Italy - Factors to watch on Oct. 25

Sogefi SpA

25/10/2016 05:00

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 . 
     
    ECONOMY 
    ISTAT releases August orders and sales data (0800 GMT). 
    Printing Service and State Mint Institute inaugurates new 
museum with Economy Minister Pier Carlo Padoan (1030 GMT). 
    Assogestioni releases September fund flows data. 
    Prime Minister Matteo Renzi said on Monday that a letter in 
which the European Commission might warn the euro zone's third 
largest economy against breaking the bloc's budget rules would 
arrive but would not only pertain to Italy. urn:newsml:reuters.com:*:nI6N1CH01U 
     
    DEBT 
    Treasury announces sale of BTP and CCTeu bonds, with 
relative amounts to be auctioned on Oct. 28. 
    Treasury said on Monday it would offer 6 billion euros in 
six-month bills at an auction on Oct. 27. urn:newsml:reuters.com:*:nI6N1CH01O 
     
    COMPANIES 
    BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI  
    Conference call on 2016-2019 business plan (0630 GMT), 
followed by news conference (0930 GMT). 
    The lender postponed the release of a statement on the 
capital-boosting strategic plan and third-quarter results to 
Tuesday, sources close to the matter said, without giving a 
reason for the delay. urn:newsml:reuters.com:*:nL8N1CU5RS 
    The board approved the turnaround plan earlier on Monday, 
one board member said, adding there was unanimous backing from 
all board directors. urn:newsml:reuters.com:*:nI6N1CH01N 
    A source familiar with the matter said various Gulf-based 
sovereign wealth funds were looking at Monte dei Paschi, but 
have yet to make a commitment. After the plan's presentation it 
would become clearer whether they want to come onboard, the 
person added. 
    A union representative said that the new plan envisages 
1,600 layoffs, on top of another 1,400 previously announced by 
the lender, and would also include 300 new hires. urn:newsml:reuters.com:*:nL8N1CU5LD 
     
    LUXOTTICA  LUX.MI  
    Italian eyewear group Luxottica reported a 1.2 percent rise 
in underlying third-quarter revenues on Monday and said it was 
on track to hit its full-year target while sounding a cautious 
note over expectations for a further rise in profits next 
year. urn:newsml:reuters.com:*:nL8N1CU5B3 
    Luxottica is always on the lookout for potential targets and 
would prefer to enter new markets or strengthen its distribution 
network with acquisitions rather than adding new brands to its 
portfolio, its chief executive said on Monday. urn:newsml:reuters.com:*:nL8N1CU5K9 
     
    TOD'S  TOD.MI  
    The luxury group on Monday reported an expected 14.6 percent 
drop in like-for-like store sales for the first nine months of 
the year, dragged by a fall in consumption by tourists and 
clients in Greater China. urn:newsml:reuters.com:*:nI6N1CH01M 
    CFO Emilio Macellari told analysts that an EBITDA margin of 
18 percent at the end of the year was a bit "challenging but 
achievable" if the fourth quarter is as strong as 
expected. urn:newsml:reuters.com:*:nI6N17B00D 
     
    FCA  FCHA.MI  
    Board meeting on Q3 results, followed by conference call 
(1230 GMT). 
    The carmaker's brands took the bottom four spots in the 
29-brand annual reliability survey from Consumer Reports 
magazine. urn:newsml:reuters.com:*:nL1N1CU1AL 
     
    SAIPEM  SPMI.MI  
    Board meeting on Q3 results, followed by conference call 
(1630 GMT). 
     
    ITALGAS, SNAM  SRG.MI  
    Italgas, Europe's third-biggest gas distributor, pledged to 
grow its dividend in the next three years and boost its market 
share after its spinoff from gas grid owner Snam in 
November. urn:newsml:reuters.com:*:nL8N1CU42S 
     
    SOGEFI  SGFI.MI  
    The car parts maker reported a third-quarter net profit of 
7.4 million euros versus loss 2.3 million euros a year 
ago. urn:newsml:reuters.com:*:nFWN1CU107 
     
    RCS MEDIAGROUP  RCSM.MI  
    Cairo Communication  CAI.MI  and RCS MediaGroup  RCSM.MI  
Chairman Urbano Cairo attends presentation of cycling tour "Giro 
d'Italia" in Milan (1500 GMT). 
     
    FNM  FNMI.MI  
    2016-2020 strategic plan presentation with Chairman Andrea 
Gibelli (1300 GMT). 
     
    JUVENTUS  JUVE.MI  
    Annual general meeting (0800 GMT). 
     
    INDUSTRIAL STARTS OF ITALY2  IN2.MI  
    Annual general meeting (0800 GMT). 
     
    ((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/OCT. 25