August 28, 2019 / 4:03 AM / 2 months ago

Italy - Factors to watch on Aug. 28

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 two parties trying to form a new Italian government appeared close to a coalition deal on Tuesday, cheering financial markets as well as U.S. President Donald Trump, who said he hoped Giuseppe Conte would be reinstated as prime minister. Late on Tuesday, a PD source said talks were still at risk of failure over the post of deputy prime minister, saying 5-Star leader Luigi Di Maio was insisting on retaining that role in a new coalition despite strong opposition to this from the PD.

Rome, Italian President Sergio Mattarella ends consultations with parties.

ECONOMY

ISTAT releases August consumer and business confidence data (0800 GMT).

DEBT

Treasury sells 6.0 billion euros new 6-month BOT bills. Subscriptions close at 0900 GMT.

COMPANIES

Bourse After Hours market closed.

(*) BANCA CARIGE (shares suspended from trading)

European Competition Commissioner Margrethe Vestager asked for information to Italy’s Treasury ministry and depositor protection fund FITD about the FITD-led rescue plan for the troubled bank to assess whether it may infringe EU rules on state aid, daily Il Corriere della Sera said on Wednesday.

MEDIASET

A court hearing on a petition filed by France’s Vivendi against Mediaset to preserve its right to vote against the Italian broadcaster’s plan to create a pan-European media business is set for August 29, a source said on Tuesday.

(*) SALINI IMPREGILO, ASTALDI

Mobilinx, a consortium where Italian builders Salini Impregilo and Astaldi own a stake of around 30%, has won a contract worth 1.4 billion euros in Canada, daily Il Sole 24 Ore said.

(*) TREVI FINANZIARIA

Shareholder Cassa Depositi e Prestiti has chosen Luca D’Agnese as a new chairman for the Italian engineering group, as part of a turnaround agreement between top shareholder Trevisani family, and the Italian state lender, Il Sole 24 Ore said.

BRUNELLO CUCINELLI

Board meeting on H1 results (preliminary H1 results on July 11), followed by conference call (1600 GMT).

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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