Italy - Factors to watch on May 30
30/05/2019 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 .
ECONOMY
The European Commission wrote on Wednesday to the Italian
government asking it to explain a deterioration in the country's
public finances, a move that sets the stage for a possible legal
clash with the eurosceptic coalition in Rome. urn:newsml:reuters.com:*:nL8N2355MK
Assogestioni releases April fund flows data.
DEBT
Treasury sells 500-750 million euros CCTeu bonds due Jan.
15, 2025; 2.25-2.75 billion euros 3.0% BTP bonds due Aug. 1,
2029; 2.0-2.5 billion euros following two BTP bonds: 1.75% due
July 1, 2024 and 2.0% due Dec. 1, 2025. Subscriptions close at
0900 GMT.
COMPANIES
FIAT CHRYSLER AUTOMOBILES FCHA.MI
Nissan Motor Co 7201.T doesn't see any particularly
negative aspects for it in a possible merger of alliance partner
Renault RENA.PA with the Italian American car maker, the chief
executive of the Japanese automaker said on Wednesday.
urn:newsml:reuters.com:*:nT9N20N065
The Japanese partners of Renault have not been left in the
dark by the automaker over its merger talks with Fiat Chrysler,
the chairman of Mitsubishi Motors Corp 7211.T said on
Wednesday. urn:newsml:reuters.com:*:nT9N20N064
Rating agency Standard & Poor's said on Wednesday the
proposed merger with Renault presented numerous strategic
advantages. Future ratings will depend on the new group's
ability to turn around FCA's European operations and accelerate
electrification, S&P added. urn:newsml:reuters.com:*:nFWN2350UO
FERRARI RACE.MI
Ferrari presented a luxury car with a difference on
Wednesday -- a hybrid model that can cruise silently through
city streets on electric power as well as hitting a top speed of
340 km per hour. urn:newsml:reuters.com:*:nL8N2345V0
LEONARDO LDOF.MI
The U.S. defense unit of the Italian aerospace group is
growing significantly as the American military budget increases
and the return on sales should increase, Chief Executive Officer
Alessandro Profumo said on Wednesday on the sideline of an event
in Ottawa. urn:newsml:reuters.com:*:nL2N23515P
BANKS
The European Commission has decided to appeal against an EU
court ruling that overturned Brussels' decision to block the
rescue of small Italian bank Tercas, a Commission spokesman said
on Wednesday. urn:newsml:reuters.com:*:nB5N20U00U
Banca Popolare di Bari said in a statement that it did not
change its plan to seek compensation for the significant damage
caused to the bank when it bought Tercas in 2014.
GENERALI GASI.MI
Fitch upgraded Generali's Issuer Financial Strenght rating
to 'A' from 'A-' and affirmed its Issuer Default Rating at 'A-'.
urn:newsml:reuters.com:*:nFWN2350UY
UNIPOLSAI US.MI
Fitch upgraded UnipolSai's Issuer Financial Strength rating
to 'BBB+' from 'BBB' and affirmed its Issuer Default Rating at
'BBB' with a negative outlook. urn:newsml:reuters.com:*:nL8N2356BP
PRYSMIAN PRY.MI
Western Link said on Wednesday the repair to a section of
cable manufactured by Prysmian in the Irish Sea was almost
complete and its return to service is expected in the first days
of June. urn:newsml:reuters.com:*:nS8N22T04X
AXELERO AXEL.MI
Extraordinary shareholders' meeting (1400 GMT).
OLIDATA OLI.MI
Board meeting on FY results.
SERVIZI ITALIA SERIT.MI
Annual and extraordinary shareholders' meetings (0830 GMT)
and board meeting on Q1 results.
DIARY
Trento, 'Economics Festival' starts, ends on June 2.
Expected attendees include former International Monetary Fund
Chief Economist Olivier Blanchard, Italian Economy Minister
Giovanni Tria, Bank of Portugal Deputy Governor Elisa Ferreira.
Milan, Microsoft Corporation MSFT.O CEO Satya Nadella
delivers opening address at "Microsoft Innovation Summit" (0800
GMT).
Rome, 'Supervisory Body' presents annual report with
President Maurizio Mensi, Telecom Italia TLIT.MI (TIM) CEO
Luigi Gubitosi (0830).
Milan, SACE and Simest present 2019 report on export "Export
Karma, the Future of Italian Companies Still Passes Through
Foreign Markets" with SACE Chairman Beniamino Quintieri and CEO
Alessandro Decio, UBI Banca UBI.MI CEO Victor Massiah, Saipem
SPMI.MI CEO Francesco Caio; state lender Cassa Depositi e
Prestiti President Massimo Tononi. Deputy Prime Minister and
Industry Minister Luigi Di Maio expected to deliver closing
address (1400 GMT).
Castel San Pietro Terme, EY Energy Forum 2019 "Power to our
planet" starts (0830 GMT); ends on May 31. Plenary session with
Bio-On ON.MI CEO Marco Astorri, Hera HRA.MI CFO Luca Moroni,
Snam SRG.MI Chairman Luca Dal Fabbro, Maire Tecnimont
MTCM.MI CFO Alessandro Bernini, Terna TRN.MI CFO Agostino
Scornajenchi, ERG ERG.MI Executive Chairman Alessandro
Garrone, Hera HRA.MI CEO Stefano Venier.
((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/