Italy - Factors to watch on August 20

Tue Aug 20, 2013 2:50am EDT

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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 (*).

ITALY POLITICS AND MARKETS

Italian shares led European bourses lower on Monday as reports of a rift opening up in Rome's coalition government triggered some profit taking on the region's best-performing index in the past month.

Silvio Berlusconi, convicted for tax fraud earlier this month, said in a Facebook message he is and will continue to be the leader of Italy's centre-right party. Italy's Senate could decide in September to expel him.

COMPANIES

Bourse after-hours trading closed.

BANCA MONTE DEI PASCHI DI SIENA

Several Italian newspaper say former European Central Bank board member Lorenzo Bini Smaghi is a candidate to become chairman of the banking foundation that is the biggest shareholder in Banca Monte dei Paschi di Siena.

* FIAT

Italian carmaker Fiat said on Tuesday it had renewed a commercial cooperation agreement with Brazilian bank Itau Unibanco to support its sales operations in Brazil, one of the company's biggest markets outside Italy.

Italy Industry Minister saked Fiat on Monday to hike its investments in Italy.

*TELECOM ITALIA

The EU Commission says that the investigation of Italian telecoms watchdog AGCOM into the planned spinoff of the fixed-line network of Telecom Italia could take up to 2015, Il Sole 24 Ore said, citing an EU letter.

CARIGE

The mid-tier lender said on Monday its shareholders would meet on Sept. 30 to appoint a new board after a majority of its directors resigned this month.

UBI BANCA

The Italian bank said it had agreed to sell its Swiss unit Banque de Depots et de Gestion SA to Geneva-based Banque Cramer & Cie SA as it strives to streamline its structure and dispose of non-strategic assets.

ITALCEMENTI

Moody's downgraded on Monday the Italian cement maker's rating to 'Ba3' and said it was concerned by its earnings concentration in four countries including Egypt, which is enduring a bloody internal conflict.

CREDITO VALTELLINESE

The mid-tier lender expects a modest turnaround in the battered Italian economy only from next year and sees a continued negative impact on banks' operating margins from worsening credit risk, it said in a company document on Monday.

ASR.MI

The Italian Serie A team said on Monday it had bought Ivory Coast striker Gervinho from Arsenal for 8 million euros ($10.68 million).

For more details on today's events please see the full agenda in Italian.

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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