Italy - Factors to watch on Jan. 9

Ediliziacrobatica SpA

09/01/2019 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
    Rome, Chamber of Deputies and Senate reconvenes.
    
    ECONOMY
    ISTAT releases November unemployment data (0900 GMT).
    
    COMPANIES
    BANCA CARIGE  CRGI.MI 
(*) Italy's support for Banca Carige was needed to avoid the
worsening of a bank run that had already started at the ailing
lender, an official at the ruling League party told newspaper La
Repubblica on Wednesday. 
    Claudio Borghi, who is the economics spokesman for the
right-wing party, also said on Twitter that a merger between
state-controlled lender Monte dei Paschi di Siena  BMPS.MI  and
Banca Carige was an option.  urn:newsml:reuters.com:*:nL8N1Z90TW  
(*) Italy's FITD depositor protection fund on Wednesday will
likely reject a request by Banca Carige to change the terms of a
hybrid bond the troubled bank sold to the fund to raise
second-tier capital, Il Messaggero said.   
(*) Italy's Banca Carige will raise up to 3 billion euros ($3.43
billion) in debt using a state guarantee after Rome approved
emergency measures to shore up the ailing bank, marking a major
about-face by the ruling coalition.  urn:newsml:reuters.com:*:nL8N1Z823G
    The Italian government's intervention to support troubled
lender Carige is a temporary measure, Prime Minister Giuseppe
Conte said on Tuesday, adding he expected the bank to recover
and seek a merger with a rival.  urn:newsml:reuters.com:*:nR1N1XP016
    Special commissioners Pietro Modiano and Fabio Innocenzi and
Liguria Region Giovanni Toti hold news conference to present
partnership with particular reference to the 'Treasury Service'
in Genova (1100 GMT).
    
(*) ASTALDI  AST.MI 
    An Italian court gave permission to the builder to take out
a 75 million euro loan from alternative lender Fortress in a
race to stay afloat, a source close to the matter said on
Wednesday.     
     
    FINCANTIERI  FCT.MI 
    Italian Deputy Prime Minister Matteo Salvini attacked France
and Germany on Tuesday over their role in a European Union
investigation into a planned merger involving Italian
shipbuilder Fincantieri  urn:newsml:reuters.com:*:nL8N1Z85GH
    The European Antitrust authority said in a statement that
France and Germany had asked it to investigate the tie-up
between the two shipbuilders to see whether the transaction
could significantly harm competition.  urn:newsml:reuters.com:*:nB5N1XP03T 
    
    ENEL  ENEI.MI , ACEA  ACE.MI 
    Italian Antitrust authority said on Tuesday it had imposed
fines worth around 93 million euros and 16 million euros
respectively on Enel and Acea for abusive and exclusionary
conducts against competitors. 
    In a statement on Tuesday, Enel said it would challenge the
Antitrust decision in court, adding it believed to have always
acted correctly.
    Acea said it had acted correctly, adding it would consider
moves to protect itself.
    
    FIAT CHRYSLER  FCHA.MI 
(*) Fiat Chrysler Automobiles NV is nearing a settlement to
resolve the U.S. Justice Department's allegations that the
Italian-American automaker used illegal software to allow
104,000 U.S. diesel vehicles to pollute beyond legal limits, a
person briefed on the matter said on Tuesday.  urn:newsml:reuters.com:*:nL1N1Z81T4
    Fiat Chrysler said on Tuesday it had appointed Carl Smiley
as Chief Purchasing & Supply Chain Officer.  urn:newsml:reuters.com:*:nFWN1Z814H
    Sales and production of Brazilian automobiles grew last
year, cementing the industry's recovery from a deep recession
despite the sector's sluggish performance in the final months of
2018, the national automakers' association said on Tuesday.
 urn:newsml:reuters.com:*:nL1N1Z80I2
    
    TELECOM ITALIA  TIM.MI 
    Tim said on Tuesday it had issued a 1.25 billion euro
fixed-rate bond that was offered to institutional investors,
financing itself at 4.125 percent, below its average cost of
debt.
    
    ATLANTIA  ATL.MI 
    French motorway operator Sanef said on Tuesday it was
working on proposals to cushion the impact on drivers of a
planned hike in toll charges, following a government request as
nationwide protests over high living costs continue.
 urn:newsml:reuters.com:*:nL8N1Z728Y
   
    AEROPORTO DI BOLOGNA  ADB.MI 
    Aeroporto di Bologna said on Tuesday passengers in December
rose 7.8 percent year-on-year.  urn:newsml:reuters.com:*:nFWN1Z81EM
    
    EDILIZIACROBATICA  EDAC.MI 
    Ordinary shareholders' meeting (1030 GMT).
    
    DIARY
    Rome, Cabinet Undersecretary Giancarlo Giorgietti attends
news conference to present events planned for the '2019 Day of
Memory' (1000 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/