Italy - Factors to watch on June 27

Ecosuntek SpA

27/06/2019 07:32

The following factors could affect Italian markets on Thursday.
    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 aims to clinch a deal with the European Commission
over its contested public finances without setting a new goal
for next year's budget deficit, a senior government source told
Reuters.  urn:newsml:reuters.com:*:nL8N23X4UA
        
    ECONOMY
    ISTAT releases June consumer and business confidence data
(0800 GMT) and May non-EU foreign trade data (0900 GMT).
    
    DEBT
    Treasury sells BTP and CCTeu bonds. Subscriptions close at
0900 GMT.
    
    COMPANIES
    ATLANTIA  ATL.MI 
    Italy's ruling League party opposes a request by its
coalition partner, the 5-Star Movement, to revoke the motorway
concession of the Italian infrastructure group, a senior League
source said on Wednesday.  urn:newsml:reuters.com:*:nS8N23C02J    
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    The Italian phone group holds a board meeting to discuss a
single-network project with Open Fiber.
    (*) The board will discuss progress made so far in the
search for a partner for a consumer credit joint-venture, Il
Messaggero reported on Thursday citing Radiocor news agency.
    (*) TIM's Brazilian unit TIM Partecipacoes said on Wednesday
it would buy back up to 930,466 own shares through June 2020.
 urn:newsml:reuters.com:*:nE6N20M00Z
    
    ASSICURAZONI GENERALI  GASI.MI 
    Italy's top insurer and Spanish rival Grupo Catalana
Occidente  GCO.MC  are vying to take control of Portuguese
insurance firm Tranquilidade in a deal worth up to $682 million,
five sources familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL8N23X2UI
        
    UNICREDIT  CRDI.MI 
    The Italian lender said on Wednesday that the sale of a 750
million euros senior non-preferred bond had completed its TLAC
subordinated funding plan for 2019.  urn:newsml:reuters.com:*:nFWN23X0LA 
    
(*) CARIGE  CRGI.MI  (**)
    Italy's top banks are not happy with a revised proposal for
ailing lender Carige by U.S. fund Apollo which increases the
planned capital injection to 700 million euros but is otherwise
similar to the previous one which they rejected, Il Messaggero
reported.
    (**) Shares indefinitely suspended from trading.
    
(*) BREMBO  BRBI.MI 
    The company is eyeing an acquisition target of "significant
size", even as big as the Italian brake maker itself, Executive
Vice-President Matteo Tiraboschi told Il Sole 24 Ore in an
interview.  urn:newsml:reuters.com:*:nS8N23C02K
    
(*) FINCANTIERI  FCT.MI 
    A shareholder agreement signed by the Italian shipbuilder
and France's Naval Group for their military ship joint-venture
envisages unanimous decisions on all extraordinary operations
such M&A as well as on decisions over contracts and sharing work
between the two companies, Il Sole 24 Ore reported. 
    
    SALINI IMPREGILO  SALI.MI , ASTALDI  AST.MI 
(*) State lender CDP could invest 250 million euros in Salini
Impregilo, out of a total capital injection of 600 million euros
needed to fund the rescue of ailing rival Astaldi and create a
national construction champion, la Repubblica reported.
    Salini Impregilo holds savings shareholder meeting (0800
GMT).
    
    I GRANDI VIAGGI  IGV.MI 
    Board meeting on H1 results.
    
    TISCALI  TIS.MI 
    Ordinary shareholders' meeting (1300 GMT).
    
    Annual general meetings: BIANCAMANO  BIAN.MI , BORGOSESIA
 BRGI.MI  (1200 GMT), CDR ADVANCE CAPITAL  CDRU.MI  (1300 GMT),
ECOSUNTEK  ECKS.MI  (0800 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/