Italy - Factors to watch on Nov. 2
02/11/2020 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 .
CORONAVIRUS
Italy recorded 28,907 new coronavirus cases on Sunday, down
from the record of 31,758 posted on Saturday, official data
showed. The health ministry also reported 208 COVID-related
deaths, down from 297 the day before.
Italy's health minister said on Sunday that new data on the
coronavirus was "terrifying" and the country had two days to
approve further restrictions to curb its spread, as the
government prepared to announced a new decree as early as
Monday. urn:newsml:reuters.com:*:nL8N2HN0AA
"The resurgence of the virus has been stronger than expected
by anyone, even in Europe," Economy Minister Roberto Gualtieri
said in a television interview on national broadcaster RAI on
Sunday.
ECONOMY
Italy's Prime Minister Giuseppe Conte said on Friday Italy
would extend a block on firings until March 2021, in a fresh
effort to contain the impact of the COVID-19 health crisis on
the jobs market. urn:newsml:reuters.com:*:nL8N2HL7RJ
IHS Markit releases October manufacturing PMI (0845 GMT).
Transport Ministry releases October car sales data (1700
GMT).
October state sector borrowing requirement data.
COMPANIES
MONTE DEI PASCHI BMPS.MI
State-owned Italian bank Monte dei Paschi is weighing
options to boost its capital to withstand higher provisions
against legal risks and the cost of a bad loan clean-up, three
sources close to the matter said. The bank's board will resume
discussions on Monday after it decided to set aside more than
400 million euros on Thursday following the conviction of three
former executives. urn:newsml:reuters.com:*:nL8N2HL643
The government is working to support Monte dei Paschi after
negotiating with the EU a turnaround process which must include
a merger with a strong peer, Italian Economy Minister Roberto
Gualtieri said on Saturday.
The Treasury on Saturday dismissed as groundless reports
describing a proposal it made to UniCredit to take on Monte dei
Paschi that would see the state inject 2-2.5 billion euros in
capital to cover higher provisions against legal risks and the
cost of laying off 6,000 staff, while another 3 billion euros
would be made available as deferred tax assets.
NEXI NEXII.MI
Italian payments technology firm Nexi is leading
negotiations to buy Nordic rival Nets in an all-stock deal worth
about $10 billion after trumping competition from U.S. firm
Global Payments GPN.N , four sources told Reuters. urn:newsml:reuters.com:*:nL8N2HL7R0
UNICREDIT CRDI.MI , BANKING SECTOR
The management has made a considerable effort to improve the
lender's fundamental indicators and its solidity, the Chairman
of UniCredit's investor CRT Torino told Milano Finanza on
Saturday.
Speaking about the Italian banking sector, the chairman of
CRT, which is also an investor in Banco BPM BAMI.MI , said he
hoped domestic lenders would focus on M&A with other
Italian-based entities rather than looking for foreign partners.
ENI ENI.MI
After venturing into photovoltaic, the group will expand its
wind farms, both onshore and offshore, the Director General of
the 'Energy evolution' division told Corriere della Sera in an
interview on Sunday. "Firstly because geographical and
technological diversification is a must, and then because
offshore construction is a sector close to us from an industrial
point of view," Massimo Mondazzi said.
TISCALI TIS.MI , TELECOM ITALIA TLIT.MI
Telecom Italia and smaller rival Tiscali have extended to
Nov. 15 a memorandum of understanding for Tiscali to take a
commercial participation in FiberCop, the last-mile network
project TIM has been developing with U.S. fund KKR, Tiscali said
on Saturday. urn:newsml:reuters.com:*:nBIA4zYFJg
TELECOMS SECTOR
China's No. 2 telecom equipment maker ZTE Corp 000063.SZ
0763.HK intends to grow in Italy also by selling its
smartphones and tablets, the Chairman for Western Europe and CEO
for Italy Kun Hu told Il Sole 24 Ore on Saturday.
"We will do whatever it takes to develop the business,
including entering the device market," Kun Hu said. The group
plans to invest one billion euros in Italy starting from the
beginning of 2021 over the next three years. Kun Hu called on
Rome to avoid creating disadvantages for non-EU technology.
FINCANTIERI FCT.MI
The finalisation of the bid of the Italian shipbuilder on
France's Chantiers de l'Atlantique will be further pushed back,
to Dec. 31, as the groups wait for a verdict from Brussels on
the market impact of the deal, Il Sole 24 Ore reported on
Sunday.
JUVENTUS FC JUVE.MI
Cristiano Ronaldo made an immediate impact on his return
from a COVID-19 infection on Sunday, scoring three minutes after
coming on as a substitute before converting a penalty to lead
Juventus to a 4-1 Serie A win at Spezia.
SS LAZIO LAZI.MI
Lazio produced the most dramatic comeback of the Serie A
season so far when they scored twice in stoppage time to win 4-3
at Torino on Sunday after their opponents had themselves taken
the lead in the 87th minute. urn:newsml:reuters.com:*:nL1N2HN0CU
AS ROMA ASR.MI
AS Roma continued their impressive start to the season when
Leonardo Spinazzola and Pedro gave them a 2-0 win over
Fiorentina in Serie A on Sunday. urn:newsml:reuters.com:*:nL4N2HN08T
FRANCHI UMBERTO MARMI FUMA.MI
Trades ex-dividend of 0.23 euro per ordinary share as
extraordinary dividend.
H-FARM HFARM.MI
Starts capital increase; ends on Nov. 20.
DIARY
Foreign Press Association holds FB live streaming meeting
with Padua University professor of microbiology Andrea Crisanti
(1100 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/