Italy - Factors to watch on Sept. 24

Enertronica Santerno SpA

24/09/2018 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
    Rome, Cabinet meeting on immigration and new security
measures.
    Italy's prime ministerial spokesman has warned that the
anti-establishment 5-Star Movement in the coalition government
will sack Treasury officials in a "mega-vendetta" unless they
find the resources needed for welfare spending.  urn:newsml:reuters.com:*:nL8N1W80JA
    Italy's cabinet undersecretary said on Saturday it was
difficult for the government to meet all its electoral pledges
at the moment and more time was needed to do so.  urn:newsml:reuters.com:*:nS8N1PA07I
    The Panama Maritime Authority has revoked the registration
of search and rescue ship Aquarius 2. SOS Mediterranee said in a
statement it was reeling from news of the revocation, which it
said followed pressure from the Italian government. urn:newsml:reuters.com:*:nL8N1W90U9 
    
    DEBT
    Any increase in deficit spending that does not help boost
structural economic growth could put Italy's debt on an
unsustainable course, the head of the Bank of Italy said.
 urn:newsml:reuters.com:*:nL8N1W809N
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Sept. 27.
    Italy's Treasury said on Friday it would offer 6 billion
euros in six-month bills at an auction on Sept. 26. urn:newsml:reuters.com:*:nI6N1VP010
    
    COMPANIES
    
    BANCA CARIGE  CRGI.MI  
    The board of the bank has appointed Fabio Innocenzi as its
new CEO, the company said on Friday. 
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    Board meeting on Monday.
    TIM's board is split on the issue of separation of the
network, La Repubblica said on Sunday. The CEO and chairman are
not in favour of losing ownership of the network after it is
separated, the paper said.  The board is expected to discuss the
sale of Persidera and the acquisition of Brazil's Nextel, papers
said.  
    Vivendi has reaffirmed its faith in TIM CEO Amos Genish,
several papers said over the weekend, citing a spokesman for the
French media group.  
    
    FIAT CHRYSLER  FCHA.MI 
    Calsonic Kansei has lined up around 5 billion euros ($5.9
billion) in financing from Japanese banks to fund its proposed
acquisition of Fiat Chrysler's unit Magneti Marelli, four
sources familiar with the matter said. urn:newsml:reuters.com:*:nL8N1W7400
    
    LUXOTTICA  LUX.MI 
    Closing of the planned merger between Luxottica and France's
Essilor, first announced almost 2 years ago, is set to be
announced next week or at latest the start of October, Il Sole
24 Ore said, noting Leonardo Del Vecchio will have a stake of
31-38 percent in the new group. 
    
    UNICREDIT  CRDI.MI 
    Italy's biggest bank said on Friday it had agreed to sell to
IFIS NPL a portfolio of bad corporate loans with a gross book
value of 870 million euros.  urn:newsml:reuters.com:*:nL8N1W741D
    
    BANCA IFIS  IF.MI 
    The banking group said on Friday its IFIS NPL unit had
bought three portfolios of bad debt from UniCredit, Deutsche
Bank and an Italian consumer credit company in September.
 urn:newsml:reuters.com:*:nFWN1W70PX
    
    Board meetings on H1 results: BIODUE  BIO2.MI , CSP
INTERNATIONAL  CSP.MI , ENERTRONICA  ENER.MI , KI GROUP  KI.MI ,
LIFE CARE CAPITAL  LCC.MI .
    
    Trade ex-dividend: ENI  ENUI.MI  of 0.42 euro per share as
2018 interim dividend; MASI AGRICOLA  MASIA.MI  of 0.10 euro per
share; SESA  SES.MI  of 0.60 euro per share.
    
(*) M&A, VERSACE
    The sale of Italian fashion house Versace could be announced
"within hours", daily newspaper Corriere della Sera said on
Monday, citing unnamed sources. urn:newsml:reuters.com:*:nL8N1WA0ZE
    
    ((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/