August 5, 2019 / 4:00 AM / a month ago

Italy - Factors to watch on Aug. 5

The following factors could affect Italian markets on Monday.

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

Rome, Senate starts examination of security decree (1000 GMT); vote of confidence expected.

(*) Economy Minister Giovanni Tria intends to lower the budget deficit below 1.8% of gross domestic product next year, la Repubblica reported on Monday. The paper said Tria was looking to cut tax expenditures and an 80 euro monthly subsidy for the poor introduced by the centre-left government of Matteo Renzi to offset a scheduled increase in the VAT tax and finance tax cuts.

ECONOMY

IHS Markit releases July services PMI data (0745 GMT).

ISTAT releases July bulletin on the state of the economy (0800 GMT)

COMPANIES

Bourse After Hours market closed.

FIAT CHRYSLER

(*) Chief Executive Mike Manley has a message for Renault and other would-be partners: We are happy to talk, but we can go it alone.

FCA is open to re-starting merger negotiations with French automaker Renault, Manley said, but added the French car maker is not the only potential partner to gain scale or plug gaps in FCA’s technology or vehicle lineup.

Carmakers Nissan and Renault are trying to reach a deal to reshape their global alliance, in hopes of reviving Renault’s merger talks with Italy’s Fiat Chrysler, the Wall Street Journal reported on Friday.

SALINI IMPREGILO, ASTALDI

Italy’s largest builder, Salini Impregilo, has secured financial backing to create a national construction champion, a plan backed by the government and which would include the group’s proposed takeover of troubled rival Astaldi.

ENEL

An Italian court has rejected Enel’s plea to suspend 93 mln euros fine, a court document showed on Friday.

Enel said it reserved the right to appeal against the decision of the court, adding it denied any wrongdoing.

BANCA IFIS

The Italian bank and bad debt specialist said on Friday it was in exclusive talks to sell some of its operations to rival Credito Fondiario, in a deal that would create a leading player in the soured loans market.

SAFILO

The Italian eyewear maker booked a charge of 227 million euros ($252 million) in its half-year net results, due to a goodwill writedown after France’s LVMH decided to end its Dior license after 2020, it said on Friday.

(*) RCS

The Italian publisher’s Chairman and top shareholder, Urbano Cairo, told Corriere della Sera on Monday he did not intend to sell the media group after a successful turnaround when asked about his plans for the next three years.

(*) FINCANTIERI

The Italian shipbuilder said on Sunday it had delivered, within the partnership with Lockheed Martin, the ship ‘Indianapolis’ to the US Navy.

(*) BIO.ON

The Italian bio-plastics group said on Monday it had filed a complaint with prosecutors in Bologna on Aug. 1 over a video and a report published by U.S. hedge fund Quintessential Capital Management.

(*) JUVENTUS

Premier League side Everton have signed 19-year-old striker Moise Kean from Italian champions Juventus on a five-year deal, the clubs said on Sunday.

Juventus said the transfer fee agreed for the Italy international was 27.5 million euros ($30.54 million), payable in three financial years, with a further 2.5 million euros to be added if certain conditions were met.

FINECOBANK

Board meeting on H1 results.

TRAWELL CO

Trades ex-dividend by assignment of 7 SosTravel shares for each TraWell CO share owned.

DIARY

Milan, Italian railways Ferrovie dello Stato presents upgrading works at Rogoredo station with CEO Gianfranco Battisti, Deputy Prime Minister and Interior Minister Matteo Salvini, Infrastructure and Transport Minister Danilo Toninelli (0900 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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