Italy - Factors to watch on Oct. 22

Digital Magics SpA

22/10/2018 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 ruling coalition patched up a row over a
controversial tax amnesty on Saturday and struck a more
conciliatory tone towards EU institutions, saying it wanted to
discuss its budget plans with Brussels.  urn:newsml:reuters.com:*:nL8N1X00MA
    Italy's government expects the European Commission to decide
on Tuesday for the first time ever to ask a member state to
revise its draft budget, a government source said on Sunday.
 L8N1X10UW 

    ECONOMY 
    Italy would never willingly choose to leave the single
currency and would drop out only if it were forced to, Italian
European Affairs Minister Paolo Savona said on Saturday in a
televised speech.  urn:newsml:reuters.com:*:nL8N1X00A4
    Italy's Deputy Prime Minister and Five-Star leader Luigi Di
Maio said on Sunday he was committed to preserving the country's
membership of the euro zone.  urn:newsml:reuters.com:*:nL8N1X10S5
    
    COMPANIES
    BANKS 
    Italy's government should not ignore the problems that
soaring government bond yields are causing for Italian banks,
including possible capital needs, Cabinet Undersecretary
Giancarlo Giorgetti said in a newspaper interview on
Sunday. urn:newsml:reuters.com:*:nL8N1X10CG    
    
    POSTE ITALIANE  PST.MI , INTESA SANPAOLO  ISP.MI , UNICREDIT
 CRDI.MI , BANCO POPOLARE  BAMI.MI , BANCA MEDIOLANUM  BMED.MI ,
MEDIOBANCA  MDBI.MI  
    State lender Cassa Depositi e Prestiti could hire Mediobanca
as an adviser for the market listing of payments group SIA, Il
Messaggero reported on Saturday. An IPO could value SIA at
around 3 billion euros and place a 40 percent stake on the
market, allowing Poste to exit the company's capital.
    The paper said Poste had hired JPMorgan after the summer to
help it buy SIA but a group of banks that hold a combined 18
percent stake in SIA had opposed the plan.
    
    FIAT CHRYSLER AUTOMOBILES  FCHA.MI 
    Fiat Chrysler FCHA.MI (FCA) has agreed to sell its Magneti
Marelli unit to KKR's KKR.N Calsonic Kansei, two sources
familiar with the matter said on Sunday, adding the deal would
be announced on Monday.  urn:newsml:reuters.com:*:nL8N1X1121
    
    ERG   ERG.MI 
    CEO Luca Bettonte on Saturday said the group's EBITDA will
top 600 million euros in 2022.  urn:newsml:reuters.com:*:nS8N1WV00Q
    
    PIRELLI  PIRC.MI 
    Shareholder Camfin said on Friday it had increased its stake
in the tyre maker to 11.37 percent following a decision to buy
up to a further 2 percent of Pirelli's capital. Camfin said it
believed that Pirelli's current share price did not reflect the
company's strong fundamentals and growth potential.
    
    FINCANTIERI  FCT.MI 
    The idea of a share swap between the Italian shipbuilder and
Naval Group is no longer on the cards, Saturday's la Repubblica
reported citing a French source. The worsening of the
relationship between Italy and France means "the conditions are
not there," the source said.
    
    BUZZI UNICEM  BZU.MI 
    The cement maker expects this year's recurring EBITDA to be
"very similar" to that of the previous year barring any
surprises on exchange rates, Il Sole 24 Ore reported on Sunday.
    
    EI TOWERS  EIT.MI 
    Shares in the masts group have been delisted, the company
said on Friday. After a successful takeover on the group,
2iTowers will buy shares equivalent to 2.553 percent of the EI
Towers' capital that it does not already own.  
   
    DIGITAL MAGICS  DMG.MI 
    CEO Marco Gay attends roundtable discussion on Italian
Start-Ups (0800 GMT).
    
    Board meetings on Q3 sales results: LUXOTTICA  LUX.MI , GEDI
GRUPPO EDITORIALE  GEDI.MI , SOGEFI  SGFI.MI .
    
    ((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/