October 8, 2019 / 4:04 AM / 8 days ago

Italy - Factors to watch on Oct. 8

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 .

ECONOMY

ISTAT releases August retail sales data (0800 GMT).

OECD releases August composite leading indicator (1000 GMT).

DEBT

Treasury announces sale of BTP bonds, with relative amounts to be auctioned on Oct. 11.

TELECOM ITALIA (TIM)

America Movil is not in negotiations with Telefonica and Telecom Italia about making a joint bid for OI assets, a spokesman for the Mexican telecommunications firm said on Monday.

The antitrust said on Monday it had granted an extension for the conclusion of a probe into alleged market abuse by TIM over fiber optic rollout and wholesale pricing to 28 February next year.

(*) The board of the phone group scheduled for October 21 could not appoint Massimo Tononi as new Chairman, Il Sole 24 Ore said on Tuesday, adding that the appointment is linked to the single nationwide fiber network plan.

(*) UNICREDIT

DoValue, Credito Fondiario, Dea Capital Alternative Funds, Prelios, Intrum and other foreign institutional investors expressed interest in a 1 billion euro portfolio of unlikely-to-pay loans of the Italian lender, Il Messaggero wrote on Tuesday, adding that doValue and Dea are the front-runners and the price is seen at 35-40% of the nominal value of the portfolio. Some of the bidders expressed interest in a portfolio twice that size, the daily said.

(*) BANCO BPM, UBI BANCA

The two Italian lenders are considering postponing the presentation of their new industrial plans from late 2019 to early 2020, maybe in February, Il Sole 24 Ore wrote on Tuesday. The two banks want to present sustainable plans based on macroeconomic assumptions that are as stable as possible, the daily added.

(*) MEDIOBANCA

The market regulator Consob has asked Leonardo Del Vecchio for information about his investment in Mediobanca, Il Sole 24 Ore wrote on Tuesday.

FIAT CHRYSLER

The Industry ministry said it had called a meeting on Oct. 18 to relaunch the car sector which it said was strategic for the country.

EXOR

Exor priced 300 million euros notes due to 14 October 2034 at 99.725% with a fixed annual coupon of 1.75%, the holding company of the Agnelli family said in a statement on Monday.

(*) LEONARDO

JPMorgan cut the December 2020 price target on the stock to 11.5 euros from 12 euros.

(*) MONCLER

Hsbc cut the target price on the stock to 42 euros from 43 euros.

MEDIASET

Starts offering shares from withdrawal rights’ exercise; ends on Nov. 6.

IREN

The utility said it had concluded the issue of its third Green Bond for an overall amount of 500 million euros.

(*) AVIO

The Italian company said on Tuesday it has signed the order contract for the start of the production of the first batch of 14 Ariane 6 launchers.

(*) AUTOGRILL

Hsbc raised target price on the stock to 11.5 euros from 11 euros.

(*) ALITALIA (not listed)

Treasury ministry is working on a new loan at least of 250 million euros for the Italian troubled carrier, Il Corriere della Sera wrote on Tuesday, adding that there are still differences between Ferrovie dello Stato and Atlantia about some details of the rescue plan.

The mayor of Fiumicino, Esterino Montino, will announce to the union representatives tomorrow the name of a new investor for Alitalia.

DIARY

Rome, Prime Minister Giuseppe Conte receives European Council President Charles Michel (1800 GMT).

Rome, Prime Minister Giuseppe Conte attends oath-taking ceremony for new employees of the Security Information System of the Republic of Italy (DIS) (0730 GMT).

Rome, Economy Minister Roberto Gualtieri due to speak before Senate and Chamber of Deputies’ joint finance committees (1000 GMT).

Rome, ISTAT (0630 GMT), Bank of Italy (0745 GMT), state auditor (0900 GMT) and UPB, the budget parliamentary office (1015 GMT), speak before Senate and Chamber of Deputies Budget committees on NADEF, the Government’s new economic and public finance targets that will underpin its 2020 budget.

Rome, Senate starts discussion on the government’s new economic and fiscal targets that will underpin 2020 budget (to Oct. 10).

Rome, final vote on constitutional reform to cut number of MPs.

Rome, representatives from Telecom Italia (TIM) (0730 GMT), Vodafone (0750 GMT), Wind (0810 GMT), state railways Ferrovie dello Stato (1010 GMT), Defence Ministry Undersecretary Angelo Tofalo (0830 GMT) due to speak before Chamber of Deputies Constitutional Affairs and Transports committees on urgent provisions regarding cyber national security.

Rome, ACEA holds ‘Sustainability Day’ with CEO Stefano Donnarumma, Chairwoman Michaela Castelli, market regultor Consob Commissioner Anna Genovese, environment ARERA President Stefano Besseghini (0730 GMT).

Rome, conference “Make Sustainable & Impactful Strategy Happen” with Banca Monte dei Paschi di Siena CEO Marco Morelli, Snam Chairman Luca Dal Fabbro, fashion group Prada Chairman Carlo Mazzi (0700 GMT).

Milan, Credito Emiliano holds news conference to present strategies and objectives for the coming years of ‘Avvera’ the new consumer credit company of the group (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:...............................

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