Italy - Factors to watch on February 3

Risanamento SpA

03/02/2016 05:00

The following factors could affect Italian markets on Wednesday. 
    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 sold on Tuesday a new 30-year BTP bond raising 9 
billion euros. The bond, which matures on March 1, 2047 was 
priced to offer a gross yield of 2.758 percent. 
    Markit releases January service Pmi data (0845 GMT). 
    ISTAT releases basket of goods used to calculate inflation 
in 2016 (0900 GMT) and January flash CPI and HICP data (1000 
GMT). 
     
    COMPANIES 
    BANKS 
    S&P said on Tuesday it sees no immediate impact on bank 
ratings from the recent agreement between Rome and Brussels over 
guarantees for non-performing loans. 
     
    FERRARI  RACE.MI  
    Italian carmaker Ferrari gave a cautious outlook for its 
financial performance this year, its first as a standalone 
company, as growth in sales of its supercars is expected to 
slow, pushing its shares to record lows. urn:newsml:reuters.com:*:nL8N15H4K4 
    Just a month after spinning out of Fiat, the Italian 
supercar marque has projected weak growth, sending the stock 
down 13 percent. Ferrari is still a great brand, but investors 
were wrong to buy boss Sergio Marchionne's luxury spin. Even 
after falling, the shares look expensive. urn:newsml:reuters.com:*:nL2N15H21T 
     
    SAIPEM  SPMI.MI  
    The oil services group said on Tuesday it would appeal an 
Algerian court ruling ordering one of its units to pay a 34,000 
euro ($37,104) fine for allegedly inflating prices on contracts 
to build a gas pipeline. urn:newsml:reuters.com:*:nL8N15H5AZ 
     
    FIAT CHRYSLER AUTOMOBILES  FCHA.MI  
    Fiat Chrysler Automobiles and Subaru on Tuesday reported 
slightly higher January auto sales in Canada, as forecasters 
expect Canadian demand for light vehicles and trucks to level 
off this year following a record-breaking 2015. urn:newsml:reuters.com:*:nL2N15H232 
     
    SNAM  SRG.MI  
    The Italian gas group said recognised gas storage revenues 
for 2015 were 455.3 million euros.  urn:newsml:reuters.com:*:nI6N15C00 
     
    CREDITO VALTELLINESE  PCVI.MI  
    The Italian mid-sized bank said on Tuesday it had finalised 
the sale of non-performing loans worth 314 million euro to 
Credito Fondiario adding the disposal would not have a 
significant impact on its income statement. The portfolio sold 
represented 11 percent of the bank's total gross bad loans as of 
Sept. 30, Creval said.  urn:newsml:reuters.com:*:nBIA022b0 
     
    INWIT  INWT.MI  
    Board meeting on preliminary FY results, followed by 
conference call and new industrial plan presentation (1630 GMT). 
     
    ENEL  ENEI.MI  
    Russia's top oil producer Rosneft said on Tuesday its board 
will consider changes to a deal worth 217.5 billion roubles 
($2.8 billion) to supply gas to Enel's Russian power plants Enel 
Rossiya, following media reports of shortages. urn:newsml:reuters.com:*:nL8N15H4OK 
     
    TREVI GROUP  TFI.MI   
    Italy's Trevi Group has won a bid to make urgent repairs to 
Iraq's Mosul hydro-electric dam, close to territory held by 
Islamic State (IS) militants, and expects to sign a contract in 
coming weeks, the Italian foreign minister said on 
Tuesday. urn:newsml:reuters.com:*:nL8N15H4H3 
     
    ERG  ERG.MI  
    ERG Renew finalized an agreement for the acquisition from a 
fund managed by Impax Asset Management Group of 11 wind farms in 
France and six in Germany. urn:newsml:reuters.com:*:nFWN15H03R 
     
    ZUCCHI  ZUCI.MI  
    An Italian court postponed the procedure for the approval of 
the company's restructuring agreement to a hearing set for Feb. 
17. urn:newsml:reuters.com:*:nFWN15H044 
     
    RISANAMENTO  RN.MI  
    The company swung into a full-year net loss of 48.4 
million euros versus profit 205.3 million euros a year 
earlier. urn:newsml:reuters.com:*:nFWN15H068 
     
    ((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/3