December 4, 2018 / 5:01 AM / 10 days ago

Italy - Factors to watch on Dec. 4

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 .

TUESDAY DECEMBER 4

POLITICS (*) Italian Prime Minister Giuseppe Conte will present a new budget proposal in the next few hours, he told the Avvenire daily, aiming to avoid a disciplinary procedure by Brussels.

Rome, ANFIA-National Automotive Industry Chain Association holds public assembly; Prime Minister Giuseppe Conte and Industry Deputy Minister Dario Galli deliver closing addresses (1330 GMT).

Rome, annual forum of Comitato Leonardo on “Sport and Companies: Play Together, Win Together”, expected attendees include Industry Ministry Undersecretary Michele Geraci, Cabinet Undersecretary Giancarlo Giorgetti (0900 GMT).

ECONOMY (*) The government plans to sell real estate assets to state lender Cdp in an attempt to reduce its debt, La Repubblica reported.

Italy posted a state sector budget deficit of 3.9 billion euros in November, down some 1.9 billion euros from the same month last year, the Treasury said on Monday.

FIAT CHRYSLER

Holiday season deals propped up U.S. auto sales in November, limiting the scale of annual falls at some carmakers and putting overall figures on course to top analysts’ expectations, numbers from several top producers showed on Monday. Fiat Chrysler’s sales, which have been surging on the back of its strength in jeeps and SUVs, rose 17 percent.

Italian industry-wide care sales fell 6.3 percent in November, data from the ministry of transport showed. (*) The carmaker aims to create a financial services division in the United States, Il Sole 24 Ore reported, adding one possibility would be to exercise an option to buy Chrysler Capital which is controlled by Santander Consumer.

(*) BANCA CARIGE

The lender will pay a coupon of 16 percent, instead of 13 percent, on its 320-million euros Tier 2 bond if its investors do not approve a planned capital increase at a Dec. 22 shareholders’ meeting, La Repubblica reported. (*) DIASORIN

Shares in Diasorin are included in the FTSE Mib Index of Milan stock exchange as of Dec. 4.

MONTE DEI PASCHI DI SIENA

Moody’s has downgraded the bank’s long-term senior unsecured debt rating to ‘Caa1’ from ‘B3’, affirming its long-term deposit rating at ‘B1’ and standalone baseline credit assessment at ‘caa1’.

CREDITO VALTELLINESE

Morgan Stanley held a potential stake in Creval of 0.4 percent as of Nov. 22, down from a potential stake of 6.453 percent on Oct. 18, a regulatory filing showed.

PARMALAT

The Italian dairy group is on course to be de-listed from the Milan bourse after Lactalis raised its stake above 90 percent.

ITALIAN EXHIBITION GROUP

IPO ends (started on Nov. 28).

LUXOTTICA

Exits FTSE MIB index.

PIAGGIO AEROSPACE

Vincenzo Nicastro was named special administrator for the company after it went into bankruptcy.

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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