January 2, 2019 / 5:00 AM / 8 months ago

Italy - Factors to watch on Jan. 2

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

Economy Minister Giovanni Tria said in an interview with la Repubblica on Sunday that he had no intention of resigning, following newspaper speculation he could step down.

Separately, in a statement on Sunday Tria welcomed parliament’s approval of the 2019 budget, saying Italy had averted the risk of a disciplinary procedure by the EU and “removed any shadow” of its possible exit from the euro zone. He said money saved from the fall in Italian bond yields could now be invested in economic growth.

Italian Deputy Prime Minister Matteo Salvini said on Monday he “did not see any danger” to the government in the coming months as it turns its attention to new reforms after finally pushing its 2019 budget into law.

The ruling 5-Star Movement expelled four parliamentarians from the party on Monday, including a former coast guard official who once famously ordered the captain of a sinking cruise liner to return to his doomed ship.

ECONOMY

The Italian parliament on Saturday passed the government’s 2019 budget just ahead of an end-year deadline, following last week’s deal with the European Commission which calmed financial markets and averted a risk of fines against Rome.

HIS Markit releases December PMI manufacturing (0845 GMT).

Transport Ministry releases December car sales data (1700 GMT).

December state sector borrowing requirement data.

COMPANIES

Bourse After Hours market closed.

(*) BANCA CARIGE

Italy’s market watchdog Consob has suspended trading in shares of the troubled lender for one day ahead of a statement on the bank’s governance, likely to be issued on Wednesday. .

The European Central Bank in considering actions on Banca Carige, including putting it under special administration, daily Il Sole 24 Ore reported on Wednesday.

ATLANTIA

Italy’s toll road operators will not be allowed to increase tariffs as planned this year following a request by the government to freeze increases on most of the country’s motorways, sources at the Transport Ministry said on Saturday.

Transport Minister Danilo Toninelli told La Stampa on Sunday that there would be no tariff increases from Jan 1.

Toll road company Autostrade said in a statement it had agreed to the move. “Autostrade per l’Italia intends to support the growth and competitiveness of the country while maintaining the initiative for a period of six months in an active spirit of cooperation with the government.”

(*) SALINI IMPREGILO, FINCANTIERI

The special commissioner Marco Bucci aims at closing a collective contract by Friday with the firms awarded with the demolition and the rebuilding of the collapsed bridge in Genoa, Il Sole 24Ore reported on Wednesday. Italy’s biggest builder Salini Impregilo, which will rebuild the bridge along with shipbuilder Fincantieri, might be appointed as coordinator of the works.

SAFILO GROUP

The eyewear group said on Friday top shareholder Multibrands Italy, a unit of HAL Holding NV, would hold 50.7 percent of Safilo after taking on unsold shares in a capital increase which was 88 percent subscribed.

MONTE DEI PASCHI DI SIENA

The bank said on Friday total damage requests related to pending lawsuits amounted to 1.5 billion euros as of end-September.

DOBANK

The Italian top bad loan specialist has agreed to buy 85 percent of Altamira Asset Management, valuing the entire company at 412 million euros ($472 million) in a bid to create a leading European credit manager.

B.F.

The Italian grains and fruit producer said on Friday it had raised 121 million euros in a capital increase that had been 80.7 percent subscribed following the offer of unexercised rights on the market.

ITALGAS

The gas group said on Friday it had signed a deal to buy 19 gas concessions in central and southern Italy as well as Sardinia.

BANCA INTERMOBILIARE

The company said its capital increase for 91 million euros was concluded fully subscribed.

COVIVIO

Debuts on Italian Stock Exchange main segment MTA after merger with Beni Stabili.

BENI STABILI

Delisted as of Wednesday.

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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