April 1, 2019 / 4:00 AM / 5 months ago

Italy - Factors to watch on April 1

MILANO, April 1 (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 .

POLITICS

Italy can’t afford fiscal expansion at a time when its economic growth is heading to close to zero, Treasury Minister Giovanni Tria said on Sunday.

Prime Minister Giuseppe Conte to meet European Commission president Jean-Claude Juncker in Rome (1645 GMT).

ECONOMY

IHS Markit releases March PMI manufacturing (0745 GMT)

ISTAT releases February unemployment data (0800 GMT)

News conference to present OECD economic survey of Italy with Secretary General Angel Gurria, Italian Economy Minister Giovanni Tria (1215 GMT)

Transport Ministry releases March car sales data (1600 GMT)

March state sector borrowing requirement data.

TELECOM ITALIA

Top shareholder Vivendi took a first step on Friday towards ending a bitter dispute with U.S. fund Elliott, after the French group faced defeat in its attempt to change Italy’s biggest phone group’s board.

(*) ENI

The Italian oil major’s unit Vaar Energi has entered an agreement with Mime Petroleum to divest 10 percent ownership interests in six licences across Balder and Ringhorne fields.

BANCA CARIGE (*)

Carige said on Saturday the European Central Bank had extended until Sept. 30 a mandate to three temporary administrators who have been put in charge of the troubled Italian bank.

(*) Shares indefinitely suspended from trading.

DAVIDE CAMPARI

The drinks group is looking for opportunities in Asia, in particular in China, and its ideal acquisition target is a premium brand at least as big as Grand Marnier, with a significant share of the on-premise beverage market and a large U.S. presence, CEO Bob Kunze-Concewitz told Milano Finanza on Saturday, adding the desired valuation was of between 5-14 times EBITDA. Asset sales are not a priority but Campari could sell some local brands in South America in the future.

FIAT CHRYSLER

Canadian trade union Unifor called for an emergency meeting with Fiat Chrysler to discuss the future of two assembly plants in the country.

PSA Group and FCA are exploring a partnership to share investments to build cars in Europe, according to people familiar with the talks.

JUVENTUS, AS ROMA, SS LAZIO

Serie A leader Juventus scored a 1-0 win over Empoli on Saturday. On Saturday AS Roma lost 4-1 at home to Napoli, while SS Lazio climbed to fifth place with a 1-0 win at Inter.

PRYSMIAN

Goldman Sachs removed the Italian cable maker stock from its ‘buy’ list and downgraded it to ‘neutral’ due to lower adjusted EBITDA estimates for 2019 and 2020.

AMPLIFON

The hearing aid company will target China for future growth, Chief Executive Enrico Vita told Il Corriere della Sera - L’Economia. Amplifon also looks at France and Germany for further growth.

MITTEL

Net income at Italian investment group fell to 1.3 million euros in 2018 from 16.9 million euros in the previous year.

ALITALIA

Ferrovie dello Stato’s advisers are frantically looking for co-investors in Alitalia’s rescue, la Repubblica reported on Saturday. The paper said foreign funds could cover 5 percent of the required 1 billion euro initial investment. China Eastern could contribute another 5 percent next to Delta Airlines’ 15 percent, leaving open the question of who could finance the missing 30 percent.

IPOs

Italian payments group Nexi’s initial share sale drew strong investor demand on its first day, with bookrunners saying orders exceeded the amount on offer in what is likely to be one of Europe’s biggest listings this year.

EDISON

Voluntary conversion of savings shares into ordinary shares ends (started on Feb. 15).

ESPRINET

Board meeting on FY results.

GAS PLUS

Conference call on FY results (0800 GMT).

Trade ex-dividend: BANCA FARMAFACTORING of 0.539 euro per ordinary share; BANCO DI DESIO E DELLA BRIANZA of 0.0839 euro per ordinary share and 0.1007 euro per saving share.

DIARY

Milan, conference on “For the Capital of Capitals”, expected attendees include Class Editori CEO Paolo Panerai, market regulator Consob President Paolo Savona, banking association ABI President Antonio Patuelli, Borsa Italiana CEO Raffaele Jerusalmi, Societe Generale Chairman Lorenzo Bini Smaghi, UBI Banca CEO Victor Massiah, European Commission official Mario Nava, New York Stock Exchange COO John Tuttle, Allianz Italian unit CEO Giacomo Campora, Zurich Italian unit CEO Alessandro Castellano, SACE CEO Alessandro Decio, European Parliament official Roberto Gualtieri, Economy Ministry Undersecretary Massimo Garavaglia, Cabinet Undersecretary Stefano Buffagni (1230 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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