Italy - Factors to watch on Feb. 1
01/02/2018 07:37
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 .
THURSDAY FEBRUARY 1
POLITICS
Italian and French Industry ministers expected to meet on
the evolution of the agreement in the military field in Rome
(1500 GMT).
Former Italian prime minister Silvio Berlusconi called off
an appearance on a top television chat show on Wednesday, his
second such cancellation this week, raising concerns about his
health ahead of national elections. urn:newsml:reuters.com:*:nL8N1PQ7H8
The leader of Italy's 5-Star Movement told international
investors on Wednesday that he would be willing to govern with
mainstream parties of left and right if a March 4 election
produces no clear winner, a source told Reuters. Di Maio later
denied he had said he was willing to make post-election
alliances with other parties, but said he would be willing to
negotiate with them on policies. urn:newsml:reuters.com:*:nL8N1PQ7GY
The leader of the League Matteo Salvini reiterated that
should the centre-right coalition lose at the vote, his party
would not be seek an alliance with the 5-Star Movement, Corriere
della Sera reported.
ECONOMY
Italian Economy Minister Pier Carlo Padoan said on Wednesday
he was concerned about proposals to differentiate the levels of
risk attached to government bonds of different countries that
banks hold in their portfolios. urn:newsml:reuters.com:*:nR1N1M600A
Markit/ADACI releases January PMI manufacturing (0845 GMT).
Transport Ministry releases January car sales data (1700
GMT).
Economy Minister Pier Carlo Padoan attends presentation of
services and 2017 results by tax agency 'Agenzia delle Entrate'.
Conference on "Big Italian Companies and Europe" with
Economy Minister Pier Carlo Padoan, Intesa Sanpaolo ISP.MI
Chairman Gian Maria Gros-Pietro, Enel ENEI.MI President
Patrizia Grieco, Eni ENI.MI President Emma Marcegaglia, FCA
FCHA.MI Chairman John Elkann, Leonardo LDOF.MI CEO
Alessandro Profumo in Rome (0730 GMT).
DEBT
January state sector borrowing requirement data.
COMPANIES
ENEL ENEI.MI
Italy's biggest utility will double its investments in Italy
in the period 2017-2020 to 12 billion euros ($15 billion), the
group's CEO Francesco Starace said on Wednesday. urn:newsml:reuters.com:*:nL8N1PQ6JL
The group said it would "take a look" at Eneco if the Dutch
energy group decides what it wants to do. urn:newsml:reuters.com:*:nI6N1PC017
(*) TELECOM ITALIA (TIM) TLIT.MI
A project to confer all of the group's network assets into a
separate company controlled by TIM - which has already been
presented to regulator AGCOM - could be examined at the board
meeting of Mar. 6, the same which will approve the group's new
strategic plan, Il Sole 24 Ore reported. It added that on that
same day the board will re-assign the powers over security and
unit Sparkle given up by Deputy Chairman Giuseppe Recchi.
RBC cut on Thursday the group's target price to 1.20 euros
from 1.25 euros. urn:newsml:reuters.com:*:nFWN1PR04P
MEDIASET MS.MI
Vivendi's VIV.PA CEO Arnaud de Puyfontaine is optimistic
about ongoing talks with the Italian broadcaster to find a deal
over a failed pay-TV agreement, the executive said on Wednesday.
urn:newsml:reuters.com:*:nL8N1PQ70N
MEDIASET, TELECOM ITALIA
Europe needs to build strong cross-border champions in media
and telecoms or else it will by swallowed up by competitors from
across the Atlantic or China, the chief executive of French
media group Vivendi said on Wednesday. urn:newsml:reuters.com:*:nL8N1PQ6T1
ATLANTIA ATL.MI
The group will consider all options regarding its bid on
Abertis ABE.MC once a rival offer launched by Germany's
Hochtief HOTG.DE on the Spanish company is approved, the
Italian group's chief executive said on Wednesday. urn:newsml:reuters.com:*:nI6N1PC014
FERRARI NV RACE.MI
Board meeting on Q4 and FY results, followed by conference
call (1600 GMT).
