Italy - Factors to watch on Dec. 3

Centro HL Distribuzione SpA

03/12/2018 05:00

The following factors could affect Italian markets on Monday.
    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
    Prime Minister Giuseppe Fonte said on Saturday Italy was
making good progress in negotiations with the European
Commission over the government's contested 2019 budget.
    "We make more progress at every meeting we have," he told
reporters at the G20 summit in Buenos Aires, where he and
Economy Minister Giovanni Tria discussed the budget with top
European Commission officials including President Jean-Claude
Juncker.
    "We are looking at points that could be the basis for a
possible solution."  urn:newsml:reuters.com:*:nL8N1Y70LD
        
    Milan, largest Italian banking trade union FABI celebrates
70th anniversary "Nothing about us, without us, is for us" (to
Dec. 5); opening round-table discussion on "An Infinite
Financial Crisis" with European Parliament President Antonio
Tajani, banking association ABI President Antonio Patuelli.
    Monza, Cabinet undersecreatry Giancarlo Giorgetti attends
research presentation "Top500+" (1600 GMT).
    
    ECONOMY
    Markit/ADACI releases November PMI manufacturing (0845 GMT).
    Transport ministry releases November car sales data (1700
GMT).
    November state sector borrowing requirement data.
    
    COMPANIES
    
    BANCO BPM  BAMI.MI 
    Banco BPM BAMI.MI has reached a deal over its consumer
credit business with French rival Credit Agricole CAGR.PA which
will help it to sell 7.8 billion euros ($8.83 billion) of bad
loans, Italy's third-largest bank said late on on Friday.
    Banco BPM will boost its capital by selling its consumer
credit business Pro Family to an existing joint venture it has
with Credit Agricole for 310 million euros.  urn:newsml:reuters.com:*:nL8N1Y607C
    
    FIAT  FCHA.MI 
    Italy is among several European countries that have either
ordered vehicle recalls by carmakers over diesel emissions
cheating or plan to do so, German weekly Bild am Sonntag
reported without citing sources.
     Italy is seeking to impose a recall of the Fiat 500x, the
weekly said. Fiat FCHA.MI was not immediately available for
comment.  urn:newsml:reuters.com:*:nL8N1Y70I1
    
    MEDIASET  MS.MI 
    Italian private broadcaster Mediaset said on Friday it had
sold to Sky's Italian unit the whole of R2, a company which
includes the maintenance and commercial assets carved out of its
pay-TV unit Premium.  urn:newsml:reuters.com:*:nS8N1X5055
    
    BANCA CARIGE  CRGI.MI 
    Italy's Banca Carige said on Friday it had issued a 320
million euro ($362 million) subordinated bond as part of a
rescue deal financed by the country's healthy lenders.
 urn:newsml:reuters.com:*:nS8N1X5052
    
    TELECOM ITALIA  TLIT.MI 
    Italy's top administrative court temporarily confirmed on
Friday that Telecom Italia, Vodafone  VOD.L , Wind and Fastweb
 SCMN.S  should reimburse clients over their 28-day billing
policy by the end of this year.  urn:newsml:reuters.com:*:nS8N1WO02S
    
    GENERALI  GASI.MI 
    Francesco Gaetano Caltagirone has bought shares in the
insurer, raising his shareholding to 4.60 percent. Also Leonardo
Del Vecchio has increased its stake in Generali, bringing it to
3.59 percent, regulatory filings showed in Friday.
    
    RETELIT  LIT.MI 
    The group said on Friday that Italy's Prime Minister has
imposed upon Retelit a sanction of 140,137 euros corresponding
to 1 percent of the relevant revenue. The group reaffirmed the
correctness of its actions and said it reserved the right to
undertake appropriate actions.
    
    FARMAFACTORING  BFF.MI 
    The group said on Friday it had launched an EMTN issuance
programme worth 1 billion euros. 
    
    DATALOGIC  DAL.MI 
    Datalogic said on Friday the group's CFO resigns as of Jan.
20, 2019.  urn:newsml:reuters.com:*:nFWN1Y50LT
    
    UBI BANCA  UBI.MI 
    Fitch Ratings said on Friday it affirmed UBI Banca long-term
issuer default rating at 'BBB-' with a negative outlook.  urn:newsml:reuters.com:*:nFit6hTz22
    
    CAD IT  CAD.MI 
    Delisted as of Monday.
    
    IDEAMI  IDEAM.MI 
    Ordinary and extraordinary shareholders' meetings (0930
GMT).
    
    BANCA INTERMOBILIARE  BIM.MI 
    Starts capital increase, ends on Dec. 17.
    
    CHL  CHL.MI 
    Starts capital increase, ends on Dec. 17.
    
    FILA  FILA.MI 
    Starts capital increase, ends on Dec. 17.
    
    SAFILO GROUP  SFLG.MI 
    Starts capital increase, ends on Dec. 17.
    
    ((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/