* ALT / Italy - Factors to watch on April 8

IIG SpA in Liquidazione

08/04/2019 05:00

MILAN, April 8 (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
    Italy plans to gradually cut taxes, reduce individual income
tax bands from five to two and to set a company tax rate at 20
percent, according to a draft National Reform Programme seen by
Reuters.  urn:newsml:reuters.com:*:nR1N1XV029
    
    ECONOMICS    
    Italy will probably raise its 2020 budget deficit goal to
around 2.1 percent of gross domestic product when it publishes
new targets this week, three government sources told Reuters,
and the figure could be hiked again after the summer.
    Next year's GDP growth will be trimmed to just below 1
percent from the current forecast of 1.1 percent, two of the
sources said.  urn:newsml:reuters.com:*:nL8N21P0GS
    
    OECD releases January composite leading indicator (1000
GMT).
    
    DEBT
    Italy's Treasury said on Friday it would offer 6 billion
euros in 12-month bills maturing April 14, 2020 at auction on
April 10.  urn:newsml:reuters.com:*:nS8N218026
    Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on April 11.
    
    COMPANIES
    FCA  FCHA.MI 
    Fiat Chrysler Automobiles NV (FCA)  FCHA.MI  has agreed to
pay electric carmaker Tesla Inc TSLA.O hundreds of millions of
euros so that the vehicles of Tesla are counted in its fleet to
avoid fines for violating new European Union emission rules, the
Financial Times reported on Sunday.  urn:newsml:reuters.com:*:nL1N21P02D
    The European Union needs to sign as soon as possible a deal
with the United States to lower tariffs on the struggling
automotive sector, Italian Deputy Prime Minister Luigi Di Maio
said on Friday.  urn:newsml:reuters.com:*:nS8N21801Z
    The rating agency DBRS upgraded FCA credit rating to BBB
(low) from BB (high), with stable trends on solid earnings, cash
flow generation and sizable debt reduction.  urn:newsml:reuters.com:*:nS8N21802B
    
    ENI  ENI.MI 
    With the advance of eastern Libyan troops commanded by
Khalifa Haftar, Italian oil major Eni said in a statement
received late on Friday "the situation in the fields is under
control and we are monitoring developments very carefully. Eni
does not have any personnel present in Tripoli."
    
    MONTE DEI PASCHI  BMPS.MI 
    Italy's government, which owns 68 percent of Italian lender,
will assess whether to back a possible shareholder request to
seek damages from the Tuscan bank's former top executives,
Deputy Prime Minister Luigi Di Maio said.  urn:newsml:reuters.com:*:nL8N21N5EV
    
    BANCO BPM  BAMI.MI 
    Italy's third biggest lender could be interested in tie-ups
with banks close to its home turf in the north of the country,
its CEO said on Saturday in comments that appeared to play down
a possible deal with Monte dei Paschi di Siena  BMSI.MI .
 urn:newsml:reuters.com:*:nS8N15O00T
    
    SALINI IMPREGILO  SALI.MI 
    The Italian construction company is talking to state lender
Cassa Depositi e Prestiti (CDP) over a plan to create a national
industry champion, the company's chief executive told Reuters on
Friday.  urn:newsml:reuters.com:*:nS8N218028
    
    FINCANTIERI  FCT.MI 
    The new board appointed by shareholders at Friday's meeting
confirmed Giuseppe Bono as chief executive.  urn:newsml:reuters.com:*:nBIA38zlzC
    
    BANCA GENERALI  BGN.MI 
    The Italian asset manager posted net inflows worth were 536
million euros in March.  urn:newsml:reuters.com:*:nBIA7FVRNz
    
    ALITALIA  CAITLA.UL 
    Italy's Deputy Prime Minister Luigi Di Maio said on Friday
there were investors ready to get involved in a rescue plan for
troubled Italian flagship carrier.  urn:newsml:reuters.com:*:nS8N21802C
    
    BOMI ITALIA  BOMI.MI 
    Med Platform I Holding Srl starts voluntary takeover bid on
Bomi Italia ordinary shares and convertible bonds; ends on May
10.
    
    GRUPPO GREEN POWER  GGPW.MI 
    Trades ex-dividend of 0.00838 euro per share.
    
    ITALIA INDEPENDENT GROUP  IINT.MI 
    Annual and extraordinary shareholders' meetings (0730 GMT).
    
    DIARY
    Milan, international conference on "Towards a Common Sense
Europe!" with Italian Deputy Prime Minister and Interior
Minister Matteo Salvini and leader of League party - ENF, Joerg
Meuthen of Alternative für Deutschland - EFDD, Olli Kotro of The
Finns Party - ECR, Anders Vistisen of Dansk Folkeparti - ECR
(0830 GMT).
    Milan, Deputy Prime Minister and Interior Minister Matteo
Salvini opens European elections campaign.
    Verona, Deputy Prime Minister and Industry Minister Luigi Di
Maio visits "Vinitaly" and meets Italian producers (0830 GMT).
    Pavia, Cabinet Undersecreatry Giancarlo Giorgetti attends
dinner with entrepreneurs (1800 GMT).
    Milan, round-table discussion on "Innovation,
Internationalisation and Capital Markets" with UBI Banca
 UBI.MI  Management Board Chairwoman Letizia Moratti (1530 GMT).
    Milan, survey presentation on "100 Italian e-Mobility
Stories" with Enel  ENEI.MI  CEO Francesco Starace (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/ 

 (Reporting By Viviana Venturi)
 ((mailto:viviana.venturi@thomsonreuters.com;))