LEONARDO LDOF.MI
Rating agency Fitch said on Wednesday that the downward
revision of the aerospace and defence company's expected free
cash flow in 2018 will not have an immediate effect on the
company's ratings (BBB-/Stable). urn:newsml:reuters.com:*:nFit1HWWSj
SALVATORE FERRAGAMO SFER.MI
The luxury goods group said on Wednesday that 2017
preliminary revenues fell 3.1 percent, dragged by the group's
sales in the last three months of the year, as it struggles with
its ambitious new strategy. urn:newsml:reuters.com:*:nI6N1PC016
(*) Jefferies on Thursday cut the group's share to
'underperform' from 'hold' and cut the target price to 19 euros
from 21 euros. urn:newsml:reuters.com:*:nFWN1PR00T
(*) BANCA CARIGE CRGI.MI
The lender last November risked a lot from a liquidity point
of view as for hours the bank experienced a bank run, CEO Paolo
Fiorentino is quoted as saying on Wednesday by Il Sole 24 Ore.
The CEO also said that the ECB addendum will increase the cost
of non-guaranteed credit with fall-outs on families, the report
added.
UBI BANCA UBI.MI
Further consolidation in the banking industry is inevitable
to help the sector cope with rising regulatory costs and the
required hefty investments in technology, the head of Italy's
UBI Banca said on Wednesday. urn:newsml:reuters.com:*:nL8N1PQ6IV
CREDITO VALTELLINESE PCVI.MI
The lender said on Wednesday Banco Santander, Barclays and
Credit Suisse have entered the guarantee consortium for its
share issue. urn:newsml:reuters.com:*:nI6N1PC019
(*) UNIPOL UNPI.MI
Barclays raised on Thursday the group's target price to 4.10
euros from 4 euros. urn:newsml:reuters.com:*:nFWN1PR02H
BANKING SECTOR
European Union banks will face the toughest "stress test" of
their ability to withstand theoretical shocks this year,
including the impact of Britain's exit from the bloc, the EU's
banking watchdog said on Wednesday. urn:newsml:reuters.com:*:nL8N1PQ4TO
(*) CNH INDUSTRIAL CNHI.MI
The group announced on Thursday a partnership with Microsoft
for a new CNH industrial delivery platform, powered by Microsoft
Azure cloud, to provide easy access to vehicle data which will
be used to streamline business operations. urn:newsml:reuters.com:*:nFWN1PR08K
ENI ENI.MI
Israel described as "very provocative" on Wednesday a
Lebanese offshore oil and gas exploration tender in disputed
territory on the countries' maritime border, and said it was a
mistake for international firms to participate. Lebanon in
December approved a bid by a consortium of France's Total
TOTF.PA , Italy's Eni ENI.MI and Russia's Novatek NVTK.MM
for two of the five blocks put up for tender in the country's
much-delayed first oil and gas offshore licensing round.
urn:newsml:reuters.com:*:nL8N1PQ44F
AMPLIFON AMPF.MI
The company said on Wednesday it signed the advance
agreement for the so-called "Patent Box" tax benefit regime for
the years 2015-2019. urn:newsml:reuters.com:*:nBIAbJqC54
BRUNELLO CUCINELLI BCU.MI
Chairman Brunello Cucinelli attends conference on "The New
Social Company: Scenario Changes and Markets Changes" (1300
GMT).
JUVENTUS FC JUVE.MI
The club said on Wednesday it had reached an agreement with
Italy's Atalanta for the definitive disposal of the player
Federico Mattiello. urn:newsml:reuters.com:*:nL8N1PR157
SS LAZIO LAZI.MI
AC Milan and Lazio drew 0-0 in the first leg of their Coppa
Italia semi-final at San Siro on Wednesday. urn:newsml:reuters.com:*:nL4N1PQ70H
(*) AS ROMA ASR.MI
Sporting Clube de Portugal said on Wednesday it reached a
deal with the Italian club to send player Jonathan Silva on loan
until the end of the sport season. urn:newsml:reuters.com:*:nL8N1PR14I
The club said on Wednesday it had sold player Hector Moreno
to Real Sociedad de Futbol. urn:newsml:reuters.com:*:nL8N1PR1NU
RISANAMENTO RN.MI
Board meeting on FY results.
ALP.I ALPI.MI
Debuts on AIM segment.
SPAXS SPAX.MI
Debuts on AIM segment.
((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/
Keywords: ITALY FACTORS/FEB. 1