Italy - Factors to watch on April 14
14/04/2020 05:00
The following factors could affect Italian markets on Tuesday.
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
Italian Prime Minister Giuseppe Conte on Friday extended a
nationwide lockdown to contain the new coronavirus until May 3,
though he said a few types of shops would be allowed to re-open.
Conte told a news conference the instruments agreed by euro zone
finance ministers to rescue the bloc's battered economies were
still insufficient. urn:newsml:reuters.com:*:nL5N2BY298
The head of Italy's Higher Health Council, Franco Locatelli,
said on Sunday he believed schools across the country could
reopen after the summer holidays but the decision would be up to
the government. Schools and universities are closed as of March
5 due to the COVID-19 epidemic.
ECONOMY
ISTAT releases March final CPI and HICP data (0800 GMT).
Bank of Italy releases February data on public finances,
state borrowing and debt.
G7 ministers and central bankers to hold meeting on
coronavirus.
COMPANIES
ENI ENI.MI , ENEL ENEI.MI
The chief executives of Italy's top two energy groups, Eni
and Enel, are on course to secure third terms next week when
Rome decides on roles at key state-controlled companies, a
senior government official said. urn:newsml:reuters.com:*:nL5N2BY15A
ASSICURAZIONI GENERALI GASI.MI
Italy's top insurer on Friday said it would pay its 2019
dividend in two tranches, confirming the total amount of 0.96
euros per share, citing strong capital. It will pay a first
tranche of 0.50 euros per share in May and the rest by the end
of the year, subject to an assessment by the board of capital
and regulatory requirements. urn:newsml:reuters.com:*:nL5N2BY1TJ
FIAT CHRYSLER FCHA.MI
Working groups at car makers Fiat Chrysler (FCA) and
Peugeot's owner PSA PEUP.PA are speeding up efforts to
finalise their planned merger despite the coronavirus crisis,
PSA chief executive officer Carlos Tavares said in an internal
note seen by Reuters. urn:newsml:reuters.com:*:nP6N2A401V
Fiat Chrysler reached a deal with unions on Thursday over
health and safety measures to adopt in its Italian plants once
the government eases restrictions on business activity put in
place to contain the coronavirus outbreak. L5N2BX6EF
FERRARI RACE.MI
The luxury sports car maker said on Friday it was extending
to May 3 the suspension of its manufacturing activity in
Maranello and Modena, in accordance with the government's
decision to prolong to the same date a nationwide lockdown to
contain the coronavirus outbreak.
BANKS
Italy has rebuffed calls to include in its latest
coronavirus economic aid package businesses that were already
struggling to repay their debt, two officials who worked on the
measures said, leaving lenders to face rising loan losses.
urn:newsml:reuters.com:*:nL8N2BW5M7
In guidelines to the industry on how to best ensure the
government's emergency liquidity package is effective, the Bank
of Italy told banks to step up efforts to inform clients of the
measures available and support them in the application process.
BRUNELLO CUCINELLI BCU.MI
The Italian luxury goods group said on Thursday it would not
fully meet its full-year targets because of the coronavirus
crisis and would withdraw a proposal to pay a dividend on 2019
results. urn:newsml:reuters.com:*:nL5N2BX4AQ
MEDIASET MS.MI
Amsterdam's appeals court has rejected a request by
shareholder Vivendi VIV.PA to fast-track its appeal against a
court ruling in favour of Mediaset's pan-European project, a
spokesman for the Italian broadcaster said on Friday.
TOD'S TOD.MI
Chairman Diego Della Valle told la Repubblica on Friday the
group was ready to restart production as soon as conditions
allowed it, in compliance with all necessary requirements.
FIERA MILANO FIMI.MI
The Milan trade fair group said on Friday it had cut its
2020 EBITDA target to 38-43 million euros from 71-75 million due
to the coronavirus crisis and the cancellations of events
including the 2020 Salone del Mobile design fair. Fiera Milano
said it counted on events resuming in September.
BANCA IFIS IF.MI
The Italian bank said on Friday it had submitted a binding
bid to buy 70.77% of Farbanca, a bank specialised in services
and financing for pharmacies which is being sold following the
liquidation of Banca Popolare di Vicenza.
OVS OVS.MI
The clothing retailer said on Friday it had postponed to May
11 a board meeting to approve 2019 results originally scheduled
for April 15 but would still publish on that date its main
preliminary recurring results as of Jan. 31.
ASTALDI AST.MI , SALINI IMPREGILO SALI.MI
Astaldi's creditors On Thursday gave the green light to a
plan to rescue the ailing Italian construction company, in a
move paving the way for a tie-up with bigger rival Salini
Impregilo. R1N2BC01O
PIAGGIO PIA.MI
Annual general meeting (0900 GMT).
EDISON EDNn.MI
Starts period of savings shares voluntary conversion into
ordinary shares; ends on July 31.
((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/