Italy - Factors to watch on August 25
Italy - Factors to watch on August 25 The following factors could affect Italian markets on Tuesday.
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
DEBT
Italy's Treasury to announce details of the next medium and long-term auctions scheduled for August 28.
On Monday the Treasury said it would sell € 4.5 billion in BOT bills at an August 27 auction.
COMPANIES
BANCO BPM BAMI.MI, MONTE DEI PASCHI DI SIENA BMPS.MI
Banco BPM's board meets to assess the takeover bid presented last week by Monte dei Paschi di Siena.
(*) Banco's board is unlikely to make a decision on MPS's offer on Tuesday, opting for further discussions with the Tuscan lender, Corriere della Sera reported on Tuesday.
(*) GENERALI GASI.MI
The insurer is expected to hold a board meeting on Thursday to evaluate Monte dei Paschi's takeover bid for its subsidiary Banca Generali BGN.MI, Corriere della Sera daily reported on Tuesday.
(*) WEBUILD WBD.MI, TREVI TFI.MI
The construction group said on Tuesday that Italy's market watchdog Consob had suspended the review period for the offer document related to its takeover bid for Trevi, pending additional information requested by the regulator, for up to 15 days.
INTESA SANPAOLO ISP.MI, MONTE DEI PASCHI
The ISS proxy advisor, in an update published on Monday following MPS' countermoves, confirmed its recommendation for a vote in favour of Intesa's capital increase to service its takeover bid for MPS.
STELLANTIS STLAM.MI
President Donald Trump sought to boost pressure on Canada on Monday, warning that U.S. tariffs on all cars, trucks and automotive parts from the U.S.' northern neighbour would be increased to 50% starting January 1 after trade talks collapsed over the weekend.
DIARY
Rimini, Deputy Prime Minister and Minister of Infrastructure and Transport Matteo Salvini and Ferrovie dello Stato Italiane CEO and General Manager Gianpiero Strisciuglio take part in the Rimini Meeting.
Rome, Economy Minister Giancarlo Giorgetti meets local and regional politicians from Siena and Florence to discuss the future of Monte dei Paschi di Siena.
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
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/
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