Italy - Factors to watch on Dec. 7

Next Re SIIQ SpA

07/12/2018 05:00

The following factors could affect Italian markets on Friday.
    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 .
    
    FRIDAY DECEMBER 7
    
    POLITICS
    Italy's government is scheduled to meet in Rome (1900 GMT)
    A confidence vote in the lower house of Italian parliament
on the 2019 budget is likely to be held on Friday, after the
government called it to help accelerate its passage.
 urn:newsml:reuters.com:*:nR1N1XP00H
    Prime Minister Conte said it is necessary to find a solution
with the European Commission on the budget for next year, though
relationships with Brussels are "complicate".  urn:newsml:reuters.com:*:nS8N1XX005
    Deputy Prime Minister Luigi Di Maio said that an analysis of
the main 2019 budget items shows that they will cost less than
expected, adding that what is important to Brussels is that debt
come down.  urn:newsml:reuters.com:*:nR1N1XP00G    
    Venice, OECD ends conference on "Unleashing the
Transformative Power of Culture and Creativity for Local
Development" with OECD CRT Foundation Secretary General Massimo
Lapucci (0830 GMT); Economy Minister Giovanni Tria and OECD
Secretary General Angel Gurria deliver closing address.
    
    
    ECONOMY
    ISTAT releases October retail sales data (0900 GMT) and
monthly bulletin on the state of the economy in November (1000
GMT).
    Bank of Italy releases November data on Target 2 liabilities
and European Central Bank funding to Italian banks.
    Bank of Italy Governor Ignazio Visco attends conference on
"From the South to the World: Voices and Success Stories" in
Naples (0900 GMT).
    
    DEBT
    Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on Dec. 12.
    
    COMPANIES
    
    TELECOM ITALIA  TLIT.MI 
    The board which took place on Wednesday did not called a
shareholders' meeting to appoint the company's auditor, a source
said  urn:newsml:reuters.com:*:nS8N1X505H.   
    
    ASTALDI  AST.MI 
    The Italian builder is talking to Fortress and other
alternative lenders to secure 70 million euros ($80 million) of
immediate bridge funding in a race to stay afloat, three sources
said on Thursday. [nL8N1YB5EY}
    
    RECORDATI  RECI.MI 
    The Italian drugmaker has co-opted onto the board three new
non-indipendent and executive directors after three board
members resigned. Giampiero Mazza has been appointed chairman of
the Board of Directors. The company has called a shareholders'
meeting on Feb. 5, 2019 to appoint a new board of directors.
 urn:newsml:reuters.com:*:nFWN1YB0L8.
    
    NOVA RE  NR.MI 
    The Italian real estate investment trust has agreed to buy
three hotel properties in the northern cities of Verona, Bologna
and Vicenza for 23.3 million euros.  urn:newsml:reuters.com:*:nFWN1YB0L7
    
    Bourse After Hours market closed.
    
       
    ((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/