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

Italy - Factors to watch on Dec. 5

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

Italian Economy Minister Giovanni Tria is considering resigning once parliament approved the 2019 budget, Corriere della Sera daily reported on Wednesday.

Italy’s Economy Minister Giovanni Tria said on Tuesday that the government is weighing additional asset sales next year to help cut debt as it seeks to settle a dispute with the European Commission over its 2019 budget.

Italian Prime Minister Giuseppe Conte was quoted as saying on Wednesday he was ready to amend slightly some of the measures included in the country’s 2019 budget in a bid to overcome a rejection by the European Commission.

ECONOMY

HIS Markit releases November PMI services (0845 GMT).

TELECOM ITALIA, ENEL

State lender CDP, which owns nearly 5 percent of Telecom Italia and 50 percent of broadband group Open Fiber, presents its first plan under new management on Wednesday. The government is trying to promote a merger of TIM’s network with that of Open Fiber, which is 50 percent owned by Enel.

(*) MEDIOBANCA

The bank’s core capital will remain at around 14 percent following the extension of the so-called Danish Compromise on banks’ investments in insurance subsidiaries instead of falling to 13 percent.

Main shareholders’ pact meeting (1430 GMT).

(*) ASSICURAZIONI GENERALI

Leading shareholders in the insurer are ready to modify bylaws at next spring’s annual general meeting to remove a 70-year age limit for the position of chairman and allow Gabriele Galateri di Genola to do a third mandate, Il Sole 24 Ore reported.

BANCA SISTEMA

The bank said new rules approved by Ecofin on risk weighting capital for salary and pension-secured loans/ would strengthen its CET1 ratio at end September 2019 by about 150 basis points.

(*) MEDIASET

Italy’s biggest commercial broadcaster is now seeking to have its Premium sale contract to France’s Vivendi resolved with compensation, Il Sole 24 Ore reported.

ITALIAN EXHIBITION GROUP

IPO ends.

SAFILO

Safilo said Multibrands Italy, a subsidiary of HAL Holding, exercised its option rights to subscribe new shares relating to its existing stake of about 41.6 percent in the ongoing capital increase, for an amount of about 62.4 million euros.

AGATOS

Ordinary shareholders’ meeting.

TERNIENERGIA

Bond holders meeting (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:...............................

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below