Italy - Factors to watch on Aug. 26

Trevi Finanziaria Industriale SpA

26/08/2019 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
    Italy's anti-establishment 5-Star party and the main
centre-left opposition PD are struggling to break a logjam over
who could lead a new government as a deadline to avoid early
elections draws near.  urn:newsml:reuters.com:*:nL5N25L0U2
    Talks between Italy's anti-establishment 5-Star Movement and
the centre-left Democratic Party (PD) to form a new government
hit a stumbling block over the PD's opposition to Giuseppe Conte
being reinstated as prime minister.  urn:newsml:reuters.com:*:nL5N25K0IS
 
    ECONOMICS
    Italy's deficit for next year is on track to be well below
target with public finances going much better than expected,
outgoing Economy Minister Giovanni Tria said on Sunday.
 urn:newsml:reuters.com:*:nL5N25L08P
    
    DEBT
    The 10-year Italian bond yield dipped to around 1.30%
IT10YT=RR, close to its lowest in almost three years. The gap
over German bond yields was at 195 bps, having narrowed to 190
bps earlier in the session, its tightest in four week.
 urn:newsml:reuters.com:*:nL5N25J1YP
        
    COMPANIES    
    GENERALI  GASI.MI 
    Generali and Allianz are essentially the two insurers left
in the race to win a banassurance deal with Spain's BBVA worth
1.5-2.0 billion euros, Corriere della Sera said on Sunday.  
    
    ESSILORLUXOTTICA  ESLX.PA 
    Third Point LLC, the U.S. hedge fund that has pushed for
changes at companies ranging from Nestle SA to Campbell Soup Co,
has amassed a stake in Ray-Ban maker EssilorLuxottica, people
familiar with the matter said on Sunday.  urn:newsml:reuters.com:*:nL2N25L04B
    
    ALITALIA, ATLANTIA  ATL.MI 
    The Italian railways, infrastructure group Atlantia and US
carrier Delta are due to meet in Atlanta, USA on August 31 to
try and wrap up a deal to rescue troubled carrier Alitalia but
Italy's political uncertainty and problems over routes in North
America, Asia and Latin America are weighing, Il Messaggero said
on Sunday.
        
    TREVI FINANZIARIA INDUSTRIALE  TFI.MI  
    Shares in Italy's Trevi Finanziaria Industriale were
automatically halted from trading on Friday after rising 9.86%.
        
    Bourse After Hours market closed.
    
        
    ((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/