Italy - Factors to watch on Sept. 9

Trevi Finanziaria Industriale SpA

09/09/2019 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
    The new Italian government led by Prime Minister Giuseppe
Conte will seek to win a confidence vote in the lower house of
Parliament.  
    
    ECONOMY
    ISTAT releases 2017-2019 research and development in Italy
(0800 GMT).
    OECD releases July composite leading indicator (1000 GMT).
    Italy's new government should not challenge European Union
fiscal rules when it submits its draft 2020 budget to Brussels
next month, the head of the euro zone finance ministers, Mario
Centeno, said in an interview with Reuters on Sunday.
 urn:newsml:reuters.com:*:nL5N25Z044
    
    DEBT
    Rating agency Moody's on Friday left unchanged its rating
for Italy's sovereign debt at Baa3, with a stable outlook.
    Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on Sept. 12.
    
    COMPANIES
    FERRARI  RACE.MI 
    Charles Leclerc triggered a frenzy of Ferrari celebration on
Sunday after holding off a race-long Mercedes challenge to take
the Italian Formula One team's first home grand prix victory
since 2010.  urn:newsml:reuters.com:*:nL5N25Z0J7
       
    FIAT CHRYSLER  FCHA.MI 
    French Economy Minister Bruno Le Maire on Saturday poured
cold water on the possibility of merger talks between Fiat
Chrysler and Renault resuming any time soon, saying the priority
for the French car maker was to strengthen its alliance with
Nissan.  urn:newsml:reuters.com:*:nS8N23O00F
    
    CARIGE  CRGI.MI 
    The Malacalza family of entrepreneurs is not happy with the
rescue plan for the bank and has asked lawyers to look at its
legal options for the family, Il Sole 24 ore said on Saturday.
    To win the support of the Malacalza family, other
shareholders in Carige could offer the family of entrepreneurs
the possibility to appoint a board member, Il Corriere della
Sera said on Sunday. The newspaper also said no negotiations are
currently underway between the Malacalzas and other investors in
Carige.  
  
    ATLANTIA  ATL.MI 
    According to Il Sole 24 Ore on Saturday, the group has
short-listed four bidders for its automated toll-road payments
system Telepass: an Italian consortium comprising Fsi, Sia and
Generali  GASI.MI  and three foreign private equity funds -
Apax, Partners Group and Warburg Pincus. Atlantia is planning to
sell a big minority stake, with a valuation for the whole
company pinned at 2 billion euros. The preferred bidder should
be picked in early autumn, the paper said. 
    
    MONCLER  MONC.MI 
    Protests in Hong Kong do not pose any financial risk to the
group, Moncler told Il Sole 24 Ore on Sunday, adding the fashion
group will act on variable costs and inventory handling to
tackle potential impact from Hong Kong unrest. Moncler's
strategy in the area does not change, it also said.
    
    TREVI FINANZIARIA  TFI.MI 
    The company on Saturday said that the independent auditors
stated that they were not in a position to form an opinion on
financial statements for 2017 and 2018 and the consolidated
financial statements of the Trevi Group due to the uncertainties
as to the company's ability to continue as a going concern in
relation to the execution of the capital strengthening and debt
restructuring.  urn:newsml:reuters.com:*:nFWN25Y02V
    
    LEONARDO  LDOF.MI 
    Issues that led to a profit warning in 2017 have been
resolved, CEO Alessandro Profumo told reporters in Cernobbio on
Saturday. He said the first six months of the year were ahead of
expectations and the market was upbeat about the company's
ability to achieve its business plan.  
    
    SNAM  SRG.MI 
    The company is working on a bid for a stake in a $6 billion
natural gas pipeline in the United States in what would be the
gas group's first foray outside Europe, four sources told
Reuters.  urn:newsml:reuters.com:*:nL5N25W6CY
    
    SAIPEM  SPMI.MI 
    Asked about possible sale of drilling business, the Italian
oil services group's chairman said on Friday the group is not
planning any sale.  urn:newsml:reuters.com:*:nS8N23O00D
    
    ENEL  ENEI.MI , TELECOM ITALIA  TLIT.MI 
    The arrival of a new government in Italy is not expected to
affect plans for broadband integration between phone incumbent
Telecom Italia and Open Fiber, the chairman of Open Fiber said
on Friday.  urn:newsml:reuters.com:*:nS8N24Y05H
    
    DIARY
    Milan, Cattolica University with Equita and Investment Bank
present research on "Sustainability: a tailored evaluation for
small- and medium-sized companies" with Equita  EQUI.MI  CEO
Andrea Vismara, Garofalo Health Care  GHC.MI  CEO Maria Laura
Garofalo; Enel  ENEI.MI  Chairwoman Patrizia Grieco and market
regulator Consob Commissioner Paolo Ciocca delivering closing
addresses (1330 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/