Italy - Factors to watch on Oct. 30

Neodecortech SpA

30/10/2019 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 .
    
    ECONOMY
    ISTAT releases October consumer and business confidence data
(0900 GMT) and Q3 wage inflation data (1000 GMT).
    
    DEBT
    Treasury sells 2.0-2.5 billion euros 0.35% BTP bonds due
Feb. 1, 2025; 2.5-3.0 billion euros 1.35% BTP bonds due April 1,
2030; 500-750 million euros CCTeu bonds due April 14, 2025.
Subscriptions close at 1000 GMT.
    
    COMPANIES
    FIAT CHRYSLER  FCHA.MI 
    The Italian-American car maker and Peugeot owner PSA
 PEUP.PA  are in talks to combine in a deal that could create a
$50 billion automaker, a source familiar with the matter said on
Tuesday after the Wall Street Journal first reported the
discussions. Fiat Chrysler and Peugeot had no
comment. urn:newsml:reuters.com:*:nL3N27E4D0
    
    PIRELLI  PIRC.MI 
    The Italian tyre-maker on Tuesday cut its operating profit
margin guidance for the second time this year, citing higher
costs as it drew on inventories.  urn:newsml:reuters.com:*:nL8N27E6E4
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    Brazilian wireless carrier TIM Participações will consider
acquiring assets of its struggling rival Oi SA if they are put
up for sale, TIM Chief Executive Officer Pietro Labriola said on
Tuesday.  urn:newsml:reuters.com:*:nL2N27E105
    
    ATLANTIA  ATL.MI 
    Fitch Ratings has affirmed Atlantia's 10 billion euros euro
medium-term note (EMTN) programme's senior unsecured rating at
'BBB' and its unit Autostrade per l'Italia's (ASPI) Long-Term
Issuer Default Rating (IDR) at 'BBB+'. The Outlooks are
Negative.  urn:newsml:reuters.com:*:nFIT3s8qCl
    
    FINCANTIERI  FCT.MI 
    The European largest shipyard faces a full-scale EU
antitrust investigation into its bid for France's Chantiers de
l'Atlantique on concerns the deal would reduce competition,
three people familiar with the matter said. Fincantieri said in
a statement that there still would be three cruise shipbuilders
in Europe as opposed to current four after the deal.
 urn:newsml:reuters.com:*:nFWN27E0Y6  urn:newsml:reuters.com:*:nL8N27E5IH
    
    MEDIASET  MS.MI 
    The second largest investor in the Italian broadcaster,
Vivendi  VIV.PA , has filed a lawsuit in an Amsterdam court
against some bylaws of a Dutch holding company that Mediaset
wants to use as a platform to build cross border alliances, a
spokesman for the French group said on Tuesday. A first hearing
on the case has been scheduled on Nov. 27.
        
    CERVED GROUP  CERV.MI 
    Italian credit data and information group said on Tuesday it
was weighing up various strategic options for its credit
management unit, including a sale or merger.  urn:newsml:reuters.com:*:nL8N27E6AF
    Conference call on Q3 results (0830 GMT).
    
    BIO-ON  ON.MI  (shares suspended)
    Chairman Marco Astorri has resigned on October 28 from all
roles in the company, after he was arrested in a probe into
false accounting and market manipulation last week.  urn:newsml:reuters.com:*:nFWN27E0GK
    
    NEODECORTECH  NDT.MI 
    The majority shareholder Finanziaria Valentini will sell up
1.2 million shares of the company via an accelerated
bookbuilding at a minimum price of 3,4 euros per share,
Neodecortech said on Tuesday adding that the transaction is
carried out in context of transfer of shares to MTA market of
Borsa Italiana from AIM Italia.  urn:newsml:reuters.com:*:nFWN27E0T6
    
    TENARIS  TENR.MI 
    Board meeting on Q3 results.
    
    AMPLIFON  AMPF.MI 
    Board meeting on Q3 results, followed by conference call
(afternoon).
    
    PIAGGIO  PIA.MI 
    Board meeting on Q3 results, followed by conference call.
    
    SARAS  SRS.MI 
    Board meeting on Q3 results, followed by conference call
(1500 GMT).
    
    ESSILORLUXOTTICA  ESLX.PA 
    Board meeting on Q3 sales.
    
    DIARY
    Rome, builders' association ANCE holds public assembly with
Prime Minister Giuseppe Conte, Infrastructure Minister Paola De
Micheli, Industry Minister Stefano Patuanelli (0830 GMT).
    Rome, conference on "Circular economy, from sustainability
to intelligent mobility" with Economy Minister Roberto
Gualtieri, Cattolica Assicurazioni  CASS.MI  CEO Alberto Minali,
Snam  SRG.MI  Chairman Luca Dal Fabbro (0900 GMT).
    Rome, conference on "Financial education and sustainable
finance: investing in the future" with Economy Minister Roberto
Gualtieri, Treasury Department Director General Alessandro
Rivera, Bank of Italy Director Ivan Faiella, insurance sector
regulator IVASS Secretary General Stefano De Polis, Enel
 ENEI.MI  Group CFO Alberto De Paoli, market regulator Consob
Commissioner Anna Genovese, state lender Cassa Depositi e
Prestiti (CDP) CFO Paolo Calcagnini (1300 GMT).
    Rome, Defence Minister Lorenzo Guerini speaks before Senate
and Chamber of Deputies Defence joint committees (0730 GMT).
    Rome, Industry Minister Stefano Patuanelli speaks before
Chamber of Deputies Industry Committee (1300 GMT).
    Rome, Public Administration Minister Fabiana Dadone speaks
before Constitutional Affairs Senate and Chamber of Deputies
joined committees (1300 GMT).
    Rome, Poste Italiane  PST.MI  CEO Matteo Del Fante speaks
before Chamber of Deputies Transport Committee on 2020-2024
programme agreement (0800 GMT).
    Rome, European Commission Director Roberto Viola speaks via
videoconference before chamber of Deputies Transport Committee
on 5G and big data (1230 GMT).
    Rome, Interior Minister Luciana Lamorgese speaks before
Chamber of Deputies Anti-Mafia Committee (0715 GMT).
    Rome, 2nd edition 'Summit Global Investor Alliance' with
Bank of Italy Director General and IVASS President Fabio
Panetta, ACRI President Francesco Profumo, A2A  A2.MI  CEO Luca
Valerio Camerano, Snam  SRG.MI  Chairman Luca Dal Fabbro, Terna
 TRN.MI  CEO Luigi Ferraris, Telecom Italia  TLIT.MI  (TIM)
Deputy Executive Chairman Alessandro Picardi, Leonardo  LDOF.MI 
CEO Alessandro Profumo, Carige  CRGI.MI  special administrator
Gianluca Brancadoro (1300 GMT).
    Turin, 4th forum on Islamic finance TIEF 2019 ends (0700
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/