Italy - Factors to watch on Dec. 5

Nvp SpA

05/12/2019 05:00

The following factors could affect Italian markets on Thursday.
    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
    Bank of Italy Governor Ignazio Visco on Wednesday backed a
contested reform of the euro zone's bailout fund and said it
needed to pave the way for broader euro zone financial
integration.  urn:newsml:reuters.com:*:nL8N28E4DM
    Italy's prime minister said on Wednesday that any decision
on the introduction of a digital tax that would hit U.S. tech
giants falls within a country's sovereign sphere and ties with
the United States can have no bearing in such a matter.
 urn:newsml:reuters.com:*:nL8N28E4VN
    Italy plans to raise the corporate income tax on businesses
which need a licence from the government, a draft document seen
by Reuters showed on Wednesday, as Rome looks for ways to
finance its expansionary 2020 budget.  L8N28E600 
    
     DEBT
     The Italian Treasury said on Wednesday it would buy back
four bonds on Friday.  urn:newsml:reuters.com:*:nS8N27Z016
    
    COMPANIES
    
    FIAT CHRYSLER  FCHA.MI 
    Italian tax authorities believe that Fiat Chrysler
Automobiles underestimated the value of its U.S. business by 5.1
billion euros ($5.6 billion) following Fiat's phased acquisition
of Chrysler, according to a company filing and a source close to
the matter.  urn:newsml:reuters.com:*:nL4N28E45R
    
    MONCLER  MONC.MI 
    France's Kering has held exploratory talks with Moncler SpA
about a potential deal for the Italian skiwear maker, Bloomberg
reported on Wednesday citing people with knowledge of the matter
said.  urn:newsml:reuters.com:*:nL4N28E3ZU
   
    ATLANTIA  ATL.MI 
    An Italian court in Genoa found that motorway unit
Autostrade per l'Italia applied pressure on officials at a
sister maintenance firm to falsify safety reports for several
bridges to save money for parent company Atlantia.  urn:newsml:reuters.com:*:nL8N28E37N
        
    BANCA MEDIOLANUM  BMED.MI , CARIGE  CRGI.MI 
    Banca Mediolanum is committed to underwriting part of the
new subordinated bonds troubled Italian lender Banca Carige is
set to issue as part of its rescue plan, chairman Ennio Doris
said on Wednesday.  urn:newsml:reuters.com:*:nS8N27Z015
    
    MEDIASET  MS.MI 
    Mediaset  MS.MI  offered Vivendi  VIV.PA  to stay on as a
shareholder of the broadcaster with nearly 30% in return for the
French group dropping legal claims against the Italian
broadcaster, according to a source close to the negotiations
between the two groups.
    The source said that Vivendi rejected the proposal. Vivendi
declined to comment.   
     
    ASTALDI  AST.MI 
    An Italian court has appointed Enrico Proia as judicial
commissioner as part of the ongoing creditor protection
procedure of the troubled builder replacing Vincenzo Ioffredi,
who resigned earlier this week.  urn:newsml:reuters.com:*:nBIA4RBdGN
    
    NVP  NVPP.MI 
    Mobile direction services company NVP debuts on AIM segment.
    
    SANLORENZO
    Yacht maker Sanlorenzo IPO ends.
    
    DIARY
    Rome, Cabinet meeting (1930 GMT).
    Rome, Prime Minister Giuseppe Conte attends last day of
trilateral forum by Italian employers' association Confindustria
    Rome, event to celebrate 10-year high-speed train
anniversary of Italian state railways Ferrovie dello Stato (FS)
with Prime Minister Giuseppe Conte, Infrastructure and Transport
Minister Paola De Micheli, FS CEO Gianfranco Battisti and
Chairman Gianluigi Castelli (1800 GMT).
    Rome, 5G conference ends (0800 GMT); Expected attendees
include Regional Affairs Minister Francesco Boccia, Defense
Minister Undersecretary Angelo Tofalo, Industry Ministry
Undersecretary Mirella Liuzzi, Telecom Italia  TLIT.MI  (TIM)
CEO Luigi Gubitosi.
    Rome, conference on "The security implications of the global
race for technological superiority"; Fincantieri  FCT.MI 
Giampiero Massolo delivers opening address (0930 GMT); 
    Milan, UBI Banca  UBI.MI  CEO Victor Massiah meets Cattolica
University students on "Italian banks, European Union and
technological innovation" (1600 GMT).
    Milan, FITD-Interbank deposit protection fund holds
Management Committee meeting to preliminary examine Banca
Popolare di Bari situation (1030 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/