Italy - Factors to watch on Jan. 7

Solutions Capital Management SIM SpA

07/01/2019 05:00

The following factors could affect Italian markets on Monday.
    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, committees of Chamber of Deputies and Senate
reconvene.
    
    ECONOMY
    ISTAT releases Q3 Deficit/GDP ratio (0900 GMT).
    
    DEBT
    Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on Jan. 10.
    
    COMPANIES
    BANCA CARIGE  CRGI.MI 
(*) A share issue might not be necessary if the Italian troubled
bank quickly finds a partner for a merger or if it manages to
reshuffle its structure in a more efficient way, one of the
lender's special administrators told La Repubblica on Monday.
 urn:newsml:reuters.com:*:nL8N1Z70RK
    The special administrators of the Italian troubled bank will
meet the heads of the country's deposit guarantee fund (FITD)
probably on Wednesday, daily Il Corriere della Sera reported on
Sunday. They are expected to discuss a possible review of the
conditions of the 320 million euro Carige's bond subscribed by
FITD last year. The report added that Carige's adviser UBS would
need at least six month to look for a partner for a merger. 
    European Central Bank has suggested Carige in the past to
consider a merger with another bank, ECB Senior Supervisor
Ignazio Angeloni said on Saturday in an interview to daily Il
Sole 24 Ore. He added the lender's special administrators have
got all the necessary powers to face the present delicate
situation. 
    Trading in Carige's shares in suspended.
    
(*) FCA  FCHA.MI 
    Car production in Italy at the country's biggest
manufactures fell by 6.8 percent in 2018, below one million
units, according to FIM-CISL union estimates, daily Il Sole 24
Ore reported on Saturday.
    
    ENEL  ENEI.MI 
    The power utility has started construction of the around 450
MW High Lonesome wind farm in the U.S. state of Texas, it said
on Friday. Investment in the wind farm amounts to around $600
million and is part of investments outlined in Enel's 2019-2021
strategic plan.
    
(*) TIM  TIM.MI , ILIAD  ILD.PA 
    Head of Iliad Italia tells La Repubblica newspaper that
investments of the mobile operator in the country will amount to
1 bln euros for the network and 1.2 bln for 5G. He adds they can
not yet give figures on subscribers at year-end but confirms
growth is positive and will decide in the future on whether or
not to make an offer on landlines.
    
(*) BANCA IFIS  IF.MI 
    Payout policy at bad loan specialist Banca IFIS will be
unchanged, Chief Executive Giovanni Bossi said on Monday in an
interview to La Stampa. 
       
    BRUNELLO CUCINELLI  BCU.MI 
    Releases preliminary FY revenues.
    
    SOLUTIONS CAPITAL MANAGEMENT (SCM) SIM  SCM.MI 
    Starts capital increase; ends on Jan. 24.
    
    DIARY
    Rome, Deputy Prime Minister and Interior Minister Matteo
Salvini and Cabinet Undersecretary Giancarlo Giorgetti convene
meeting on violence in stadiums (1500 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/