Italy - Factors to watch on Aug. 8
08/08/2018 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 .
POLITICS
Rome, Prime Minister Giuseppe Conte holds news meeting on
mini-budget.
Rome, Prime Minister Giuseppe Conte meets Italian press
ahead of summer break (0900 GMT).
Italy's Senate on Tuesday approved a decree curbing
temporary job contracts and penalising firms that move
production abroad, passing the first major legislation by the
new government. urn:newsml:reuters.com:*:nL5N1UX549
ECONOMY
OECD releases June composite leading indicator (1000 GMT).
DEBT
Italy's Treasury said on Tuesday it would offer 6 billion
euros ($6.96 billion) in 12-month BOT bills at an auction on
Aug. 10. urn:newsml:reuters.com:*:nI6N1UF01X
COMPANIES
Bourse After Hours market closed.
PIRELLI PIRC.MI
The Italian tyremaker on Tuesday posted a 6.8 percent rise
in first-half adjusted operating profit before start-up costs as
a better product mix and efficiencies helped offset higher raw
materials costs and currency fluctuations. urn:newsml:reuters.com:*:nFWN1UY0W9
BPER BANCA EMII.MI
The lender said second quarter net profit fell to 56.9
million euros from 104.5 million euros. urn:newsml:reuters.com:*:nL5N1UY5YP
The bank's CEO Alessandro Vandelli said he expects the
second bad loan portfolio of around 2 billion euros to be sold
at a price in line with the loan coverage ratio in its balance
sheet. urn:newsml:reuters.com:*:nI6N1UF024
BANCA CARIGE CRGI.MI
Moody's has downgraded Banca Carige and placed all of its
long-term ratings and assessments under review for further
downgrade, citing "recent corporate governance tensions which in
Moody's view are an impediment to the bank's effective
restructuring". The move also reflects "the heightened risk that
Carige could be placed in resolution following the European
Central Bank's rejection of the bank's capital conservation
plan", the ratings agency added. urn:newsml:reuters.com:*:nMDY2Fbc6H
Banca Carige said on Tuesday the European Central Bank (ECB)
had made no reference to a possible "resolution" of the Italian
bank in rejecting its latest capital plan, dismissing a risk
flagged by Moody's ratings agency following a
downgrade. urn:newsml:reuters.com:*:nL5N1UY88L
The lender also said it would enter exclusive talks with
Bain Capital until Oct. 15 regarding the sale of an
unlikely-to-pay loan portfolio with a gross book value of up to
400 million euros ($464 million).
JUVENTUS JUVE.MI
Juventus winger Marko Pjaca has left the Italian champions
to join Serie A rivals Fiorentina on a one-year loan for a fee
of 2 million euros ($2.32 million), the clubs said on
Tuesday. urn:newsml:reuters.com:*:nL5N1UY65X
UNICREDIT CRDI.MI
The bank is not worried about the impact of widening Italian
bond spreads and said it was sticking to its targets after its
core capital fell in the second quarter. urn:newsml:reuters.com:*:nL5N1UY0U2
Italy's biggest bank expects to reach a deal with the United
States in a dispute over alleged sanctions violations in Iran in
the coming months, its CEO said on Tuesday. urn:newsml:reuters.com:*:nL5N1UY5SB
The lender has stopped using Facebook FB.O for advertising
and marketing campaigns and will not do so again until the U.S.
giant improves its ethical standards, the bank's CEO said on
Tuesday. urn:newsml:reuters.com:*:nL5N1UY5N9
UNIPOLSAI US.MI , UNIPOL UNPI.MI
UnipolSai has finalised the purchase of a controlling
interest in Arca Vita, equal to a 63.39 percent stake, held by
Unipol Group, it said in a statement on Tuesday.
DOBANK DOB.MI
The company said first-half net profit rose 7 percent to 21
million euros. Conference call on H1 results (0900 GMT).
SPAXS SPAX.MI
Ordinary and extraordinary shareholders' meetings (0800
GMT).
CAIRO COMMUNICATION CAI.MI
Board meeting on H1 results.
CREDITO EMILIANO EMBI.MI
Board meeting on H1 results.
IMA IMAI.MI
Board meeting on H1 results.
MASSIMO ZANETTI MZB.MI
Board meeting on H1 results, followed by conference call.
SERVIZI ITALIA SERIT.MI
Board meeting on H1 results.
SIT SITT.MI
The company said CEO Fulvio Camilli had
resigned. urn:newsml:reuters.com:*:nFWN1UY0VV
((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/