Italy - Factors to watch on May 11
11/05/2018 05:00
The following factors could affect Italian markets on Friday.
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
The anti-establishment 5-Star Movement and far-right League
said on Thursday they had made "significant steps" towards
forming a government, as Italy looked to end nine weeks of
political deadlock. urn:newsml:reuters.com:*:nL8N1SH2Q9
Florence, annual event on "The State of the Union" ends
(0700 GMT); expected attendees include European Parliament
President Antonio Tajani, European Commission President Jean
Claude Juncker, Terna TRN.MI Chairwoman Catia Bastioli, EU
Commissioner for Energy Maros Sefcovic, Greek President
Prokopios Pavlopoulos, EU Commissioner for Regional Policies
Corina Cretu, EU foreign affairs chief Federica Mogherini, ECB
Governor Mario Draghi, EU Commission representative Marco Buti,
ESM-European Stability Mechanism Chief Economist Rolf Strauch,
IFM european Department Director Paul Thomsen.
DEBT
Italian government bond yields rose to seven-week highs on
Thursday on growing expectations that anti-establishment parties
will take power in the euro zone's third largest
economy. urn:newsml:reuters.com:*:nL8N1SH1PK
Treasury sells 2.25-2.75 billion euros 0.05 percent BTP
bonds due April 15, 2021; 2.0-2.5 billion euros 1.45 percent BTP
bonds due May 15, 2025; 1.0-1.5 billion euros 2.45 percent BTP
bonds due Sept. 1, 2033. Subscriptions close at 0900 GMT.
Treasury gives minimum percentage coupon new 8-year 'BTP
Italia' bond.
COMPANIES
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Releases Q1 results (before borse opening), followed by
conference call (0800 GMT).
The bank said on Thursday it had completed the
securitisation for the sale of a bad loan portfolio with a gross
book value of around 24.1 billion euros ($28.7 billion),
obtaining investment-grade ratings on the senior
tranche. urn:newsml:reuters.com:*:nI6N1S300O
PRYSMIAN PRY.MI
The company reported first-quarter adjusted core earnings of
153 million euros, compared with 159 million in an analyst
consensus provided by the company. urn:newsml:reuters.com:*:nFWN1SH1FE
The cable maker sees net debt after General Cable
acquisition, including capital increase, at between 2-2.1
billion euros, its CFO said. urn:newsml:reuters.com:*:nI6N1S300P
Organic revenue growth recorded in the first quarter is seen
sustainable for all of this year, Prysmian's CEO
said. urn:newsml:reuters.com:*:nI6N1S300N
BRUNELLO CUCINELLI BCU.MI
The Italian luxury group plans to increase the proportion of
earnings it pays out as dividends to 50 percent by 2020, its
Chief Executive and Chairman Brunello Cucinelli said on
Thursday. urn:newsml:reuters.com:*:nL8N1SH7D3
ENI ENI.MI
Eni has recouped all outstanding payments that Iran owed the
Italian oil company for past investments and has no plans for
any new projects, Chief Executive Claudio Descalzi told
shareholders at its annual meeting on Thursday.
Eni's only remaining activity in Iran is the monthly
purchase of 2 million barrels of oil as part of a contract that
expires at the end of the year, Descalzi said, adding that any
new sanctions would take six months to kick in. He added that
supply could be sourced from elsewhere. urn:newsml:reuters.com:*:nI6N1S300L
A2A A2.MI
A2A CEO Valerio Camerano said the company had presented a
non-binding offer for Terra Firma's solar assets in Italy and
expects a shortlist to be chosen within the next two
weeks. urn:newsml:reuters.com:*:nI6N1S300J
CREDITO EMILIANO EMBI.MI
The company reported a first-quarter net profit of 54.6
million euros, up from 49 million a year ago.
MEDIOBANCA MDBI.MI
Releases Q3 results, followed by conference call (0645 GMT).
CATTOLICA ASSICURAZIONI CASS.MI
Releases Q1 results (0530 GMT), followed by conference call
(0730 GMT).
SOL SOLS.MI
Annual general meeting (0800 GMT) and board meeting on Q1
results.
UBI BANCA UBI.MI
Releases Q1 results, followed by conference call (1300 GMT).
UNIPOL UNPI.MI and UNIPOLSAI US.MI
Release Q1 results (before bourse opening), followed by
conference calls (1000 GMT).
UNIPOLSAI US.MI
Trade ex-dividend of 0.145 euro per share.
ICCREA BANCA ICCRBC.UL
News conference with Chairman Giulio Magagni and Director
General Leonardo Rubattu on creation of ICCREA Cooperative
Banking Group in Rome (1200 GMT).
Annual general meetings: FINCANTIERI FCT.MI (0800 GMT),
GIGLIO GROUP GGTV.MI (0900 GMT), GIORGIO FEDON FDOP.MI (0900
GMT).
Board meetings on Q1 results: ATLANTIA ATL.MI , BANCA
CARIGE CRGI.MI followed by conference call (1200 GMT), BANCA
INTERMOBILIARE BIM.MI , BANCA POPOLARE DI SONDRIO BPSI.MI ,
BANCA SISTEMA BSTA.MI followed by conference call, FIERA
MILANO FIMI.MI followed by conference call (1400 GMT), GRUPPO
MUTUIONLINE MOL.MI , MOLMED MLMD.MI , POLIGRAFICA SAN FAUSTINO
PSF.MI , TERNIENERGIA TRNI.MI .
Conference calls on Q1 results: INWIT INWT.MI (1200 GMT),
ISAGRO IGS.MI (0830 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/