Reuters logo
Italy - Factors to watch on January 10
January 10, 2014 / 7:11 AM / in 4 years

Italy - Factors to watch on January 10

The following factors could affect Italian markets on Friday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

POLITICS

Cabinet meeting expected.

ECONOMY

Bank of Italy releases November data on bank deposits and November statistics on Italian government bond holdings at Italy-based banks.

DEBT

Treasury sells 8.5 billion euros in 12-month BOT bills. UniCredit analysts said in a note abundant liquidity following large BOT redemptions in December should support demand at Friday’s auction and borrowing costs should be broadly unchanged from a month earlier.

COMPANIES

FIAT

Fiat could use a mandatory convertible bond as a way of financing investments after its $4.35 billion deal to buy the rest of Chrysler, the Italian carmaker’s chief executive said in an interview with Italian newspaper La Repubblica.

Automotive council holds meeting at industry ministry.

BANCA MONTE DEI PASCHI DI SIENA

Rating agency DBRS keeps bank Monte dei Paschi under review with negative implications but says its ability to achieve a 3 billion euro capital increase may be jeopardized due to the uncertain position of senior management, as well as the effective expiry of the underwriting agreement.

Alessandro Profumo and Fabrizio Viola should stay in their respective positions as chairman and CEO at the bank, La Stampa said, adding however a final decision would have to wait till the board meeting called on Jan. 14. The Corriere della Sera said Viola had decided to stay at the bank.

SNAM, TERNA

State lender Cassa Depositi e Prestiti is speeding up the sale of a 49 percent stake in its energy network unit, Il Sole 24 Ore said. Sale of the stake in the unit, holds 30 percent of gas grid Snam and which is expected to own 29.85 percent of power grid Terna soon, could raise more than 3-3.5 billion euros, it said. The aim is to find a buyer before the end of February, it said.

* PIRELLI

Goldman Sachs’ private equity fund would be interested in buying the 26.2 percent stake in the tyremaker owned by the Lauro 61 investment vehicle, la Repubblica said in an unsourced report.

SINTESI

Shareholders’ meeting (1000 GMT).

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......

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:...............................

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below