Italy - Factors to watch on Feb. 4
04/02/2019 05:00
MILANO, Feb 1 (Reuters) - The following factors could affect
Italian markets on Monday.
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 basket of goods used to calculate inflation
in 2019 (0900 GMT) and January flash CPI and HICP data (1000
GMT).
Bank of Italy Governor Ignazio Visco warned on Saturday of
downside risks to the central bank's forecast for a 0.6 percent
economic growth in 2019 after the country slipped into a
recession in the fourth quarter. urn:newsml:reuters.com:*:nL5N1ZX09Z
POLITICS
A cost-benefit analysis of a divisive high-speed rail link
from Italy to France (TAV), carried out by a commission set up
by Italy's transport ministry, will give a resoundingly negative
verdict, several Italian newspapers reported on Sunday.
urn:newsml:reuters.com:*:nL5N1ZY062
COMPANIES
TIM TLIT.MI , ENEL ENEI.MI
Italy's state lender CDP supports the idea of creating a
single broadband network, CEO Fabrizio Palermo said on Saturday.
urn:newsml:reuters.com:*:nL5N1ZX0N7
Daily La Repubblica reported earlier on Saturday that the
two main national network players, Open Fiber, controlled by
Enel and CDP, and TIM had signed a non-disclosure agreement that
could include initial moves towards merging the two companies'
network assets. The report did not give further details.
FIAT CHRYSLER FCHA.MI
Car sales in Italy fell 7.55 percent in January compared to
the same month of last year, Transport Ministry said on Friday.
Fiat Chrysler market share fell to 24.2 percent last month from
28.6 percent in January 2018, according to Reuters calculations.
urn:newsml:reuters.com:*:nS8N1ZG03Q
LEONARDO LDOF.MI
Italy's state-owned defence group might extend its
cooperation with U.S. Boeing in the helicopter business, Il Sole
24 Ore reported on Saturday, quoting Boeing's 'vertical lift'
unit chief David Koopersmith.
UNICREDIT CRDI.MI
The Italian bank is having initial contacts through its
adviser HSBC with potential buyers of its Austrian unit's credit
card business, which is valued about 400 million euros, Il Sole
24Ore said on Saturday. The report also said UniCredit was in
talk to exit Austrian B&C Privatstiftung trust, with estimated
proceeds of 100 million euros. Il Sole added the bank is
carrying out the sale of real estate properties in Germany for
an overall value around 1 billion euros.
INTESA SANPAOLO ISP.MI
There is a growing consensus among banking foundations
controlling Intesa Sanpaolo to confirm Gian Maria Gros-Pietro as
the bank's chairman, Il Messaggero said on Sunday.
CARIGE CRGI.MI
There is not a single reason why the state needs to put a
single euro in the troubled lender, one of its special
administrators, Pietro Modiano said on Saturday.
Treasury's Director-general Alessandro Rivera said he was
confident that a "private sector solution" would be found for
Carige, La Stampa reported on Sunday.
Fitch downgraded the rating of lender's soft-bullet mortgage
covered bonds to 'BBB' from 'BBB+' and placed it on rating watch
evolving (RWE). The rating action follows the downgrade last
month of Carige's long-term rating to 'CCC' from 'CCC+' and its
placement on RWE. urn:newsml:reuters.com:*:nFit59v35n
Carige's shares are suspended form trading.
BANKS
A spike in yields on Italian debt in recent months has made
it harder for the country's lenders to access international
markets for their funding, Bank of Italy governor Ignazio Visco
said on Saturday. urn:newsml:reuters.com:*:nL5N1ZX0F7
So called unlikely-to-pay (UTP) loans on Italian banks'
balance sheets amount to a net 52 billion euros, Il Sole 24 Ore
said on Saturday citing a EY report.
ATLANTIA ATL.MI
Atlantia's road maintenance unit Spea said on Friday it had
always operated with the highest level of attention after
several Italian newspapers reported that prosecutors in Genoa
had launched an investigation on the company's safety controls
on five motorway viaducts. Spea added it was ready to cooperate
with the judical authority.
A2A A2.MI
The Italian utility might expand in the domestic solar
business through organic growth and not just through
acquisitions, Il Sole 24 Ore said on Sunday.
JUVENTUS JUVE.MI
Serie A leaders drew 3-3 in a home match on Saturday as
Parma hit back from 3-1 behind. urn:newsml:reuters.com:*:nL5N1ZX0SZ
CERVED CERV.MI
Adjusted EBITDA rose 14.8 percent in 2018 to 208.5 million
euros, the company said. Revenues rose 16.1 percent last year to
458.1 million euros. urn:newsml:reuters.com:*:nFWN1ZW12W
DAMIANI DMN.MI
Leading Jewels S.A. starts full voluntary takeover bid on
Damiani ordinary shares; ends March 1.
RECORDATI RECI.MI
Rossini Investimenti holds a 51.8 percent stake in Recordati
at the closing of a tender offer, the drugmaker said on Friday.
Rossini Investimenti is under no obligation to re-open the
tender offer, Recordati added. urn:newsml:reuters.com:*:nS8N1ZG03
RISANAMENTO RN.MI
Board meeting on FY results.
DIARY
Leonardo LDOF.MI event in Rome attended by Prime Minister
Giuseppe Conte (0900 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/
(Reporting By Viviana Venturi)
((viviana.venturi@thomsonreuters.com;))