February 4, 2019 / 5:01 AM / 2 months ago

Italy - Factors to watch on Feb. 4

    MILANO, March 7 (Reuters) - 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
.
    

                              INDEXES MARCH 6      PCT CHANGE
 FTSE MIB                        20,718.30            +0.11
 FTSEurofirst 300                 1,473.73            +0.27
 Euro STOXX 50                    3,317.08            +0.15
 Dow Jones                       25,673.46            -0.52
    
    ECONOMY
    ISTAT releases basket of goods used to calculate inflation
in 2019 (0900 GMT) and January flash CPI and HICP data (1000
GMT).
    Bank of Italy Governor Ignazio Visco warned on Saturday of
downside risks to the central bank's forecast for a 0.6 percent
economic growth in 2019 after the country slipped into a
recession in the fourth quarter.
    
    POLITICS
    A cost-benefit analysis of a divisive high-speed rail link
from Italy to France (TAV), carried out by a commission set up
by Italy's transport ministry, will give a resoundingly negative
verdict, several Italian newspapers reported on Sunday.

    
    COMPANIES
    TIM, ENEL
    Italy's state lender CDP supports the idea of creating a
single broadband network, CEO Fabrizio Palermo said on Saturday.

    Daily La Repubblica reported earlier on Saturday that the
two main national network players, Open Fiber, controlled by
Enel and CDP, and TIM had signed a non-disclosure agreement that
could include initial moves towards merging the two companies'
network assets. The report did not give further details.
    
    FIAT CHRYSLER
    Car sales in Italy fell 7.55 percent in January compared to
the same month of last year, Transport Ministry said on Friday.
Fiat Chrysler market share fell to 24.2 percent last month from
28.6 percent in January 2018, according to Reuters calculations.

    
    LEONARDO
    Italy's state-owned defence group might extend its
cooperation with U.S. Boeing in the helicopter business, Il Sole
24 Ore reported on Saturday, quoting Boeing's 'vertical lift'
unit chief David Koopersmith.
    
    UNICREDIT
    The Italian bank is having initial contacts through its
adviser HSBC with potential buyers of its Austrian unit's credit
card business, which is valued about 400 million euros, Il Sole
24Ore said on Saturday. The report also said UniCredit was in
talk to exit Austrian B&C Privatstiftung trust, with estimated
proceeds of 100 million euros. Il Sole added the bank is
carrying out the sale of real estate properties in Germany for
an overall value around 1 billion euros.
    
    INTESA SANPAOLO
    There is a growing consensus among banking foundations
controlling Intesa Sanpaolo to confirm Gian Maria Gros-Pietro as
the bank's chairman, Il Messaggero said on Sunday.
       
    CARIGE
    There is not a single reason why the state needs to put a
single euro in the troubled lender, one of its special
administrators, Pietro Modiano said on Saturday. 
    Treasury's Director-general Alessandro Rivera said he was
confident that a "private sector solution" would be found for
Carige, La Stampa reported on Sunday.
    Fitch downgraded the rating of lender's soft-bullet mortgage
covered bonds to 'BBB' from 'BBB+' and placed it on rating watch
evolving (RWE). The rating action follows the downgrade last
month of Carige's long-term rating to 'CCC' from 'CCC+' and its
placement on RWE.
    Carige's shares are suspended form trading.
    
    BANKS
    A spike in yields on Italian debt in recent months has made
it harder for the country's lenders to access international
markets for their funding, Bank of Italy governor Ignazio Visco
said on Saturday.
    So called unlikely-to-pay (UTP) loans on Italian banks'
balance sheets amount to a net 52 billion euros, Il Sole 24 Ore
said on Saturday citing a EY report.
    
    ATLANTIA
Atlantia's road maintenance unit Spea said on Friday it had
always operated with the highest level of attention after
several Italian newspapers reported that prosecutors in Genoa
had launched an investigation on the company's safety controls
on five motorway viaducts. Spea added it was ready to cooperate
with the judical authority.
    
    A2A
    The Italian utility might expand in the domestic solar
business through organic growth and not just through
acquisitions, Il Sole 24 Ore said on Sunday.
    
    JUVENTUS
    Serie A leaders drew 3-3 in a home match on Saturday as
Parma hit back from 3-1 behind.
    
    CERVED
    Adjusted EBITDA rose 14.8 percent in 2018 to 208.5 million
euros, the company said. Revenues rose 16.1 percent last year to
458.1 million euros.    
    
    DAMIANI 
    Leading Jewels S.A. starts full voluntary takeover bid on
Damiani ordinary shares; ends March 1.
    
    RECORDATI
    Rossini Investimenti holds a 51.8 percent stake in Recordati
at the closing of a tender offer, the drugmaker said on Friday.
Rossini Investimenti is under no obligation to re-open the
tender offer, Recordati added.
    
    RISANAMENTO
    Board meeting on FY results.
    
    DIARY
    Leonardo event in Rome attended by Prime Minister
Giuseppe Conte (0900 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:...............................

 (Reporting By Viviana Venturi)
  
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