November 19, 2019 / 5:03 AM / 24 days ago

Italy - Factors to watch on Nov. 19

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

ArcelorMittal said on Monday it would halt a planned shutdown of struggling Italian steelmaker Ilva pending a court ruling over the company’s decision to walk away from the deal, adding it would wait until the court’s decision.

(*) The Italian government is studying a rescue plan for Ilva, that would involve a direct investmnent by Italian state lender Cassa depositi e Prestiti alongside ArcelorMittal, La Stampa reported on Tuesday, citing three unnamed sources.

ECONOMY

ISTAT releases September sales and orders data (0900 GMT).

FIAT CHRYSLER

California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler and other automakers backing President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions.

(*) The gorup’s car registrations in Europe rose 2.5% in October, compared with a 8.6% rise in the industry, European Auto industry association ACEA data showed on Tuesday.

INWIT, TIM, VODAFONE

INWIT, the mast group controlled by Telecom Italia, said on Monday it would pay a special dividend of 0.5936 euros per share once a merger of its assets with the Italian mobile towers of Vodafone is completed.

TELECOM ITALIA (TIM)

(*) Italy’s biggest phone group Chief Executive Luigi Gubitosi told Il Sole 24 Ore on Tuesday that a failure to reach an agreement with rival broadband operator Open Fiber to create a single national fiber optic champion would be a missed opportunity for both companies, adding that a deal is possibile.

Deadline to present non-binding bids for the assets of smaller broadband rival Open Fiber.

(*) UBI BANCA

Victor Massiah, Chief Executive of Italy’s fifth-largest lende, told Il Sole 24 Ore on Tuesday that banking sector needs a consolidation but any merger process must be assessed carefully.

Massiah said the bank has no plan to apply negative rates to customer deposits. The bank will choose its partner on bancassurance business in the first quarter of next year, Massiah said.

(*) MEDIASET

The Italian broadcaster and its second largest shareholder Vivendi are still far from an agreement to end a long-running legal row, Il Messaggero reported on Tuesday.

(*) CARIGE

The European Central Bank is set to give the green light within days to a 700 million euro cash call, part of a 900 million euro rescue financed for the most part by rival Italian lenders, MF daily reported on Tuesday.

(*) ALITALIA (unlisted), ATLANTIA

The Italian Industry minister would consider temporary nationalisation of the Italian troubled carrier if no industrial partner comes forward to rescue it, La Repubblica reported on Tuesday.

DIARY

Milan, Bank of Italy holds news conference to present economic update of the economy in Lombardy region (1000 GMT).

Rome, inauguration ceremony of academic year at tax police school with Prime Minister Giuseppe Conte, Economy Minister Roberto Gualtieri (0930 GMT).

Rome, Chamber of Deputies Speaker Roberto Fico receives Snam CEO Marco Alvera (1430 GMT).

Rome, Poste Italiane holds forum on “Multi Stakeholder 2019” with CEO Matteo Del Fante, Microsoft Italiam unit CEO Silvia Candiani (0900 GMT).

Milan, Mediobanca holds news conference to present “Mediobanca and the Olivetti rescue (1964-1966)” with Bank of italy representative Federico Barbiellini Aidei; Mediobanca Chairman Renato Pagliaro delivers closing address (0900 GMT).

Milan, conference on university with Intesa Sanpaolo Chairman Gian Maria Gros-Pietro; Education Minister Lorenzo Fioramonti delivers closing address (1300 GMT).

Milan, conference “Insurance Summit, the future of insurance between new risks and digital transformation” ends (0830 GMT); Cattolica Assicurazioni Director General Valter Trevisani attends.

Milan, Maire Tecnimont holds event on “Beyond digital” with Chairman Fabrizio Di amato; CEO Pierroberto Folgiero delivers closing address(0830 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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