Italy - Factors to watch on May 15
15/05/2019 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
Deputy Prime Minister Luigi Di Maio on Tuesday criticised a
suggestion by his coalition partner Matteo Salvini that Italy
could break European Union fiscal rules and increase its public
debt in order to spur job creation. urn:newsml:reuters.com:*:nL5N22Q74V
ECONOMY
ISTAT releases March industry orders and sales data (0800
GMT).
Bank of Italy releases March data on public finances, state
borrowing and debt.
DEBT
Italy's 10-year bond yield hit a two-month high of 2.755%
after Salvini's comments, while the closely watched spread
between Italian and German yields hit its widest level in three
months at 282.6 basis points. urn:newsml:reuters.com:*:nL5N22Q3KV
COMPANIES
UNICREDIT CRDI.MI
The Italian lender has stepped up preparations for a
potential bid for Germany's Commerzbank CBKG.DE by drafting in
investment bankers including a former top German official, three
people familiar with the matter said. urn:newsml:reuters.com:*:nL5N22Q5RR
In a statement responding to the Reuters story, UniCredit
said it wanted to clarify that no banking mandate had been
signed in relation to any potential market operation.
MEDIASET MS.MI
Italy's largest commercial broadcaster reported a 4% fall in
first-quarter domestic advertising revenues to 483.6 million
euros, after the company gave up its Italian and international
soccer rights. urn:newsml:reuters.com:*:nL5N22O0P4
Chief Financial Officer Marco Giordani told analysts that
the company could take up new financing for up to 1 billion
euros to use in potential acquisitions. urn:newsml:reuters.com:*:nS8N20Z02V
French shareholder Vivendi VIV.PA is set to be excluded
from a loyalty share scheme which was recently imtroduced by the
company to reward long-term investors, according to a document
detailing the scheme.
SALVATORE FERRAGAMO SFER.MI
The Italian luxury shoemaker posted the first signs of
recovery in the first quarter of 2019 with closely watched
like-for-like sales rising 2.2% after declining for ten quarters
in a row. urn:newsml:reuters.com:*:nL5N22Q6ME
PIRELLI PIRC.MI
The Italian tyremaker cut its guidance for full-year sales
on Tuesday due to a prolonged weakness in the original equipment
segment, though adjusted operating profit matched forecasts in
the first quarter. urn:newsml:reuters.com:*:nL5N22Q4ZH
AUTO SECTOR, FIAT CHRYSLER FCHA.MI
Italy will introduce tax breaks on value added tax for the
auto sector in the next budget law, Deputy Prime Minister Matteo
Salvini said on Tuesday. urn:newsml:reuters.com:*:nS8N225085
AXELERO AXEL.MI
Board meeting on FY results.
ERG ERG.MI
Releases Q1 results (before Bourse opening), followed by
conference call on Q1 results (0900 GMT).
SNAM SRG.MI
Releases Q1 results (0600 GMT), followed by conference call
(1200 GMT).
A2A A2.MI
Board meeting on Q1 results, followed by conference call
(1400 GMT).
ASSICURAZIONI GENERALI GASI.MI
Board meeting on Q1 results (press release on May 16).
HERA HRA.MI
Board meeting on Q1 results.
ACEA ACE.MI
Board meeting on Q1 results.
Annual general meetings: PIRELLI & C. PIRC.MI (0830 GMT),
SIAS-SOCIETA INIZIATIVE AUTOSTRADALI E SERVIZI SIS.MI (0900
GMT), EL.EN. ELEN.MI (0800 GMT).
Board meetings on Q1 results: ACOTEL ACO.MI , AEROPORTO DI
BOLOGNA ADB.MI , ARNOLDO MONDADORI EDITORE MOED.MI followed
by conference call, B&C SPEAKERS 37B.MI (0900 GMT), CLASS
EDITORI CLED.MI , COMPAGNIA IMMOBILIARE AZIONARIA CIAZ.MI ,
EL.EN. ELEN.MI , EMAK EM.MI , ENAV ENAV.MI , FIDIA FDA.MI
(0800 GMT), FILA FILA.MI , GAMENET GROUP GAME.MI , GAROFALO
HEALTH CARE GHC.MI , GUALA CLOSURES GCL.MI followed by
conference call, ICF GROUP ICFG.MI , IL SOLE 24 ORE S24.MI ,
IMA IMAI.MI , INWIT INWT.MI followed by conference call,
ISAGRO IGS.MI (1400 GMT), ITWAY ITWY.MI , IVS GROUP IVS.MI ,
KI GROUP KI.MI , MASI AGRICOLA MASIA.MI , MONRIF EDII.MI ,
PANARIAGROUP PAGR.MI , POLIGRAFICI EDITORIALE POLI.MI , SALINI
IMPREGILO SALI.MI (new orders), SERI INDUSTRIAL SERK.MI ,
TINEXTA TNXT.MI .
DIARY
Rome, Rete Imprese Italia holds annual meeting with Prime
Minister Giuseppe Conte, Deputy Prime Minister and Interior
Minister Matteo Salvini (0830 GMT).
Rome, "Public Administration Forum 2019" continues, ends on
May 16. Expected attendees include Economy Minister Giovanni
Tria.
Rome, Cabinet Undersecretary Giancarlo Giorgetti speaks
before Chamber of Deputies Culture Committee (1200 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/