June 11, 2020 / 4:03 AM / a month ago

Italy - Factors to watch on June 11

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 .

POLITICS

Prime Minister Giuseppe Conte said he will be questioned by prosecutors on Friday over the way the coronavirus outbreak was handled in the northern Italian city of Bergamo, one of the areas most badly affected by the epidemic.

ECONOMY

ISTAT releases April industrial output (0800 GMT) and January-March Italian regional export data (0900 GMT).

DEBT

Treasury sells 4.5-5.0 billion euros new 0.30% BTP bonds due Aug. 15, 2023; 2.0-2.5 billion euros 0.85% BTP bonds due Jan. 15, 2027; 1.5-2.0 billion euros 1.45% BTP bonds due March 1, 2036. Subscriptions close at 0900 GMT.

ATLANTIA

Infrastructure funds F2i and Macquarie are jostling for position over an investment in Italy’s Autostrade as pressure mounts on Benetton-backed Atlantia to loosen its grip on the motorway group to end a standoff over its concession, two sources said.

Atlantia said on Wednesday its Italy motorway traffic was down 30% y/y last week.

The group’s board meets on Thursday on Q1 results

FIAT CHRYSLER

Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned $50 billion merger, people familiar with the matter said on Wednesday.

ASSICURAZIONI GENERALI

The insurer is to explore options for its Swiss insurance business, Bloomberg reported on Wednesday.

BANCA CARIGE

The bank said the new SREP requirements the ECB had set it for 2020 reflected de-risking measures it had taken by reducing its Pillar 2 requirement by 50 basis points. It said the Common Equity Tier 1 requirement was 9.75% while the Total SREP Capital Requirement was 10.75%. The Overall Capital Requirement requested was 13.25%.

ENEL

Enel said its board had authorised the issue of hybrid bonds for up to 1.5 billion euros.

INTESA SANPAOLO

Italy’s biggest retail bank said on Wednesday it had so far granted more than 100,000 loans fully guaranteed by the state each worth up to 25,000 euros.

(*) INTESA SANPAOLO, BPER BANCA, UBI BANCA

Intesa could sell an additional 50-100 branches to BPER to win antitrust approval for its bid for UBI, Corriere della Sera reported.

The board of BPER meets on Thursday to discuss the accord with Intesa.

Intesa is confident it can overcome objections raised so far by Italy’s antitrust authority to its proposed takeover bid for rival UBI, a top executive at the Italian lender was quoted as saying on Thursday.

FINCANTIERI

Italy has yet to approve the sale to Egypt of two warships made by shipbuilder Fincantieri, as the government weighs political considerations and analyses the deal, Italy’s foreign minister said on Wednesday.

SNAM

Snam launched on Wednesday its first Transition Bond for 500 million euros.

(*) CEO Marco Alvera told Il Messaggero the group would be able to invest an extra 1 billion euros under its plan through 2023, which envisages 6.5 billion euros in investments, thanks to a streamlining of approval processes. He added there was room to do more especially in connection with energy transition and sustainable mobility.

(*) JUVENTUS, LAZIO, AS ROMA

Italian private equity fund FSI is considering buying a minority stake in a vehicle holding TV broadcasting rights for Serie A football matches for 10 years from 2021 in which CVC could invest 2.2 billion euros, Il Sole 24 Ore reported.

(*) ITALGAS

The company expects to report revenues of more than 1.3 billion euros this year and core earnings (EBITDA) of between 960-980 million euros, it said in a statement after examining ongoing performance and the impact of the coronavirus emergency on its business.

MONCLER

Annual and extraordinary shareholders’ meetings (0830 GMT)

(*) BANKS

The European Commission could give as early as Thursday a green light to the rescue of Popolare di Bari, Il Sole 24 Ore reported.

DIARY

Rome, Bank of Italy Head of Banking and Financial Supervision Department Paolo Angelini speaks before Chamber of Deputies Parliamentary banking committee (0615 GMT).

Rome, Transport Minister Paola De Micheli and Industry Minister Stefano Patuanelli speak before Chamber of Deputies Transport Committee on air transport (1330 GMT).

Luiss University holds FB live streaming on “Sustainability in the pandemic” with Enel CEO Francesco Starace (1600 GMT).

Luiss University holds webinar on “Capital, infrastructure, simplification: how to relaunch the post-COVID economy” with Italo Vice President Flavio Cattaneo (1630 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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