September 25, 2018 / 4:00 AM / 3 months ago

Italy - Factors to watch on Sept. 25

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 July and August non-EU foreign trade data (0800 GMT).

Assogestioni releases August fund flows data.

DEBT

Italy’s Treasury said on Monday it would offer 3.75-5.25 billion euros over three bonds at auction on Thursday.

The Treasury said it would launch a new three-year nominal bond maturing on Oct. 15, 2021 in the last three months of the year.

Treasury sells 1.25-1.75 billion euros CTZ bonds due March 30, 2020 and 0.750-1.0 billion euros BTPei bonds due Sept. 15, 2032.

COMPANIES (*) TELECOM ITALIA

The phone group said after its board meeting on Monday it would continue to analyse opportunities for investments and divesture of non-core assets, but the matter is subject to further discussions.

Among non-core assets the company is considering selling are media unit Persidera and submarine network unit Sparkle. TIM’s Brazilian unit TIM Participacoes SA is also looking into a possible bid for Nextel Brazil, sources familiar with the matter have said. (*) LEONARDO

U.S. Air Force said on Monday it had selected the MH-139, based on the Leonardo AW139 helicopter and offered by Boeing as prime contractor, to replace its fleet of UH-1N “Huey” helicopters. The programme is valued at $2.4 billion for up to 84 helicopters, training devices and associated support equipment.

The group is preparing a management reshuffle with executive Alessio Facondo ready to leave the group soon, Il Sole 24 Ore said.

(*) ATLANTIA

In a decree due to be published in the next few days, the Italian government says that motorway operators will not be allowed to take part in the reconstruction of the Genoa bridge, MF reported.

OIL INDUSTRY

Italian Deputy Prime Minister Luigi Di Maio said on Monday the government’s 2019 budget would scrap tax breaks for oil companies.

TERNA

The Italian power grid company said on Monday it had signed a credit facility linked to sustainability indexes for 900 million euros.

BANKS

The European Banking Authority launched on Monday its fifth annual EU-wide transparency exercise. In December 2018, the EBA will release data over the capital positions, risk and sovereign exposures as well as asset quality of around 130 EU banks.

FIAT CHRYSLER AUTOMOBILES

Moody’s Investors Service on Monday on Monday raised its outlook on the car maker’s debt ratings to “positive” from “stable”, while affirming the ratings, to reflect the continued improvement in FCA’s credit metrics since the last upgrade in March.

FCA is nearing the appointment of Pietro Gorlier, chief operating officer of its components business, as the new head of Europe as part of a broad reorganization that may be announced as early as this week, Bloomberg reported on Monday citing people familiar with the matter.

PININFARINA

The car designer said on Monday Italy’s highest court had rejected an appeal by the tax agency over alleged irregularities in Pininfarina’s VAT payments.

DANIELI & C

Board meeting on FY results.

Board meetings on H1 results: BORGOSESIA (1200 GMT), CDR ADVANCE CAPITAL (1300 GMT), CONAFI PRESTITO , EPS EQUITA PEP SPAC, LU-VE (revenues on sales results on July 24), M&C, PHARMANUTRA, ROSSS, SAFE BAG, SOSTRAVEL.COM.

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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