May 15, 2018 / 4:03 AM / 3 months ago

Italy - Factors to watch on May 15

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 (*).

For a complete list of diary events in Italy please click on .

POLITICS

Italy’s anti-establishment 5-Star Movement and far-right League won more time on Monday to put together a government, amid suggestions they were struggling to agree on a prime minister to enact their big-spending policies.

ECONOMY

Bank of Italy releases March data on public finances, state borrowing and debt.

DEBT

Treasury continues offer of new 8-year ‘BTP Italia’ bond reserved to small investors, ends on May 16 subject to early closure.

The new BTP Italia bond drew 2.3 billion euros in orders on the first day.

MEDIOBANCA

The bank said on Monday it was naming Francesco Canzonieri co-head of corporate investment banking (CIB) next to Francisco Bachiller who is now executive chairman as well as co-head of CIB. Mediobanca’s Spain country head Bachiller and Canzonieri, who is Mediobanca’s country head Italy and global head of corporate finance, replace Stefano Marsaglia.

(*) FIAT CHRYSLER

Chief Executive Officer Sergio Marchionne reprimanded the company’s top U.S. spokesman for issuing press releases about Fiat’s vehicle emissions practices days after Volkswagen’s disclosure in September 2015 that the German automaker had used illegal software to evade emissions tests, documents released Monday show.

(*) TOD’S

Chairman and CEO Diego Della Valle will soon delegate day-by-day running of the group to his brother Andrea, he was quoted as saying by several papers. Diego Della Valle will retain responsibility over corporate strategies, “a few good ideas to show we still have something to teach,” he said.

PIRELLI

Pirelli stuck to its full-year profit outlook after operating income in the first three months rose 4.5 percent, lifted by strong demand for high-margin premium tyres.

Annual general meeting (0830 GMT).

BANCA MONTE DEI PASCHI DI SIENA <BMPS.MI, CERVED

The two groups said on Monday a 52.6 million euro purchase of Monte dei Paschi’s debt recovery platform had been completed. The Juliet platform will service at least 80 percent of the new soured debts generated by the lender over the next 10 years (with initial value of about 4.5 billion euros).

BANCA MEDIOLANUM

Enters in FTSE MIB Index for outgoing Yoox Net-A-Porter .

UNICREDIT

CEO Jean Pierre Mustier attends opening ceremony of a paediatric initiative “Orto di Elkette” (0900 GMT).

SALINI IMPREGILO

CEO Pietro Salini attends panel on “Future Trends in Infrastructure” in Milan (1600 GMT).

LEONARDO

Annual general meeting (0830 GMT).

STMICROELECTRONICS

“Capital Markets Day” in London (0800 GMT).

Board meetings on Q1 results: ACOTEL, ARNOLDO MONDADORI EDITORE followed by conference call, ASTM , CAIRO COMMUNICATION, CLASS EDITORI (1330 GMT), COMPAGNIA IMMOBILIARE AZIONARIA, EL.EN. , EMAK, FIDIA (0800 GMT), FILA , GEOX followed by conference call (1530 GMT), GAMENET GROUP followed by conference call, IL SOLE 24 ORE, IMA, IVS GROUP followed by conference call (1530 GMT), K.R.ENERGY, LA DORIA , MEDIASET (1400 GMT) followed by conference call (1600 GMT), MONRIF, OPENJOBMETIS, POLIGRAFICI EDITORIALE, REPLY, RETELIT followed by conference call (1600 GMT), SABAF followed by conference call (1300 GMT), SAES GETTERS, SIAS-SOCIETA INIZIATIVE AUTOSTRADALI E SERVIZI, SNAITECH, TECHNOGYM, TECNOINVESTIMENTI followed by conference call.

Conference calls on Q1 results: ASCOPIAVE, ERG (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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