February 11, 2020 / 5:03 AM / 16 days ago

Italy - Factors to watch on Feb. 11

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 former Prime Minister Matteo Renzi, whose centrist Italia Viva party is part of the ruling coalition, on Monday threatened a no-confidence motion against the justice minister, posing a fresh risk to the survival of the government.

ECONOMY

Italy’s parliamentary budget watchdog (UPB) said on Monday it expects GDP to grow just 0.2% in 2020, far below its previous 0.5% forecast and the 0.6% rate officially targeted by the government in September.

Bank of Italy releases December data on bank lending and domestic government bond holdings at Italy-based banks.

(*) ATLANTIA

The infrastructure group board has given a preliminary green light to the spin off of its toll road unit Autostrade per l’Italia and could sell part of its stake to state lender Cdp or Italy’s biggest infrastructure fund F2i, Il Sole 24 Ore reported. In exchange, the government should give up revoking the motorway concession. The Italian daily added that the banking foundations are expected to give a binding opinion about the possibility that CDP and F2i - in which they are shareholders - will take a stake in Autostrade per l’Italia in the next days.

F2i and CDP could jointly take a 51% stake of Autostrade per l’Italia, MF reported, adding that Atlantia sent a letter to the government saying that they agree to lose control on their motorway unit.

(*) ENI

Venezuela state oil company PDVSA is considering the sale of a majority stake in the joint ventures that run the biggest oil fields to some foreign oil company who already work in the country, like Italy’s Eni, Spain’s Repsol and Russia’s Rosneft, MF reported.

MONCLER

Shopper numbers at Moncler stores in China have plunged 80% since the country’s coronavirus outbreak, the Italian luxury puffer jacket maker said on Monday, joining other high-end brands in warning of a big hit from the epidemic.

MEDIASET - A Dutch court will decide on a request by France’s Vivendi to suspend a planned reorganisation at Italian broadcaster Mediaset on February 24, two sources said on Monday.

TELECOM ITALIA

Moody’s announced on Monday the completion of a periodic review of ratings of Telecom Italia. It said TIM’s Ba1 CFR reflected, among other things, a possible acceleration in 5G rollout due to its network sharing agreement with Vodafone and concerns related to the company’s corporate governance and the entry of Iliad in the Italian market and the continued need for the company to invest in full-fiber technology.

Fitch Ratings assigned a first-time National Long-Term Rating of ‘AAA(bra)’ to TIM Participacoes.

BANCA MONTE DEI PASCHI DI SIENA

Italian bank Monte dei Paschi di Siena’s BMPS.MI debt rating could be upgraded by Fitch if the lender manages to complete a planned sale of bad loans without eating into its capital base excessively, the ratings agency said on Monday.

SAFILO - The Italian eyewear maker said on Monday it had bought a 61.34% stake in U.S. based sunglass designer Prive Revaux for 67.5 million dollars.

FINECOBANK

Board meeting on FY results, followed by conference call (1230 GMT).

BANCA IFIS

Board meeting on preliminary FY results, followed by conference call (1630 GMT).

BANCA MEDIOLANUM

Board meeting on FY results (0900 GMT), followed by conference call (1530 GMT).

DIARY

Naples, Industry Minister Stefano Patuanelli and University Minister Gaetano Manfredi deliver closing address at a conference on “Meeting the future” (1200 GMT).

Rome, welfare institute INPS signs agreement with Policlinico Gemelli Foundation with President Pasquale Tridico, Health Minister Roberto Speranza, Labour Minister Nunzia Catalfo (1000 GMT).

Rome, Health Minister Roberto Speranza speaks before Chamebr of Deputies on Coronavirus (1330 GMT).

Milan, Eurizon Capital SGR presents 2019 results with CEO Tommaso Corcos (1000 GMT).

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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