Italy - Factors to watch on July 9
09/07/2018 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 .
POLITICS
Deputy Prime Minister and Labour Minister Luigi Di Maio
meets trade unions at Arcelor on Ilva in Rome.
Meeting with EU Parliament President Antonio Tajani at
Foreign Press Association in Rome (1645 GMT).
Interior Minister Matteo Salvini meets President Sergio
Mattarella amid tensions between Salvini's far-right League
party and magistrates, and as the minister leads a crack down on
immigration. (1000 GMT)
Italian Foreign Minister Enzo Moavero Milanesi meets the
special envoy to Libya from the United Nations, Ghassan Salame.
(1300 GMT)
COOPERATIVE BANK REFORM
Italy's new government should not block a reform seeking to
merge hundreds of tiny Italian cooperative banks into two large
groups to strengthen the sector, the president of the
association of cooperative banks in the region of Veneto, Ilario
Novella, said on Sunday in an interview with Il Mattino di
Padova newspaper.
A prominent senator in the ruling League party has sought an
18-month freezing of the changes that would bring the two
banking groups under direct European Central Bank oversight.
urn:newsml:reuters.com:*:nL5N1T950P
ECONOMY
OECD releases May composite leading indicator (1000 GMT).
The Italian government has embarked on "positive"
discussions with the European Commission over 2019 budget goals
and it is "far too early" to indicate what any new deficit
target might be, a Treasury source said on Friday. urn:newsml:reuters.com:*:nL8N1U24LK
Earlier on Friday, Reuters quoted two Treasury sources as
saying the government planned to raise next year's deficit
target to around 1.4 percent of economic output against a goal
of 0.8 percent drawn up by the previous administration.
urn:newsml:reuters.com:*:nL8N1U23Y1
DEBT
Italy's Treasury said on Friday it would offer 6 billion
euros in 12-month BOT bills at auction on July 11. urn:newsml:reuters.com:*:nI6N1TT007
Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on July 12.
COMPANIES
GENERALI GASI.MI
Chief Executive Philippe Donnet said on Friday the insurer
has almost wrapped up all of its planned disposals as it
prepares for a new phase of expansion. Donnet said Generali's
operations in Portugal, which according to Portuguese media had
attracted Chinese interest in recent months, were not for sale
or part of planned sell-offs. urn:newsml:reuters.com:*:nL8N1U24K1
BANCA CARIGE CRGI.MI
The lender said on Friday board member Francesca Balzani had
resigned due to "divergences over the governance of the bank" --
the third senior figure to leave the lender in less than 10
days. urn:newsml:reuters.com:*:nI6N1TT00B
BANCO BPM BAMI.MI
Six offers are expected from investors interested in the
debt collection business of the lender and its remaining bad
loans, sources close to the deal said on Friday. urn:newsml:reuters.com:*:nL8N1U24NX
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
An Italian judge dismissed on Friday charges against former
Monte dei Paschi top executives Fabrizio Viola and Alessandro
Profumo in an alleged market rigging and accounting fraud case,
according to a court document seen by Reuters. urn:newsml:reuters.com:*:nI6N1TT006
CASSA DEPOSITI E PRESTITI CDP.UL
Italy's deputy prime minister Luigi Di Maio said on Saturday
that new management for the state holding company would likely
be named this week. He also said that he does not want to turn
CDP into a bank, though he does want it to be a lender to
Italian companies.
ENEL ENEI.MI
Italy's largest utility said it owns an 87.8 percent stake
in Brazil's Eletropaulo after buying 19.4 million shares from
minority shareholders. urn:newsml:reuters.com:*:nE6N1SA04Z
INTEK GROUP IKG.MI
Intek's subsidiary signed an agreement to take over MKM for
80 million euros plus the seller's participation in the future
value of a combined entity. urn:newsml:reuters.com:*:nFWN1U20FZ
JUVENTUS FC JUVE.MI
The Italian champions said that they are considering many
opportunities in the player market amid media speculation they
are in talks to sign Real Madrid forward Cristiano Ronaldo.
urn:newsml:reuters.com:*:nL8N1U23UZ
Former Juventus goalkeeper Gianluigi Buffon has signed for
French champions Paris Saint Germain (PSG) on a one-year deal
with the option of an extra year, the club said on Friday.
urn:newsml:reuters.com:*:nL8N1U24LD
ANIMA ANIM.MI
The group said on Firday totla net outflows in June stood at
473 million euros. urn:newsml:reuters.com:*:nFWN1U20FQ
ACOTEL ACO.MI
Starts capital increase; ends on July 27.
INNOVATEC INCI.MI
Starts capital increase; ends on July 26.
IVS GROUP IVS.MI
Trades ex-dividend of 0.28 euro per share.
((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/