Italy - Factors to watch on Oct. 12
12/10/2020 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
Italy is preparing fresh nationwide restrictions, including
on private parties, in response to a recent spike in new
coronavirus cases, Health Minister Roberto Speranza said on
Sunday. The new measures will be discussed with regions and
included in a decree that Prime Minister Giuseppe Conte could
sign as early as Monday evening, he said. urn:newsml:reuters.com:*:nL8N2H108H
ECONOMY
Business lobby Confindustria said on Saturday it saw just a
4.8% rebound for Italy's gross domestic product (GDP) in 2021
after an expected 10% contraction this year, as the coronavirus
epidemic still loomed. urn:newsml:reuters.com:*:nL8N2H031E
Rating agency Fitch on Friday said it expected Italy's
growth to rebound more slowly than the government was
forecasting. urn:newsml:reuters.com:*:nFWN2H00Q8
COMPANIES
ATLANTIA ATL.MI
State lender CDP wants Atlantia to set aside assets to cover
against future damage claims on the group's toll road unit
before investing it, as it needs to follow "sustainability"
principles in its investments, CDP Chairman Giovanni Gorno
Tempini told Saturday's Il Corriere della Sera daily.
CDP deputy Chairman Luigi Paganetto said in an interview
with daily La Stampa on Saturday that investing in a single
national broadband network was a higher priority for the State
lender than investing in motorway concessions. He said that if
other investors made "serious offers", they should be
considered.
BANKS
Lenders must use capital buffers that grew thanks to a ban
to pay dividends this year to provision against loan losses
whenever necessary to face the fallout from the pandemic, Bank
of Italy Governor Ignazio Visco said in an interview with daily
Il Corriere della Sera on Sunday.
INTESA SANPAOLO ISP.MI
Italy's largest lender could look at Luxembourg for a
potential next step of its international growth strategy though
M&A in the private banking business, the head of Fideuram, the
group's private banking division, Tommaso Corcos told Milano
Finanza. He said however that no dossier was open at the
moment.
ENEL ENEI.MI
Italy's competition watchdog has opened a probe into 13
energy supply companies, including utilities Enel and E.ON
EONGn.DE , over alleged lack of transparency in the sale of
power and gas on Italy's retail market. urn:newsml:reuters.com:*:nL8N2H04P1
Enel's retail arm Enel Energia said on Friday it had always
operated "in compliance with the principle of transparency", in
response to the antitrust probe. urn:newsml:reuters.com:*:nS8N2EV0AY
TERNA TRN.MI
After six months of steep contraction due to the coronavirus
epidemic, electricity consumption in Italy in September returned
to levels of a year ago of 26.6 billion kWh, the power grid
company said on Sunday. Renewable sources covered 36% of demand
compared to 33% a year earlier. Consumption in the third quarter
grew 11.8% versus the second quarter.
BUZZI UNICEM BZU.MI
The Italian cement maker said on Friday it would ask
shareholders on November 19 to approve the mandatory conversion
of the group's savings shares into ordinary stock. Buzzi said
the exchange ratio would be of 0.67 ordinary shares for each
savings share owned. It plans to pay an extraordinary dividend
of 0.75 euros per ordinary share following the conversion.
urn:newsml:reuters.com:*:nFWN2H00VS
SABAF SABF.MI
Trades ex-dividend of 0.35 euro per share.
DIARY
Milan, Lombardy region employers' association body
Assolombarda holds annual general meeting; EU Commissioner for
Economy Paolo Gentiloni and employers' association Confindustria
President Carlo Bonomi give speeches (0900 GMT); followed by
news conference (1030 GMT).
Rome, Chamber of Deputies continues examination of economic
stimulus package ('decreto Agosto').
Rome. Regional Affairs Minister Francesco Boccia meets
representatives of local authorities on new measures to contain
coronavirus epidemic.
Rome, Senate, hearings of Bank of Italy (0700 GMT) and
Parliamentary budget office (UPB) (0815 GMT) on new economic and
fiscal targets (NADEF).
((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/