October 19, 2018 / 4:00 AM / a month ago

Italy - Factors to watch on Oct. 19

The following factors could affect Italian markets on Friday.

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 .

ECONOMY

European Commissioner for Economic Affairs Pierre Moscovici holds news conference in Rome (1315 GMT).

Italy’s planned budget plan does not pose a “Greek-like” threat to European Union financial stability, the bloc’s financial services chief said on Thursday.

Italy’s 2019 budget draft is in serious breach of EU budget rules, the European Commission told Rome on Thursday, in a step that prepares the ground for what would be an unprecedented rejection of a member state’s fiscal plan.

Italy’s Prime Minister Giuseppe Conte said on Thursday its deviation from EU fiscal targets was “not large”, as the European Commission warned of “particularly serious non-compliance” in its draft budget for next year.

SALINI IMPREGILO, ASTALDI

Italian construction company Salini Impregilo is looking at the assets of troubled builder Astaldi but any eventual deal must happen soon, a source close to the company said.

Salini Impregilo said on Friday it had won a 719 million euro contract to build a line of the Gran Paris Express.

(*) TELECOM ITALIA

Vivendi plans to oppose a spin-off the telecoms group’s fixed-line network and call a shareholder meeting by the end of the year to appoint new accountants, seizing the opportunity to also propose naming four new board members, la Repubblica reported.

ASSICURAZIONI GENERALI

Italian entrepreneur Francesco Gaetano Caltagirone has rounded his stake in the insurer to around 4.45 percent while Delfin, the holding company of Leonardo Del Vecchio has increased his stake to around 3.3 percent, regulatory filings showed on Thursday.

(*) POSTE ITALIANE

Italy’s post office plans to expand its product offering to include health and collective insurance policies, MF reported.

PIOVAN

Expected to debut on STAR segment of Italian Stock Exchange.

BB BIOTECH

Board meeting on Q3 results.

BIALETTI

Board meeting on H1 results.

UBI BANCA

Ordinary and extraordinary shareholders’ meetings (0730 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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