Italy - Factors to watch on Sept. 27
27/09/2016 07:37
The following factors could affect Italian markets on Tuesday.
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
A referendum over Italian Prime Minister Matteo Renzi's
flagship constitutional reform will be held on Dec. 4, the
government said on Monday, with the fate of his administration
likely to hinge on the outcome. urn:newsml:reuters.com:*:nL8N1C24S3
ECONOMY
ISTAT releases June and July orders and sales data (0800
GMT).
Rome, Government presents update of the Economic and
Financial Document (DEF).
DEBT
Treasury sells 0.5-1.0 billion euros in inflation-linked
bonds due Sept. 15, 2032 and 2.0-2.5 billion euros in
zero-coupon certificates due March 28, 2018. Subscriptions close
at 0900 GMT.
Italy's Treasury said on Monday it would issue two new BTP
bonds with three- and five-year maturities respectively, a new
CCTeu note due February 2024 and a zero coupon bond due December
2018 in the last quarter of this year. urn:newsml:reuters.com:*:nI6N1BK020
Italy's Treasury said on Monday it would offer 7.0-8.5
billion euros over three bonds at auction on Thursday, including
a new five-year BTP bond which will pay a coupon of 0.35
percent. urn:newsml:reuters.com:*:nI6N1BK00H
COMPANIES
BANKS
The European Central Bank and the head of Italy's bank
rescue fund clashed on Monday over the European Union's tough
conditions on state aid for troubled banks. urn:newsml:reuters.com:*:nL8N1C23YL
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
The lender said on Monday it was considering a voluntary
conversion of its debt into equity as it mulls its options to
prevent its centuries-old business from being wound down. The
company added that a new business plan would be approved on Oct.
24, while a shareholder meeting would be held before the end of
November. urn:newsml:reuters.com:*:nL8N1C24Y4
(*) The bank could launch its capital increase on Monday
Dec. 5 or Tuesday Dec. 6, Il Messaggero reported. MF said
instead the cash call would likely be delayed to January or
February.
(*) The conversion offer will likely be extended also to the
bank's 40,000 retail bondholders, Corriere della Sera reported
quoting several sources with knowledge of the matter.
(*) A possible 1 billion euro investment by Qatari funds in
Monte dei Paschi would involve state lender Cassa Depositi e
Prestiti (CDP) borrowing the shares and paying an interest on
them, according to a plan that got a cold reception from Italy's
Treasury a month ago but, la Repubblica reported quoting
financial sources. CDP would take on the risk of any changes in
the value of the holding, the paper said, adding the Treasury
may be more open to the scheme as it runs out of alternatives
for Monte dei Paschi's recapitalisation.
(*) UBI BANCA
UBI Banca officials have been studying a sample of Banca
Marche's problematic loans ahead of a possible bid for one or
more of the four banks that were rescued from bankruptcy in
November and have been put up for sale, Il Sole 24 Ore reported.
UBI CEO Victor Massiah met with Roberto Nicastro, chairman
of the four rescued bank, on Monday evening with a view to
agreeing a memorandum of understanding by Sept. 30, Il
Messaggero reported.
FIAT CHRYSLER AUTOMOBILES FCHA.MI
September U.S. industry-wide auto sales are forecast to drop
nearly 1 percent from a year ago despite a record high for
consumer discounts, J.D. Power and LMC Automotive said on
Monday. urn:newsml:reuters.com:*:nL2N1C20TJ
MEDIASET MS.MI
The company's board is due to meet on Tuesday and is
expected to also discuss Mediaset's dispute with Vivendi
VIV.PA over a pay-TV deal agreed in April.
MEDIOBANCA MDBI.MI
Main shareholders' pact meeting.
PRYSMIAN PRY.MI
The company expects to close the year with core earnings
(EBITDA) at the higher end of its guidance, its CEO told Reuters
on the sidelines of an event in Milan.
SALINI IMPREGILO SALI.MI
Celebrating event with Prime Minister Matteo Renzi (0700
GMT), CEO Pietro Salini followed by inauguration of the
exhibition "110 Years of History in the World" (1630 GMT).
ENAV ENAV.MI
The air traffic controller said on Monday core earnings rose
14 percent in the first half of the year, boosted by growth in
international flights. urn:newsml:reuters.com:*:nI6N1BK01Z
Conference call on H1 results.
FINCANTIERI FCT.MI
The company said it had appointed Alberto Maestrini director
general. urn:newsml:reuters.com:*:nFWN1C20FO
DANIELI & C. DANI.MI
Board meeting on FY results.
ACOTEL ACO.MI
Board meeting on H1 results.
(*) BANCA POPOLARE DI VICENZA
A board meeting on Oct. 11 will assess progress made on a
new business plan CEO Francesco Iorio is working on and could
approve the document, Il Sole 24 Ore reported quoting ANSA news
agency.
((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/SEPT. 27