June 27, 2018 / 4:01 AM / 5 months ago

Italy - Factors to watch on June 27

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 .

ECONOMY

ISTAT releases June consumer and business confidence data (0800 GMT), May non-EU foreign trade data (0900 GMT).

POLITICS

Malta will let the rescue ship Lifeline dock after Italy refused it entry, ending the vessel’s near-week-long wait in the Mediterranean with more than 230 migrants on board, Italy’s prime minister said on Tuesday. Malta’s offer resolved a standoff with Rome, where a new government, co-led by the anti-immigrant League party, has announced it will no longer let in charity ships that rescue migrants

DEBT

Treasury sells six-month BOT bills. Subscriptions close at 0900 GMT.

COMPANIES (*) CARIGE

The outgoing chairman of Banca Carige said the bank’s board had never discussed merging with other banks and that his job had been made “almost impossible” by the lender’s CEO, speaking to two Italian dailies.

(*) MONTE DEI PASCHI DI SIENA

The Italian government, which holds a stake of 68 percent in the lender, is looking to merge the Siena-based lender with another Italian bank and is considering Ubi, Banco BPM and BPER Banca, la Repubblica reported.

MEDIASET

Annual general meeting (0800 GMT). (*) French media group Vivendi will not take part in the shareholders’ meeting nor will fund Amber, Il Sole 24 Ore reported.

SALVATORE FERRAGAMO

Ferragamo’s head of marketing and communications, Antonio Burrello, is leaving the group, two sources with knowledge of the matter said, signalling further management changes at the Florentine shoemaker.

(*) TOD’S

JP Morgan cut on Wednesday the target price to 55 euros from 56 euros.

(*) ENEL

China Three Gorges has held talks with European utilities to gauge their interest in buying EDP’s U.S. renewables business, as it looks to smooth the path for its planned takeover of the Portuguese company, three sources familiar with the matter said. Italy’s Enel and Spain’s Iberdrola are not interested, sources added.

BORGOSESIA

Savings shareholders’ meeting (1300 GMT) and annual general meeting (1400 GMT).

INDUSTRIA E INNOVAZIONE

Annual and extraordinary shareholders’ meetings (0930 GMT).

SAFE BAG

Extraordinary shareholders’ meeting (0830 GMT).

ZEPHYRO

Ordinary and extraordinary shareholders’ meetings (1400 GMT).

Annual general meetings: BIALETTI INDUSTRIE (0900 GMT), CDR ADVANCE CAPITAL (1500 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:...............................

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