Italy - Factors to watch on February 7
07/02/2014 07:48
The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). POLITICS Foreign Affairs Minister Emma Bonino meets German counterpart Fran-Walter Steinmeier Greek radical left unified party President Alexis Tsipras to visits Rome ECONOMY Bank of Italy releases January data on European Central Bank's funding to Italian banks. DEBT Treasury announces sale of BOTs, with relative amounts to be auctioned on Feb. 12. COMPANIES TELECOM ITALIA TLIT.MI The board of Italian phone group Telecom Italia agreed on a procedure that would make it more complex to sell its Brazilian unit TIM Brasil. ID:nI6N0KJ059 Developments at Telecom Italia are on the agenda of Matteo Renzi, the leader of the Democratic Party, which is the mainstay of the ruling coalition, Il Sole 24 Ore said. * ITALIAN BANKS Citigroup has raised its rating on Italian banks to Neutral from Underweight. It raised UniCredit to Buy from Neutral and Intesa Sanpaolo ISP.MI to Neutral from Sell. UniCredit will present at a news conference on Friday its new "Agribond" initiative, which is targeting the agricultural sector. BANCA MONTE DEI PASCHI DI SIENA BMPS.MI The bank said on Friday it would continue to exercise the right, as previously communicated to the market, to not pay coupons on four securities - MPS Capital Trust I, MPS Capital Trust II, Antonveneta Capital Trust I, and Antonveneta Capital Trust II. * SALINI IMPREGILO SALI.MI Group United for the Canal, a consortium led by Spanish builder Sacyr SCYR.MC , said on Friday it had made a new proposal to the Panama Canal authority to resolve an ongoing row over cost overruns at the multi-billion dollar project. ID:nE8N0HJ02H The Panama Canal is ready to pull the plug on a Spanish-led consortium's contract to expand the major world shipping route unless the two sides reach a deal quickly amid a spat over massive cost overruns, its administrator said on Thursday. ID:nL2N0LB28G TELECOM ITALIA MEDIA TCM.MI The company said on Thursday expected losses in 2013 are expected to be around 150 million euros. ITALCEMENTI ITAI.MI Italian cement maker Italcementi on Thursday posted 5.4 percent drop in 2013 sales to 4.24 billion euros ($5.77 billion), hit by a contraction in demand for construction materials in Italy and other crisis-hit European countries BUZZI UNICEM BZU.MI Holds board meeting on preliminary FY results. GABETTI PROPERTY SOLUTIONS GABI.MI Capital increase ends. ((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/ Keywords: ITALY FACTORS/FEBRUARY 7