October 23, 2018 / 4:01 AM / 23 days ago

Italy - Factors to watch on Oct. 23

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

Eurogroup head Mario Centeno said on Monday the latest messages from Rome and the European Commission over Italy’s 2019 budget are “very positive” and he expects agreement to be reached on the blueprint.

The right-wing League has won control of the northern Italian province of Trento, ousting the centre-left coalitions that have ruled for decades, in the latest breakthrough by the anti-immigrant party.

ECONOMY

Bank of Italy holds conference on “Cost of Crime and Business Protection” with Director Giuseppe Sopranzetti, Banco BPM CEO Giuseppe Castagna in Milan (1300 GMT).

DEBT

Treasury announces sale of CTZ and BTPei bonds, with relative amounts to be auctioned on Oct. 26.

ATLANTIA, AUTOGRILL

Gilberto Benetton, a co-founder of Italian clothing retailer United Colors of Benetton who masterminded the family empire’s diversification into construction, transport and catering, has died at the age of 77.

LUXOTTICA

Luxottica confirmed its outlook for the year as sales rose in the third quarter.

ITALY BANKS

Popolare di Bari and other regional banks, including Popolare di Puglia e Basilicata, are close to receiving the assessment of credit rating agencies on a deal to offload 1.6 billion euros in bad loans, a source familiar with the transaction said.

(*) BANCA MONTE DEI PASCHI DI SIENA

The lender has received non-binding offers for a portfolio of non-performing loans worth 2.4 billion euros, Il Sole 24 Ore said. Among the interested parties are Banca Ifis, Hoist, Cerberus, Mb Credit Solutions and Kruk, the paper added.

Separately, Bain Capital Credit and Cerberus are among those looking at a portfolio of unlikely to pay loans worth 1.1 billion euros, the paper said.

PIRELLI & C

Executive Deputy Chairman and CEO Marco Tronchetti Provera attends news conference to present an art exhibition in Milan (0800 GMT).

(*) ENEL

HSBC cut its rating on the stock to ‘reduce’ from ‘hold and its target price to 4 euros from 4.7 euros.

(*) BRUNELLO CUCINELLI

Berenberg raised its rating on the stock to ‘buy’ from ‘hold’.

(*) SALVATORE FERRAGAMO

Berenberg starts its coverage of the stock with a ‘hold’ rating and a price target of 17 euros.

(*) MONCLER

Berenberg starts its coverage of the stock with a ‘buy’ rating and a price target of 37 euros.

(*) TOD’S

Berenberg starts its coverage of the stock with a ‘hold’ rating and a price target of 52 euros.

BANCA CARIGE

Board meeting.

SAIPEM

Board meeting on Q3 results (press release on Oct. 24).

STMICROELECTRONICS

Board meeting on Q3 results (press release on Oct. 24).

DANIELI & C

Presents FY results (1500 GMT).

PIAGGIO

Board meeting on Q3 results, followed by conference call (1230 GMT).

ZEPHYRO

Delisted from AIM segment as of Tuesday.

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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