The following factors could affect Italian markets on Wednesday.
Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
Italian Prime Minister Mario Monti warned against a slide
into populism on Tuesday as Silvio Berlusconi attacked his
technocrat government, accusing it of failed "Germano-centric"
policies that had dragged Italy into recession.
European Central Bank policymaker Ewald Nowotny urged Italy
on Tuesday to maintain a course of reforms set by Prime Minister
Mario Monti, who said on Saturday he would resign early.
Italy sells 12-month short-term BOT bills maturing on Dec.
13, 2013 on Wednesday.
Italy's economy will not start recovering from recession
until the third quarter of 2013, according to Confindustria on
Tuesday. The country's business lobby sees gross domestic
product falling 1.1 percent in 2013, compared to the
government's forecast of a -0,2 percent drop. The OECD said on
Nov. 27 it sees Italy's GDP shrinking one percent next year.
BANCA MONTE DEI PASCHI DI SIENA
The bank is about to get its hands on 3.9 billion euros of
state aid to strengthen its finances after Rome and Brussels
settled differences over the terms of its rescue.
The decree approved by the government on Thursday modifying
the 3.9 billion euros of state aid the bank will be able to tap
has been published in the official gazzette, Ansa said on
Italian tax police searched the offices of dairy group
Parmalat and its owner, French cheesemaker Lactalis, on Tuesday
as part of an investigation into the Italian group's acquisition
of Lactalis American Groupthis year.
The bank said on Tuesday it would co-opt Giovanni Quaglia,
currently Deputy Vice Chairman of Unicredit shareholder CRT, as
a new board member.
Impregilo, Italy's biggest builder, will likely wait until
March to say how it will distribute 1 billion euros from asset
sales to shareholders, a source close to the matter said.
Italian gas group Snam and regional utility Acegas-APS have
reached an agreement to manage gas distribution activities in
the north east of Italy, the two companies said on Tuesday.