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Italy - Factors to watch on Dec. 16

Published 16/12/2020, 06:36 pm
Updated 16/12/2020, 06:42 pm
© Reuters.

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 IT/DIA .

GENERAL

Italy reported 846 coronavirus-related deaths on Tuesday against 491 the day before, the health ministry said, while the daily tally of new infections rose to 14,844 from 12,030. may tighten restrictions over Christmas to limit the spread of COVID-19 infections, Prime Minister Giuseppe Conte said on Tuesday as he urged Italians to avoid "irresponsible" gatherings during the holiday period. releases October orders and sales data (0900 GMT).

DEBT

Treasury buys back the following bonds: CTZ due June 29, 2021; 4.75% BTP due Sept. 1, 2021; 2.30% BTP due Oct. 15, 2021; 0.35% BTP due Nov. 1, 2021; CTZ due Nov. 29, 2021. BPM BAMI.MI , CATTOLICA ASSICURAZIONI CASS.MI

Italy's Banco BPM said on Tuesday it would end an insurance partnership with Cattolica by acquiring full control of their joint-ventures, in a move that may ease a mooted tie-up with BPER Banca EMII.MI . ITALIA TLIT.MI , MEDIASET MS.MI

Italy's communications watchdog AGCOM said on Tuesday it had opened an inquiry into French media giant Vivendi 's VIV.PA stakes in commercial broadcaster Mediaset and the country's biggest phone group Telecom Italia . Ratings said on Tuesday that the potential acquisition of the mobile operations of Brazil's Oi SA OIBR4.SA by the consortium formed by TIM Participacoes, Telefonica (MC:TEF) Brasil SA VIVT3.SA and Claro, controlled by America Movil AMXL.MX , does not affect the credit quality of the three buyers. SANPAOLO ISP.MI

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Chief Executive Carlo Messina said on Tuesday the bank had already done its part in a consolidation wave that the rest of the sector would not be able to avoid. warned that adding political instability to the uncertainty Italy now faced due to the coronavirus pandemic risked creating a "perfect storm". LDOF.MI

The defence group and its joint ventures with France's Thales TCFP.PA , Thales Alenia Space and Telespazio, have agreed with Italy's ministry of defence and the Italian Space Agency to develop two satellites, the aerospace company said on Tuesday. The contracts would have a total value of around 300 million euros. is working to extend by 12 months a state guarantee scheme designed to help banks shed problem loans, two sources familiar with the matter said on Tuesday, as the industry braces for a surge in pandemic-driven defaults. European Central Bank decided on Tuesday to let banks pay out part of their cumulated 2019-2020 profits to shareholders if they have enough capital, easing a blanket ban on dividends and buybacks set during the first wave of the coronavirus crisis. ENEL ENEI.MI

The board of Italy's biggest utility on Thursday will likely give management a mandate to kick off the sale to Macquarie of the 50% stake in fibre-optic unit Open Fiber but several hurdles stand in the way of an actual deal, Il Sole 24 Ore reported.

Italy's League party has drafted a measure to be included in next year's budget law to help Open Fiber continue to receive payments from the state despite delays in rolling out the fibre-optic network, Corriere della Sera reported.

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OVS OVS.MI

The Italian clothing retailer said on Tuesday it had submitted a binding offer for the Stefanel brand and some other assets of the troubled fashion group of the same name, which is now under special administration. company holds a conference call on Q3 results (1400 GMT).

COMAL IMPIANTI CMLA.MI

The company, which operates in the plant engineering sector for solar energy production, debuts on AIM segment.

DIARY

Italian banking association (ABI) holds online meeting, ECB board member Andrea Enria gives presentation (1400 GMT).

Gran Sasso Science Institute holds online 2020-2021 academic year inauguration ceremony with University and Research Minister Gaetano Manfredi (1000 GMT); Bank of Italy Governor Ignazio Visco gives speech "Economy, Innovation, Knowledge".

'Alternative Investment Funds' ends online event on "The future of alternative investments: the market view" (0830 GMT); expected attendees on Wednesday include Milan Stock Exchange CEO Raffaele Jerusalmi, BlackRock (NYSE:BLK) Italian unit Managing Director and Head Giovanni Sandri, 4AIM SICAF 4AIM.MI Chairman Giovanni Natali, NB Aurora SICAV NBAA.MI Managing Director Francesco Sogaro, London Stock Exchange Group (LON:LSE) representative Michele Troiani.

Centro Studi Promotor holds online news conference on "The situation and prospects of the economy and the car market in 2021, 2022 and 2023" (1000 GMT).

Digital event "Sport & Business Summit, a new future for the sports industry" with Emilia Romagna region Governor Stefano Bonaccini, Italian Olympic Games Committee (CONI) President Giovanni Malago, soccer league Serie A CEO Luigi De Siervo (1400 GMT).

Online event on "The 5G for economic recovery: Italy's roadmap" with Industry Ministry Undersecretary Mirella Liuzzi, Digital360 DIGT.MI Chairman Andrea Rangone, Huawei HWT.UL Italian unit Vice Country Manager Massimo Mazzocchini (1600 GMT).

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Italian Fashion Chamber (CNMI) holds digital news conference on "Social Sustainability Report: a survey on wage practices among luxury fashion suppliers in Italy" with President Carlo Capasa (1400 GMT).

Rome, Indonesian Ambassador Esti Andayani informally speaks before Chamber of Deputies Foreign Affairs and EU Policy committees on the priorities of Italian G20 Presidency (1000 GMT).

Rome, Chamber of Deputies Speaker Roberto Fico attends season's greetings event with parliamentary press (1000 GMT); meets via videoconference Knesset President Yariv Levin (1500 GMT), Sport Salute SpA Chairman and CEO Vito Cozzoli (1630 GMT).

Rome, representatives of Federmanager (0830 GMT) and of ArcelorMittal Italian unit (0900 GMT) due to informally speak via videoconference before Chamber of Deputies Industry and Labour committees on industrial and employment prospects of the former ILVA steel plants.

Rome, Senate Defence Committee meets on immigration and security law decrees (0730 GMT).

Rome, state railways Ferrovie dello Stato CEO Gianfranco Battisti (1045 GMT), President of the observatory for the realisation of the railway axis Turin-Lion Claudio Palomba (1130 GMT); Tunnel Euralpin Lyon Turin (TELT) Director General Mario Virano (1215 GMT); Piedmont region representatives (1500 GMT); Transport Regulatory Authority (ART) President Nicola Zaccheo (1530 GMT); Turin Mayor Chiara Appendino (1600 GMT) due to speak via videoconference before Chamber of Deputies Transport Committee for the new Turin-Lyon railway line.

Rome, Italia Trasporto Aereo SpA Chairman Francesco Caio and CEO Francesco Lazzerini speak before Senate Public Works Committee on the preparation of the company's business plan (1230 GMT).

Rome, Lazio region administrative court rules on Vivendi VIV.PA 's request to cancell communication authority (AGCOM)'s resolution freezing 2/3 of the voting rights of its stake in Mediaset MS.MI (1100 GMT).

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