January 9, 2019 / 5:04 AM / in 13 days

Italy - Factors to watch on Jan. 9

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

Rome, Chamber of Deputies and Senate reconvenes.

ECONOMY

ISTAT releases November unemployment data (0900 GMT).

COMPANIES

BANCA CARIGE (*) Italy’s support for Banca Carige was needed to avoid the worsening of a bank run that had already started at the ailing lender, an official at the ruling League party told newspaper La Repubblica on Wednesday.

Claudio Borghi, who is the economics spokesman for the right-wing party, also said on Twitter that a merger between state-controlled lender Monte dei Paschi di Siena and Banca Carige was an option. (*) Italy’s FITD depositor protection fund on Wednesday will likely reject a request by Banca Carige to change the terms of a hybrid bond the troubled bank sold to the fund to raise second-tier capital, Il Messaggero said. (*) Italy’s Banca Carige will raise up to 3 billion euros ($3.43 billion) in debt using a state guarantee after Rome approved emergency measures to shore up the ailing bank, marking a major about-face by the ruling coalition.

The Italian government’s intervention to support troubled lender Carige is a temporary measure, Prime Minister Giuseppe Conte said on Tuesday, adding he expected the bank to recover and seek a merger with a rival.

Special commissioners Pietro Modiano and Fabio Innocenzi and Liguria Region Giovanni Toti hold news conference to present partnership with particular reference to the ‘Treasury Service’ in Genova (1100 GMT).

(*) ASTALDI

An Italian court gave permission to the builder to take out a 75 million euro loan from alternative lender Fortress in a race to stay afloat, a source close to the matter said on Wednesday.

FINCANTIERI

Italian Deputy Prime Minister Matteo Salvini attacked France and Germany on Tuesday over their role in a European Union investigation into a planned merger involving Italian shipbuilder Fincantieri

The European Antitrust authority said in a statement that France and Germany had asked it to investigate the tie-up between the two shipbuilders to see whether the transaction could significantly harm competition.

ENEL, ACEA

Italian Antitrust authority said on Tuesday it had imposed fines worth around 93 million euros and 16 million euros respectively on Enel and Acea for abusive and exclusionary conducts against competitors.

In a statement on Tuesday, Enel said it would challenge the Antitrust decision in court, adding it believed to have always acted correctly.

Acea said it had acted correctly, adding it would consider moves to protect itself.

FIAT CHRYSLER (*) Fiat Chrysler Automobiles NV is nearing a settlement to resolve the U.S. Justice Department’s allegations that the Italian-American automaker used illegal software to allow 104,000 U.S. diesel vehicles to pollute beyond legal limits, a person briefed on the matter said on Tuesday.

Fiat Chrysler said on Tuesday it had appointed Carl Smiley as Chief Purchasing & Supply Chain Officer.

Sales and production of Brazilian automobiles grew last year, cementing the industry’s recovery from a deep recession despite the sector’s sluggish performance in the final months of 2018, the national automakers’ association said on Tuesday.

TELECOM ITALIA

Tim said on Tuesday it had issued a 1.25 billion euro fixed-rate bond that was offered to institutional investors, financing itself at 4.125 percent, below its average cost of debt.

ATLANTIA

French motorway operator Sanef said on Tuesday it was working on proposals to cushion the impact on drivers of a planned hike in toll charges, following a government request as nationwide protests over high living costs continue.

AEROPORTO DI BOLOGNA

Aeroporto di Bologna said on Tuesday passengers in December rose 7.8 percent year-on-year.

EDILIZIACROBATICA

Ordinary shareholders’ meeting (1030 GMT).

DIARY

Rome, Cabinet Undersecretary Giancarlo Giorgietti attends news conference to present events planned for the ‘2019 Day of Memory’ (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:...............................

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