May 12, 2020 / 4:04 AM / 22 days ago

Italy - Factors to watch on May 12

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 .

CORONAVIRUS

Deaths from the COVID-19 epidemic in Italy rose by 179 on Monday, against 165 the day before, the Civil Protection Agency said, as the daily tally of new cases fell to 744 from 802 on Sunday.

The Italian government said on Monday it would give the regions the power to roll back restrictions introduced to halt the new coronavirus in a move that is likely to see most remaining curbs lifted next week.

ECONOMY

OECD releases March composite leading indicator (1000 GMT).

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

Rome, state borrowing agency Cassa Depositi e Prestiti holds annual general meeting.

DEBT

Treasury sells 7.0 billion euros new 12-month BOT bills. Subscriptions close at 0900 GMT.

COMPANIES (*) INTESA SANPAOLO, UBI BANCA

Ahead of the launch of the bid by Intesa Sanpaolo for UBI, a legal battle at market regulator Consob has begun between the two sides, la Repubblica said. Intesa has expressed doubts on UBI management and some of the bank’s main shareholders, the paper said. UBI has asked for force majeure in view of the coronavirus, it said.

(*) CATTOLICA

The insurer should discuss a new proposal to change governance at the group at a board meeting on Tuesday, Il Sole 24 Ore said.

INWIT

The group reported a rise in first quarter core profits on Monday as Italy’s top mobile tower group revenue rose amid a nationwide lockdown due to a coronavirus outbreak which had emerged at the end of February. (*) A2A

The utility will have 30% of the new group that could be formed by a tie-up with smaller Veneto rivals Agsm and Aim, Il Sole 24 Ore said. The new group, if the deal goes through, would have revenues of 1.5 billion euros, it said.

(*) DIASORIN

“(Antibody) tests today are linked to complicated and expensive molecular technologies . . . and the demand is much higher than the offer,” Chief Executive Carlo Rosa was quoted as saying in the Financial Times, adding that mass immunity was “fantasy”. Rosa added that the group is working to develop faster and cheap salivary swab tests, making them as accurate as the existing ones but using more simple technology.

(*) ENI

None of the big oil companies currently meet U.N. targets to limit global warming despite the most ambitious targets set by Royal Dutch Shell and Eni, investors managing $19 trillion said on Tuesday.

(*) FIAT CHRYSLER (FCA)

The car group said on Monday it was gradually restarting operations at its three factories in Brazil, where operations had been halted for 48 days due to the new coronavirus outbreak.

(*) AZIMUT

Azimut Holding will not be changing its profit outlook for end year of 300 million euros, chairman Pietro Giuliani said in an interview in Il Sole 24 Ore.

(*) MONCLER

The first signs of a recovery in Asia are to be seen, the group’s CEO was cited by Il Sole 24 Ore as saying. The CEO said it was premature to forecast 2021 but added he hoped to reach next year sales levels close to those of last

(*) Illimity Bank

The lender said on Monday Q1 net profit was 4.5 million euros and that it sees revenue growth to continue over the following quarters, in lines with the forecast increase in business volumes.

BANCA IFIS

It holds a board meeting on Q1 results

ATLANTIA

The motorway unit of the Italian infrastructure group said on Monday it has extended to May 31 a toll exemption for health personnel working for Covid-19 emergency.

MASI AGRICOLA

Italian private equity fund Alcedo sold its stake in the wine maker, Masi Agricola said in a statement. Alcedo held a stake of around 6% in Masi through an investment vehicle called Bac co spa.

JUVENTUS, AS ROMA, SS LAZIO

Italy’s Serie A clubs will be allowed to start team training from May 18 “with prudence”, the government said on Monday in a boost for plans to resume the season.

ITALGAS

Annual general meeting (0900 GMT).

A2A

Board meeting on Q1 results, followed by conference call (1415 GMT).

NEXI

Board meeting on Q1 results.

PRYSMIAN

Board meeting on Q1 results, followed by conference call (1600 GMT).

SALVATORE FERRAGAMO

Board meeting on Q1 results, followed by conference call (1600 GMT).

BANCA POPOLARE DI SONDRIO

Board meeting on Q1 results.

CERVED GROUP

Board meeting on Q1 results, followed by conference call.

DOVALUE

Board meeting on Q1 results.

IREN

Board meeting on Q1 results.

SALINI IMPREGILO

Board meeting on Q1 results.

POSTE ITALIANE

Board meeting on Q1 results (press release on May 13).

DIARY

John Hopkins University holds online conference on “A Green Recovery: Which world do we want after COVID-19?”; a dialogue with EU Commission Executive Vice President for European Green Deal Frans Timmermans (1630 GMT).

FT Digital Dialogues starts “Global Economic Crisis” online conference; ends on May 14. Expected attendees include Ryanair CEO Michael O’Leary, International Monetary Fund (IMF) Managing Director Kristalina Georgieva, UniCredit CEO Jean Pierre Mustier, Goldman Sachs representative Anna Skoglund.

‘Milano Capitali’ conference continues (0800 GMT), ends on May 14; expected attendees include Hines CEO Mario Abbadessa, Covivio Italian unit CEO Alexei Dal Pastro, real estate association Assoimmobiliare President Silvia Rovere, Dea Capital Real Estate unit CEO Emanuele Caniggia, Assicurazioni Generali Real Estate unit CEO Aldo Mazzocco, Coima RES CEO Manfredi Catella, state property agency Agenzia del Demanio Director Antonio Agostini.

IR Top Consulting holds online “SMART Investor Day” with Maps Chairman Marco Ciscato, Costamp Group CEO and Chairman Marco Corti, Finlogic CEO and Chairman Dino Natale, Portobello COO Roberto Panfili, Circle Chairman Luca Abatello (0830 GMT).

Rome, Cabinet meeting to approve Re-launch Italy stimulus package expected.

Rome, Industry Minister Stefano Patuanelli speaks before Senate Industry Committee (1200 GMT).

Rome, Special Commissioner for COVID-19 emergency Domenico Arcuri holds news conference (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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