Italy - Factors to watch on June 6

CSP International Fashion SpA

06/06/2016 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 
    Italy's anti-establishment 5-Star Movement took a large lead 
in the first round of voting for the mayor of Rome, according to 
exit polls published on Sunday, in a possible blow to Prime 
Minister Matteo Renzi. urn:newsml:reuters.com:*:nL8N18X05E 
     
    ECONOMY 
    Italy's economy minister said on Saturday the country's 
public debt would start falling this year as a share of domestic 
output after the central bank warned earlier this week the 
government may fail to meet this goal. urn:newsml:reuters.com:*:nI6N18H026 
     
    COMPANIES 
     
    ITALIAN BANKS 
    Italian bank rescue fund Atlante aims to unveil by mid-July 
its first bad loan deal, worth at least 2 billion euros ($2.3 
billion), in an effort to unfreeze the country's non-performing 
loan market. urn:newsml:reuters.com:*:nL8N18V48C 
    The deal could target some of the bad loans of Popolare di 
Vicenza, Credito Fondiario, Monte dei Paschi and Veneto Banca, 
Il Sole 24 Ore said on Saturday.   
    Giuseppe Guzzetti, chief of Italy's banking foundations 
association, said U.S. investment banks and the two French banks 
that are present in Italy should be called to inject funds into 
Atlante, according to Il Sole 24 Ore on Saturday.  
    A scandal hitting two regional Italian lenders accused of 
lending customers money to buy the banks' own shares shows that 
the Bank of Italy must change the way it carries out controls 
over the industry, a junior minister said on 
Saturday. urn:newsml:reuters.com:*:nL8N18W0CD 
    Excessive capital requirements can backfire, Italy's economy 
minister said on Saturday, defending a joint French-Italian 
proposal to cap the amount of reserves that euro zone banks 
should have to wipe out before they can be rescued. urn:newsml:reuters.com:*:nL8N18W0JX 
         
    BANCO POPOLARE  BAPO.MI  
    The lender's share sale starts.  
    The European Central Bank has launched an inspection of how 
Banco Popolare calculates its capital strength and manages its 
credit risk, the bank said in a share sale prospectus published 
on Friday. 
    The ECB is still evaluating the business plan the lender and 
Banca Popolare di Milano had presented for the future merged 
entity and may ask for additional changes that could affect the 
economic and financial situation of the newco or the feasibility 
of the planned tie-up. urn:newsml:reuters.com:*:nL8N18V4NF 
     
    POPOLARE DI VICENZA  IPO-BPVS.MI  
    Quaestio Chairman Alessandro Penati said on Friday he hopes 
to sell part of Atlante's stake in Popolare di Vicenza by the 
end of this year. urn:newsml:reuters.com:*:nI6N18H023  
     
    VENETO BANCA  IPO-VENE.MI  
    The lender's cash call prospectus is expected on Monday, 
several papers said on Sunday.  
    The For Veneto Banca association, which holds an 8 percent 
stake in the lender, plans to subscribe the upcoming share sale, 
according to comments by the association's president Bruno Zago 
published in Il Sole 24 Ore on Sunday. 
    An investment in Veneto Banca by rescue fund Atlante appears 
inevitable, junior minister Enrico Zanetti said on Saturday.  
    Quaestio Chairman Alessandro Penati said on Friday he hoped 
Atlante will not become a Veneto Banca investor.  
     
    RCS MEDIAGROUP  RCSM.MI , CAIRO COMMUNICATION  CAI.MI  
    The publisher's board will meet on June 9 to examine the 
takeover bid launched on the company by Cairo Communication, Il 
Sole 24 Ore said on Saturday, citing sources.  
     
    ENI  ENI.MI  
    Eni CEO Claudio Descalzi met on Saturday with Fayez 
al-Serraj, the head of the Presidential Council of the Libyan 
Government of National Accord. Descalzi said Eni and Libya's 
National Oil Corporation still have major oil and gas reserves 
to develop, in both onshore and offshore areas, and Eni is ready 
to play a key role as a strategic partner. 
    The Niger Delta Avengers militant group has claimed 
responsibility for three new attacks on Nigeria's oil 
infrastructure, promising to cut production to zero. urn:newsml:reuters.com:*:nL4N18V2S8 
    Following an attack on a pipeline in Bayelsa, Nigeria, Eni's 
output has been reduced by 13,000 barrels of oil equivalent per 
day, the company said in an emailed statement. 
    The company presents new eni.com website (1600 GMT). 
     
    TELECOM ITALIA  TLIT.MI , ENEL  ENEI.MI   
    The government has published the first tenders for broadband 
infrastructure rollout in areas considered non-economically 
viable in the regions of Abruzzo, Molise, Emilia Romagna, 
Lombardy, Tuscany and Veneto, according to documents published 
on the government's official gazette.  
     
    Trade ex-dividend: AUTOGRILL  AGL.MI  of 0.12 euro per 
share; BIODUE  BIO2.MI  of 0.0688 euro per share; CSP 
INTERNATIONAL  CSP.MI  of 0.05 euro per share; EMAK  EM.MI  of 
0.025 euro per share; OVS  OVS.MI  of 0.15 euro per share. 
     
    ((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/  
 
 
Keywords: ITALY FACTORS/JUNE 6