Italy - Factors to watch on Sept. 19

Softec SpA

19/09/2019 05:00

The following factors could affect Italian markets on Thursday.
    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's new government expects the economy to expand by only
about 0.4% next year after eking out 0.1% growth this year,
three sources close to the matter told Reuters, underscoring the
need for an expansionary 2020 budget.  urn:newsml:reuters.com:*:nL5N2693L1
    The Italian government plans to cut tax expenditures
subsidising environmentally harmful activities by 10% each year
starting in 2020, according to a draft emergency decree seen by
Reuters on Wednesday.  urn:newsml:reuters.com:*:nS8N1YM03Z   
    Rome, Prime Minister Giuseppe Conte (1100 GMT) and Chamber
of Deputies speaker Roberto Fico (1510 GMT) receive German
President Frank-Walter Steinmeier.
    Rome, Cabinet meeting on tourism and cybersecurity law
decrees.
    
    COMPANIES
    ATLANTIA  ATL.MI 
    The group's maintenance unit SPEA Engineering said its board
appointed Guglielmo Bove chief executive after the previous
manager resigned following the arrests of two employees in a
probe over falsified road security reports. The company moved
all the employees engulfed in the probe to different jobs.
    
    ENI  ENI.MI 
    Board meeting to approve 2019 interim dividend.
    
   CARIGE  CRGI.MI  (shares suspended from trading)
   Italian troubled lender said on Wednesday that events after
June 30 did not affect the adequacy of a 900 million euro ($993
million) cash call envisaged by its rescue plan. 
   The Genoa-based bank added it will book a 81 million euros
loss from the planned sale of almost all of its impaired loans
to Italy's state-backed bad bank SGA.  urn:newsml:reuters.com:*:nS8N25O02A  urn:newsml:reuters.com:*:nBIA947Xh7
    
    ALITALIA (unlisted)
    The Italian governments aims to wrap up the company sale
process quickly and at best possible conditions to relaunch the
carrier, Italy's Industry Minister Stefano Patuanelli said on
Wednesday.  urn:newsml:reuters.com:*:nS8N25O02B
    
    B.F.HOLDING  BFG.MI 
    The Italian agriculture holding said on Wedsneday it
forecasts to book a net profit in 2019 and possibly paying a
dividend after posted a net profit of 0.1 million euros in the
first half of the year from a net loss of 1.5 million euro in
the previous year.  urn:newsml:reuters.com:*:nBIA98f3lv  
    
    IPO
    Italian motor yacht maker Sanlorenzo aims to list on the
Milan Stock Exchange at about the same time as the rival
Ferretti Group, with an initial public offering (IPO) expected
to be launched as early as the second half of October, two
people familiar with the matter said on Wednesday.  urn:newsml:reuters.com:*:nL5N2695IS
    
    
    DIARY
    Rome, Prime Minister Giuseppe Conte interviewed at "Unica,
Labor Day" (1630 GMT); Education, Sport and Youth Policies
Minister Vincenzo Spadafora attends (1900 GMT).
    Rome, news conference on stipulation of convention among
INPS, INL, Confindustria, CGIL, CISL, UIL with INPS President
Pasquale Tridico, trade unions general secretaies Maurizio
Landini for CGIL, Anna Maria Furlan for CISL, Carmelo Barbagallo
for UIL, Labor Minister Nunzia Catalfo (0730 GMT).
    Turin, Intesa Sanpaolo  ISP.MI  holds conference on "The
spread of insurance culture in Italy and the impact of
technological innovation" with Chairman Gian Maria Gros-Pietro,
Turin Mayor Chiara Appendino, IVASS President and Bank of Italy
Director General Fabio Panetta, insurers' association ANIA
President and Poste Italiane  PST.MI  Chairwoman Maria Bianca
Farina; Intesa Sanpaolo CEO Carlo Messina delivers closing
address (0900 GMT).
    Turin, Terna  TRN.MI  CEO Luigi Ferraris and FCA  FCHA.MI 
EMEA COO Pietro Gorlier sign a 'Memorandum of Understanding'
"e-mobility and energy transition" to create a cutting-edge
laboratory to test the Vehicle-to-Grid (0900 GMT).
    Monfalcone, Fincantieri  FCT.MI  CEO Giuseppe Bono and MSC
Crociere Executive President Pierfrancesco Vago attends ceremony
"MSC Sashore Coin ceremony" (0900 GMT); followed by news
conference (1015 GMT).
    Assisi, conference on "The creation of mass popular culture
between television and online information" with state
broadcaster RAI CEO Fabrizio Salini, Mediaset  MS.MI  Chairman
Fedele Confalonieri (1600 GMT).
    Milan, Pirelli  PIRC.MI  CEO Marco Tronchetti Provera
attends news conference to present 'Milano Monza Open-Air Motor
Show' (0900 GMT).
    Milan, Bocconi University holds conference on financial fair
play with Juventus FC  JUVE.MI  Chairman Andrea Agnelli,
Barcellona FC Chairman Josef Maria Bartomeu, Olympique de
Marseille Chairman Jacques-Henri Eyraud, head of FFR, UEFA
Philippe Rasmussen, FC Internazionale Milano Chairman Stevan
Zhang (1530 GMT).
    Varenna, conference "From urban planning to territorial
government. Cultural values, economic growth, public
infrastructure and citizen protection" starts (1300 GMT); ends
on Sept. 21. Lombardy Region Governor Attilio Fontana is
expected to attend.
    
    ((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/