August 20, 2019 / 4:02 AM / a month ago

Italy - Factors to watch on Aug. 20

The following factors could affect Italian markets on Tuesday.

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 .

POLITICS

Italy’s opposition Democratic Party has had good, initial contacts with the ruling 5-Star Movement over the possibility of forging a coalition, a PD source with knowledge of the talks said on Monday.

Rome, Prime Minister Giuseppe Conte speaks before Senate on the ongoing government crisis (1300 GMT).

Rome, Senate votes the no-confidence motion on government chaired by Giuseppe Conte.

COMPANIES (*) SNAM

Cyprus’ project to build a regasification unit and floating storage to import LNG will cost around 500 million euros, Il Sole 24 Ore said. Snam is part of one of three joint ventures selected in the first stage of a tender to do the work.

(*) IREN

The regional utility is ready to offer 500 million euros to tie-up with regional peer Compagnia Valdostana delle Acque (CVA) to create one of Italy’s biggest renewable energy players, Il Sole 24 Ore said. The public owners of CVA have set a deadline of March to decide on asset sale options and if that fails then an IPO of at least 30% of CVA could be on the cards, it said.

BANCA CARIGE

The bank has called an extraordinary shareholder meeting on Sept. 20 to approve its planned capital increase.

CONFINVEST

Italy’s stock market said on Monday trading Confinvest shares without a limit order would not be allowed until further notice.

JUVENTUS FC

Juventus coach Maurizio Sarri is suffering from pneumonia, the Italian champions said on Monday five days before their opening Serie A match of the season.

Bourse After Hours market closed.

DIARY

Rimini, annual international “Meeting of Friendship Among Peoples” forum continues; ends on Aug. 24. Expected attendees include market regulator Consob President Paolo Savona, Coima Res CEO Manfredi Catella.

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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