May 5, 2020 / 4:00 AM / a month ago

Italy - Factors to watch on May 5

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 .

CORONAVIRUS

Grandparents hugged their grandchildren, toddlers rushed excitedly through parks and factories revived their long-stalled production lines as Italy started the slow process of unwinding Europe’s longest coronavirus lockdown.

Deaths from the COVID-19 epidemic in Italy climbed by 195 on Monday, against 174 the day before, the Civil Protection Agency said, but the daily tally of new infections declined to 1,221 from 1,389 on Sunday.

Italy’s coronavirus death toll is much higher than reported, statistics bureau ISTAT said on Monday.

DEBT

Italy posted a state sector budget deficit of 17.9 billion euros ($19.5 billion) in April compared to a deficit of 2.9 billion euros in the same month last year, the Treasury said on Monday.

FCA

Board meeting on Q1 results followed by conference call (1200 GMT)

Italian car registrations fell 97.55% in April from the previous year following the coronavirus outbreak and a nationwide lockdown ordered by authorities to fight the pandemic, the transport ministry said on Monday. (*) The car group is considering asking a state-backed guaranteed credit line worth some 6 billion euros, Il Fatto Quotidiano reported, although the request has still not been filed. Asked for comment by the newspaper, Fca declined to comment.

CNH INDUSTRIAL

The vehicle and equipment maker said on Tuesday it preogressively resumed its manufacturing operations and plans to return to full operation at most sites by the end of month.

TELECOM ITALIA (TIM)

U.S. hedge fund Elliott Management, which in March further cut its stake in TIM, could decide to “reconsider its investment” in Italy’s biggest phone group should the project to create a single broadband network company fail, newspaper La Stampa reported, citing sources close to the fund.

INTESA SANPAOLO

Board meeting on Q1 results, followed by conference call (1300 GMT)

CAMPARI

Board meeting on Q1 results, followed by conference call (1100 GMT)

LEONARDO

The Italian defence group said on Monday it had won a contract worth around 5 million euros to provide Identification Friend/Foe (IFF) equipment for four platforms operated by Japan’s ground self-defence forces.

SALINI IMPREGILO

Shareholders in Italy’s biggest construction group, which is renaming itself Webuild, on Monday approved paying a dividend on 2019 results of 0.03 euros per ordinary share and 0.26 euros per savings share.

FERRARI

The luxury sports car maker still expects to make more than $1 billion in core profit this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis.

CREDEM

S&P Global said on Monday Credem’s potential acquisition of CariCento could improve the group’s product factories’ capacity and enhance its economies of scale.

NEXI

Annual general meeting (0800 GMT)

UNICREDIT

Board meeting on Q1 results (press release on May 6)

RISANAMENTO

The construction company said on Monday it reported a net loss in the first three months of 5.9 million euros compared with a loss of 5 million euros the same time last year. It said net debt was about 461.4 million euros from 455.4 million euros in December.

DIARY

Foreign Press Association holds Facebook streaming with Lombardy Region’s top health official Giulio Gallera (0930 GMT)

Rome, Chamber of Deputies continues discussion on “COVID-19” law decree (1400 GMT)

Rome, special commissioner for the coronavirus emergency Domenico Arcuri speaks on the Immuni mobile app before the Chamber of Deputies’ Transport Committee (1715 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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