August 14, 2019 / 6:53 AM / 7 days ago

Italy - Factors to watch on Aug. 14

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 (*).

For a complete list of diary events in Italy please click on .

POLITICS

The Italian Senate on Tuesday postponed till next week further debate on an ongoing government crisis, frustrating a push by Matteo Salvini, leader of the far-right League party, for new elections.

Italy’s Deputy Prime Minister Matteo Salvini said on Wednesday the citizen’s income scheme introduced earlier this year would need reviewing if the League won elections.

ECONOMY

Bank of Italy releases June data on public finances, state borrowing and debt.

SALINI IMPREGILO

Italy’s biggest builder said Citigroup Global Markets Limited and Merrill Lynch International had been appointed joint global coordinators and joint bookrunners for the institutional offer in the capital increase to fund the Progetto Italia plan to create a national construction champion.

(*) ATLANTIA

The chairman of Atlantia and its Italian motorway unit ASPI told La Stampa the group had invested more in motorway maintenance than it was obliged to do by regulations. He said the group was waiting for the go ahead from the government to kick off work on the Gronda project in Genoa which is worth more than 4 billion euros in 10 years.

(*) BPER

The bank is looking for an Italian partner for asset management company Arca which it controls with Popolare di Sondrio, MF said. It is ready to be a minority partner and a possible partner could be Anima Holding, the paper said.

(*) TOD’S

Broker Jefferies says the issue at Italian luxury group Tod’s is not that it risks losing its devoted customers but rather that it is unable to attract new ones.

(*) ALITALIA

The aim of the groups involved in a plan to rescue Alitalia, including US carrier Delta, are determined to press ahead and respect the timeframe of their operation despite the government crisis, Il Messaggero said. A meeting in the U.S. at the end of the month will be crucial, the paper said.

Bourse After Hours market closed.

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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