Italy - Factors to watch on May 25
25/05/2018 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 .
POLITICS
A new government is expected to take office in Italy next
week after one of the longest periods of post-election flux in
its history, but the fraught gestation might prove child's play
by comparison with what comes next. urn:newsml:reuters.com:*:nL5N1SO684
Italy's coalition parties are pushing a reluctant head of
state to name an 81-year-old eurosceptic economist as economy
minister, creating the first big headache for Prime
Minister-designate Giuseppe Conte. urn:newsml:reuters.com:*:nL5N1SV4TP
ECONOMY
ISTAT releases April non-EU foreign trade data (0800 GMT).
Italy's partners in the euro lined up in Brussels on
Thursday to urge the new government in Rome to stick to EU
budget rules or risk following Greece into financial calamity
that would hurt the whole of Europe. urn:newsml:reuters.com:*:nL5N1SV74S
DEBT
Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on May 30.
Italy's Treasury said on Thursday it would offer 5.5 billion
euros ($6.45 billion) in 6-month bills at an auction on May
29. urn:newsml:reuters.com:*:nI6N1SN004
COMPANIES
BANKS
European Union finance ministers are likely to agree on
Friday to new banking capital rules in a major step toward
enhancing EU financial stability, but the deal could be delayed
because Italy's political crisis, EU officials said. urn:newsml:reuters.com:*:nL5N1SV6UL
ENEL ENEI.MI
CEO Francesco Starace said there is no plan to list
broadband business Open Fiber. urn:newsml:reuters.com:*:nI6N1SN003
Starace also said he expects a deal for the sale of
Reftinskaya coal plant in Russia in June. urn:newsml:reuters.com:*:nI6N1SN005
Brazilian power distribution company Eletropaulo
Metropolitana Eletricidade de Sao Paulo said in a securities
filing on Thursday that a court decision changed the rules for
the auction of the company's controlling stake. According to the
filing, bidders Enel and Neoenergia will present new offers only
on June 4. urn:newsml:reuters.com:*:nE6N1QR00V
A bitter feud over a Brazilian power grid operator has taken
a global rivalry to new levels as Europe's top two utilities
ready $1.5 billion-plus bids for Eletropaulo. urn:newsml:reuters.com:*:nL5N1SS4L3
FIAT CHRYSLER FCHA.MI
A U.S. threat that it may introduce tariffs on foreign auto
imports drew strong criticism on Thursday from the country's
main business lobbying group, which warned of a "staggering"
blow to the industry and the prospect of a global trade
war. urn:newsml:reuters.com:*:nL2N1SV121
LEONE FILM GROUP LFG.MI
The company said it had halted an accelerated bookbuilding
procedure for the sale of a stake in company due to averse
market conditions given the political instability in
Italy. urn:newsml:reuters.com:*:nFWN1SV0YN
AMBIENTHESIS ATH.MI
Annual general meeting (1300 GMT).
CLABO CLAB.MI
Board meeting on Q1 results.
((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/