March 17, 2020 / 5:03 AM / 18 days ago

Italy - Factors to watch on March 17

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 .

ECONOMY

Italy approved 25 billion euros ($28 billion) of spending measures on Monday to help the fragile economy survive the onslaught of coronavirus.

MARKETS

Italy’s market regulator Consob said on Monday it was introducing a new 24-hour short-selling ban as the Milan bourse continued to slide hit by a coronavirus crisis in the country. Consob also kicked off a procedure that will allow it to adopt a more lasting ban on short-selling as envisaged by existing European regulation under exceptional circumstances. (*) The regulator is preparing a measure to stop short selling for up to 90 days, Il Sole 24 Ore said.

POLITICS

The death toll from an outbreak of coronavirus in Italy has risen to 2,158, the Civil Protection Agency said on Monday. The total number of cases in Italy rose to 27,980 from a previous 24,747, up 13%, the slowest rate of increase since the contagion first came to light on Feb. 21.

COMPANIES (*) ATLANTIA

Atlantia’s motorway unit Autostrade per l’Italia reimboursed on Monday a tranche of expiring debt worth 571 million euros, Il Sole 24 Ore said.

(*) FIAT CHRYSLER

The merger with Peugeot is going ahead as planned, Il Sole 24 Ore said. But the paper adds the merger contract has a contract material adverse change clause and the issue is to see whether the coronavirus outbreak could trigger such a clause.

(*) MOLMED

Japan’s AGC has launched a takeover bid on all the shares of Italian biotech company Molmed in a deal worth up to 240 million euros, AGC said in a statement on Tuesday.

(*) ESSILORLUXOTTICA

EssilorLuxottica has launched a share buyback program.

AEROPORTO DI BOLOGNA

The group reported a 70% drop in passenger traffic in the first two weeks of March due to coronavirus, adding it would access a state-funded temporary layoff scheme for its staff who was currently using up holidays or smart-working.

INTESA SANPAOLO

The Italian bank said on Monday that starting from Tuesday it would only be possible for customers to access its branches after booking an appointment for transactions that could not be postponed or carried out online.

ARNOLDO MONDADORI EDITORE

Board meeting on FY results, followed by conference call.

TECHNOGYM

Board meeting on FY results.

RENO DE MEDICI

The Italian recycled paperboard producer on Monday reported a 14.6% increase in core profit for 2019 and said it was operating at full capacity in a “highly challenging” market environment due to the coronavirus epidemic.

TELECOM ITALIA

The phone group said on Monday it had appointed Nicola Grassi as its new head of procurement.

SAIPEM

The Italian oil services company said it was cancelling conference calls with investors scheduled for March 17-18 and would inform the market once it had set a new date.

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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