Italy - Factors to watch on Jan. 30

IIG SpA in Liquidazione

30/01/2020 05:00

The following factors could affect Italian markets on Thursday.
    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
    Restructuring small banks which, despite their size, often
play a fundamental role in their local areas is vital for the
Italian economy, a senior central bank official said on
Wednesday.  urn:newsml:reuters.com:*:nS8N28E0BL
    ISTAT releases December unemployment data (0900 GMT).    
    Assogestioni releases December fund flows data.
    
    DEBT
    Treasury sells 2.25-2.75 billion euros 0.35% BTP bonds due
Feb. 1, 2025; 2.75-3.25 billion euros 1,35% BTP bonds due April
1, 2030; 2.25-2.75 billion euros new CCTeu bonds due Dec. 15,
2023. Subscriptions close at 1000 GMT.
    
    COMPANIES
    ATLANTIA  ATL.MI 
    The Italian infrastructure group must do more than offered
so far to keep its valuable motorway licence after the 2018
Genoa bridge disaster and faces heavy compensation payouts, a
government source said on Wednesday.  urn:newsml:reuters.com:*:nL8N29Y5J8
    
    BANCO BPM  BAMI.MI 
    Chief Executive Giuseppe Castagna said on Wednesday that the
Italian bank had already "played its part" in M&A and that its
new business plan would be a stand-alone one.  urn:newsml:reuters.com:*:nS8N28U09G
    Castagna added that his bank would rather buy an insurance
or an asset manager "if it had the money", as putting two
lenders together was difficult in the current environment.
 urn:newsml:reuters.com:*:nS8N28E0BQ
    
    BANKS
    Stripping government bonds of their risk-free status when
they exceed certain thresholds on banks' balance sheets should
not be "a taboo" because the Greek crisis has shown government
debt carries risks, Alberto Nagel, the chief executive of
investment bank Mediobanca  MDBI.MI , said on Wednesday.
 urn:newsml:reuters.com:*:nS8N28E0BO
    Second-tier banks in Italy, Spain and possibly Germany are
likely to consider mergers this year in a bid to boost returns
which are insufficient to cover their cost of equity, Nagel
said.  urn:newsml:reuters.com:*:nS8N28E0BN
    
    ENI  ENI.MI 
    A witness in a graft case involving oil contracts in Nigeria
refused to confirm a key statement during a court hearing on
Wednesday, offering a possible boost to Italian oil major Eni,
which is fighting allegations of bribery.  urn:newsml:reuters.com:*:nL8N29Y59N
    
    LEONARDO  LDOF.MI 
    Japan's Suzuyo bought a full flight simulator for the AW139
helicopter, to be built by the Italian defense group and
Canada's Cae  CAE.TO , Leonardo said on Wednesday.  urn:newsml:reuters.com:*:nL8N29Y6D2
    Leonardo obtained a loan of up to 100 million euros from
state lender CDP to fund investment in research, development and
innovation, it said on Wednesday.  urn:newsml:reuters.com:*:nFWN29Y134
    
    SAFILO  SFLG.MI 
    The eyewear maker said on Wednesday its net sales fell by a
preliminary 4.3% year on year at constant exchange rates in the
fourth-quarter. Safilo confirmed its target for a 2019 adjusted
EBITDA margin of continuing operations at 5.5%.  urn:newsml:reuters.com:*:nFWN29Y12Z
    
    ITALIA INDIPENDENT  IINT.MI 
    Milan stock exchange said it banned orders without a price
limit on the ordinary shares of luxury eyewear group, starting
from Thursday trading session until further notice.  urn:newsml:reuters.com:*:nL8N29Y4JC
    
    TOD'S  TOD.MI 
    Board meeting on preliminary FY results (sales).
    
    
    DIARY
    Rome, "Alleanza Cooperative Italiane" holds annual meeting
with trade union general secretaries Maurizio Landini for CGIL,
Annamaria Furlan for CISL, Carmelo Barbagallo for UIL,
Infrastructure and Transport Minister Paola De Micheli, Industry
Deputy Minister Stefano Buffagni (0930 GMT).
    Rome, Eurispes holds news conference to present 32nd report
"Italy in 2020" (1000 GMT).
    Rome, Industry Minister Stefano Patuanelli speaks before
COPASIR, the Parliamentary Committee for State Security (1130
GMT).
    Rome, Foreign Affairs Minister Luigi Di Maio speaks before
Senate and Chamber of Deputies Foreign Affairs and Defence
committees on the outcomes of the Berlin conference (1200 GMT).
    Rome, Economy Minister Roberto Gualtieri speaks before the
Supervisory Parliamentary Committee on tax registry (1300 GMT).
    Rome, European Commission Deputy Chairman Valdis Dombrovskis
meets Senate Speaker Maria Elisabetta Alberti Casellati (1315
GMT); speaks before Chamber of Deputies and Senate Budget,
Finance, EU Policies committees (1330 GMT).
    Rome, Foreign Affairs Deputy Minister Marina Sereni delivers
closing address at a conference by ISPI (1600 GMT).    
    Rome, Prime Minister  Giuseppe Conte meets Justice Minister
Alfonso Bonafede, Culture Minister Dario Franceschini,
Agriculture Minister Teresa Bellanova on government's agenda
(1730 GMT).
    Milan, J.P. Morgan Asset Management holds "Fixed Income Day"
(0930 GMT). 
    Milan, European Investment Bank (EIB) Vice President Dario
Scannapieco holds news conference on "The EIB Group in Italy in
2019: results and prospects" (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/