Italy - Factors to watch on October 23

Eni SpA

Today 05:00

The following factors could affect Italian markets on Friday.

        Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
       
POLITICS
Italy and Spain have agreed to lift border controls on each other's citizens, the interior ministry in Rome said on Thursday, ending a three-month dispute triggered by the rush of migrants into the Spanish enclave of Ceuta.

ECONOMY
The Bank of Italy has so far found no evidence that ongoing consolidation among domestic banks has translated into tighter credit for businesses, Governor Fabio Panetta said on Thursday, adding that the central bank will continue to look at the matter.
        
DEBT
Italy's Treasury said on Thursday it will sell up to €3.5 billion in Short-term BTP ed inflation-linked BTP bonds at auction on October 27.
On Friday it will detail BOT bills to be sold at auction on October 28.
The Treasury is also due to close the sale of it BTP Valore dual tranche retail bond (1100 GMT). As of Thursday, it had placed €14.9 billion.
(*) Financial daily Il Sole 24 Ore reported on Friday that the Treasury may slightly increase the guaranteed coupons on the bond announced last week. 

COMPANIES 
BANKS
Bank of Italy chief Panetta said on Thursday that proposals to set limits on banks' holdings of their government's bonds were untimely and unuseful.

(*) ENI ENI.MI
The energy group said on Friday it would pay a €1.3 billion special dividend, worth €0.46 per share, and slightly increase its share buyback programme, after posting a third-quarter net profit that more than doubled from a year earlier.
A conference call on  Q3 results is scheduled at 1200 GMT.
The company's board said on Thursday it would pay the second tranche of its 2026 dividend, worth €0.27 per share, on November 25.   

SAIPEM SPMI.MI
BlackRock has increased its stake in the oil service company to 8.63% from 5.16%, a filing by market watchdog Consob showed on Thursday.  

RECORDATI RECI.MI 
The bid by CVC Capital Partners CVC.AS and Belgian investment group Groupe Bruxelles Lamberthas GBLB.BR for the Italian drugmaker ends of Friday.

(*) BANCO BPM BAMI.MI, MONTE DEI PASCHI BMPS.MI
Banco BPM CEO Giuseppe Castagna plans to abstain at an October 29 shareholders meeting of Monte dei Paschi di Siena (MPS) called to vote on a proposed merger with Mediobanca MDBI.MI, daily la Repubblica reported on Friday, citing unnamed sources.
Other large stakeholders in Banco BPM are considering not taking part in the MPS shareholder meeting, the newspaper added, while Banco BPM's board will gather by Tuesday of next week to decide its position.
     
BANCA MONTE PASCHI BMPS.MI
Barclays has cut its stake in the Tuscan lender to 3.07% from 5.03%, 
        
BPER BANCA EMII.MI
J.P. Morgan Asset Managements raised its stake in the lender to 8.79% from 5.79%, a filing by market watchdog Consob showed on Thursday.
        
(*) JUVENTUS JUVE.MI
The Turin-based club dropped their first points of the Europa League campaign after coming from behind to draw 2-2 with visitors Rennes on Thursday.


DIARY 
Prime Minister Giorgia Meloni in Kuwait City to meet with Emir of Kuwait Misha’al Al-Ahmad Al-Jaber Al-Sabah.
Turin, European Central Bank executive board member Piero Cipollone speaks at the International Festival of Economics in Turin (1400 GMT)
       


        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
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/