October 2, 2019 / 4:01 AM / 2 months ago

Italy - Factors to watch on Oct. 2

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 .

ECONOMY

Italy’s state sector budget deficit rose last month by 2.7 billion euros year-on-year to 22.6 billion ($24.7 billion), due to higher pension payments and generally higher spending in the face of flat revenues, the Treasury said.

ATLANTIA

Italian prosecutors have widened an inquiry into suspected safety breaches at subsidiaries of Atlantia to include more employees and viaducts than they identified last month, two sources close to the investigation told Reuters.

CNH INDUSTRIAL

Italian industrial vehicle maker plans to invest 60 million euros ($65 million) and cut about 330 jobs in an overhaul of Italian plants in its construction and engine businesses, a spokesman said on Tuesday.

FCA

Sales of new cars bounced back in Italy in September, leading Fiat Chrysler to post a 10.9% year-on-year increase after an extremely weak August, Reuters calculations based on transport ministry data showed on Tuesday.

UNICREDIT

Italy’s biggest bank is set to announce a 5 billion euro ($5.5 billion) sale of non-performing home mortgages next month, two sources familiar with the matter said.

ENEL

Italy’s biggest utility said on Tuesday its Russian unit had received first two instalments of 236 million euros from sale of Reftinskaya coal plant.

MEDIASET

First hearing in Spain on a appeal by Vivendi against a plan to merge Mediaset’s Spanish unit Mediaset Espana with its Italian parent company under a Dutch holding company structure called MediaForEurope.

(*) SAFILO

French luxury group Kering could look at the Italian eyewear maker as a possible acquisition target, daily MF reported.

(*) BANCA POPOLARE DI SONDRIO

Activist shareholder Amber Capital sees continuing pressure for consolidation among Italian cooperative lenders believes and the banks may be ready to resume M&A activity after a stop caused by tougher ECB capital requirements, Joseph Oughourlian, who founded the asset manager, told the Il Sole 24 Ore.

(*) JUVENTUS

The Italian soccer club took its first win in the Champions League with a 3-0 victory over Bayer Leverkusen.

ITALIAONLINE

Extraordinary shareholder meeting on conversion of saving shares into ordinary shares (1300 GMT).

DIARY

Rome, Italian banking association ABI holds news conference to present XVIII edition of ‘Invito a Palazzo’ with Culture Minister Dario Franceschini, ABI President Antonio Patuelli, ACRI President Francesco Profumo (0930 GMT).

Turin, conference on “The role of Cassa Depositi e Prestiti (CDP) to support territory, businesses and public administration” with CDP CEO Fabrizio Palermo (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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