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Italy - Factors to watch on Feb. 11

Published 11/02/2019, 06:55 pm
© Reuters.  Italy - Factors to watch on Feb. 11

MILANO, Feb 11 (Reuters) - 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 .

POLITICS (*) A centre-right coalition, including the League, one the two ruling parties in Rome, won local elections in Abruzzo region with 49 percent of votes, according preliminary data. The League was the first party, with 28 percent of votes. Its coalition partner, the 5-Star Movement, which was running alone, got 20 percent of votes. (*) Italian Agriculture Minister Gian Marco Centinaio said he had never heard anyone in the government speak about using gold reserves held by the Bank of Italy to plug budget shortfalls. According to La Stampa Italy's ruling coalition is considering a way to use part of the country's gold reserves to avoid a budget correction for this year and a VAT increase in 2020. populist leaders on Saturday promised to replace top officials at the country's central bank, who they said must pay for failing to prevent a spate of banking scandals in which thousands lost their savings. Minister Giovanni Tria on Saturday reiterated the importance of kick-starting investments in infrastructures to revive Italy's flagging economy. In an interview with La Stampa he said he was in favour of the contested TAV high-speed railway project between Italy and France.

ECONOMY

OECD releases December composite leading indicator (1100 GMT).

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Bank of Italy releases December data on bank lending and domestic government bond holdings at Italy-based banks.

COMPANIES

INTESA SANPAOLO ISP.MI

The bank said on Friday it comfortably meets the capital requirements set by the European Central Bank after the SREP. UNICREDIT CRDI.MI

The ECB has requested the lender a total SREP capital requirement of 13.57 percent at group level for this year, the bank said. Pillar 2 requirement was set at 2.00 percent. BANCO BPM BAMI.MI

The ECB has requested the lender a total SREP capital requirement of 10.25 percent at group level for this year, Banco BPM said, adding the ECB cut its Pillar 2 requirement by 25 basis points to 2.25 percent. UBI BANCA UBI.MI

The ECB has set a total SREP capital requirement of 10.25 percent for this year, unchanged from 2018, the bank said. ECB's decision includes a Pillar 2 requirement of 2.25 percent, it added. MONTE DEI PASCHI BMPS.MI

Italy's government is considering options to avoid an eventual new state intervention in case the bank fails to issue an expected 750 million euro subordinated bond, Affari&Finanza / La Repubblica said.

BANCA CARIGE CRGI.MI (*) A possible conflict of interest could arise for KPMG in a potential sale of Carige's NPLs loans to Italian state-owned bad loan manager SGA, as KPMG is adviser both for the bank and SGA, Affari&Finanza / La Repubblica reported.

Chamber of Deputies examines law decree on Banca Carige.

Carige's stocks are suspended from trading.

BANCA MEDIOLANUM BMED.MI

Board meeting on anticipation of FY results (0900 GMT).

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RECORDATI RECI.MI

Board meeting on preliminary FY results.

D'AMICO INTERNATIONAL SHIPPING B7C.MI

D'amico International Shipping said on Friday its board will propose to shareholders a capital increase of up to $60 million. IFIS IF.MI

Board meeting on preliminary FY results, followed by conference call (1600 GMT).

BANCA POPOLARE SONDRIO BPSI.MI

Board meeting on FY results.

DOBANK DOB.MI

Board meeting on FY results, followed by conference call.

ALFIO BARDOLLA TRAINING GROUP ABTG.MI

Board meeting to approve 2019 budget.

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