*** Italy - Factors to watch on Nov. 27

Digital Magics SpA

27/11/2017 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 . 
     
    ECONOMY 
    ISTAT releases November consumer and business confidence 
data (0900 GMT). 
     
    WEBTAX  
    Senate budget commission agrees to delay until 2019 the 
planned introduction of a new Webtax. Under the proposal, 
Italian buyers of services such as advertising on Google or 
Facebook will be taxed 6 percent of the value of the contract. 
     
    DEBT 
    Treasury sells 1.5-2.0 billion euros CTZ bonds due Oct. 30, 
2019. Subscriptions close at 1000 GMT. 
    Italy's Treasury said on Friday it would offer up to 3.5 
billion euros over two bonds at auction on Nov. 29, scrapping 
the sale of five-year BTPs.  urn:newsml:reuters.com:*:nI6N1NJ02G 
    The Treasury also cancelled its mid-December bond auction 
thanks to reduced funding needs.  urn:newsml:reuters.com:*:nI6N1NJ02H 
     
    COMPANIES 
     
    IL SOLE 24 ORE  S24.MI  
    The Italian publisher said on Friday a new share offer had 
been 92 percent subscribed and underwriters would take on unsold 
shares so that the group would raise 50 million euros in 
capital.  urn:newsml:reuters.com:*:nL8N1NU4YJ 
     
    ALERION CLEAN POWER  ARN.MI  
    FRI-EL Greenpower takeover bid on Alerion Clean Power shares 
re-opens; ends on Dec. 1. 
     
    FIAT CHRYSLER  FCHA.MI  
    FCA is considering floating 50 percent of its Magneti 
Marelli unit on the borse next year, Il Sole 24 Ore reported on 
Saturday. The initial valuation for the components company was 
put at between 4-6 billion euros, the paper says. 
     
    MONTE DEI PASCHI DI SIENA  BMPS.MI  
    British asset management firm Alken seeks damages of 434 
million euros from MPS in a civil law suit posted last week in a 
Milan court. The case is tied to the so-called Alexandria 
derivative trade prior to Dec. 2015 that Alken alleges were "not 
correct", la Repubblica reports. Il Tempo newspaper publishes 
the names of the top 100 debitors at MPS. 
     
    ALITALIA  CAITLA.UL  
    Industry Minister Carlo Calenda tells La7 TV that 
guaranteeing flight connections will be the top concern when 
deciding who buys Alitalia. The next priority was to spend as 
little state money as possible in the deal. The third priority 
was to safeguard workers at the airline. 
     
    ENI  ENI.MI  
    Eni said a court seizure order on measurement devices in its 
refineries and storage facilities in Italy has been lifted. 
 urn:newsml:reuters.com:*:nL8N1NV0IF 
     
     
    ((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/NOV. 27