Italy - Factors to watch on September 9
Italy - Factors to watch on September 9 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 (*).
DEBT
The Treasury will offer €9 billion of 12-month BOT bills at auction.
COMPANIES
BANKS
Italian banks should contribute up to €3 billion euros ($3.49 billion) to help the government fund tax cuts and spending hikes in next year's budget, the co-ruling League party said in a statement on Tuesday.
WEBUILD WBD.MI, TREVI TFI.MI
Market watchdog Consob on Tuesday ordered the re-start of the review period for the builder's tender offer for rival Trevi. The review will end on Sept. 17.
(*) MONTE DEI PASCHI (MPS) BMPS.MI
The documents for the two bids launched by the Tuscan bank for Banca Generali BGN.MI and Banco BPM BAMI.MI will be submitted to market watchdog Consob between Wednesday and Thursday, daily MF reported on Wednesday.
(*) FINCANTIERI FCT.MI
Italy will replace the two frigates sold to the Greek navy with two new Fremm Evo vessels, each valued at €750 million, daily MF reported on Wednesday.
(*) FERRETTI YACHT.MI, THE ITALIAN SEA GROUP TISGR.MI
Ferretti is "seriously considering" the opportunity to buy rival The Italian Sea Group, the yacht maker's CEO Stassi Anastassov was quoted as saying by daily Il Sole 24 Ore. .
(*) M&A
Private equity firm Investindustrial has picked JPMorgan and Mediobanca as it started to explore a potential sale of Italian bottle cap maker Guala Closures, three people with knowledge of the matter told Reuters.
DIARY
Bank of Italy publishes data on bank loans and deposits for July (0830 GMT).
Eni ENI.MI CEO Claudio Descalzi and Enel ENEI.MI CEO Flavio Cattaneo speak at a conference in Rome organised by the co-ruling League party (from 1350 GMT).
Energy Minister Gilberto Pichetto Fratin speaks at parliamentary Question Time (from 1300 GMT).
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
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/