Italy - Factors to watch on Feb. 7
07/02/2019 05:00
MILANO, Feb 6 (Reuters) - 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
ISTAT releases December retail sales (0900 GMT).
Bank of Italy releases January data on Target 2 liabilities
and European Central Bank funding to Italian banks.
The International Monetary Fund on Wednesday criticised
Italy's plans to lower the retirement age, saying they would cut
the country's growth potential and add to an already high
pension bill. urn:newsml:reuters.com:*:nL5N2015M8
The European Commission will slash its 2019 growth forecast
for Italy to 0.2 percent from its previous estimate of 1.2
percent given in November, a source at the European Commission
said on Wednesday, confirming an earlier report by Ansa news
agency. urn:newsml:reuters.com:*:nL5N20174U
DEBT
Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on Feb. 12.
Investor demand for a new 30-year Italian bond reached 41
billion euros ($47 billion) on Wednesday, allowing the Treasury
to raise 8 billion euros. urn:newsml:reuters.com:*:nL5N2014CQ
COMPANIES
BANCO BPM BAMI.MI
Italy's fourth-largest bank Banco BPM posted a
fourth-quarter loss of 584 million euros ($664 million) on
Wednesday after writing down impaired loans for nearly 1 billion
euros in the period to ease a large disposal. urn:newsml:reuters.com:*:nFWN20115O
The lender expects to reduce the cost of funding this year
even if the bank were to seize market opportunities to issue
senior debt, its CEO said. urn:newsml:reuters.com:*:nS8N1T9084
Italy's Credito Fondiario was appointed master and special
servicer in Banco BPM's 7.4 billion euro bad loan
securitisation. urn:newsml:reuters.com:*:nL5N2017BN
Banco BPM is not considering any consolidation options, its
CEO said. urn:newsml:reuters.com:*:nS8N1T9085
The lender's internal workout can allow bank to reduce its
impaired loans' net book value to 200-400 million euros in 6-8
years, its CEO said. urn:newsml:reuters.com:*:nS8N1T9086
The lender said the price of its "ACE" bad loan sale was
23.6 percent of gross book value, excluding
write-offs. urn:newsml:reuters.com:*:nS8N1T9083
Banco BPM's gross impaired loan ratio stood at 10.8 percent
at the end of 2018, taking into account the "ACE" bad loan sale,
Reuters calculations based on a company slide showed.
TELECOM ITALIA TLIT.MI
Elliott held a stake of 9.547 percent in the phone group as
of Jan. 31, a filing with market regulator Consob showed.
ENEL ENEI.MI
Enel said on Wednesday its core earnings last year rose 3.8
percent, boosted by stronger margins in its renewable businesses
in Italy, Spain and South America. urn:newsml:reuters.com:*:nS8N1ZG043
Enel Green Power has started construction of South America's
largest wind farm in Brazil, it said on Wednesday. Enel will
invest around 3 billion reais ($810.77 million) in the
construction of the plant, it added.
CREDITO VALTELLINESE PCVI.MI
The lender reported a full-year net profit of 31.7 million
euros. urn:newsml:reuters.com:*:nFWN2010TP
Conference call on FY results (0700 GMT).
UNICREDIT CRDI.MI
Conference call on FY results (0900 GMT) followed by news
conference (1300 GMT).
UniCredit said on Wednesday General Manager Gianni Franco
Papa would step down effective June 1 as part of a wider senior
management reorganisation at the Italian lender. The total
package agreed with Papa for the termination of his employment,
including an indemnity and severance payment, amounts to around
3.658 million euros, the bank added.
Italy's biggest bank by assets also said its new strategic
plan for the 2020-23 period would be presented in London on Dec.
3.
MEDIOBANCA MDBI.MI
Board meeting on H1 results, followed by conference call
(1300 GMT).
BANCA GENERALI BGN.MI
Board meeting on FY results (anticipation).
BUZZI UNICEM BZU.MI
Board meeting on preliminary FY results.
CNH INDUSTRIAL CNHI.MI
Board meeting on FY results, followed by conference call
(1430 GMT).
FCA FCHA.MI
Board meeting on FY results, followed by conference call
(1300 GMT).
BANCA POPOLARE DI SONDRIO BPSI.MI
The European Central Bank has set a minimum CET 1 ratio for
the bank at 9.25 percent, the lender said on
Wednesday. urn:newsml:reuters.com:*:nFWN201145
UBI BANCA UBI.MI
Board meeting on FY results.
UNIPOL UNPI.MI
Board meeting on FY results.
UNIPOLSAI US.MI
Board meeting on FY results.
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Board meeting on FY results.
AUTOGRILL AGL.MI
Board meeting on FY results.
BANCA PROFILO PRO.MI
Board meeting on preliminary FY results.
BANCO DI DESIO E DELLA BRIANZA DESI.MI
Board meeting on FY results.
CREDITO EMILIANO EMBI.MI
Board meeting on FY results.
PIQUADRO PQ.MI
Board meeting on Q3 results.
ALP.I ALPI.MI
Ordinary and extraordinary shareholders' meetings (1000
GMT).
DIARY
Rome, UEFA holds 43rd ordinary congress (annual report,
election of UEFA President, UEFA Executive Committee, FIFA
Council), followed by news conference by UEFA President
Aleksander Čeferin (0830 GMT).
Milan, first of two-day conference "Connext", ceremony with
Google Business and Operations EMEA President Matt Brittin (0900
GMT).
Milan, Cattolica University holds conference on "Companies
and the stock exchange. Possible Synergies for Growth" with Bank
of Italy Milan Director Giuseppe Sopranzetti (0800 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/
($1 = 3.7002 reais)
(Reporting By Viviana Venturi)
((viviana.venturi@thomsonreuters.com;))