June 3, 2020 / 4:02 AM / a month ago

Italy - Factors to watch on June 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 .

CORONAVIRUS

Deaths from the COVID-19 epidemic in Italy climbed by 55 on Tuesday, against 60 the day before, the Civil Protection Agency said, while the daily tally of new cases rose to 318 from 178 on Monday.

ECONOMY

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

ISTAT releases April employment rate data (0800 GMT).

DEBT

The Treasury said on Tuesday it had hired banks to manage the sale of a new 10-year benchmark government bond in a syndicated deal. The transaction is expected “to be launched in the near future, subject to market conditions”, it said.

COMPANIES

FTSE share indexes release quarterly revision effective as of June 22.

(*) BANKING SECTOR

It is not clear whether the government will apply the so-called golden power rules to banks selling non performing loans, Il Sole 24 Ore reported, adding that such a move could slow down the deals.

(*) SNAM RETE GAS

A consortium of bidders backed by U.S.-based Global Infrastructure Partners (GIP) and including Italian infrastructure firm Snam is in pole position for a 49% stake in Abu Dhabi National Oil Co’s (ADNOC) natural gas pipeline assets, la Repubblica reported, citing Bloomberg.

(*) ATLANTIA

A new government meeting to discuss the infrastructure group’s toll road concession could be summoned on Wednesday night, Il Messaggero reported.

(*) TELECOM ITALIA, ENEL

Discussions between French telecoms operator Iliad and fibre-optic network group Open Fiber over the entrance of the low-cost phone services provider in the Italian fixed-line market are accelerating, MF reported.

EXOR, GEDI

Exor’s Giano Holding starts full mandatory takeover bid on shares in publisher GEDI Gruppo Editoriale; ends on June 30.

TOD’S

Annual general meeting (0900 GMT).

(*) CARRARO

The group’s chairman Enrico Carraro said he was confident that the group will recover from the negative impact of the coronavirus outbreak, which halted its activities, in the second half of the year, speaking in an interview with Il Sole 24 Ore.

TREVI FINANZIARIA INDUSTRIALE

Italian stock exchange said that as of Wednesday and until further notice orders without a price cap on the on the engineering group’s ordinary shares would not be allowed.

DIARY

Prime Minister Giuseppe Conte speaks in videoconference at presentation of SOER environmental report (0800 GMT).

Prime Minister Conte is also expected to hold a press conference later in the day outlining the government’s future reform plan.

Economy Minister Roberto Gualtieri gives speech at online event on “Third Sector and sustainable finance: scenarios after the health emergency” (1300 GMT).

Rome, Chamber of Deputies examines ‘School’ law decree.

Rome, national health institute ISS President Silvio Brusaferro speaks before Chamber of Deputies Committee for inquiry into illegal activities related to the waste cycle on waste management related to the COVID-19 emergency (1000 GMT).

Rome, Foreign Minister Luigi Di Maio meets his French counterpart Jean-Yves Le Drian at the Ministry of Foreign Affairs (1600 GMT).

Rome, Innovation Minister Paola Pisano speaks via videoconference before Chamber of Deputies Transport Committee on contact tracing application and connectivity vouchers for citizens and businesses (1700 GMT).

McKinsey, Italian Fashion Chamber (CNMI) and Pitti Immagine hold webinar on “A perspective for the luxury goods industry during - and after - coronavirus” (0900 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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