June 6, 2018 / 4:04 AM / in 2 months

Italy - Factors to watch on June 6

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

Italy’s new, anti-establishment government won its first confidence vote in the upper house Senate on Tuesday after Prime Minister Giuseppe Conte had presented his coalition’s agenda of tax cuts and higher welfare spending.

Chamber of Deputies vote of confidence on new government.

Car show opening ceremony with Infrastructure and Transport Minister Danilo Toninelli in Turin (0730 GMT).

ECONOMY

Rome, conference on “Administrative Justice and Economic System Requirements” with Bank of Italy Governor Ignazio Visco (1300 GMT).

ENI

Eni has no material exposure to Iran and so will not be affected by sanctions announced by the U.S. administration, a spokesman said on Tuesday. (*) Kazakhstan is close to settling a tax dispute with Eni and other oil companies operating Karachaganak field, MF said. The oil groups could pay up to $1.6 billion to reach a deal.

FALCK RENEWABLES

Falck Renewables completed the acquisition of three photovoltaic projects in Massachusetts.

SNAITECH

Pluto (Italia), controlled by the Playtech group, has launched an offer on the shares of Snaitech it does not already own after buying more than 70 percent of the company at 2.19 euros per share.

(*) TELECOM ITALIA

European Union governments and lawmakers have agreed to cap the price of calling from one EU country to another, seeking to score another political victory with citizens after the elimination of mobile roaming surcharges.

(*) POSTE ITALIANE, GENERALI, UNIPOL

The state-controlled group is expected to clinch a partnership on the car insurance business by the end of the summer, MF reported without citing sources. MF said insurance groups Axa and Zurich — along with Generali, Unipol and Allianz — were interested in partnering with Poste.

LEONARDO

CEO Alessandro Profumo attends delivery ceremony of 150th fuselage of ATR in Pomigliano D’Arco.

(*) CAREL IPO-CAREL.MI

The maker of air conditioning and refrigeration control systems has narrowed the price range of its planned initial public offering to 7.0 euros to 7.2 euros per share from a previous range of 6.7 euros to 7.8 euros, a source with knowledge of the matter said on Tuesday.

The Carel’s share offer started on May 25 and ends on Wednesday.

(*) BANCA SISTEMA

Private equity funds are looking at the possibility to invest in the lender, MF reported.

(*) REAL ESTATE

U.S. fund Blackstone mulls the sale of its real estate assets in Italian fashion outlets, Il Sole 24 Ore reported on Wednesday, adding the total value of the assets is around 800 million euros.

SINTESI

Ordinary and extraordinary shareholders’ meetings (0800 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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