Italy - Factors to watch on Feb. 3
03/02/2017 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 .
ECONOMY
Italy will present measures to curb its 2017 budget deficit
by the end of April in response to the European Commission's
demands that it tighten up its public accounts, Economy Minister
Pier Carlo Padoan said on Thursday. urn:newsml:reuters.com:*:nR1N19101L
Markit releases January service Pmi data (0845 GMT).
ISTAT releases basket of goods used to calculate inflation
in 2017 (0900 GMT) and January flash CPI and HICP data (1000
GMT).
Trani, new hearing in trial over alleged market manipulation
charges against rating agency Standard and Poor's.
COMPANIES
FERRARI RACE.MI
CEO Sergio Marchionne said on Thursday the group's 2017
guidance reflects the right level of prudence and that the 2017
industrial free cash flow guidance of between 280-300 million
euros is conservative. urn:newsml:reuters.com:*:nI6N1D1008 urn:newsml:reuters.com:*:nI6N1D100A
Chief Financial Officer Alessandro Gili said on Thursday
2017 capex will be north of 350-360 million euros. urn:newsml:reuters.com:*:nI6N1D1009
Ferrari shares raced to a new high on Thursday after the
Italian sports car maker beat quarterly sales and earnings
estimates, and gave stronger than expected forecasts for 2017.
urn:newsml:reuters.com:*:nL5N1FN3Y5
INTESA SANPAOLO ISP.MI , GENERALI GASI.MI
Intesa Sanpaolo denied on Thursday it was preparing an
all-share offer for Assicurazioni Generali after shares in the
Italian insurer rose in response to speculation that a bid was
on its way. It was not clear if the bank had decided to drop its
interest in Generali completely or whether it was looking at
different options. urn:newsml:reuters.com:*:nL5N1FN33M
VENETO BANCA IPO-VENE.MI
The bank said on Thursday it issued two state-backed bonds
for 3.5 billion euros. urn:newsml:reuters.com:*:nI6N1FA02A