Italy - Factors to watch on Dec. 12

Digital Bros SpA

12/12/2016 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 . 
     
    MONDAY DECEMBER 12 
     
    POLITICS 
    Italian President Sergio Mattarella asked Foreign Minister 
Paolo Gentiloni on Sunday to try to form a new government, 
giving him a mandate to lead Italy out of a political crisis 
caused by the resignation of Matteo Renzi.  urn:newsml:reuters.com:*:nL5N1E607M 
     
    ECONOMY 
    ISTAT releases January-September Italian regional export 
data (1000 GMT). 
     
    DEBT 
    Treasury sells 4.75 billion euros 12-month BOT bills. 
Subscriptions close at 0900 GMT. 
     
    COMPANIES 
     
    BANKS  ISP.MI ,  EMBI.MI   
    An emergency decree to support Italian banks, including the 
troubled Banca Monte dei Paschi di Siena, is "essentially" ready 
to go and can be passed at any time if it is needed, government 
sources said on Friday. urn:newsml:reuters.com:*:nR1N1DP260 
    Moody's has changed the outlook to negative from stable and 
affirmed the ratings of seven financial institutions, including 
Intesa Sanpaolo, Credito Emiliano and Cassa Depositi e 
Prestiti. urn:newsml:reuters.com:*:nMDY8VjQPB 
     
    MONTE DEI PASCHI  BMPS.MI  
    Italy's third biggest lender Monte dei Paschi di Siena said 
on Sunday it would press ahead with a last-ditch plan to raise 5 
billion euros on the market by year-end after the European 
Central Bank refused to give it more time to 
recapitalise. urn:newsml:reuters.com:*:nL5N1E60UX 
    The European Commission has approved a state rescue for 
Monte dei Paschi, La Repubblica reported on Sunday without 
citing sources, adding the government could put in 5 billion 
euros at any time under a decree that will pass after Wednesday. 
    A Commission spokeswoman could not confirm La Repubblica's 
story, but said the Commission is "ready to support the Italian 
authorities design any solution, if needed, in full compliance 
with EU rules". She added Commission Vice President Valdis 
Dombrovskis "is in constructive contact with the Italian 
authorities". 
    ECB policymaker Jens Weidmann has said state involvement in 
the rescue of Italian banks can't be ruled out, piling further 
pressure on Rome to bail out Monte dei Paschi.  urn:newsml:reuters.com:*:nL5N1E50OC 
    Monte Paschi said late on Friday it had not yet received a 
response from the ECB to its request for more time to execute 
the 5-billion-euro private capital raising plan.  urn:newsml:reuters.com:*:nL5N1E43G9 
    The ECB has rejected the request for more time to raise 
capital, a source said on Friday, a decision that piles pressure 
on the Rome government to bail out the lender. urn:newsml:reuters.com:*:nL5N1E43G9    
     
    UNICREDIT  CRDI.MI ,  PEO.WA ,  AMUN.PA    
(*) UniCredit has reached a deal to sell its asset manager 
Pioneer to France's Amundi for more than 4 billion euros ($4.2 
billion), a source with knowledge of the matter said on 
Sunday. urn:newsml:reuters.com:*:nL5N1E613E 
    The Amundi deal over Pioneer may include the option of 
UniCredit re-investing in Pioneer in future via a 10-20 percent 
stake, Il Messaggero said on Sunday.  
    The reference price of the secured equity-linked 
certificates in Bank Pekao shares has been set at 27.0294 euros, 
the bank said on Friday.  urn:newsml:reuters.com:*:nBIA092d6 
     
    ATLANTIA  ATL.MI , AUTOSTRADE PER L'ITALIA  AUTSA.UL   
    The deadline to submit offers for a 15 percent stake in 
Atlantia's Autostrade per l'Italia (ASPI) business may be set 
for Dec. 15, Il Sole 24 Ore said on Sunday. Among potential 
interested buyers it listed Germany's Allianz, pension funds 
from Ontario, Canada and and Quebec's Caisse de depot et 
placement, sovereign funds including Kuwait Investment Authority 
and Adia, and China's Gingko Tree.     
     
    INTESA SANPAOLO  ISP.MI   
    Italy's Intesa and a syndicate of banks are to provide Qatar 
and commodities trader Glencore GLEN.L with 7 billion euros of 
financing to buy a 19.5 percent stake in Rosneft ROSN.MM, a 
Rosneft source said on Sunday. urn:newsml:reuters.com:*:nL5N1E50P4 
     
    TELECOM ITALIA  TLIT.MI   
    Asked about any impact from the political crisis on the 
phone group, Chairman Giuseppe Recchi said the implementation of 
Telecom Italia's business plan was proceeding "very fast, very 
well" and the company would keep on doing its job, according to 
Sunday's Il Sole 24 Ore.  
    France's Vivendi denied on Saturday it was discussing a 
cross-ownership deal with telecoms operator Orange ORAN.PA, 
insisting that any potential talks between the two groups were 
focused on its pay-TV unit Canal Plus. A Vivendi spokesman added 
that potential cross-ownership deals between Orange, Vivendi and 
Telecom Italia, in which Vivendi holds a 24 percent stake, were 
not on the agenda. urn:newsml:reuters.com:*:nL5N1E50KJ 
     
    LEONARDO  LDOF.MI ,  AIR.PA  
    Turboprop maker ATR, a joint venture between Airbus Group 
and Leonardo said it had received U.S. approvals needed to 
finalise the sale of up to 40 aircraft to Iran.  urn:newsml:reuters.com:*:nL5N1E60VI 
     
    ITALIAN INSURERS 
    Moody's has changed the outlook of UnipolSai  US.MI  to 
negative from stable following a similar move by the rating 
agency on Italy's sovereign rating. At the same time Moody 
affirmed Generali's  GASI.MI  rating with a stable outlook. 
 urn:newsml:reuters.com:*:nMDY54121B 
     
    EXOR  EXOR.MI  
    The merger between EXOR and EXOR NV, a holding company based 
in the Netherlands, will be effective as of Dec. 11, the company 
said on Friday.  urn:newsml:reuters.com:*:nBIA09316 
     
    ASSICURAZIONI GENERALI  GASI.MI  
    Board meeting. 
     
    DIGITAL BROS  DIB.MI  
    Trade ex-dividend of 0.13 euro per share. 
     
    MONDO TV  MTV.MI  
    Trade ex-dividend of allocation of free shares of controlled 
Mondo TV Iberoamerica and 0.02 euro per share as extraordinary 
dividend. 
     
    ((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/  
 
 
($1 = 0.9483 euros) 
 
 
Keywords: ITALY FACTORS/DEC. 12