September 1, 2017 / 4:02 AM / 3 months ago

Italy - Factors to watch on Sept. 1

The following factors could affect Italian markets on Friday.

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 .

EVENTS

The European House-Ambrosetti annual workshop starts in Cernobbio. Expected attendees include Italy’s Foreign Affairs Minister Angelino Alfano, Russia’s Deputy Prime Minister Arkady Dvorkovich, OECD Secretary General Angel Gurria, Singapore Deputy Prime Minister Tharman Shanmugaratnam, Italgas CEO Paolo Gallo, Terna CEO Luigi Ferraris, Iren CEO Massimiliano Bianco, Eni President Emma Marcegaglia. Ferrovie dello Stato CEO Renato Mazzoncini holds press conference.

POLITICS (*) France’s foreign minister said on Thursday he would head to Libya “very soon” to push warring parties to support a peace roadmap tentatively agreed in Paris in July.

ECONOMY (*) The European Central Bank is likely to announce a reduction of its monthly asset purchases in October, according to a majority of economists in a Reuters poll, who also said they expect the central bank to shut down the programme by the end of next year.

Markit/ADACI releases August PMI manufacturing (0745 GMT)

ISTAT releases final Q2 GDP data (0800 GMT)

August state sector borrowing requirement data.

COMPANIES

TELECOM ITALIA

Top shareholder Vivendi reiterated on Thursday it did not have, at present, power over the Italian phone group’s financial and operating policies. It also said its long-term strategy at Telecom Italia was to push for the convergence of telecommunications and contents. (*) The Italian government has decided to postpone the end of its investigation over the growing influence of Vivendi on the phone group to Sept. 19 rather than Sept. 4, Il Sole 24 Ore reported. In the next days there could there could be meetings between the government committee and TIM-Vivendi lawyers, the report added.

BANCA CARIGE

The Italian bank said on Thursday it was on track to meet deadlines for a number of proposed asset sales. Carige said it had received more than 30 expressions of interest for 1.2 billion euros in bad loans and a platform to manage them it has put up for sale. Binding offers are due by early November. (*) Some fifteen investors are interested in the bank’s consumer credit unit Creditis, with Mediobanca in pole position to buy it, La Stampa reported.

FIAT CHRYSLER

Transport Ministry releases August car sales data (1600 GMT).

IPOs

Italian tyremaker Pirelli said on Thursday China’s Marco Polo International, its sole shareholder, would end its “direction and coordination activity” after the company’s planned re-listing on the Milan bourse. (*) TENARIS

The group said on Friday it reported no major damage to its industrial sites in South Texas following hurricane Harvey.

(*) IL SOLE 24 ORE

The publisher said on Thursday its debt was 64.7 million euros at the end of July this year, up from the 50.7 million euros at the end of December 2016.

(*) DADA.MI

Egyptian magnate Naguib Sawiris is considering the sale of the web company, once owned by publisher RCS, and has given mandate to Lazard to do so, Il Sole 24 Ore reported.

IMMSI

Board meeting on H1 results.

SITI B&T

Conversion of 2021, 4 percent bonds into ordinary shares starts, ends on Sept. 30.

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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