July 3, 2019 / 4:03 AM / 14 days ago

Italy - Factors to watch on July 3

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

Italian officials said on Tuesday a lower-than-expected budget deficit this year meant it complied with European Union fiscal rules and they expected the bloc’s executive Commission to drop a threat of disciplinary action over Rome’s public accounts.

Prime Minister Giuseppe Conte said on Tuesday Italy would receive the influential competition portfolio in the next European Commission, adding that he also hoped to obtain a post on the next ECB board for his nation.

ECONOMY

IHS Markit releases June service Pmi data (0745 GMT).

COMPANIES (*) BANCA CARIGE, BPER, UNIPOL

Banca Carige must be taken over by another lender, but conditions are not in place for BPER to get involved now, the CEO of Unipol group, which is the top shareholder in BPER, told Il Sole 24 Ore on Wednesday.

(*) SALINI IMPREGILO

The creation of an Italian construction hub involving Salini Impregilo is nearly complete, Il Corriere della Sera and MF reported. Il Corriere said Salini Impregilo will launch a 600-million-euro capital increase to set up a national champion in the sector.

ATLANTIA

Experts appointed by the Italian transport ministry say it might be best for the government to settle a dispute with the Italian infrastructure group over its motorway concession, a draft report showed on Tuesday.

MEDIASET

The Italian broadcaster said on Tuesday that hostile shareholder Vivendi SA demanded a new extraordinary shareholders’ meeting to revoke resolutions approved in April, a move that could pave the way to another chapter in a legal dispute between the two companies.

SAIPEM

The Italian oil contractor is stepping up efforts to find a partner for its drilling business by moving a top manager to head the business, a source with knowledge of the matter said on Tuesday.

AZIMUT HOLDING

News conference with Chairman Pietro Giuliani (0930 GMT).

DIARY

Rome, Deputy Prime Minister and Industry Minister Luigi Di Maio chairs meeting with trade unions on Alitalia (1300 GMT).

Rome, trade unions meet with Prime Minister Giuseppe Conte (1530 GMT).

Rome, Leonardo representative speak before parliamentary committee for security COPASIR (1230 GMT).

Naples, Prime Minister Giuseppe Conte and Cabinet Undersecretary Giancarlo Giorgetti attend “XXX Universiade” opening ceremony (1900 GMT).

Milan, advertising association UPA holds annual news conference with President Lorenzo Sassoli de Bianchi (0715 GMT).

Milan, Unquote holds annual “Italian Private Equity Forum 2019” (0715 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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