Italy - Factors to watch on Sept. 25

Pininfarina SpA

25/09/2018 05:00

The following factors could affect Italian markets on Tuesday.
    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 July and August non-EU foreign trade data
(0800 GMT).
    Assogestioni releases August fund flows data.
    
    DEBT
    Italy's Treasury said on Monday it would offer 3.75-5.25
billion euros over three bonds at auction on Thursday.
 urn:newsml:reuters.com:*:nI6N1VP014    
    The Treasury said it would launch a new three-year nominal
bond maturing on Oct. 15, 2021 in the last three months of the
year.  urn:newsml:reuters.com:*:nI6N1VP016
    Treasury sells 1.25-1.75 billion euros CTZ bonds due March
30, 2020 and 0.750-1.0 billion euros BTPei bonds due Sept. 15,
2032.
    
    COMPANIES
(*) TELECOM ITALIA  TLIT.MI 
    The phone group said after its board meeting on Monday it
would continue to analyse opportunities for investments and
divesture of non-core assets, but the matter is subject to
further discussions. 
    Among non-core assets the company is considering selling are
media unit Persidera and submarine network unit Sparkle. TIM's
Brazilian unit TIM Participacoes SA is also looking into a
possible bid for Nextel Brazil, sources familiar with the matter
have said.  urn:newsml:reuters.com:*:nFWN1WA0OE

(*) LEONARDO  LDOF.MI 
    U.S. Air Force said on Monday it had selected the MH-139,
based on the Leonardo AW139 helicopter and offered by Boeing as
prime contractor, to replace its fleet of UH-1N "Huey"
helicopters. The programme is valued at $2.4 billion for up to
84 helicopters, training devices and associated support
equipment.  urn:newsml:reuters.com:*:nBIA3bN9K urn:newsml:reuters.com:*:nL2N1WA1CS
    The group is preparing a management reshuffle with executive
Alessio Facondo ready to leave the group soon, Il Sole 24 Ore
said.
    
(*) ATLANTIA  ATL.MI 
    In a decree due to be published in the next few days, the
Italian government says that motorway operators will not be
allowed to take part in the reconstruction of the Genoa bridge,
MF reported. 
        
    OIL INDUSTRY
    Italian Deputy Prime Minister Luigi Di Maio said on Monday
the government's 2019 budget would scrap tax breaks for oil
companies.  urn:newsml:reuters.com:*:nR1N1UG02D
        
    TERNA  TRN.MI 
    The Italian power grid company said on Monday it had signed
a credit facility linked to sustainability indexes for 900
million euros.  urn:newsml:reuters.com:*:nFWN1WA0QM
    
    BANKS
    The European Banking Authority launched on Monday its fifth
annual EU-wide transparency exercise. In December 2018, the EBA
will release data over the capital positions, risk and sovereign
exposures as well as asset quality of around 130 EU banks.
    
    FIAT CHRYSLER AUTOMOBILES  FCHA.MI 
    Moody's Investors Service on Monday on Monday raised its
outlook on the car maker's debt ratings to "positive" from
"stable", while affirming the ratings, to reflect the continued
improvement in FCA's credit metrics since the last upgrade in
March.  urn:newsml:reuters.com:*:nMDY3wdvW3
    FCA is nearing the appointment of Pietro Gorlier, chief
operating officer of its components business, as the new head of
Europe as part of a broad reorganization that may be announced
as early as this week, Bloomberg reported on Monday citing
people familiar with the matter.  urn:newsml:reuters.com:*:nL4N1WA4FA
    
    PININFARINA  PNNI.MI 
    The car designer said on Monday Italy's highest court had
rejected an appeal by the tax agency over alleged irregularities
in Pininfarina's VAT payments.
    
    DANIELI & C  DANI.MI 
    Board meeting on FY results.
    
    Board meetings on H1 results: BORGOSESIA  BRGI.MI  (1200
GMT), CDR ADVANCE CAPITAL  CDRU.MI  (1300 GMT), CONAFI PRESTITO
 COPR.MI , EPS EQUITA PEP SPAC  EPS2.MI , LU-VE  LUVE.MI 
(revenues on sales results on July 24), M&C  MACA.MI ,
PHARMANUTRA  PHNU.MI , ROSSS  ROSS.MI , SAFE BAG  SBG.MI ,
SOSTRAVEL.COM  SOTR.MI .
    
    ((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/