Italy - Factors to watch on June 8

Toscana Aeroporti SpA

08/06/2020 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 .
        
    ECONOMY
    Bank of Italy releases May data on Target 2 liabilities and
European Central Bank funding to Italian banks.    
    Unions at troubled Ilva steel plant call strike for Tuesday
over reported plans by ArcelorMittal for job cuts.  urn:newsml:reuters.com:*:nL8N2DK0FX
    
    DEBT
    Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on June 11.
    
    COMPANIES
    CATTOLICA ASSICURAZIONI  CASS.MI  - Chairman Paolo Bedoni
expected to meet insurance watchdog Ivass on Monday to discuss
details of 500 million euro capital increase requested by the
authority. According to Mediobanca Securities estimates, the
operation could include 350 million euros in fresh capital and
200 million euros in additional Tier One bonds, Il Sole 24 Ore
reported on Sunday.
    
    INTESA SANPAOLO  ISP.MI , UBI BANCA  UBI.MI 
    Italian bank Intesa Sanpaolo said on Friday it had received
European Central Bank authorisation to take over smaller rival
UBI Banca, adding it was waiving a clause that would have
allowed it to drop the deal due to COVID-19.  urn:newsml:reuters.com:*:nL8N2DI596
    
    UBI BANCA  UBI.MI , CATTOLICA  CASS.MI 
    The Italian lender said on Friday it has extended its
insurance partnerships with Cattolica and Aviva  AV.L  to the
end of June of the next year.  urn:newsml:reuters.com:*:nS8N2BI09G
    
    GUALA CLOSURES  GCL.MI 
    Special Packaging Solutions Investments Srl starts partial
voluntary takeover bid on Guala Closures ordinary shares, ends
on July 1.
    The Italian bottle cap maker said on Friday the price
proposed by Investindustrial to buy a minority stake in the
company was "inadequate".  urn:newsml:reuters.com:*:nL8N2DI50E
    
    IPO
    Italian filter maker GVS plans to launch an initial public
offering (IPO) as early as next week, aiming at a free float up
to 40% including a greenshoe, three sources close to the matter
said on Friday.  urn:newsml:reuters.com:*:nL1N2DI1CA
    
    DE LONGHI  DLG.MI 
    The company said in a statement that sales performed beyond
its initial expectations in the first part of the second
quarter.  urn:newsml:reuters.com:*:nFWN2DI0DC
    
    TOSCANA AEROPORTI  TYA.MI 
    The Italian airport operator has filed a request for a
state-backed loan worth 80 million euro ($90.42 million) to
weather the impact of the coronavirus crisis, a source with
knowledge of the matter said.  urn:newsml:reuters.com:*:nS8N2B901E
    
    ((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/