July 16, 2013 / 6:41 AM / 4 years ago

Italy - Factors to watch on July 16

The following factors could affect Italian markets on Tuesday.

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

POLITICS

Italy’s main opposition parties called on Monday for the resignation of the deputy head of Italy’s fragile ruling coalition over the expulsion of the wife and daughter of dissident Kazakh oligarch Mukhtar Ablyazov.

Italian Prime Minister Enrico Letta demanded the opposition Northern League party take action after “shameful” racist comments by its members about Italy’s first black minister.

COMPANIES

TELECOM ITALIA

The Italian phone company said on Monday it wanted to secure favorable regulatory conditions before taking any steps forward in its plan to spin off its fixed-line network after the local regulator cut tariffs its rivals pay to access the grid.

Company’s Chairman Franco Bernabe is expected to speak before Chamber of Deputies on Tuesday.

MONTE DEI PASCHI DI SIENA

The top shareholder in Italy’s third biggest lender will back changing ownership rules at the bank at a meeting this week to lure new investors, it said on Monday.

The Bank’s CEO Fabrizio Viola is due to attend on Tuesday a presentation of first fund to invest in mini-bond on the Italian market.

UNICREDIT

Rating agency Moody’s said on Monday it affirmed UniCredit’s Baa2/P-2 rating.

SALINI-IMPREGILO

The Italian builder said on Monday it won contracts worth a total of 770 million euros ($1 billion) in Latin America, Asia and Africa.

INDESIT

Industry Ministry holds meeting with Indesit top management and trade unions on Tuesday.

*RCS

A capital increase to raise 420.8 million euros ($549.04 million) by Italian publisher RCS Mediagroup closes on Tuesday.

TERNA

Italian grid operator Terna will contribute 400 million euros to a 1.4 billion euro investment in a new electrical interconnector between Italy and France, the company said on Monday.

*CAR REGISTRATIONS

European car registrations dropped 6.3 percent to 1,175,363 million cars in June from 1,254,022 million a year ago, according to industry figures on Tuesday.

ECONOMY

Bank of Italy releases May data on public finance, state borrowing and debt on Tuesday.

National statistics institute ISTAT releases May foreign trade data.

For more details on today’s events please see the full agenda in Italian.

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:............................... ($1 = 0.7664 euros)

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