Italy - Factors to watch on Nov. 5
05/11/2018 05:00
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 .
POLITICS
Italian Deputy Prime Minister Luigi Di Maio said on Saturday
the governing coalition programme must be respected after a top
official raised doubts about a key pledge to introduce a minimum
income for the poor. urn:newsml:reuters.com:*:nL8N1XE08L
COMPANIES
BANKS
The European Banking Authority published on Friday the
results of its stress-test of 48 banks in the European Union to
check how well their capital buffers can withstand a combination
of theoretical market and economic shocks. urn:newsml:reuters.com:*:nL8N1XD641
Cabinet Undersecretary Giancarlo Giorgetti said in Sunday's
La Repubblica the government was closely monitoring the
situation as regards the banks and was ready to act in a timely
and resolute manner if needed.
FCA FCHA.MI
Fiat Chrysler Automobiles NV's new CEO is tired of being No.
3 in U.S. pickup truck sales. With a strategy of loading up its
revamped Ram 1500 full-size trucks with new features - ranging
from 12-inch touch screens on the dashboard to large battery
packs and electric motors to help adjust speed and gears and
conserve fuel - the automaker is banking on a sustained surge in
demand. urn:newsml:reuters.com:*:nL2N1X602M
The company's new car registrations in Italy fell 16.8
percent year-on-year in October, the transport ministry said on
Friday. Its market share stood at 23.56 percent in October, up
from 22.7 percent the previous month, according to Reuters
calculations. urn:newsml:reuters.com:*:nL8N1XD5WP
Trade union FIOM holds news conference on factories of FCA,
CNH Industrial and Magneti Marelli in Rome (1100 GMT)
BANCO BPM BAMI.MI
Italy's Banco BPM, one of the banks that fared the worst in
Europe-wide stress tests of the sector, said on Friday one-off
costs had weighed on the outcome of the health
check. urn:newsml:reuters.com:*:nS8N1WV02C
Banco BPM's fully-loaded CET1 ratio stood at 6.67 percent
under the adverse scenario in the EBA's stress tests.
Asked if the bank would sell another 8 billion euros of bad
loans by year end, BPM CEO Giuseppe Castagna told Il Sole 24 Ore
on Sunday the bank aimed to sell the sour loan portfolio by year
end and expected offers from three pretenders by mid November.
The CEO said the bank would not sell its 14.6 percent stake in
Anima Holding.
INTESA SANPAOLO ISP.MI
The bank said on Friday its fully-loaded CET1 capital ratio
of 10.4 percent under the adverse scenario in the EBA stress
tests made it a winner in Europe. "We come out of this stress
test with a further determination to meet all targets in our
business plan," CEO Carlo Messina said.
UBI BANCA UBI.MI
The bank said its fully-loaded CET1 ratio stood at 7.46
percent under the adverse scenario in the EBA's stress tests.
UNICREDIT CRDI.MI
The bank's fully-loaded CET1 ratio stood at 9.34 percent
under the adverse scenario in the EBA's stress tests.
ENI ENI.MI
Eni CEO met Libya's Prime Minister Fayez al-Sarraj and
reiterated the group's commitment to Libya. urn:newsml:reuters.com:*:nL8N1XE0BI
MEDIASET MS.MI
Mediaset will remain Italian, leading shareholder Silvio
Berlusconi said in comments included in a book. "Indeed the
company is thinking of expanding further to be more competitive
on the global market," he said. Berlusconi said he thought the
threat of a possible takeover by Vivendi was over.
GENERALI GASI.MI
The insurer's new business plan will look at growth in
Europe and Russia, La Repubblica said on Sunday.
ITALGAS IG.MI , ASCOPIAVE ASCI.MI
Ascopiave, advised by Rothschild and law firm BonelliErede,
is studying the idea of a tie up worth over 1 billion euros with
Italgas that could involve equity and asset swaps as it looks to
exit retail business to focus on gas distribution, Il Sole 24
Ore said on Saturday.
AEDES AEDI.MI
Bondholders' meeting (1000 GMT).
Board meetings on Q3 results: FERRARI N.V. RACE.MI
followed by conference call (1430 GMT), ITALGAS IG.MI followed
by conference call (1330 GMT), PRIMA INDUSTRIE PRII.MI ,
RISANAMENTO RN.MI .
((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/