Italy - Factors to watch on March 27
27/03/2019 05:00
MILAN, March 27 (Reuters) - The following factors could
affect Italian markets on Wednesday.
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
Italy's government is set to revise its 2019 GDP growth
estimate down to 0.1 percent, well below the 1 percent target
included in its budget law, Il Sole 24 Ore reported.
As a result, Italy's 2019 deficit is set be revised to 2.4
percent of GDP, overshooting a 2 percent target agreed with the
European Commission in December. A planned growth-boosting
package may lift the 2019 GDP to 0.2 percent and marginally
improve the deficit to 2.3 percent of GDP, the newspaper added.
urn:newsml:reuters.com:*:nS8N20Z02I
ISTAT releases March consumer and business confidence data
(0900 GMT) and February non-EU foreign trade data (1000 GMT).
DEBT
Treasury sells 6.0 billion euros new 6-month BOT bills.
Subscriptions close at 1000 GMT.
COMPANIES
FIAT CHRYSLER FCHA.MI
France's Renault SA RENA.PA plans to restart merger talks
with Japan's Nissan Motor 7201.T within 12 months, after which
it will set sight on a bid to buy Fiat Chrysler Automobiles
FCHA.MI , the Financial Times reported on Wednesday.
urn:newsml:reuters.com:*:nL3N21E1AU
TELECOM ITALIA TLIT.MI
A board meeting originally called on Thursday to examine
investor Vivendi's complaints over governance issues has been
put back to a date after the shareholder meeting on Friday, a
source close to the matter said on Tuesday. The source said the
decision had been taken by chairman Fulvio Conti to calm nerves
ahead of the Friday meeting.
UNICREDIT CRDI.MI
The bank has launched the sale of three portfolios of
non-performing loans with a book value of 2.4 billion euros, MF
daily reported.
(*) Abu Dhabi's state fund Mubadala, which owns 5 percent of
UniCredit through its Aabar vehicle, has sounded out the Italian
bank over the sale of Swiss private bank Falcon, Il Sole 24 Ore
reported. UniCredit declined to comment, the paper added.
Giovanni Ronca, co-head of UniCredit's operations in Italy,
is expected to resign in the coming weeks an will likely be
replaced by the other co-head Andrea Casini, according to a
source. Remo Taricani, head of sales and marketing, will become
co-head of Italian operations with a focus on retail activities,
the source said. urn:newsml:reuters.com:*:nL8N21D64A
BANCA CARIGE CRGI.MI
The troubled Italian lender said it had closed the sale of
its consumer credit unit to Chenavari for 69.3 million euros.
urn:newsml:reuters.com:*:nFWN21D0QE
ERG ERG.MI
The Italian renewable energy company said it would issue one
or more non-convertible bonds eligible as "green bonds" for up
to 500 million euros. urn:newsml:reuters.com:*:nFWN21D0BE
Annual general meetings: GRUPPO GREEN POWER GGPW.MI (1130
GMT), INWIT INWT.MI (1400 GMT).
Board meetings on FY results: HERA HRA.MI , ACOTEL
ACO.MI , ASTM ATMI.MI , CLABO CLAB.MI , EXOR EXOR.MI ,
DIGITAL360 DIGT.MI , DIGITOUCH DGT.MI followed by conference
call (1500 GMT), KOLINPHARMA KIP.MI , RENERGETICA RENER.MI ,
SIAS-SOCIETA INIZIATIVE AUTOSTRADALI SERVIZI SIS.MI ,
SOSTRAVEL.COM SOTR.MI , TECHNOGYM TGYM.MI , TELESIA TLSA.MI .
DIARY
Rome, Prime Minister Giuseppe Conte attends annual report
presentation on rights of prisoners or people deprived of
personal liberty (0730 GMT).
Rome, Foreign Affairs Minister Enzo Moavero Milanesi attends
seminar on Italian economy and the geo-economic scenarios (0900
GMT).
Rome, annual conference by Maeci and Bank of Italy with
Foreign Affairs Minister Enzo Moavero Milanesi, Bank of Italy
Governor Ignazio Visco (0830 GMT).
Milan, round-table discussion on "Platform Banks and
Services. New Rules for New Operational Models?" with Bank of
Italy official Carmelo Barbagallo (1500 GMT).
Rome, Alitalia CAITLA.UL special commissioners Daniele
Discepolo, Enrico Laghi, Stefano Paleari speak before Chamber of
Deputies Transport and Industry committees on economic and
financial situation and prospects (1315 GMT).
Rome, Insurance Brokers Italian Association-AIBA holds
annual conference on insurance market with President Luca Franzi
De Luca, insurance sector watchdog IVASS Secretary General
Stefano De Polis, insurers' association ANIA President and Poste
Italiane PST.MI Chairwoman Maria Bianca Farina (0900 GMT).
Ravenna, Offshore Mediterranean annual conference on
"Expanding Mediterranean Energy Sector: Fuelling, Regional
growth" starts (0900 GMT), ends on March 29. Expected attendees
include Cabinet Undersecretary Giancarlo Giorgetti, Edison
EDNn.MI CEO Marc Benayoun, Saipem SPMI.MI CEO Stefano Cao.
((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/
(Reporting By Viviana Venturi)
((mailto:viviana.venturi@thomsonreuters.com;))