Italy - Factors to watch on Nov. 20

H-Farm SpA

20/11/2020 05:00

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 (*).
    
    For a complete list of diary events in Italy please click on
 IT/DIA .
    
    GENERAL
    Prime Minister Giuseppe Conte warned Italians on Thursday
they would have to shun "hugs and kisses" at Christmas to help
contain the coronavirus, as the country struggles to curb a
surge in deaths and infections. 
    Italy registered 36,176 new cases and 653 COVID-related
fatalities over the past 24 hours with the northern Lombardy
region, centred on the financial capital Milan, once again
bearing the bulk of the contagion.  urn:newsml:reuters.com:*:nL8N2I55MW
    
    ECONOMY
    ISTAT releases September orders and sales data (0900 GMT).
    Bank of Italy releases financial stability report.
    
    DEBT
    Italy's debt issuance in 2021 will be in line with this
year's total, the Treasury's debt management chief said on
Thursday, as the COVID-19 crisis will continue to weigh on the
country's financing needs.  urn:newsml:reuters.com:*:nR1N2HJ01Q
    Treasury announces sale of CTZ and BTPei bonds, with
relative amounts to be auctioned on Nov. 25.
    
    COMPANIES
    LEONARDO  LDOF.MI  
    The defence group intends to keep control of DRS, Leonardo
said on Thursday, as it assesses options for the U.S. unit
including a listing on the New York Stock Exchange. urn:newsml:reuters.com:*:nL8N2I55J1
    
    ATLANTIA  ATL.MI  
    Italy's foreign minister and top official of the
anti-establishment 5-Star Movement on Thursday called on the
coalition government to discuss the revocation of Atlantia's
motorway concession at the next cabinet meeting.  urn:newsml:reuters.com:*:nR1N2HJ01M
    
    BANKS
    Italy has urged European authorities to update their state
aid rules and give member states leeway to strengthen
state-backed companies buying soured debt, Economy Minister
Roberto Gualtieri said on Thursday.  urn:newsml:reuters.com:*:nL8N2I53S4
    
    MONTE DEI PASCHI  BMPS.MI 
    Rating agency DBRS revised the outlook on the group’s
long-term ratings to "stable" from "negative". All bank's
ratings were confirmed.  urn:newsml:reuters.com:*:nR1N2HJ01O
    
    BRUNELLO CUCINELLI  BCU.MI  
    The luxury brand trimmed revenue growth in the third quarter
to 3.4% at current exchange rates from a 3.6% increase unveiled
last month with its preliminary results. It confirmed its
forecast for the current and next years.  urn:newsml:reuters.com:*:nL8N2I55WH
 urn:newsml:reuters.com:*:nS8N28S039
    
    MASSIMO ZANETTI BEVERAGE GROUP  MZB.MI  
    The coffee maker said on Thursday that MZB Holding had
extended by a further week the acceptance period for its
voluntary offer on the company.  urn:newsml:reuters.com:*:nFWN2I50X5
    
    MEDIASET  MS.MI 
    The Italian broadcaster denied a media report on Thursday
saying it had received a letter from the board of France's
Vivendi  VIV.PA  proposing an alliance in Europe to settle a
long-standing dispute between the two.  urn:newsml:reuters.com:*:nL8N2I522A 
    Italy's top administrative court rejected a last resort
request by Comcast's unit SKY Italia CMCSA.O to remove content
restrictions on the country's top pay-TV player, two sources
familiar with the matter said. Such a decision "inevitably curbs
the company's scope for action and increase the group's
disadvantages compared with online streaming platforms", SKY
said.  urn:newsml:reuters.com:*:nL8N2I56CH
    
    TERNA  TRN.MI  
    The power grid operator has pledged to spend a record 8.9
billion euros ($10.5 billion) on its grid in the next five years
to meet the demands of a growing shift towards green energy.
 urn:newsml:reuters.com:*:nL8N2I52KQ
    
    JUVENTUS  JUVE.MI , LAZIO  LAZI.MI , ROMA  ASR.MI 
    Italy's top-flight Serie A soccer league moved closer to
selling a stake in its media business to boost virus-hit
revenues when it agreed on Thursday to accept a 1.7 billion euro
($2 billion) offer from a private equity consortium.
 urn:newsml:reuters.com:*:nL8N2I54M4 
    
    H-FARM  HFARM.MI 
    Ends capital increase.

    DIARY
    The European House-Ambrosetti holds 31st edition via video
conference of the  workshop "Economy and Finance Scenario" (0730
GMT); expected attendees include EU Economic Commissioner Paolo
Gentiloni, Bank of France Governor Villeroy de Galhau, German
Economy Ministry Secretary of state Claudia Doerr-Voss, ECB Vice
President Luis de Guindos, Group of Thirty (G30) Board of
Trustees President Jacob A. Frenkel.
    "Festival of the Future" continues (0800 GMT), ends on Nov.
21. Attendees expected on Friday include Philip Morris  PM.N 
Italian unit Chairman and CEO Marco Hannappel, Cattolica
Assicurazioni  CASS.MI  CEO Carlo Ferraresi, Maire Tecnimont
 MTCM.MI  Chairman Fabrizio Di Amato, state lender Cassa
Depositi e Prestiti (CDP) chief Economist Andrea Montanino.
    22nd Insurance Summit, digital edition, "The key role of
insurance in the social and economic recovery of the country",
expected attendees include insurers' association ANIA President
Maria Bianca Farina, Bank of Italy Director General and Italian
insurance supervisor IVASS President Daniele Franco,
Assicurazioni Generali  GASI.MI  Italian unit CEO Marco Sesana,
Allianz  ALVG.DE  Italian unit CEO Giacomo Campora, UnipolSai
 US.MI  Director General Matteo Laterza, Cattolica Assicurazioni
 CASS.MI  CEO Carlo Ferraresi, Net Insurance  NETI.MI  CEO
Andrea Battista (0900 GMT).
    European digital forum ends (0800 GMT), expected attendees
include Vetrya  VTY.MI  Chairman and CEO Luca Tomassini,
Industry Ministry Undersecretary Mirella Liuzzi; Communication
Authority AGCOM President Giacomo Lasorella delivers closing
address.
    Rome, Cabinet meeting (0930 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/