December 11, 2019 / 5:02 AM / 2 months ago

Italy - Factors to watch on Dec. 11

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 .

ECONOMY

ISTAT releases January-September Italian regional export data (0900 GMT).

DEBT

Treasury sells 6.0 billion euros 12-month BOT bills. Subscriptions close at 1000 GMT.

SAFILO GROUP

The eyewear maker will cut 700 jobs in Italy next year, or more than 10% of its global workforce, as it tries to boost profitability amid sluggish sales, it said on Tuesday.

Conference call to present the new business plan 2020-2024 (0730 GMT).

(*) BANCO BPM

The Italian retail bank said it was well above the minimum requirement under the European Central Bank’s Supervisory Review and Evaluation Process for a 9.505% fully loaded common equity tier one ratio for 2020. As of September, the bank said its common equity tier 1 ratio was at 12.06% on fully loaded terms.

ATLANTIA

Standard & Poor’s put ratings of Italian infrastructure group and its motorway unit Autostrade per l’Italia on Negative Credit Watch due to “perceived ongoing uncertainty regarding the Autostrade per l’Italia’s concession”, the agency said on Tuesday.

(*) The German insurer Allianz has written down the value of its indirect stake of 6.94% in Autostrade per l’Italia, Il Sole 24 Ore said, valuing the stake at 866 million euros, down 150 million euros from two years ago.

(*) BANKS

Speculation growing that the unlisted cooperative bank Popolare di Bari could be forced into temporary special administration as the rescue plan financed by other lenders is still up in the air, according to the daily Repubblica

ENEL

Moody’s assigned “Baa2” issuer rating to Spanish energy group Endesa, controlled by Italian utility Enel.

(*) INWIT

Telecom Italia and Vodafone have launched the sale process of a 25% stake in the new group created by the merger of the mast group controlled by Telecom Italia and Vodafone’s Italian towers and have hired Goldman Sachs, Bofa Merrill Lynch, Banca Imi and Ubs, Il Messaggero said.

DIARY

Rome, Prime Minister Giuseppe Conte speaks before Chamber of Deputies (0830 GMT) and Senate (1430 GMT) ahead of European Council to be held on Dec. 12-13.

Rome, Foreign Affairs Minister Luigi Di Maio speaks before Senate (0730 GMT).

Rome, Chamber of Deputies Transport Committee meets on urgent measures for Alitalia.

Rome, FCA Group officials due to speak before Chamber of Deputies Labor Committee (1415 and 1440 GMT).

Rome, conference on “Grow in the South: the role of banks and economic policies for the growth of Italy” with Banca Popolare di Bari Chairman Gianvito Giannelli, Bank of Italy Director General Fabio Panetta; Minister for the South Giuseppe Provenzano delivers closing address (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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