Italy - Factors to watch on June 13

Italmobiliare SpA

13/06/2017 07:49

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 (*). 
     
    For a complete list of diary events in Italy please click on 
 IT/DIA . 
     
    POLITICS 
    Italy's anti-establishment 5-Star Movement suffered a 
resounding defeat in local elections, results released on Monday 
showed, losing ground to traditional parties less than a year 
before a national vote is due.  urn:newsml:reuters.com:*:nL8N1J94AQ 
 
    ECONOMY 
    Italy's economy will grow by 1.3 percent this year, the 
International Monetary Fund said on Monday, raising a previous 
projection of 0.8 percent thanks to a broader euro zone recovery 
and supportive fiscal and monetary policy.  urn:newsml:reuters.com:*:nR1N1FE00D 
    Rome, Senate expected to vote mini-budget. 
    Bank of Italy releases April data on bank lending and 
domestic government bond holdings at Italy-based banks. 
    Rome, Economy Minister Pier Carlo Padoan attends assembly of 
joint stock companies association Assonime (0900 GMT). 
     
    DEBT 
    Treasury sells 2.0-2.5 billion euros 0.35 percent BTP bonds 
due June 15, 2020 and 2.5-3.0 billion euros 1.85 percent BTP 
bonds due May 15, 2024. Subscriptions close at 0900 GMT. 
     
    COMPANIES 
(*) ITALIAN BANKS, BANCA POPOLARE DI VICENZA  BPVS.UL  
    It will likely take one week for the European authorities to 
decide whether they can give assurance to healthy Italian banks 
that a potential capital injection in Banca Popolare di Vicenza 
and Veneto Banca will be sufficient to unlock state aid, Il Sole 
24 Ore said.   
    The European Commission is willing to reduce the amount of 
the private funds to be injected in the two Veneto banks before 
giving its green light to state aid for the lenders, Il 
Messaggero said, without mentioning the new request. 
    According to La Stampa the government is trying to get 
Brussels to reduce the size of the private fund injection the EU 
authorities had requested to 700-800 million euros from 1.2 
billion euros.   
    Banca Popolare di Vicenza holds a board meeting. 
     
(*) BANCA CARIGE  CRGI.MI  
    The European Central Bank told the bank last Friday it had 
to present a plan to deal with its bad loans by June 23, Il Sole 
24 Ore and MF said. Il Sole 24 Ore added advisers are suggesting 
Banca Carige to sell its soured loans completely. 
    Gabriele Delmonte, responsible for the bank's credits, is in 
pole position to be nominated director general, taking on on an 
interim basis the powers previously held by the CEO, La Stampa 
said. 
     
(*) MONTE DEI PASCHI DI SIENA  BMPS.MI  
    An agreement between the bank and investors over the sale of 
the lender's bad loans could be sealed at the end of June, Il 
Sole 24 Ore said, adding the parties are still discussing about 
the value of a portion of bad loans.         
     
(*) ITALMOBILIARE  ITMI.MI , OVS  OVS.MI   
    Holding company Italmobiliare is looking at a possible 
investment in high street retailer OVS, Il Messaggero said. A 
spokesman declined to comment on the report, adding 
Italmobiliare has many dossier on the table.   
     
(*) ENI  ENI.MI      
    Italian authorities will likely give their green light to 
Eni to restart production at Val d'Agri field in the coming 
week, Il Sole 24 Ore said.  
     
    BANCA CARIGE  CRGI.MI  
    The regional lender said on Monday that three board members 
resigned due to their due to disagreement over the no-confidence 
vote against Chief Executive Guido Bastianini.  urn:newsml:reuters.com:*:nI6N1IS01O 
     
    AVIO  AVI.MI  
    Prime Minister Paolo Gentiloni visits plant in Colleferro 
(0815 GMT). 
     
    DIGITAL360  DIGT.MI  
    Debuts on AIM segment; listing ceremony with CEO Andrea 
Rangone (0630 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/JUNE 13