Italy - Factors to watch on Nov. 26
26/11/2018 04:00
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
Italian Deputy Prime Minister Matteo Salvini hinted on
Sunday at the possibility of tweaking the country's deficit goal
for next year, a move that could open a negotiation between Rome
and Brussels to avoid a disciplinary procedure against Italy.
urn:newsml:reuters.com:*:nL8N1Y011O
ECONOMY
Rising yields on Italian government bonds are hurting
private wealth and undermining the country's financial sector,
making it more expensive for companies to borrow, the central
bank warned on Friday. urn:newsml:reuters.com:*:nL8N1XY4D2
Rising bond yields in Italy could eventually hurt the
economy as banks could be discouraged from lending, European
Central Bank supervisor Daniele Nouy told a newspaper on
Saturday. urn:newsml:reuters.com:*:nL8N1XZ09K
DEBT
Italy's Treasury said on Friday it would sell 6.5 billion
euros in six-month bills at auction on Nov. 28. urn:newsml:reuters.com:*:nS8N1X504K
Italy's Treasury said on Friday 95 percent of retail orders
for the latest BTP Italia bonds were below 50,000 euros and 68
percent below 20,000 euros. urn:newsml:reuters.com:*:nS8N1X504L
Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Nov. 29.
COMPANIES
TELECOM ITALIA TLIT.MI
Italian state lender CDP could become the controlling
shareholder of a new company holding the broadband network of
Telecom Italia and Open Fiber, La Repubblica reported on
Saturday.
A document published last week by daily Il Messaggero with a
secret plan to set up a company that will own the broadband
network of Telecom Italia and wrap up smaller rival Open Fiber
was prepared by Telecom Italia executive Stefano Siragusa,
several Italian newspapers reported on Saturday.
FIAT CHRYSLER FCHA.MI
The car maker will unveil its new pick up 'Gladiator' on
Wednesday at the motor-show in Los Angeles, Il Messaggero
reported on Sunday. The group will produce its new SUV for Alfa
brand in Pomigliano, the newspaper added.
The electric version of Fiat 500 to be sold in Europe will
likely be produced at Mirafiori plant, while the factory in
Melfi will make Jeep Compass, Il Giornale reported on Sunday,
saying the car maker will unveil its production strategy next
Thursday.
ENI ENI.MI
The Italian oil group and Algeria's Sonatrach said on Sunday
they had inaugurated a photovoltaic plant in Algeria and sign
deals in the renewable energy sector. urn:newsml:reuters.com:*:nL8N1Y00DS
PIRELLI PIRC.MI
Pirelli has signed a new four-year deal to remain Formula
One's sole tyre supplier until the end of the 2023 season, the
sport announced in a statement on Sunday. urn:newsml:reuters.com:*:nL8N1Y00BH
MEDIOBANCA MDBI.MI , UNICREDIT CRDI.MI
UniCredit is in favour of a new shareholders' pact for
Mediobanca that would not include tight rules on voting rights
and shares, Il Messaggero reported on Sunday. The so-called
'light pact' could last two years starting from Jan. 1, 2019,
the newspaper said.
FINCANTIERI FCT.MI , SALINI IMPREGILO SALI.MI
The shipbuilder, the general contractor and Italian railways
unit Italferr have presented a joint project to rebuild the
bridge collapsed in Genoa in August, Fincantieri CEO Giuseppe
Bono told Class CNBC in an interview published by MF.
Fincantieri will pay dividends in the next few years and
will have rising margins, Bono told CNBC.
FERROVIE NORD MILANO FNMI.MI , ATLANTIA ATL.MI
Lombardy local government and infrastructure fund F2i are
studying the setting up of a new company that will own the
majority of regional railway company Ferrovie Nord Milano, and
two motorway operators, Il Messaggero reported on Saturday. F2i
has dropped an alternative plan to take a stake in Atlantia's
motorway unit Autostrate per l'Italia, the paper added.
BANCA CARIGE CRGI.MI
The bank will hold a board meeting to approve its plan on
capital, Il Corriere della Sera said on Sunday.
BREMBO BRBI.MI
The group is looking for acquisitions to grow in new
segments of the automotive sector, Brembo Deputy Chairman Matteo
Tiraboschi told Il Giornale on Sunday.
SNAM SRG.MI
Snam Partners' Day 2018
ITALIAONLINE IOL.MI
The Italian company said on Friday it had named Roberto
Giacchi as its new chief executive effective by Dec. 13.
urn:newsml:reuters.com:*:nFWN1XY0C1
IVS IVS.MI
The Italian vending machines operator said on Friday it
agreed to buy 100 percent of rival office coffee machine maker
SDA 2000. urn:newsml:reuters.com:*:nFWN1XY0BZ
ASTM ATMI.MI
Trades ex-dividend of 0.23 euro per share as interim 2018
dividend.
BF BFG.MI
Starts capital increase; ends on Dec. 13.
((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/