April 17, 2019 / 4:01 AM / 6 months ago

Italy - Factors to watch on April 17

MILAN, April 17 (Reuters) - The following factors could affect Italian markets on Wednesday.

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

The Italian government’s privatisation plan may be difficult to implement, the Italian parliament’s budget watchdog (UPB) said on Tuesday.

Italy’s deficit would raise to 3.4 percent of gross domestic product in 2020 and to 3.3. percent in 2021 if the government does not increase the sales tax and cannot find alternative measures to boost public finances, a Bank of Italy official said on Tuesday.

ECONOMY

The Italian economy may have returned to growth in the first quarter of this year but many indicators remain weak, a Bank of Italy official said on Tuesday.

ISTAT releases March CPI and HICP final data (0800 GMT) and February foreign trade data (0900 GMT).

BANCO BPM

Italy’s third-largest bank has accepted a binding offer from illimity for the sale of a portfolio of defaulted leasing contracts with a nominal value of 650 million euros, Banco BPM said on Tuesday. The deal, to be executed in stages between mid-2019 and end-2020, will bring Banco BPM’s gross soured loan ratio to a pro-forma level of 10.3 percent from 10.8 percent.

(*) FIAT CHRYSLER

European car registrations fell 3.6 percent in March, the main regional industry group said on Wednesday, with Fiat Chrysler’s sales falling 11.7 percent.

(*) JUVENTUS

Juventus was eliminated from the Champions League on Tuesday when it lost to Ajax Amsterdam.

But Juventus coach Massimiliano Allegri dismissed speculation about his future following their Champions League exit against Ajax Amsterdam on Tuesday, saying he would be at the club next season.

(*) RECORDATI

Italy’s Recordati said on Tuesday it plans to seek Canadian approval for its drug Cystagon, which treats a rare kidney disease, in a potential blow to Horizon Pharma, which makes the only drug approved for treatment in Canada.

PRYSMIAN

Board meeting to restate the company’s 2018 results in light of the latest setback facing its WesternLink submarine connection and damage claims following an anti-competition probe.

TOSCANA AEROPORTI

The Italian Ministry of Infrastructure signed a decree for the approval of a plan that envisages the construction of a new runway and a new terminal at Florence airport, the company said on Tuesday.

Annual general meetings: ACEA (0800 GMT), AMPLIFON (0800 GMT), BPER BANCA (0700 GMT, followed by news conference with CEO Alessandro Vandelli), CEMENTIR (0900 GMT), COVIVIO, DOBANK (0800 GMT), ERG (0830 GMT), FNM (1000 GMT), FOPE (0830 GMT), IDEAMI (0930 GMT), NOTORIOUS PICTURES (0630 GMT), OPENJOBMETIS (1230 GMT), PIOVAN (0830 GMT), VEI 1 (1300 GMT).

Annual and extraordinary shareholders’ meetings: UNIPOLSAI (0830 GMT), ARNOLDO MONDADORI EDITORE (0900 GMT), COIMA RES (0700 GMT), EXPERT SYSTEM (0730 GMT), ITALMOBILIARE (0830 GMT).

Board meetings on FY results: OVS, PLC.

DIARY

Rome, Deputy Prime Minister and Interior Minister Matteo Salvini attends question time at Chamber of Deputies (1300 GMT).

Rome, Economy Minister Giovanni Tria speaks before Budget committees on Economic and Financial Document (0630 GMT).

Rome, Economy Ministry Undersecretary Laura Castelli attends conference organised by state auditor magistrates’ association (0700 GMT).

Rome, conference on “EU-China Relations and the Future of the International Order” with Industry Ministry Undersecretary Michele Geraci (1300 GMT).

Rome, conference on “GEOENVI: Tackling the Environmental Concerns for Deploying Geothermal Energy in Europe” with Industry Ministry Undersecretary MiSE Davide Crippa; Environment Ministry Undersecretary Vannia Gava (0800 GMT).

Rome, ISTAT holds conference to present “Report SDGs 2019” with President Gian Carlo Blangiardo (0800 GMT).

Milan, conference on “The Present and the Future of the European Audiovisual Media Environment” with European Commission official Roberto Viola, Italian Communication Authority President Angelo Cardani (0900 GMT).

Milan, Italian luxury goods companies association Altagamma holds conference on “Consumer & Retail Insight 2019” with Valentino CEO Stefano Sassi, Tod’s Brand General Manager Carlo Alberto Beretta, Herno Chairman Claudio Marenzi, Tamburi Investment Partners Chairman and CEO Giovanni Tamburi (0830 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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