Italy - Factors to watch on Dec. 28

Vincenzo Zucchi SpA

28/12/2020 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 .
    
    POLITICS
    The Chamber of Deputies has approved the 2021 budget, that
now moves on to the Senate for definitive approval this week.
Expansionary measures in the budget total around 40 billion
euros ($48.99 billion). They will be financed by 25 billion
euros of extra borrowing and 15 billion euros of grants from the
European Union's Recovery Fund designed to help nations hardest
hit by COVID-19.
    The budget assumes that Italy's gross domestic product will
rebound by 6% in 2021, following a contraction of 9% this year.
Italy's public debt, proportionally the highest in the euro zone
after that of Greece, is targeted to fall next year to 155.6%
GDP from 158% in 2020.
    
    COMPANIES
    MEDIASET  MS.MI 
    An Italian administrative court has annulled a watchdog
ruling capping French media giant Vivendi's stake in Mediaset, a
court document showed, in a blow to the Italian broadcaster run
by ex-prime minister Silvio Berlusconi's family.  urn:newsml:reuters.com:*:nL8N2J3461
    
    MEDIASET  MS.MI 
    U.S. - based wireless infrastructure group Phoenix Tower
International said on Thursday it had bought the telecoms mast
unit (TowerTel) of Italian communications tower company EI
Towers.
    As part of the agreement F2i SGR, one of EIT's shareholders,
will retain a minority ownership stake in TowerTel.  Financial
terms of the transaction were not disclosed.
   
    FIAT CHRYSLER  FCHA.MI 
    A U.S. regulator ruled on Wednesday that Mahindra and
Mahindra Ltd's new design for its Roxor off-road utility vehicle
did not infringe the intellectual property rights of Fiat
Chrysler Automobiles' Jeep brand, six months after barring the
sale of older models.  urn:newsml:reuters.com:*:nL1N2J31R0
    
    ENI  ENI.MI 
    Eni said on Wednesday the board of its chemical unit
Versalis had appointed Adriano Alfani as the company’s new Chief
Executive Officer starting from the 1st January 2021.
     
    CATTOLICA ASSICURAZIONI  CASS.MI 
    Cattolica Assicurazioni will sell to UBI Banca its stake in
Lombarda Vita for 290-300 million euros.  urn:newsml:reuters.com:*:nFWN2J3052
   
    OVS  OVS.MI 
    Morgan Stanley has more than 5% of OVS voting rights, the
Italian Bourse said on Wednesday.  urn:newsml:reuters.com:*:nFWN2J305G 
    
    RCS  RCSM.MI , CAIRO COMMUNICATION  CAI.MI 
    In a joint statement on Wednesday the companies said they
would transfer their advertising business into a jointly owned
vehicle as of Jan. 1.  urn:newsml:reuters.com:*:nBIASpgWK
        
    Bourse After Hours market closed.
    
    MIT SIM  MTSI.MI 
    Investment services intermediary company MIT SIM debuts on
AIM segment.
    
    TECHEDGE  TEDGE.MI 
    Temistocle starts full mandatory takeover bid on Techedge
shares (0730 GMT), ends on Jan. 22.
    
    ASSITECA  ASSI.MI 
    Trades ex-dividend of 0.07 euro per share.
    
    FOPE  FOPE.MI 
    Trades ex-dividend of 0.45 euro per ordinary share.
    
    ZUCCHI  ZUCI.MI 
    Trades ex-dividend of 0.1184 euro per ordinary share.
    
        
    ((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/