Italy - Factors to watch on April 1
01/04/2019 05:00
MILANO, March 29 (Reuters) - 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 .
POLITICS
Cabinet expected to meet to approve package of measures to
spur growth.
Italy can't afford fiscal expansion at a time when its
economic growth is heading to close to zero, Treasury Minister
Giovanni Tria said on Sunday. urn:newsml:reuters.com:*:nL8N21I0BX
ECONOMY
IHS Markit releases March PMI manufacturing (0745 GMT)
ISTAT releases February unemployment data (0800 GMT)
News conference to present OECD economic survey of Italy
with Secretary General Angel Gurria, Italian Economy Minister
Giovanni Tria (1215 GMT)
Transport Ministry releases March car sales data (1600 GMT)
March state sector borrowing requirement data.
COMPANIES
TELECOM ITALIA TLIT.MI
Top shareholder Vivendi took a first step on Friday towards
ending a bitter dispute with U.S. fund Elliott, after the French
group faced defeat in its attempt to change Italy's biggest
phone group's board. urn:newsml:reuters.com:*:nL8N21G23Z
BANCA CARIGE CRGI.MI (*)
Carige said on Saturday the European Central Bank had
extended until Sept. 30 a mandate to three temporary
administrators who have been put in charge of the troubled
Italian bank. urn:newsml:reuters.com:*:nL8N21H09R
(*) Shares indefinitely suspended from trading.
DAVIDE CAMPARI CPRI.MI
The drinks group is looking for opportunities in Asia, in
particular in China, and its ideal acquisition target is a
premium brand at least as big as Grand Marnier, with a
significant share of the on-premise beverage market and a large
U.S. presence, CEO Bob Kunze-Concewitz told Milano Finanza on
Saturday, adding the desired valuation was of between 5-14 times
EBITDA. Asset sales are not a priority but Campari could sell
some local brands in South America in the future.
FIAT CHRYSLER FCHA.MI FCAU.N
Canadian trade union Unifor called for an emergency meeting
with Fiat Chrysler to discuss the future of two assembly plants
in the country. urn:newsml:reuters.com:*:nFWN21G139
PSA Group and FCA are exploring a partnership to share
investments to build cars in Europe, according to people
familiar with the talks.
MITTEL MTTI.MI
Net income at Italian investment group fell to 1.3 million
euros in 2018 from 16.9 million euros in the previous year.
urn:newsml:reuters.com:*:nFWN21G0V7
ALITALIA
Ferrovie dello Stato's advisers are frantically looking for
co-investors in Alitalia's rescue, la Repubblica reported on
Saturday. The paper said some foreign funds could cover 5
percent of the required 1 billion euro initial investment. China
Eastern could contribute another 5 percent next to Delta
Airlines' 15 percent, leaving open the question of who could
finance the missing 30 percent.
IPOs
Italian payments group Nexi's initial share sale drew strong
investor demand on its first day, with bookrunners saying orders
exceeded the amount on offer in what is likely to be one of
Europe's biggest listings this year. urn:newsml:reuters.com:*:nL8N21G1QK
EDISON EDNn.MI
Voluntary conversion of savings shares into ordinary shares
ends (started on Feb. 15).
ESPRINET PRT.MI
Board meeting on FY results.
GAS PLUS GSP.MI
Conference call on FY results (0800 GMT).
Trade ex-dividend: BANCA FARMAFACTORING BFF.MI of 0.539
euro per ordinary share; BANCO DI DESIO E DELLA BRIANZA
DESI.MI of 0.0839 euro per ordinary share and 0.1007 euro per
saving share.
DIARY
Milan, conference on "For the Capital of Capitals", expected
attendees include Class Editori CLED.MI CEO Paolo Panerai,
market regulator Consob President Paolo Savona, banking
association ABI President Antonio Patuelli, Borsa Italiana CEO
Raffaele Jerusalmi, Societe Generale SOGN.PA Chairman Lorenzo
Bini Smaghi, UBI Banca UBI.MI CEO Victor Massiah, European
Commission official Mario Nava, New York Stock Exchange COO John
Tuttle, Allianz Italian unit CEO Giacomo Campora, Zurich Italian
unit CEO Alessandro Castellano, SACE CEO Alessandro Decio,
European Parliament official Roberto Gualtieri, Economy Ministry
Undersecretary Massimo Garavaglia, Cabinet Undersecretary
Stefano Buffagni (1230 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/
(Reporting By Viviana Venturi)
((viviana.venturi@thomsonreuters.com;))