Italy - Factors to watch on Aug. 2
02/08/2021 05:00
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 .
CORONAVIRUS
Hackers have attacked and shut down the IT systems of the
company that manages COVID-19 vaccination appointments for the
Lazio region surrounding Rome, the regional government said on
Sunday. urn:newsml:reuters.com:*:nL8N2P80G6
ECONOMY
HIS Markit releases July PMI manufacturing (0745 GMT).
Transport Ministry releases July car sales data (1600 GMT).
June state sector borrowing requirement data.
COMPANIES
Bourse After Hours market closed.
BANKS
MONTE DEI PASCHI DI SIENA BMPS.MI
All of the Tuscan lender's capital was wiped out in a
European Union stress test of banks on Friday as Monte dei
Paschi headed for government-sponsored merger talks with
domestic peer UniCredit, whose own score fell short of the
sector's aggregate performance. urn:newsml:reuters.com:*:nL1N2P61X2
Monte dei Paschi said the results of stress tests published
on Friday were consistent with capital measures it had submitted
to the European Central Bank in January, including a 2.5 billion
euro rights issue. urn:newsml:reuters.com:*:nL8N2P6863
INTESA SANPAOLO ISP.MI
Italy's biggest bank said on Friday its 2023 fully loaded
CET1 ratio in the European Banking Authority's EU-wide stress
tests was at 9.38% under the adverse scenario. urn:newsml:reuters.com:*:nFWN2P61V0
UNICREDIT CRDI.MI , MONTE DEI PASCHI
Italy's No. 2 bank said on Friday its 2023 fully loaded CET1
ratio in the European Banking Authority's EU-wide stress tests
was at 9.22% under the adverse scenario. urn:newsml:reuters.com:*:nFWN2P61MV
UniCredit is well placed to secure a beneficial deal with
the Italian government in talks to take over Monte dei Paschi di
Siena, which it sees as the best M&A option at present, its
Chief Executive Andrea Orcel said. urn:newsml:reuters.com:*:nL8N2P61AD
Orcel told analysts on Friday the goal is selecting the
parts of MPS to be bought was to maximise the commercial
franchise UniCredit would be taking over while minimising
overlaps so as to avoid "unnecessary redundancies."
The head of Italy's League party Matteo Salvini said on
Sunday he was against any break up of Monte dei Paschi or any
fire sale of the bank, adding talk of 6,000 redundancies was
unthinkable.
Credit rating agency Moody's said on Friday that Unicredit's
agreement with the Italian government for a potential
transaction involving Monte dei Paschi di Siena had no immediate
credit implications for either bank.
UNICREDIT, MONTE DEI PASCHI, ANIMA HOLDING ANIM.MI
Italy's biggest independent asset manager hopes to bring in
UniCredit as its client if a potential deal with Monte dei
Paschi di Siena succeeds, its chief executive said on Friday.
urn:newsml:reuters.com:*:nS8N2N407Z
Asked about MPS' existing partnerships, UniCredit CEO Andrea
Orcel told analysts on Friday a decision would be taken during
the due diligence phase. "We will look at the partners and what
agreements there are, and we will take a decision at that
point," he said, adding UniCredit had its views on how to
develop its fee income with insurance and asset management
partners that "fulfil certain criteria."
MEDIOBANCA MDBI.MI
Italy's top investment bank said on Friday its 2023 fully
loaded CET1 ratio in the European Banking Authority's EU-wide
stress tests was at 9.73% under the adverse scenario - the
strongest among the five Italian lenders tested by the EBA.
urn:newsml:reuters.com:*:nFWN2P61D9
BANCO BPM BAMI.MI
Italy's fourth-largest bank said on Friday its 2023 fully
loaded CET1 ratio in the European Banking Authority's EU-wide
stress tests was at 7.01% under the adverse scenario, making it
one of the weakest performers in the exercise. urn:newsml:reuters.com:*:nL8N2P67XO
Banco BPM said in a note the results, however, showed an
improvement compared to the previous round of stress tests in
which its fully-loaded CET1 ratio dropped to 6.67% under the
shock scenario. urn:newsml:reuters.com:*:nBIA3PVjl1
CARIGE CRGI.MI
With a CET1 ratio of less than 8%, the troubled lender was
among the worst performers in a health check of second-tier euro
zone banks published by the European Central Bank on Friday.
urn:newsml:reuters.com:*:nECBTEST
BANCA POPOLARE DI SONDRIO BPSI.MI
The bank said its 2023 CET1 ratio under an adverse scenario
was at 10.1% in stress tests published by the ECB on Friday.
urn:newsml:reuters.com:*:nFWN2P618D urn:newsml:reuters.com:*:nBIAmJ9HC
A2A A2.MI
The utility expects to invest 1 billion euros this year,
excluding M&A, focusing on networks, water and renewable energy,
CEO Renato Mazzoncini told Corriere della Sera on Sunday.
IL SOLE 24 ORE S24.MI
The publisher said on Friday its net loss shrank to 3.3
million euros in the first half of the year from 5.3 million
euros a year ago. urn:newsml:reuters.com:*:nBIA79pYJC
FERRARI NV RACE.MI
Board meeting on second quarter results, followed by
conference call (1300 GMT)
CERVED CERV.MI
Castor Bidco said on Friday it had agreed with Italy's
bourse to extend its buyout offer on the Italian credit data and
management group by 18 days to July 31. urn:newsml:reuters.com:*:nBIA3dR46q
SARAS SRS.MI
Board meeting on first half results (morning), followed by
conference call (afternoon).
TECHNOGYM TGYM.MI
Board meeting on first half results, followed by conference
call.
ASSICURAZIONI GENERALI GASI.MI
Board meeting on first half results, press release on Aug.
3.
DIARY
Astaldi delisted as a result of merger with Webuild.
((Milan newsroom, +39 02 6612 9507, fax +39 02 801149,
milan.newsroom@news.reuters.com))
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/