Italy - Factors to watch on March 7

Italmobiliare SpA

07/03/2018 05:00

The following factors could affect Italian markets on Wednesday.
    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
    Italian centre-right leader Silvio Berlusconi said on
Tuesday his centre-right coalition must receive a mandate to
govern after winning the most seats at a national election, and
that he would be its coordinator.  urn:newsml:reuters.com:*:nR1N1NM02G
    The leader of Italy's far-right League said on Tuesday he
was the only possible candidate for prime minister for the
centre-right after his party emerged as the strongest in the
conservative bloc at Sunday's election.  urn:newsml:reuters.com:*:nL5N1QO5TP
    The failure of Italy's neighbours to help out more with a
huge influx of migrants boosted the anti-immigrant vote and
contributed to the resounding defeat of its ruling party in last
weekend's election, European officials acknowledge.  urn:newsml:reuters.com:*:nL5N1QO386
    
    ECONOMY
    Bank of Italy releases February data on Target 2 liabilities
and European Central Bank funding to Italian banks.
    NN Investment Partners presents "Outlook 2018 - Emerging
Market Debt" in Milan (0900 GMT).
    
    DEBT
    Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on March 12.
    
    COMPANIES
    TELECOM ITALIA (TIM)  TLIT.MI 
    Activist investor Elliott Advisors has built a stake in TIM,
it said on Tuesday, in a move that could challenge the way top
investor Vivendi  VIV.PA  runs Italy's biggest phone group.
 urn:newsml:reuters.com:*:nL5N1QO4OF
    Asked about the position built by Elliott in TIM, the
group's chairman and Vivendi CEO Arnaud de Puyfontaine said all
shareholders were welcome.  urn:newsml:reuters.com:*:nI6N1QG01A
    Conference call on FY results and 2018-2020 industrial plan
(1300 GMT).
    
    YOOX NET-A-PORTER  YNAP.MI 
    The luxury online retailer is in line with its five-year
plan and core profit margins will rise 30-70 basis points in
2018, as revenue is lifted by sales through mobiles and in the
Middle East, the group's chief executive said on Tuesday.
    
    BANCA CARIGE  CRGI.MI 
    The lender on Tuesday its board could not grant new investor
Raffaele Mincione the seat he had requested, but pledged to work
in the interest of all stakeholders. It also said it estimated
that the new IFRS9 accounting rule - which forces banks to book
expected, and no longer actual, losses - would lead to around
360 million euros in writedowns, shaving 2.1 percentage points
off its best-quality capital.  urn:newsml:reuters.com:*:nI6N1QG016
     
     I6N1QG016 
    BRUNELLO CUCINELLI  BCU.MI 
    Board meeting on FY results (preliminary results were
released on Jan. 8), followed by conference call (1700 GMT).
    
    ITALMOBILIARE  ITMI.MI 
    The group said proposed a 0.55 euros per share divided on
2017 results. Net profit last year doubled to 114.9 million
euros.  urn:newsml:reuters.com:*:nFWN1QO0OK
      
    INWIT  INWT.MI 
    Conference call on FY results (1600 GMT).
    
    ERG  ERG.MI 
    Board meeting on FY results.
    
    IREN  IREE.MI 
    Board meeting on FY results.
        
    DIASORIN  DIAS.MI 
    Board meeting on FY results, followed by conference call
(1400 GMT).
    
    PRISMI  PRSM.MI 
    Presents new Prismi Group and industrial plan to analysts
(1000 GMT).
    
    SPRINTITALY  SPRT.MI 
    Board meeting on H1 results.
    
    BANCO DI SARDEGNA  SARIn.MI 
    Board meeting on FY results.
    
    ((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/