January 31, 2019 / 5:04 AM / in 6 months

Italy - Factors to watch on Jan. 31

MILANO, Jan 31 (Reuters) - The following factors could affect Italian markets on Thursday.

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 December unemployment data (0900 GMT); preliminary Q4 GDP data (1000 GMT); Q4 wage inflation data (1100 GMT).

Italian Prime Minister Giuseppe Conte said the economy probably contracted at the end of last year for the second straight quarter, due mainly to external factors, pointing to a possible “technical recession” for the country.

Reuters releases January asset allocation poll (1200 GMT).

(*) TELECOM ITALIA

Telecom Italia and Vodafone are in advanced discussions to sign an accord to share sites and costs of installing 5G antennas, Italian daily Il Messaggero reported on Thursday, adding the accord could be a first step towards the two telecoms groups merging their transmission towers

CEO Luigi Gubitosi told Corriere della Sera on Thursday that TIM was open to discussing a possible combination of its fixed-line network with fibre-optic group Open Fiber.

UNICREDIT

A major shareholder of UniCredit rowed back on comments by its chairman that the CEO of Italy’s biggest bank by assets was looking at international mergers.

CERVED GROUP

The Italian credit management group said on Thursday it had signed an accord to acquire Eurobank Property Services in Greece and its two subsidiaries in Romania and Serbia from Eurobank and also to become the Greek lender’s main real estate servicer for the next five years.

MONTE DEI PASCHI

The bailed-out lender has picked an adviser for the sale of 500 million euros in properties agreed with EU authorities under its restructuring plan to 2021, a source familiar with the matter said.

BANKS

Unlisted Italian mutual bank Popolare di Bari said on Wednesday it planned to boost its capital ratios by mid-2019.

ATLANTIA

Autostrade per l’Italia named Giulinao Mari as new chariman and Roberto Tomasi as new CEO. Both were candidates proposed by the motorway operator parent company Atlantia.

LUXOTTICA

The eyewear-maker said cumulated adjusted operating income was 5.7 billion euros in 2015-2018, based on management’s estimate for last year. Cumulated revenues over the same period were 36 billion euros, Luxottica added.

SAFILO

Italian eyewear-maker missed its full-year sales target for 2018 despite an upturn in fourth quarter revenues but sees core profit at the higher end of its range.

FERRARI NV

Board meeting on FY results, followed by conference call (1430 GMT).

EMAK

Board meeting on preliminary FY results.

TPS

Ordinary shareholders’ meeting (0900 GMT).

DIARY

Naples, Chamber of Deputies Speaker Roberto Fico attends conference on “Nature and wellness in the contemporary public spaces project” (1000 GMT).

Rome, Chamber of Deputies Finance Committee meets on urgent measures for supporting Banca Carige.

Rome, Chamber of Deputies Labor Committee meets on changes to the legislative decree on INPS and INAIL institutes (0830 GMT).

Rome, Prime Minister Giuseppe Conte gives speech at Cattolica University inauguration ceremony of the new academic year (1000 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:............................... (Reporting By Viviana Venturi)

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