Italy - Factors to watch on Feb. 13
13/02/2017 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 .
ECONOMY
The European Commission has asked Italy to approve by Feb.
22 part of a plan to cut its 2017 budget deficit by 3.4 billion
euros to avoid the risk of an infraction procedure, La
Repubblica reported on Saturday.
POLITICS
Former prime minister Matteo Renzi looks set to trigger a
leadership contest at a meeting of his ruling Democratic Party
(PD) on Monday which could delay the early election he has been
pushing for since he was toppled as premier last year.
urn:newsml:reuters.com:*:nL8N1FX0E9
DEBT
Treasury sells 2.25-2.75 billion euros 0.05 percent BTP
bonds due Oct. 15, 2019; 0.5-1.0 billion euros 0.7 percent BTP
bonds due May 1, 2020; 2-2.5 billion euros 0.65 percent BTP
bonds due Oct. 15, 2023; 1.5-2.25 billion euros 2,7 percent BTP
bonds due March 1, 2047; 1,5-2,25 billion euros 5.0 percent BTP
bonds due Aug. 1, 2039. Subscriptions close at 1000 GMT.
COMPANIES
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Monte dei Paschi might choose to shift its 27.7 billion
euros-worth of bad loans buy selling multiple tranches directly
to buyers, Il Sole 24 Ore said on Saturday, without citing
sources. The paper said such sales would follow the same model
already used by fellow bank UniCredit.
Otherwise, MPS might choose to sell the debt using a
government guarantee scheme, the paper said, adding a decision
should be made "within days".
MEDIASET MS.MI
The Berlusconi family, which controls Mediaset, considers
the broadcaster "absolutely not for sale", former premier Silvio
Berlusconi told La Repubblica in an interview published on
Sunday.
"The Berlusconi family's destiny and that of Mediaset are
indissolubly linked," Berlusconi said.
Asked whether a deal with French media group Vivendi was
possible, Berlusconi said, "We have never wanted to make war
with anyone. But everyone needs to keep their side of the
bargain, and stick to the rules and the law. On this basis, but
only on this basis, deals are always welcome."
FIAT CHRYSLER FCHA.MI
Fiat Chrysler Chief Executive Sergio Marchionne said a
second Maserati model will go into production at its Mirafiori
and Grugliasco plants in Turin between late 2018 and early 2019,
several papers reported on Sunday.
ENI ENI.MI
The oil major lifted the force majeure on Nigeria's Brass
River crude oil exports that was in place since late May, a
spokesman said on Friday. urn:newsml:reuters.com:*:nL5N1FV4EX
GENERALI GASI.MI , INTESA SANPAOLO ISP.MI
Generali is planning to raise its cost-cutting target to try
to defend itself against a potential bid from Intesa Sanpaolo,
the Financial Times reported on Sunday, citing people familiar
with the insurer's thinking.
One person who has advised on the issue said the final
target was likely to be 6 or 7 percent, the paper said.
VENETO BANCA IPO-VENE.MI , BANCA POPOLARE DI VICENZA
IPO-BPVS.MI
Veneto Banca and Banca Popolare di Vicenza have started
informal talks to see if anyone is interested in buying their
combined 40 percent stake in asset manager Arca, Il Sole 24 Ore
said in an unsourced report on Sunday.
BANCO BPM BAMI.MI
The newly merged bank posted on Friday a 1.6 billion euro
loss for 2016, bogged down by 2.96 billion euros in loan
writedowns. urn:newsml:reuters.com:*:nI6N1FN01V
BANCA CARIGE CRGI.MI
The lender said on Friday it lost 297 million euros last
year, hit by loan losses. urn:newsml:reuters.com:*:nI6N1FN01W
If the bank needs recapitalising, it may issue convertible
bonds or sell new rights to existing shareholders rather than
taking state funds, Il Sole 24 Ore reported on Sunday, citing
anonymous financial sources. Insurer Generali might be willing
to convert some of its holding of Carige's subordinated debt,
the paper said.
BIM BIM.MI
Veneto Banca said on Friday its board is considering the
possibility of taking BIM unit out of the group's perimeter.
urn:newsml:reuters.com:*:nI6N1FN01X
CEMENTIR CEMI.MI
Board meeting on preliminary FY results, followed by
conference call(1630 GMT).
DIGITAL MAGICS DMG.MI
Starts capital increase; ends on March 3.
EDISON EDNn.MI
Board meeting on FY results.
IMVEST YIV.MI
Starts capital increase; ends on March 2.
PRADA 1913.HK
Board meeting on 2016 preliminary sales.
((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/FEB. 13