Italy - Factors to watch on March 26

dAmico International Shipping SA

26/03/2019 05:00

MILAN, March 26 (Reuters) - The following factors could
affect Italian markets on Tuesday.
    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 will renew for up to 36 months a state guarantee
scheme to help banks shed bad loans, tightening rules to
increase protection for some investors, the text of a law decree
published in the Official Gazette late on Monday and coming into
force on Tuesday showed. The decree also confirmed the extension
of the government's special powers on strategic interests to 5G
technologies.
    
    DEBT
    Italy last week sold a four-year bond denominated in yen for
an equivalent of $227 million via a private placement, in its
first transaction in a foreign currency since 2010, a Treasury
official said on Monday.  urn:newsml:reuters.com:*:nL8N21C5TN
    Treasury sells 1.5-2.0 billion euros CTZ bonds due Nov. 27,
2020 and 0.5-1.0 billion euros BTPei bonds due May 15, 2028.
Subscriptions close at 1000 GMT.
    It said on Monday it would offer up to 7.5 billion euros
($8.5 billion) over three bonds at an auction on March 28,
including a new five-year nominal BTP bond.  urn:newsml:reuters.com:*:nS8N20Z024
    Rome will offer a new BTP maturing on July 1, 2024, a new
BTP maturing on July 15, 2026 and a new CTZ bond expiring on
June 29, 2021 in the second quarter of this year, the treasury
said on Monday.  urn:newsml:reuters.com:*:nS8N20Z029
        
    BANKS
    A two-year extension of a public guarantee scheme on bad
loan securitisations is positive for Italian lenders despite
stricter conditions, Moody's said on Monday.  urn:newsml:reuters.com:*:nL8N21C50D
    
    COMPANIES
    (*) TELECOM ITALIA  TLIT.MI 
    The company called for an extraordinary board meeting on
Thursday to examine issues relating to the March 29 shareholder
meeting, Corriere della Sera said. Top shareholder Vivendi
 VIV.MI  asked Italian market watchdog once again to investigate
governance issues at the Italian phone group, according to the
paper.
    
(*) CNH INDUSTRIAL  CNHI.MI 
    The trucks and tractor maker said late on Monday it had
settled its offering of 600 million euro notes due March 25,
2027.  urn:newsml:reuters.com:*:nBIA74dTXK
    
    (*) ANIMA HOLDING  ANIM.MI 
    The asset manager is still interested in discussing a tie-up
with rival Arca, CEO Marco Carreri told Il Sole 24 Ore in an
interview.  urn:newsml:reuters.com:*:nS8N20Z02A
    
    (*) INTESA SANPAOLO  ISP.MI 
    Italy's biggest retail bank has started exclusive talks that
will last till the end of June with Prelios, a unit of U.S. fund
Davidson Kempner, to sell a portfolio of unlikely-to-pay loans
worth around 10 billion euros, Il Messagero said. 
        
    (*) ASTALDI  AST.MI , SALINI IMPREGILo  SALI.MI 
    Troubled construction group Astaldi will ask the court to
postpone the deadline to reach an accord with its creditors, one
of the conditions of Salini Impregilo's rescue plan, according
to Il Sole 24 Ore.
    
    (*) BANCA IFIS  IF.MI 
    The Bank of Italy in February launched an ordinary audit on
the lender, according to MF.
    
    BANCA CARIGE  CRGI.MI   
    U.S. funds Varde Partners and BlackRock  BLK.N  plan to
submit rival bids for troubled Italian lender by mid-April,
three sources close to the matter said on Monday.  urn:newsml:reuters.com:*:nL8N21C5KH
    
    IPO NEXI
    Credit rating agency Moody's said on Monday it placed
payment firm's ratings under review for upgrade.  urn:newsml:reuters.com:*:nMDY58QMhY
    Fitch said on Monday it placed Nexi's rating on "watch
positive".  urn:newsml:reuters.com:*:nFitb5YfhW
    (*) The company's board is expected to meet on Tuesday to
decide on the IPO price range, according to Il Sole 24 ore. It
is likely that the listing will take place by mid-April, the
paper said.
      
    D'AMICO  B7C.MI  
    The shipping company announced the sale and lease back of
one of its MR vessels, generating net cash of $9.6 million.
 urn:newsml:reuters.com:*:nFWN21C0S5
    
    MOLMED  MLMD.MI 
    News conference to present FY results and development
prospects (1030 GMT).
    
    Board meetings on FY results: CAIRO COMMUNICATION  CAI.MI ,
ESPRINET  PRT.MI , EXPERT SYSTEM  EXSY.MI , GEL  GELE.MI , GO
INTERNET  GO.MI , H-FARM  HFARM.MI , NEODECORTECH  NDT.MI ,
SABAF  SABF.MI , SCM-SOLUTIONS CAPITAL MANAGEMENT SIM  SCM.MI .
    
    DIARY
    Rome, Foreign Affairs Minister Enzo Moavero Milanesi speaks
before Senate foreign Affairs Committee on outcomes of 21st and
22nd March European Council meeting (1900 GMT).
    Rome, conference on "Which Ideas for the New Europe? Recipes
Compared" with ruling League party's economic spokesman Claudio
Borghi, Deputy Economy Minister Laura Castelli (1300 GMT).
    Rome, report presentation on "Welfare Index PMI" with
Assicurazioni Generali  GASI.MI  Italian unit CEO Marco Sesana,
ministro per i Relations with Parliament Minister Riccardo
Fraccaro, welfare institute INPS President Pasquale Tridico.
    Milan, report presentation on "Welfare for People" with UBI
Banca  UBI.MI  Management Board Chiarwoman Letizia Moratti,
Vincenzo Boccia, trade union CISL Secretary General Annamaria
Furlan (0930 GMT).
    Milan, "Accenture Banking Conference" with Illimity Bank
 ILTY.MI  CEO Corrado Passera, Banco BPM  BAMI.MI  co-director
General Salvatore Poloni (1230 GMT).
    
    ((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/ 

 (Reporting By Viviana Venturi)
 ((mailto:viviana.venturi@thomsonreuters.com;))