Italy - Factors to watch on Sept. 4

Ki Holding SpA

04/09/2017 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 
    A referendum on Italy's membership of the euro currency 
would be held only as a "last resort" if Rome does not win any 
fiscal concessions from the European Union, a senior lawmaker 
from the anti-establishment Five-Star Movement said on Sunday. 
 urn:newsml:reuters.com:*:nL8N1LK08F 
    The next governor of the Bank of Italy will be announced in 
September, two months earlier than usual, to help reassure 
markets before Italy presents next year's budget, Il Messaggero 
reported on Saturday without citing sources. Current governor 
Ignazio Visco is likely to be given another mandate, the paper 
said. 
             
    Government speaks before Senate and Chamber of Deputies 
Foreign Affairs committees on relations with Egypt (1200 GMT). 
     
    Norcia, European Parliament President Antonio Tajani starts 
visit with European Commissioner Tibor Navracsis (1440 GMT). 
     
    ECONOMICS 
    A strong euro will have very little economic impact on 
Italy, Economy Minister Pier Carlo Padoan said on Sunday, after 
the single currency hit a 2-1/2-year high against the dollar 
last week.  urn:newsml:reuters.com:*:nL8N1LK0AO 
     
    COMPANIES 
    FIAT CHRYSLER  FCHA.MI  
    Fiat Chrysler (FCA) has not received any offer for the 
company nor is the world's seventh-largest carmaker working on 
any "big deal", Chief Executive Sergio Marchionne said on 
Saturday.  urn:newsml:reuters.com:*:nL8N1LJ0B3 
     
    New vehicle registrations were up 15.77 percent in August 
from August 2016, the transport ministry said on Friday. 
    FCA's market share in Italy was 28.79 percent in August, 
according to Reuters calculations.  urn:newsml:reuters.com:*:nI6N1KQ01B 
     
    FERRARI  RACE.MI   
    Lewis Hamilton won the Italian Grand Prix for Mercedes on 
Sunday, leaving Ferrari's Sebastian Vettel, who had led the 
standings since March, to finish third in the final race of the 
European season, 36.3 seconds behind the winner.  urn:newsml:reuters.com:*:nL4N1LK0FS 
    Marchionne, who is also chief executive of Ferrari, was 
quoted by Gazzetta dello Sport saying it was "almost 
embarrassing to see the difference between Mercedes and Ferrari 
today".  
    "This isn't Ferrari," the paper quoted him as saying. "We 
need to double our commitment, wipe the smiles off their faces." 
 
    LUXOTTICA  LUX.MI  
    The proposed merger of Italian eyewear manufacturer 
Luxottica with French lens maker Essilor  ESSI.PA  will require 
thorough vetting by European antitrust authorities, the head of 
the bloc's competition watchdog said on Saturday.  L8N1LJ0HE  
     
    MEDIASET  MS.MI  
    Mediaset filed a new complaint against Vivendi in June 
seeking damages of 3 billion euros in total in connection with 
Vivendi's acquisition of Mediaset shares at the end of 2016, 
Vivendi said in its first-half financial statement. 
      
    FINCANTIERI  FCT.MI  
    Italy and France are holding "technical talks" over a 
disputed Italian bid to take control of French shipyard STX, the 
chairman of Fincantieri Giampiero Massolo said.  urn:newsml:reuters.com:*:nI6N1KQ01E 
     
    TELECOM ITALIA  TLIT.MI  
    Telecom Italia (TIM) Deputy Chairman Giuseppe Recchi said on 
Friday he was not at all worried about relationships with 
Italy's government. Speaking on the sidelines of the Ambrosetti 
conference, Recchi said Telecom Italia was "always in touch" 
with the government. urn:newsml:reuters.com:*:nL8N1LI4GE 
    In an interview with Corriere della Sera on Sunday, Recchi 
said a sale of TIM's unit Sparkle to the government could be 
discussed, while spinning off TIM's fixed-line network would be 
difficult.   
     
    ENEL  ENEI.MI   
    Enel Open Fiber expects to finalise in April-May next year a 
3.5 billion euro financing package it is currently negotiating, 
the CEO of the fibre-optic group controlled by Enel and state 
lender CDP said on Saturday. 
     
    IPO 
    A study by Italy's state-owned railway company shows 
spinning off long-distance train services and listing them on 
the stock market would be beneficial, but the plan is on hold 
pending government approval, its chief executive said on Friday. 
 urn:newsml:reuters.com:*:nL8N1LI3YC 
     
    AEROPORTO DI BOLOGNA  ADB.MI  
    Board meeting on H1 results, followed by conference call. 
     
    BIOERA  BIE.MI  
    Extraordinary shareholders' meeting (0900 GMT). 
     
    IRCE  IRC.MI  
    Board meeting on H1 results (1200 GMT). 
     
    KI GROUP  KI.MI  
    Ordinary shareholders' meeting (1300 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/SEPT. 4