December 16, 2016 / 5:03 AM / 9 months ago

Factors to watch on Dec. 16

The following factors could affect Italian markets on Friday.

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 .

ECONOMY

ISTAT releases October foreign trade data (0900 GMT).

Rome, “Rome Investment Forum - Financing Long Term Europe” starts (to Dec. 17). Expected attendees include Bank of Italy Deputy Governor Valeria Sannucci, Economy Minister Pier Carlo Padoan, (0845 GMT).

Milan, conference on “Banks in the European Union” with four rescued banks Chairman Roberto Nicastro at Cattolica University (1600 GMT).

COMPANIES

MONTE DEI PASCHI DI SIENA

Qatar’s sovereign wealth fund is still mulling whether to invest in Monte dei Paschi di Siena’s 5-billion euros capital raise, a source close to the matter said.

Italy’s market watchdog Consob has approved the reopening of a debt swap offer by Monte dei Paschi, a crucial plank of a last-ditch attempt by the lender to raise 5 billion euros, a source close to the matter said on Thursday. (*) Monte dei Paschi has opened its offer for a debt to equity conversion, a major part of a privately-funded rescue of the troubled bank, to retail investors.

MEDIASET, VIVENDI, TELECOM ITALIA

Italy’s communications regulator AGCOM said any operation aimed at concentrating control of Mediaset and Telecom Italia could be illegal, adding it would proceed in acquiring all key information on the “operation under way”.

Italy’s premier Paolo Gentiloni said he considers Mediaset and the telecommunications sector as important and will monitor it against hostile takeovers, but this should not be interpreted as an undue interference.

INTESA SANPAOLO

Intesa Sanpaolo, Italy’s biggest retail bank, agreed on Thursday to pay a $235 million fine to New York state’s financial regulator for anti-money laundering failures and violations of bank secrecy laws, officials said.

The lender says it will book in Q4 a $235 million fine from settlement with New York State Department of Financial Services. Will also book a positive impact of 260 million euros from real estate asset sales.

INSURANCE SECTOR

Insurers may have to scrap dividends after a test of their ability to withstand severe market shocks uncovered a 160 billion euro hole in balance sheets, the EU’s insurance watchdog (EIOPA) said on Thursday.

EIOPA said the impact on Italy was more contained. In a pre-stress “baseline” scenario the insurance sector has a relatively high Solvency ratio of 243 percent.

ENI

A group of oil guards in Libya said on Thursday they had reopened a long blockaded pipeline leading from the major oil fields of Sharara and El Feel, but an oil worker said a separate group had prevented a production restart at El Feel.

TENARIS

Tenaris is to sell its North American electric conduit business to Nucor.

SALVATORE FERRAGAMO

Salvatore Ferragamo said Ugo Giorcelli is to replace Ernesto Greco as CFO from March 15.

Milan Stock Exchange revises FTSEMIB index.

OPENJOBMETIS

Board meeting on 2016 outlook.

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:...............................

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