Italy - Factors to watch on February 17
17/02/2014 08:10
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 (*). POLITICS Italian President Giorgio Napolitano summoned Matteo Renzi to a meeting on Monday at which he is expected to ask the centre-left leader to form a government that must overhaul one of the most troubled economies in the euro zone. Enrico Letta resigned as prime minister on Friday after his Democratic Party forced him to make way for Renzi, 39, who is promising radical reforms to Italy and a government that can survive until 2018. urn:newsml:reuters.com:*:nL6NLL0P3 ECONOMY Ratings agency Moody's lifted on Friday its outlook on Italy's credit rating to 'stable' from 'negative', the first signal of a possible change in sentiment towards the country's sovereign debt since the start of the euro zone crisis. urn:newsml:reuters.com:*:nL5N0LJ40H DEBT Treasury offers 5-year BTPs maturing on June 1, 2018, at 3.50 percent coupon buying back following: BTPs maturing on Feb. 1, 2015, at 4.25 percent coupon; BTPs maturing on June 15, 2015, at 3.0 percent coupon; BTPs maturing on Aug. 1, 2015, at 3.75 percent coupon; CCTEUs maturing on Dec. 15, 2015; CCTEUs maturing on June 15, 2017. COMPANIES FIAT FIA.MI Fiat has asked the Bank of Italy's permission to turn financing unit Fga Capital into a bank to cut funding costs, a source with direct knowledge of the situation told Reuters urn:newsml:reuters.com:*:nL6N0LL06X * Italian carmaker Fiat FIA.MI said on Monday that its access to finances of its U.S. unit Chrysler, of which it took control last month, was restricted by a cap on dividend distributions and debt covenants. urn:newsml:reuters.com:*:nI6N0LB01A ALITALIA UniCredit CRDI.MI , which became a core shareholder of Alitalia after the capital increase, is proposing to change some elements of the carrier's by-laws to facilitate Etihad's possible purchase of a large stake in Alitalia, Il Messaggero said on Saturday. * SALVATORE FERRAGAMO SFER.MI The company has no plans to move its seat or production outside of Italy and does not plan any acquisitions, Chairman Ferruccio Ferragamo was quoted by CorriereEconomia as saying on Monday. He was not concerned about the slowdown in Asian markets, he added. DEA CAPITAL DEA.MI Oceano Immobiliare, a Luxembourg-based vehicle controlled by U.S. fund Blackstone BX.N , will launch a public tender offer on real estate fund Atlantic 1 managed by Italian asset-manager IDeA FIMIT, a group that specialises in property funds and is majority-owned by the De Agostini holding DEA Capital, Oceano said on Monday. * LUXOTTICA LUX.MI The chief executive of the luxury eyewear said over the weekend he was not interested in running for minister and was happy to stay at the helm of the company. MISSONI Qatari investment fund Mayhoola for Investments, which bought Valentino in 2012, is looking for fresh acquisition in the Italian luxury sector and could be interested in fashion house Missoni, Il Sole 24 Ore said on Saturday without quoting sources. BENI STABILI BNSI.MI Holds analysts presentation on FY results (1030 GMT). GEFRAN GFRN.MI Holds board meeting on preliminary FY results (0900 GMT). SACOM SACM.MI Holds shareholders' meeting (1700 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/ Keywords: ITALY FACTORS/FEBRUARY 17