Italy - Factors to watch on January 29
29/01/2014 07:03
The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). POLITICS Italian centre-left leader Matteo Renzi warned rival parties on Tuesday not to hold up electoral reform after they tabled scores of amendments that risked delaying legislation that could pave the way for wider economic measures. ID:nL5N0L22S5 ECONOMY ISTAT releases January business confidence data (0900 GMT). DEBT Treasury sells 8 billion euros of six-month BOTs. Subscriptions close at 1000 GMT. COMPANIES FIAT FIA.MI Holds board meeting to decide on the headquarters, listing and name of the new group after its merger with Chrysler. Company also to publish Q4 and FY results, followed by conference call on Q4 and FY results for Fiat and Chrysler (1400 GMT). INTESA SANPAOLO ISP.MI Intesa Sanpaolo said on Tuesday has paid back in full the 36 billion euros ($49 billion) in cheap 3-year loans from the European Central Bank, the first Italian bank to do so. ID:nL5N0L23PN MONTE DEI PASCHI DI SIENA BMPS.MI Italy's economy ministry urged the top shareholder in the troubled bank to cut its stake and let other investors in, but denied a report that it was trying to bring forward a 3-billion euro share sale. ID:nL5N0L236Z TELECOM ITALIA TLIT.MI The group said it will redeem ahead of time an hybrid bond worth 750 million euros due in 2073. CREDITO EMILIANO EMBI.MI Rating agency Moody's confirmed on Tuesday Credem's long-term deposit ratings of Baa3 but assigned a negative outlook, citing Italy's fragile economic recovery and uncertainty created by a sector-wide European health check. ID:L5N0L24FK LUXOTTICA LUX.MI The Ray Ban sunglasses maker said on Tuesday 2014 had started well, laying the foundation for growth in the full year, as it reported a rise in full-year sales for 2013. Its CEO poured cold water on suggestions Luxottica could use its cash pile to pay out a special dividend, saying the company was more interested in expansion. ID:nL5N0L2405 * GAS PLUS GSP.MI Italian gas distributor Gas Plus said it had decided to retain its 15 percent interest in the so-called XV Midia Block deepwater block in Romania. Gas Plus has the options to sell its interest to the other partners, Exxon Mobil XOM.N and OMV Petrom ROSNP.BX , before drilling. BANCA ETRURIA PEL.MI The bank will examine tie-up proposals in the next few weeks with a view of receiving binding offers in March, sources clsoe to the matter told Reuters on Tuesday. ANSALDO STS STS.MI Holds board meeting on preliminary FY results. DIGITAL MAGICS DGM.MI Expected to hold investor meeting. ELECTROLUX ELUXb.ST Holds talks with officials at Italy's Industry Ministry (1400 GMT). HI REAL UAIT.MI Holds shareholders' meeting (1000 GMT). TAMBURI INVESTMENT PARTNERS TIP.MI Holds investor meeting (1700 GMT). TOD'S TOD.MI Holds board meeting on sales results in 2013. ((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/JANUARY 29