Factors to watch on June 30

GVS

30/06/2020 05:00

The following factors could affect Italian markets on Tuesday.
    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 .
    
    ECONOMY
    ISTAT releases June flash CPI and HICP data (0900 GMT) and
May producer prices data (1000 GMT).
    
    DEBT
    Treasury sells 2.5-3.0 billion euro 1.85% BTP bonds due July
1, 2025; 0.75-1.25 billion euros CCTeu bonds due Dec. 15, 2023;
2.5-3.5 billion euros following two BTP bonds: 1.65% due Dec. 1,
2030 and 0.95% due Aug. 1, 2030. Subscriptions close at 0900
GMT.
    
    COMPANIES
    MPS  BMPS.MI  
    The Italian bank approved a plan on Monday to offload more
than 8 billion euros in gross bad loans in a move that could
pave the way for a possible re-privatisation of the lender.
 L8N2E63N8 
   
    BANKS
    Shareholders in Banco Popolare di Bari approved a plan on
Monday to transform the Italian cooperative lender into a joint
stock company and raise almost one billion euros ($1.12 billion)
in new capital.  urn:newsml:reuters.com:*:nL8N2E654B
    
    TELECOM ITALIA (TIM)  TLIT.MI , ENEL  ENEI.MI 
    Italian broadband operator Open Fiber has asked Telecom
Italia for 1.5 billion euros in damages in a case relating to
alleged abuse of a dominant market position, two sources said on
Monday. A source close to TIM said the claim was ridiculous,
adding TIM was preparing its own damages suit against Open Fiber
for "unfair competition".  urn:newsml:reuters.com:*:nL8N2E6675
    
    FIAT CHRYSLER  FCHA.MI  
    A U.S. appeals court on Monday stayed a lower court's order
requiring officials from General Motors  GM.N  and Fiat Chrysler
Automobiles  FCHA.MI  to resolve GM's racketeering lawsuit.
 urn:newsml:reuters.com:*:nL1N2E6150
    
    CATTOLICA ASSICURAZIONI  CASS.MI  
    The board of Italy's insurer said on Monday its shareholders
would vote on the group's transformation into a joint-stock
company on July 30 or 31.  urn:newsml:reuters.com:*:nL8N2E64BX
        
    GUALA CLOSURES  GLC.MI  
    InvestIndustrial vehicle Special Packaging Solutions
Investments said on Monday offer on 22.57% of Guala Closures
would be closed on July 1, confirmed terms and conditions.
 urn:newsml:reuters.com:*:nR1N2CT018
    
     GVS  GVS.MI 
     The  Italian filter maker said its IPO over-allotment
option has been exercised in full.  urn:newsml:reuters.com:*:nR1N2CT01A 
    
    JUVENTUS  JUVE.MI   
    Soccer club Barcelona have reached an agreement to sell
Brazil midfielder Arthur Melo to Juventus for a fee of 72
million euros ($80.98 million) and signed Bosnian Miralem Pjanic
from the Italian champions for 60 million, the La Liga side said
on Monday.  urn:newsml:reuters.com:*:nL4N2E63IK
    Juventus goalkeeper Gianluigi Buffon and central defender
Giorgio Chiellini have signed new one-year contracts to stay
with the club until the end of the 2020-21 season.  urn:newsml:reuters.com:*:nL4N2E63IK
    Juventus also signed a deal for definitive disposal of
Simone Muratore  urn:newsml:reuters.com:*:nFWN2E60MN 
    
    ATLANTIA  ATL.MI 
    The motorway unit of the infrastructure group apologised on
Monday for road works that were creating traffic jams in the
northern Italian region of Liguria, asking the transport
ministry to discuss possible changes to a timetable for
completing tunnel maintenance on that section of the network. 
    
    ALITALIA 
    Italian government has picked former Poste Italiane  PST.MI 
CEO Francesco Caio as Chairman of Alitalia  CAITLA.UL , Prime
Minister Giuseppe Conte said, as the carrier prepares to return
under state control after 11 years of private management. Caio
is SAIPEM  SPMI.MI  current chairman.
    Fabio Lazzerini, who is currently serving as the carrier's
Chief Business Officer, will be appointed Chief Executive, Conte
said.  urn:newsml:reuters.com:*:nL8N2E65TD

    BANCA CARIGE  CRGI.MI 
    Savings shareholders' meeting (0830 GMT).
    
    EXOR  EXOR.MI 
    Exor's Giano Holding ends full mandatory takeover offer on
shares in publisher GEDI Gruppo Editoriale  GEDI.MI .
    
    DIARY
    Rome, representatives of the Milan stock exchange 'Borsa
Italiana' due to speak before Parliamentary Committee for the
Security of the Republic COPASIR.
    Rome, Energy Authority AEEGSI expected to release energy and
gas fees effective from July 1, 2020.
    Leonardo  LDOF.MI  CEO Alessandro Profumo attends online
event Leonardo Foundation and Civiltà delle Macchine 'Dialoghi
Digitali' (0900 GMT).
    Webinar round-table discussion on "State or market: which
strategies to relaunch the economy and businesses" Campari Group
 CPRI.MI  CEO Bob Kunze-Concewitz, illimity Bank  ILTY.MI  CEO
Corrado Passera (1030 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/