Italy - Factors to watch on October 28
The following factors could affect Italian markets on Monday.
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 IT/DIA.
DEBT
Ratings agency DBRS revised on Friday its trend on Italy to 'positive' from 'stable', citing recent improvements in the country's fiscal path, in a boost to Prime Minister Giorgia Meloni's government.
Italy's Treasury said on Friday it would sell up to 9 billion euros in bonds at the Oct. 30 auction.
COMPANIES
UNICREDIT CRDI.MI
German state-backed lender Commerzbank must be fully privatised, but the government is in no hurry, German Finance Minister Christian Lindner told Reuters in an interview on Friday.
Commerzbank CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy, reiterating her stance as the Italian bank expresses interest in a possible tie-up.
European Union governments should refrain from interfering with banking consolidation, which the bloc needs to compete with other major economies, two senior bank executives said on Friday.
MEDIOBANCA MDBI.MI
The Italian bank is focused on the internal growth but is ready to consider M&A deals with an industrial and financial rationale, it said on Friday in answers to investors posted on its website ahead of Monday's annual general meeting. The bank does not plan any merger with Italy's top insurer Generali GASI.MI, it added.
Mediobanca holds on Monday its annual and extraordinary shareholders' meetings (0900 GMT).
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Fitch upgraded the long-term issuer default rating (IDR) of the Italian lender to 'BB+' from 'BB', with a positive outlook.
Shipping magnate Gianluigi Aponte, owner of the MSC group, has turned down a proposal to buy a stake in the Tuscan bank together with a group of Italian investors led by Italian businessman Enrico Marchi, Il Sole 24 Ore reported. Under the scheme, which has failed to gain traction, each investor would take a 1-2% stake for a combined shareholding of around 10%, it said. The Treasury must sell a stake in Monte dei Paschi by Nov. 28, it added.
ENI ENI.MI
The Italian energy group expects 2.5 billion euros in net proceeds from additional disposals that will be completed next year, Chief Transition & Financial Officer Francesco Gattei said on Friday.
UNIEURO UNIR.MI
Fnac Darty said on Friday that it had reached the minimum threshold for its bid for the Italian retailer, as 67.1% of Unieuro's capital has been tendered.
BASICNET BCNT.MI
Private equity firm Permira has agreed with the Italian group to buy a stake of around 40% in K-Way, valuing the entire company at 505 million euros, the company said on Friday.
4AIM SICAF 4AIM.MI
Starts capital increase; ends on Nov. 11.
SERVIZI ITALIA SERIT.MI
Cometa Srl starts full voluntary takeover bid on Servizi Italia ordinary share; ends on Nov. 15.
IVS IVS.MI
First of two-day of suspension from trading on Euronext Milan, ahead of delisting.
DIARY
Milan, Industry Minister Adolfo Urso gives message (0910 GMT) and Environment and Energy Security Minister Gilberto Pichetto Fratin gives speech (1230 GMT) at "#FORUMAutoMotive".
Turin, employers' association body 'Unione Industriali Torino' holds annual meeting with Foreign Minister Antonio Tajani, Industry Minister Adolfo Urso via videoconference, Environment and Energy Security Gilberto Pichetto Fratin (1000 GMT).
For Italian market data and news, click on codes in
brackets:
20 biggest gainers (in percentage).............PG.MI
20 biggest losers (in percentage)..............PL.MI
FTSE IT allshare index .FTITLMS
FTSE Mib index........ .FTMIB
FTSE Allstars index... .FTSTAR
FTSE Mid Cap index.... .FTITMC
Block trades.......... .BLK.MI
Stories on Italy...... IT-LEN
For pan-European market data and news, click on codes in
brackets:
European Equities speed guide...................EUR/EQUITY
FTSEurofirst 300 index...............................FTEU3
DJ STOXX index.......................................STOXX
Top 10 STOXX sectors............................PGL.STOXXS
Top 10 EUROSTOXX sectors.......................PGL.STOXXES
Top 10 Eurofirst 300 sectors....................PGL.FTEU3S
Top 25 European pct gainers........................PG.PEUR
Top 25 European pct losers.........................PL.PEUR
Main stock markets:
Dow Jones................DJI Wall Street report ......N
Nikkei 225..............N225 Tokyo report.............T
FTSE 100................FTSE London report............L
Xetra DAX..............GDAXI Frankfurt market stories.F
CAC-40..................FCHI Paris market stories....PA
World Indices.....................................0#.INDEX
Reuters survey of world bourse outlook.........EQUITYPOLL1
Western European IPO diary..........................WEUIPO
European Asset Allocation........................EUR/ASSET
Reuters News at a Glance: Equities...............TOP/EQE
Main currency report:...............................FRX/
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