January 9, 2018 / 5:00 AM / 7 months ago

Italy - Factors to watch on Jan. 9

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 .

POLITICS

Rome, ceremony to celebrate the 70 year anniversary of the Italian Constitution, with Senate Speaker Pietro Grasso, Economy Minister Pier Carlo Padoan (1000 GMT).

ECONOMY

ISTAT releases November unemployment data (0900 GMT).

UNICREDIT

Moody’s changed its outlook to positive from stable. The positive outlook indicates the rating agency’s increased confidence the bank will ultimately reach its 2019 targets, which will establish a more solid solvency profile.

ATLANTIA

Spain’s market regulator on Monday stood by its 2017 authorisation of a 15.6 billion euro bid by Italy’s Atlantia for Spanish rival Abertis, quashing a Spanish government request to revoke the approval.

(*) TELECOM ITALIA

The authorisation process for the joint venture of Telecom Italia (TIM) and Canal Plus may have to be started all over again, Il Sole 24 Ore said, with possible repercussions on talks between TIM and Mediaset over the acquisition of content for around 500 million euros.

Corriere della Sera said TIM has decided not to renew its sponsorship deal with Ducati for the 2018 MotoGP.

FIAT CHRYSLER

Fiat Chrysler shares hit a record high on Monday on growing expectations that the carmaker’s coveted Jeep brand will unlock even greater value this year.

(*) MEDIOBANCA

The bank’s consumer credit Compass unit securitised loans worth 1.5 billion euros in 2017, MF said.

BRUNELLO CUCINELLI

Brunello Cucinelli sees double-digit growth in revenues and profits in 2018.

IREN

Iren said 62,305,465 preferred shares had been converted into Iren ordinary shares at par. All the utility shares are now ordinary shares.

(*) ALITALIA

Newspapers said Lufthansa is in pole position for exclusive talks to buy the ailing flagship carrier. La Repubblica said one of the options on the table is the creation of a vehicle which would be owned by the eventual buyer (Lufthansa is favourite) with the Italian state having a stake.

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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