Italy - Factors to watch on Oct. 26

ESI SpA

26/10/2020 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
    The government ordered bars and restaurants to close from 6
p.m. and shut cinemas, gyms and swimming pools as it tightened
coronavirus restrictions but left most businesses operating and
held back from imposing any nationwide curfew.  urn:newsml:reuters.com:*:nL1N2HG0E8
    On Sunday, Italy posted 21,273 new cases and 128 deaths. 
    Italy's Deputy Economy Minister Antonio Misiani said the
government aimed to make a decree which gives funds to 350,000
companies affected by the second wave of COVID-19 effective from
Tuesday.  urn:newsml:reuters.com:*:nR1N2GR00Y
      
    ECONOMY
    On Friday Standard and Poor's revised Italy's sovereign
outlook to stable from negative and affirmed its long- and
short-term credit rating at "BBB/A-2".  urn:newsml:reuters.com:*:nL4N2HE4CA
    Asset management industry body Assogestioni releases
September fund flows data.
    
    DEBT
    (*) "We wanted to try to increase the average debt maturity
at a time when we know there was a lot of pent-up demand," the
Italian Treasury's head of debt management Davide Iacovoni told
the Financial Times, speaking of the sale on Thursday of 8
billion euros of a 30-year new bond, part of a syndicated
exchange offer. The EU's first sale of joint debt to finance
coronavirus aid, he added, was a "a strong message of European
cohesion, and Italy has always benefited from this kind of
sentiment". 
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Oct. 29.
    
    COMPANIES
    ATLANTIA  ATL.MI 
    La Repubblica reported on Sunday Italy's transport
regulatory body has told the transport ministry annual motorway
toll increases should average 1.08%, 38% below the 1.75% agreed
as the basis for talks with funds interested in Atlantia's
tollroad operator Autostrade per l'Italia. The difference could
cost Autostrade 3.3 billion euros over 18 years, affecting the
8.5-9.5 billion euro valuation agreed for the unit, it said.
    
    TELECOM ITALIA  TLIT.MI 
    Telecom Italia is drawing up a new plan worth between 4
billion and 4.5 billion euros ($5.3 billion) to speed up its
fibrE roll-out in the country, Bloomberg reported.
    
    LEONARDO  LDOF.MI 
    London-based hedge fund Bluebell Partners, has written to UK
Defence Secretary Ben Wallace to raise concerns over Leonardo's
role in British military contracts after chief executive
Alessandro Profumo was convicted of fraud, UK's Telegraph
newspaper reported on Sunday.
    The newspaper said Bluebell asked for reassurance Profumo's
decision not to step down would have no negative consequence on
existing commercial relationships and on Britain's Tempest
future air combat programme in which Leonardo is involved.
    
    BPER  EMII.MI 
    Italian lender BPER Banca said on Friday that the 802
million euros right issue launched to fund the acquisition of
532 branches from rival Intesa Sanpaolo  ISP.MI  has been
subscribed 99.2%.  urn:newsml:reuters.com:*:nBIA5B59Tn
    HSBC on Monday raised the bank to buy from hold.
 urn:newsml:reuters.com:*:nFWN2HH08I
    
    ENEL  ENEI.MI 
    The Italian utility said its global power production fell
12.4% in the first nine months, to 159,637 GWH.  urn:newsml:reuters.com:*:nS8N2FY08L
    Enel launched a consent solicitation for holders of some
subordinated, non-convertible hybrid bonds in order to align
their terms to the ones of the perpetual subordinated,
non-convertible hybrid bond launched by Enel on September 1st,
2020.  urn:newsml:reuters.com:*:nBIA7jN1Nj
    
    ASSICURAZIONI GENERALI  GASI.MI , CATTOLICA  CASS.MI  
    Italy's top insurer, Assicurazioni Generali, said on Friday
it had subscribed to a 300 million euro reserved capital
increase at Cattolica, as expected. The investment will make
Generali Cattolica's biggest shareholder.  urn:newsml:reuters.com:*:nBIA88Tnm0  
    
    TELECOMS
    Italy has blocked Fastweb from signing a supply deal with
Huawei  HWT.UL  for its 5G core network, two sources close to
the matter said, a further sign Rome is adopting a tougher
stance against the Chinese telecoms equipment maker.
 urn:newsml:reuters.com:*:nL8N2HE6BR
    
    IL SOLE 24 ORE  S24.MI  
    Il Sole-24 Ore, the Italian financial daily owned by
employers lobby Confindustria, is not up for sale, Carlo Bonomi,
head of the business association said on Sunday.
    
    (*) STMICROELECTRONICS  STM.MI 
    The group said on Monday it signed a partnership with Sanken
Electric  6707.T  to develop intelligent power modules for hight
voltage industrial and automotive products.  urn:newsml:reuters.com:*:nFWN2HG06D
    
    (*) JUVENTUS  JUVE.MI 
    Juventus substitute Dejan Kulusevski rescued a point for the
champions at home to Verona as they were held to another 1-1
draw in Serie A on Sunday.  urn:newsml:reuters.com:*:nL4N2HG0BK
    
    (*) SS LAZIO  LAZI.MI 
    Luis Alberto set Lazio on the way to a 2-1 win over Bologna
with a superb solo effort in Serie A on Saturday after the
visitors had a goal disallowed by VAR.  urn:newsml:reuters.com:*:nL4N2HF03W
    
    (*) AS ROMA  ASR.MI 
    The Serie A club said on Sunday it has increased the amount
of its cash call to 210 million euro and extended its execution
until the end of next year after reporting a wider net loss of a
204 million euro. It also extended the period of the offer by
Romulus and Remus Investments LLC to Nov. 6.  urn:newsml:reuters.com:*:nL8N2HH0Y8
 urn:newsml:reuters.com:*:nBIA43Qv4y
    
    AIRPORTS
    Roberto Barbieri, Chief Executive of Gesac, the privately-
owned operator of Naples Capodichino airport, told Il Sole 24
Ore on Saturday traffic has fallen 73-74% from 2019 levels and
said the airport will have to close by the end of the year if
the fall reaches 80%.
        
    ESI  ESI.MI 
    Italian health and beauty product manufacturer ESI debuts on
AIM segment.
    
    MASSIMO ZANETTI BEVERAGE GROUP  MZB.MI 
    MZB Holding starts full voluntary takeover bid on Massimo
Zanetti Beverage Group ordinary share; ends on Nov. 20.
    
    PIOVAN  PVNA.MI 
    Trades ex-dividend of 0.11 euro per share.
    
    VISIBILIA EDITORE  VE.MI 
    Starts capital increase; ends on Nov. 12.
    
 
    DIARY
    EU Economy Commissioner Paolo Gentiloni to be interviewed at
online event "Europe at the crossroads after the shock. Road to
Recovery: ever closer Union or forced coexistence?" (1700 GMT).
    ISPI holds online round-table discussion "Overcoming the
Pandemic: the EU Quest for Growth and Jobs" with Italian EU
Affairs Minister Vincenzo Amendola, German counterpart Michael
Roth, Fincantieri  FCT.MI  Chairman Giampiero Massolo (1700
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/