to cover its losses with a capital
increase, after its shares lost over 40 percent on Wednesday.
CHL added its cash was expected to run out on April 15, or even
earlier if subscription commitments were not met in full.
    
    Bourse After Hours market closed.
     
    ((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/