Italy - Factors to watch on Sept. 12

Esprinet SpA

12/09/2019 07:36

(Corrects typo)
The following factors could affect Italian markets on Thursday.
    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 ruling 5-Star Movement will monitor closely a
bid by Hong Kong Exchange  0388.HK  for the London Stock
Exchange  LSE.L  to ensure it does not hurt Italian interests,
it said on Wednesday.  urn:newsml:reuters.com:*:nL5N2625EA
   (*) A cabinet meeting scheduled on Thursday may discuss a
potential use of government special powers in case the bid goes
through, MF daily reported.
    
    DEBT
    Treasury sells 3.5-4.0 billion euros new 0.05% BTP bonds due
Jan. 15, 2023; 1.75-2.25 billion euros 2.10% BTP bonds due July
15, 2026; 1.0-1.5 billion euros 3.85% BTP bonds due Sept. 1,
2049. Subscriptions close at 0900 GMT.
    
    COMPANIES
    
   (*) ALITALIA (unlisted)
    The Italian Economy minister told Italian railway group
Ferrovie dello Stato, which is leading an effort to arrange a
rescue plan of the Italian troubled carrier, it would join the
plan only after a formal agreement among other partners,
including infrastructure group Atlantia  ATL.MI  and U.S.
carrier Delta Air Lines  DAL.N , Il Messaggero daily reported on
Thursday.
    
    (*) BANKS
    Italian banking association ABI sent a letter to the
European Central Banks asking to include banks "tiered", or
preferentially high, interest rates on deposits held at the ECB
in its stimulus package, Italian newspapers reported on
Thursday.
    
    (*) CARIGE  CRGI.MI 
    A rescue plan of the Italian troubled lender agreed by the
Italian banks and led by the country's depositor protection fund
(FITD) will not be changed, despite the opposition of the
Malacalza family, Carige's top investor, ahead of a crucial
shareholder meeting, MF reported on Thursday.
    
    TELECOM ITALIA  TLIT.MI , TIM  PARTICIPACOES  TIMP3.SA 
   (*) Chairman Fulvio Conti is set to step down in a move that
could pave the way to a more balanced board make-up, in the
light of a less acrimonious relationship between the phone
group's top investors, La Republican daily reported on Thursday.
    
    The Brazilian Senate's Science and Technology Committee on
Wednesday approved a bill that will modernize Brazil's
telecommunications law and boost companies in the sector by
lifting restrictions on asset sales. The bill could also benefit
Telecom Italia's Brazilian unit Tim Participacoes  urn:newsml:reuters.com:*:nL2N2620RJ
    
    IL SOLE 24 ORE  S24.MI 
    The Italian market watchdog dropped the case on alleged
market manipulation against the publisher of Italy's financial
daily, the media company said on Wednesday.  
    
    LANDI RENZO  R.MIL 
    The company said on Wednesday its 2019 outlook remains
unchanged after net profit for the first half of the year rose
to 2.9 million euros from 1.7 million euros last year.
    
    ESPRINET  PRT.MI 
    The Italian IT company said on Wednesday its net income  in
the first half of 2019 rose 22% to 7.6 million euros.
 urn:newsml:reuters.com:*:nFWN2620UM 
      
    TAMBURI INVESTMENT PARTNERS  TIP.MI 
    The Italian merchant bank said on Wednesday its pro-forma
revenues rose to 5.3 million euros in the first half of 2019
from 1.6 million euros in the first half of 2018. Net profit
decreased to 41.5 million euros from 67.7 million euros one year
ago.  urn:newsml:reuters.com:*:nFWN26207S
    
    SOMEC  SOME.MI 
    The Italian engineering company said on Wednesday it won an
order in China for 7 million euros to build a new ship in
Shanghai. urn:newsml:reuters.com:*:nFWN2620B1  
    
    ITALIAONLINE  IOL.MI 
    Sunrise Investments ends voluntary and full takeover offers
on Italian ordinary and saving shares (started on July 29).
    
    DIARY
    Milan, Italian Stock Exchange Chairman Andrea Sironi attends
event at Milan bourse building (0930 GMT)
    Milan, Illimity Bank  ILTY.MI  holds news conference to
present new digital bank with CEO Cerrado Passer (0930 GMT).
    Milan, Edison  EDNn.MI  CEO Nicola Monti attends
inauguration ceremony of "Officinal Edison" (0800 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)............ .GI.MP 
    20 biggest losers (in percentage)............. .P.MIL 
    FTSE IT all share index  .FTITLMS 
    FTSE Mi index........  .FTMIB 
    FTSE All stars index...  .FTSTAR 
    FTSE Mid Cap index....  .FTITMC 
    Block trades..........  .BLK.MI 
    Stories on Italy...... 
    
    For pan-European market data and news, click on codes in 
 brackets:
  European Equities speed guide................... EUR/EQUITY 
  FTSEurofirst 300 index.............................. .FTEU3 
  DJI STOXX index...................................... .STOXX 
  Top 10 STOXX sectors........................... .PGL.STOXXS 
  Top 10 EUROS sectors...................... .PGL.STOXXES 
  Top 10 Euro first 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............... Tope 
  Main currency report:............................... FOX/