Italy - Factors to watch on May 29

Ecosuntek SpA

29/05/2019 05:00

The following factors could affect Italian markets on Wednesday.
    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 Deputy Prime Minister Matteo Salvini said on Tuesday
European Union budget rules should be changed because they were
rejected by voters in European parliamentary elections.
 urn:newsml:reuters.com:*:nS8N22T04F
    The executive European Commission will send a letter on
Wednesday to the Italian government asking for clarifications on
its expanding debt, an EU official said on Tuesday.  urn:newsml:reuters.com:*:nL8N2345VK
    
    ECONOMY
    ISTAT releases May consumer and business confidence data
(0800 GMT).
    
    DEBT
    Treasury sells 6.5 billion euros new 6-month BOT bills.
Subscriptions close at 0900 GMT.
    
    COMPANIES
    FCA  FCHA.MI 
    The Italian-American car maker's proposal for a merger with
Renault  RENA.PA  has non immediate impact on ratings and would
be credit positive as it makes strategic sense and could create
substantial synergies, but there are significant execution risks
for the deal as it is a large scale transaction, said Moody's on
Tuesday.  urn:newsml:reuters.com:*:nS8N22T04I
    Credit rating Agency DBRS said on Tuesday that "the merger,
if completed, would likely have positive credit implication". 
    
    BANCO BPM  BAMI.MI 
    Italy's third largest lender said on Tuesday it had
appointed the head of its NPL unit Edoardo Ginevra, as chief
financial officer (CFO) of the group.  urn:newsml:reuters.com:*:nFWN2340IG
    Credit rating agency Moody's said on Tuesday it upgraded
Banco BPM's deposit ratings to Baa3 from Ba1 as the bank
improved its asset quality following its recent derisking
 urn:newsml:reuters.com:*:nMDY9V29rd
    
    
    CDR ADVANCE CAPITAL  CDRU.MI 
    Bondholders' meetings (1300, 1330, 1400, 1430 GMT).
    
    EXOR  EXOR.MI 
    Annual general meeting (0700 GMT).
    
    KI GROUP  KI.MI 
    Board meeting on Q1 results.
    
    Board meetings on FY results: CALEIDO GROUP  CALG.MI ,
ECOSUNTEK  ECKS.MI , ENERTRONICA  ENER.MI , NETWEEK  NTW.MI .
    
    DIARY
    Rome, Cabinet Undersecretary Giancarlo Giorgetti speaks
before Parliamentary commission for the implementation of fiscal
federalism (0630 GMT).
    Rome, report presentation on "Public Welfare and
Occupational Welfare"; expected attendees include trade union
CGIL Secretary General Maurizio Landini, Deputy Prime Minister
and Industry Minister Luigi Di Maio, budget parliamentary office
President Giuseppe Pisauro, welfare institute INPS President
Pasquale Tridico (0700 GMT); Chamber of Deputies Speaker Roberto
Fico delivers closing address (1030 GMT).
    Rome, two-day conference on "Twenty Years since the
Liberalization of the Electricity Market" (0800 GMT); expected
attendees include Deputy Prime Minister and Industry Minister
Luigi Di Maio, Terna  TRN.MI  CEO Luigi Ferraris, Acquirente
Unico President Andrea Peruzy, Enel  ENEI.MI  Italian unit
Director Carlo Tamburi, Utilitalia and A2A  A2.MI  Chairman
Giovanni Valotti.
    Rome, state auditor 'Corte dei Conti' presents "2019 Report
on "Coordination of Public Finance" with President Angelo
Buscema, Cabinet Undersecretary Giancarlo Giorgetti (0830 GMT).
    Milan, DAZN holds news conference on first sports season
(0900 GMT).
    Milan, Foreign Press Association holds meeting with Banco
BPM CEO Giuseppe Castagna (0930 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/