Italy - Factors to watch on Feb. 12
12/02/2018 05:00
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 .
DEBT
Treasury sells 6.5 billion euros 12-month BOT bills.
Subscriptions close at 1000 GMT.
COMPANIES
INTESA SANPAOLO ISP.MI
Italy's biggest retail bank expects a partial sale of its
debt collection unit won't take long and looks with particular
interest at Sweden's Intrum Justitia INTRUM.ST , though China's
CEFC is also interested, the bank's chairman said. urn:newsml:reuters.com:*:nL8N1Q008R
In an interview with Sunday's Il Messaggero, Gros Pietro
also said the ECB's calendar provisioning mechanism was not a
good fit for Italy, where recovery procedures take several
years.
ENI ENI.MI
Cyprus on Sunday accused the Turkish military of obstructing
a ship contracted by Italian oil company Eni ENI.MI from
approaching an area to explore for natural gas, highlighting
tensions over offshore resources in the east Mediterranean.
A spokesman for Eni said the Saipem 12000 drill ship had
been heading from a location southwest of Cyprus towards an area
southeast of the island on Friday when it was stopped by Turkish
military ships and told not to continue because of military
activities in the destination area. urn:newsml:reuters.com:*:nL8N1Q10CN
BANCO BPM BAMI.MI
CEO Giuseppe Castagna said on Saturday the bank may consider
bringing in an investor in its debt collection unit if it helped
shed more bad debts than anticipated but anyway had sufficient
capital to absorb the hit from planned disposals.
CREVAL PCVI.MI
Chairman Miro Fiordi said on Saturday a decision on the
timing of the capital increase would be taken this week adding
he was confident it could be launched as planned in the second
half of February.
MONTE DEI PASCHI DI SIENA BMPS.MI
State-owned Italian bank Monte dei Paschi di Siena BMPS.MI
posted on Friday a 3.5 billion euro ($4.3 billion) loss for
2017, hit by loan writedowns and falling revenues and as well as
one-off charges. I6N1PR00K
BANCA CARIGE CRGI.MI
The regional lender on Friday pledged to sell up to an extra
1 billion euros ($1.2 billion) in bad debts this year, joining
the ranks of Italian banks that have bowed to regulatory
pressure to clean up their balance sheets more quickly.
urn:newsml:reuters.com:*:nL8N1PZ6CE
CREVAL PCVI.MI
Rating agency DBRS said on Friday it had extended its review
on Credito Valtellinese's (Creval) ratings of 'BB'. The ratings
remain under review with negative implications ahead of the
bank's planned recapitalisation, DBRS said in a statement.
urn:newsml:reuters.com:*:nDBR29Bpga
BANCA INTERMOBILIARE BIM.MI
The lender said on Friday its net loss narrowed to 49.3
million euros in 2017 from 93.4 million euros the previous year.
urn:newsml:reuters.com:*:nFWN1PZ1FS
BANCA MEDIOLANUM BMED.MI
Board meeting on preliminary FY results (0900 GMT), followed
by conference call (1500 GMT).
DOBANK DOB.MI
Board meeting on FY results, followed by conference call
(1330 GMT).
A2A A2.MI
Chairman Giovanni Valotti among attendees at meeting with
operators of public water, energy and environmental services
(1400 GMT).
ELICA ELC.MI
Board meeting on Q4 results, followed by conference call on
preliminary FY results (1400 GMT).
GEFRAN GFRN.MI
Board meeting on preliminary FY results (0900 GMT).
IGD IGD.MI
Extraordinary shareholders' meeting (0900 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/FEB. 12