November 2, 2018 / 5:01 AM / 13 days ago

Italy - Factors to watch on Nov. 2

The following factors could affect Italian markets on Friday.

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

The Italian government shares with the European Commission the goal of ensuring stable public finances and protection of domestic savings, the prime minister’s office said on Thursday. (*) The European Commission will launch a procedure for excessive debt against Italy, La Repubblica reported, adding Brussels sees the country’s budget deficit rising to nearly 3 percent.

ECONOMY

Markit/ADACI releases October PMI manufacturing (0845 GMT).

October state sector borrowing requirement data.

COMPANIES

Bourse After Hours market closed

INTESA SANPAOLO, UNICREDIT, BANCO BPM , UBI BANCA, BANCA CARIGE

At 1700 GMT the European Banking Authority publishes the results of its biennial stress test of top banks to check if they hold enough capital to withstand major market shocks without needing public help. (*) All the four Italian banks in the European Banking Authority’s sample have successfully passed the stress tests, several newspapers said. (*) Banca Carige, which was included in the European Central Bank’s stress tests for six smaller Italian lenders, emerged as a “fragile”, Il Sole 24 Ore reported, adding the bank’s CET 1 ratio fell under 5.5 percent in the adverse scenario.

(*) LEONARDO

The government has given its green light to the acquisition of Vitrociset by defense group Leonardo, Il Sole 24 Ore reported citing government sources.

(*) MONDADORI

The Italian publisher will sign a deal to sell its French business to ReWorld Media for around 70-80 million euros, Il Sole 24 Ore reported.

(*) ALITALIA

The carrier’s special administrators will have 10 days to take a decision on the offers to acquire Alitalia, Il Sole 24 Ore said, adding the government will likely postpone a December 15 deadline for the expiry of a bridge loan granted to the carrier.

FIAT CHRYSLER AUTOMOBILES

Transport Ministry releases October car sales data (1700 GMT)

M&C

Ordinary and extraordinary shareholders’ meetings (0900 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:...............................

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below