Italy - Factors to watch on May 10
10/05/2018 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 .
POLITICS
Italy's anti-system 5-Star Movement and the far-right League
moved on Wednesday to end nine weeks of political deadlock
following inconclusive elections and form a government - a
prospect that has alarmed investors. urn:newsml:reuters.com:*:nL8N1SG5J8
Annual event on "The State of the Union" starts (0700 GMT);
ends on May 11. Expected attendees include Italian President
Sergio Matterella, Irish President Michael D. Higgins,
Portuguese President Marcelo Rebelo de Sousa in Florence.
ECONOMY
Rome, Economy Minister Pier Carlo Padoan attends conference
organised by tax police on "Anti-Money Laundering Measures"
(0730 GMT).
ISTAT releases March industrial output data (0800 GMT).
Rome, Senate discuss the economic and finance document (DEF)
(morning).
Bank of Italy releases March data on bank lending and
domestic government bond holdings at Italy-based banks.
DEBT
Treasury sells 6.5 billion euros in 12-month BOT bills.
Subscriptions close at 0900 GMT.
The gap between Italian and German borrowing costs reached
its widest level in nearly six weeks on Wednesday on the
possibility that a coalition of Italian anti-establishment
parties would come into power. urn:newsml:reuters.com:*:nL8N1SG3OK
COMPANIES
UNICREDIT CRDI.MI
Releases Q1 results, followed by conference call (0800 GMT).
BANCO BPM BAMI.MI
The debt recovery business of Banco BPM has attracted
interest from potential buyers following a landmark deal by
rival Intesa Sanpaolo ISP.MI , the head of Italy's
third-largest bank said. urn:newsml:reuters.com:*:nL8N1SG8JP
YNAP YNAP.MI
Online luxury retailer Yoox Net-a-Porter (YNAP) YNAP.MI is
on track to be de-listed following the end of a takeover offer
launched by Cartier owner Richemont CFR.S , data from the
Italian bourse showed on Wednesday. urn:newsml:reuters.com:*:nI6N1S3009
TOD'S TOD.MI
Italian luxury group Tod's like-for-like sales should
'visibly improve' in the second quarter and turn positive from
the second half, CFO Emilio Macellari said on Wednesday.
First-quarter like-for-like sales fell 4.4 percent
year-on-year. urn:newsml:reuters.com:*:nL8N1SG8Q1
ENEL ENEI.MI
The utility said its first-quarter ordinary net profit rose
10 percent, while revenues fell 2.2 percent
year-on-year. urn:newsml:reuters.com:*:nI6N1S3008
UNIPOL UNPI.MI , UNIPOLSAI US.MI
Fitch has upgraded Unipol Gruppo's and UnipolSai
Assicurazioni's long-term issuer default rating (IDR) to 'BBB'
from 'BBB-'. At the same time, Fitch has affirmed UnipolSai's
insurer financial strength rating at 'BBB'. The outlooks are
stable. urn:newsml:reuters.com:*:nFit4tpJ9J
AEROPORTO DI BOLOGNA ADB.MI
The company recorded a 1.7 percent rise in passenger numbers
in April, it said on Wednesday. urn:newsml:reuters.com:*:nFWN1SG1K9
SAFILO SFLG.MI
The company reported first-quarter adjusted EBITDA of 13.1
million euros. urn:newsml:reuters.com:*:nFWN1SG1K4
SALINI IMPREGILO SALI.MI
The builder said new orders year-to-date acquired and to be
finalised stood at around 1 billion euros. It also confirmed its
2018 targets. urn:newsml:reuters.com:*:nFWN1SG1HZ
BOMI ITALIA BOMI.MI
'Investor Day' (1000 GMT).
BUZZI UNICEM BZU.MI
Annual general meeting (0830 GMT) and board meeting on Q1
results.
ITALIAONLINE IOL.MI
Conference call on Q1 results (0800 GMT).
POSTE ITALIANE PST.MI
Releases Q1 results (before bourse opening), followed by
conference call (1100 GMT).
TISCALI TIS.MI
Board meeting on FY results.
ANSALDO STS STS.MI
Annual general meeting (0900 GMT).
ENI ENI.MI
Annual general meeting (0800 GMT) followed by news
conference with Chairwoman Emma Marcegaglia and CEO Claudio
Descalzi.
DIGITAL BROS DIB.MI
Board meeting on Q3 results.
MEDIOBANCA MDBI.MI
Board meeting on Q3 results (press release on May 11).
IMMSI IMSI.MI
Annual general meeting (0900 GMT) and board meeting on Q1
results.
M&C MACA.MI
Annual general meeting (0900 GMT).
Board meetings on Q1 results: AEFFE AEF.MI followed by
conference call, ALERION CLEAN POWER ARN.MI , AVIO AVI.MI ,
AZIMUT HOLDING AZMT.MI , BANCA IFIS IF.MI followed by
conference call (1330 GMT), BANCA MEDIOLANUM BMED.MI (0800
GMT) followed by conference call (1430 GMT), BANCA MONTE DEI
PASCHI DI SIENA BMPS.MI (press release on May 11), BANCA
PROFILO PRO.MI , BANCO DI DESIO DESI.MI , BE BET.MI , BIODUE
BIO2.MI (revenues 0630 GMT), BRUNELLO CUCINELLI BCU.MI
followed by conference call (1600 GMT), CATTOLICA ASSICURAZIONI
CASS.MI (press release on May 11), CEMENTIR CEMI.MI followed
by conference call, CENTRALE DEL LATTE D'ITALIA CLII.MI ,
CREDITO EMILIANO EMBI.MI , DEA CAPITAL DEA.MI , DE'LONGHI
DLG.MI followed by conference call, DOBANK DOB.MI followed
by conference call, FALCK RENEWABLES AA4.MI , HERA HRA.MI
followed by conference call (1130 GMT), INTERPUMP GROUP
ITPG.MI , INWIT INWT.MI , IREN IREE.MI , ISAGRO IGS.MI
(1330 GMT), MASSIMO ZANETTI MZB.MI followed by conference
call, M&C MACA.MI , NICE NICE.MI followed by conference call,
PRYSMIAN PRY.MI followed by conference call (1600 GMT),
TOSCANA AEROPORTI TYA.MI , TXT E-SOLUTIONS TXTS.MI , UBI BANCA
UBI.MI (press release on May 11), UNIPOL UNPI.MI and
UNIPOLSAI US.MI (press release on May 11).
((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/