November 22, 2018 / 5:03 AM / a month ago

Italy - Factors to watch on Nov. 22

The following factors could affect Italian markets on Thursday.

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 Deputy Prime Minister Matteo Salvini said on Wednesday his government should be allowed to get on with its job and was not looking to clash with the European Union over its budget.

Italy’s government will not tax citizens’ savings, Deputy Prime Minister Matteo Salvini said on Wednesday in an interview with Rete4 television.

(*) EU Economics Commissioner Pierre Moscovici told Corriere della Sera daily in an interview that a dialogue with Italy over the country’s next year budget was “imperative.”

(*) Italian President Sergio Mattarella wants Prime Minister Giuseppe Conte to negotiate with EU Commission President Jean Claude Juncker over the country’s budget, la Repubblica daily reported.

ECONOMY

Italian bond yield are not linked to the budget but would fall as soon as European Central Bank chief Mario Draghi says quantitative easing were to continue, the economics spokesman of the ruling League party Claudio Borghi said on Wednesday.

DEBT

Treasury announces sale of CTZ and BTPei bonds, with relative amounts to be auctioned on Nov. 27.

Treasury offers new 4-year ‘BTP Italia’ bond to institutional investors (morning only).

Italy sold 863 million euros ($983 million) of the latest ‘BTP Italia’ inflation-linked bond over three days to retail investors, in stark contrast with purchases worth 4.06 billion euros of a similar bond sold in May.

(*) TELECOM ITALIA

The government’s plan for a single broadband company values assets to be transferred to the new group at 15 billion euros and envisages transferring 30,000 TIM staff to the new entity, Il Messaggero reported.

(*) INTESA SANPAOLO

The Italian bank is in pole position after being shortlisted to buy small Romanian lender Banca Romaneasca from National Bank of Greece, Il Sole 24 Ore reported adding final bids are due by the end of November.

BANKS

Investors have piled up bearish bets on Italian banks in recent weeks, data shows, underscoring the lenders’ dim profit outlook and worries over the euro zone’s third-largest economy as Rome’s showdown with Brussels over its budget escalates.

(*) SALINI IMPREGILO

A Rome court has ruled that the Italian builder is not entitled to 800 million euros in compensation following the government’s decision to drop the construction of the Messina bridge, la Repubblica reported citing the court ruling published on Wednesday.

UNICREDIT

UniCredit investor Fondazione Cariverona believes it is the job of the bank’s management to evaluate options that would create value, a source close to shareholder, which owns 1.8 percent of the lender, said on Wednesday.

TELECOM ITALIA

An Italian administrative court annulled fines on phone operators Telecom Italia, Vodafone, Fastweb and WindTre which had been imposed last year by communications regulator AGCOM over a billing practice.

RCS MEDIAGROUP

RCS Mediagroup contested the sale of real estate assets to Blackstone because it believes the U.S. private equity fund paid too little for them in 2013, a source at the Italian media group said on Wednesday.

ENERTRONICA

Board meeting to approve new industrial plan and then H1 results.

PIQUADRO

Board meeting on H1 results.

PRISMI

Ordinary and extraordinary shareholders’ meetings (1400 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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