September 10, 2019 / 4:02 AM / 8 days ago

Italy - Factors to watch on Sept. 10

MILANO, Sept 10 (Reuters) - 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 .

POLITICS

Italy’s prime minister said on Monday his new coalition combining the anti-establishment 5-Star Movement and the pro-Europe Democratic Party would usher in a wave of reforms and avoid the rows that stymied his old government.

Italy’s new ruling coalition intends to stick with the citizen’s income scheme introduced by the previous government, Prime Minister Giuseppe Conte said on Monday.

Prime Minister Giuseppe Conte, who won the obligatory vote of confidence in the lower house on Monday, faces another such motion in the upper house Senate on Tuesday.

ECONOMY

ISTAT releases industrial output July data (0800 GMT).

Bank of Italy releases July data on bank lending and domestic government bond holdings at Italy-based banks.

ATLANTIA

Luigi Di Maio, leader of the 5-Star Movement which is part of the new ruling coalition, said in a tweet on Monday his party had clear ideas including “revoking motorway concessions”.

TELECOM ITALIA

Italy’s biggest phone group signed a strategic agreement as a Portfolio License Agreement customer with Broadcom

(*) LEONARDO

The Italian aerospace company is interested in joining the British “Tempest” sixth-generation fighter program, Il Sole 24 Ore said.

(*) MEDIASET

Mediaset Espana said on Monday its shareholders had approved the merger with its Italian parent company in a Dutch holding company. Only 18.4% voted against the resolution. Should they all decide to exercise the withdrawal rights and cash out, Mediaset would face a potential outlay of about 390 million euros, according to Reuters calculations.

ENI

Egyptian petroleum minister Tarek El Molla said on Monday Egypt’s Damietta liquefied natural gas plant would restart operations as planned before the end of the year. Eni has a jv stake in the plant.

(*) NEXI

The previous Italian ruling coalition was in favour of a merger between the Italian payment group and smaller peer SIA, controlled by state lender Cassa Depositi e Prestiti, and aimed to push the deal in Autumn, MF said on Tuesday.

(*) DAVIDE CAMPARI

Bernstein raised its recommendantion on the stock to ‘market perform’ from ‘underperform’.

BANCA POPOLARE DI SONDRIO

Amber Capital raised its stake in the Italian lender to 6.27% from 5%, according to a filing from watchdog Consob.

PIAGGIO

The head of Administration & Reporting Alessandra Simonotto will take on the role of Chief Financial Officer, starting from October 1, the scooter manufacturer said on Monday.

TECHNOGYM

Board meetings on H1 results.

(*) ALITALIA (not listed)

The board of Italian railway group Ferrovie dello Stato could mandate Chief Executive Gianfranco Battisti to ask the government for a delay of Sept. 15 deadline for presenting the rescue plan of Alitalia, Il Messaggero said on Tuesday.

DIARY

Milan, Assogestioni releases July asset management flows data.

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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