Italy - Factors to watch on March 30
30/03/2020 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 .
GENERAL
Italy's government will "inevitably" extend beyond April 3
the containment measures it had approved to stem the coronavirus
outbreak in the country, the regional affairs minister said on
Sunday. urn:newsml:reuters.com:*:nL8N2BM0JL
The death toll from an outbreak of coronavirus in Italy
climbed by 756 to 10,779, the Civil Protection Agency said on
Sunday, the second successive fall in the daily rate. The total
number of confirmed cases in Italy rose on Sunday to 97,689 from
a previous 92,472, the lowest daily rise in new cases since
Wednesday. urn:newsml:reuters.com:*:nL8N2BM0C6 urn:newsml:reuters.com:*:nL8N2BM0R0
ECONOMY
Italian Prime Minister Giuseppe Conte has urged the European
Union to launch a "recovery bond" to help fund the response to
the coronavirus outbreak, saying failure to tackle the emergency
would be a "tragic mistake" for the bloc. In an interview with
Italian daily Il Sole 24 Ore on Saturday, Conte said a common
debt instrument was needed to spearhead a European recovery and
reinvestment plan to support the economy of the whole area.
urn:newsml:reuters.com:*:nL8N2BL09R
Germany will have to soon clear up its position towards the
possibility of Europe's use of joint debt issuance - "a
necessary instrument"- to face the economic outfalls of the
coronavirus emergency, the President of the European Parliament,
David Sassoli, told daily Il Messaggero on Sunday, adding that
member states should not be "selfish". He added that battle
against the virus outbreak was still long and Europe would need
"loads of money".
The European Commission cannot "sign up to the helicopter
money party", EU Economics Commissioner Paolo Gentiloni told La
Stampa on Sunday. He added that another instrument that the EU
could use to tackle the coronavirus emergency could be
"strengthening the European Investment Bank", without giving
further details.
COMPANIES
BANKS
The European Central Bank told euro zone banks on Friday to
skip dividend payments and share buybacks until October at the
earliest and use their profits to support the economy as it is
hit by the coronavirus pandemic. urn:newsml:reuters.com:*:nL8N2BK20Z
The Bank of Italy on Friday told banks under its direct
oversight they should not pay or commit to pay dividends on 2019
and 2020 results until at least Oct. 1. urn:newsml:reuters.com:*:nL8N2BK89F
UNICREDIT CRDI.MI
Italy's biggest bank on Sunday said it was putting on hold
plans to pay dividends on 2019 results and buy back shares to
meet regulatory calls to preserve capital to support the economy
against coronavirus. urn:newsml:reuters.com:*:nL8N2BM0WK
UBI BANCA UBI.MI
The lender is considering every option regarding its
dividend on 2019 results, la Repubblica reported on Saturday.
INTESA SANPAOLO ISP.MI
Italy's biggest retail bank said on Friday its board would
discuss on March 31 a recommendation from the European Central
Bank to freeze dividend payments. urn:newsml:reuters.com:*:nFWN2BK1FJ
MONTE DEI PASCHI DI SIENA BMPS.MI
Fitch Ratings placed the bank's mortgage covered bonds on
Rating Watch Negative. urn:newsml:reuters.com:*:nFit9hkrPS
CNH INDUSTRIAL CNHI.MI
The industrial vehicle maker may need more time than
initially planned to complete the spin-off and separate listing
of its truck, bus and powertrain businesses, according to an
internal letter sent by its new chief executive. urn:newsml:reuters.com:*:nL8N2BK6F2
CNH has temporarily appointed Brad Crews as general manager
for North America to coordinate all regional efforts during the
coronavirus situation. urn:newsml:reuters.com:*:nFWN2BK1L3
ATLANTIA ATL.MI
Toll payment unit Telepass has appointed Ezio Bassi as
chairman and confirmed CEO Gabriele Benedetto, it said on
Friday.
The group has restarted talks with Italy's transport
ministry over its motorway concession, daily Il Messaggero
reported on Saturday, adding the ministry had asked Atlantia for
a substantial one-off payment and the confirmation of the
planned investments. Il Messaggero also reported that
Australia's Macquarie Group is considering taking a stake in the
Italian group.
LEONARDO LDOF.MI
The defence group said on Saturday it was providing
resources and people to support Italian institutions' efforts
to contain the coronavirus pandemic.
Leonardo added it would support Italy's Civil Protection for
the transportation of medical materials, making two C-27Js
Transport Aircraft and one ATR 72 available as well as its
pilots and three helicopters. The group has also launched the
production of valves to transform snorkelling masks into
pre-intensive care respirators.
TERNA TRN.MI
Italy's power grid is not facing problems during the
coronavirus emergency and there is no risk of a blackout,
Giacomo Donnini, head of Development and Strategy for the group
which manages the national grid, told daily la Repubblica in an
interview on Sunday. urn:newsml:reuters.com:*:nL8N2BM085
JUVENTUS JUVE.MI
Juventus players and coach Maurizio Sarri have reached an
agreement over a wage reduction that will save the Italian
champions 90 million euros ($100.26 million), the Serie A club
announced on Saturday. urn:newsml:reuters.com:*:nL8N2BL0PE
JUVENTUS, AS ROMA ASR.MI , SS LAZIO LAZI.MI
Italy's sports minister said he will propose extending the
ban on all competitions to the whole of April in an effort to
contain the coronavirus. urn:newsml:reuters.com:*:nL8N2BM07U
ALITALIA CAITLA.UL
The state-appointed administrator told investors interested
in Alitalia that the sale of the loss-making carrier is
suspended, Il Sole 24 Ore reported on Saturday.
GEOX GEO.MI
The shoemaker forecast a 20% yearly drop in first-quarter
direct sales following the temporary closure of directly-owned
shops in Italy, Europe and North America due to coronavirus.
FIERA MILANO FIMI.MI
The Milan trade fair group said on Friday it would update
the market in the coming days on the impact on 2020 earnings of
the postponement to April 2021 of this year's Milan design fair
due to take place in June. urn:newsml:reuters.com:*:nBIA6Hll90
MEDIOBANCA MDBI.MI
The Italian merchant bank said on Friday it had completed on
March 25 a buyback programme and it now owned Treasury shares
equivalent to 3% of its capital which it could use either to
support external growth through transactions or for employee
remuneration programmes. urn:newsml:reuters.com:*:nFWN2BK1L0
SAIPEM SPMI.MI
Moody's Investors Service has cut to "negative" from
"stable" the outlook on the Italian oil services group's 'Ba1'
corporate family ratings and on the 'Ba1' rating for the notes
issued by Saipem Finance International.
SNAM SRG.MI
The Italian gas grid operator said on Friday it had
postponed its annual general meeting to June 18 due to the
coronavirus emergency. urn:newsml:reuters.com:*:nFWN2BK1MP
A2A A2.MI
Board meeting to call annual general meeting.
((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/