February 16, 2017 / 5:04 AM / 9 months ago

Italy - Factors to watch on Feb. 16

The following factors could affect Italian markets on Thursday.

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 December foreign trade data (0900 GMT).

A three-nation call for the European Union to tighten foreign investment rules is worth considering, the European Commission said on Wednesday, amid worries about European technologies ending up in foreign hands.

Italian fund managers are aiming for a slice of an estimated 68 billion euro ($72 billion) savings jackpot by getting depositors who have shifted cash out of Italy’s troubled banks to invest in a new government-backed scheme.

COMPANIES

UNICREDIT

The lender said on Wednesday that its adjusted cost/income ratio for 2016 is 61.1 percent, instead of 58.8 percent incorrectly reported in the English version of a press release and a presentation issued earlier this month for its full-year results.

MONDADORI

Fininvest, the investment vehicle of former Italian prime minister Silvio Berlusconi, said on Wednesday it had raised its stake in Italian publisher Mondadori by 2.9 percent to 53.3 percent.

LEONARDO

IranAir has finalised a deal to buy 20 turboprop aircraft from Franco-Italian ATR, the minister overseeing Iran’s post-sanctions fleet renewal was quoted on Wednesday as saying by the Iranian Students News Agency. ATR is co-owned by France’s Airbus and Italy’s defence group Leonardo.

BANCO BPM

The bank will not sell any more bad loans than the 8 billion euros agreed with the European Central Bank at the time of its merger, said Chief Executive Giuseppe Castagna on Wednesday.

FINCANTIERI (*) Attempts by the French government to ensure that Italy’s Fincantieri does not take a majority stake in shipbuilder STX France is “unacceptable”, a top Italian Treasury official said in La Repubblica newspaper.

Unit Fincantieri Oil & Gas has extended closing date of tender offer on shares in Vard Holdings Limited from Feb. 2.

(*) BANCA POPOLARE DI VICENZA, VENETO BANCA

The likelihood of state intervention in regional lenders Banca Popolare di Vicenza and Veneto Banca is high, the CEO of Popolare di Vicenza told Il Sole 24 Ore on Thursday.

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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