Italy - Factors to watch on Sept. 1

Il Sole 24 Ore SpA

01/09/2021 08:37

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 75 coronavirus-related deaths on Tuesday, up
from 53 the previous day, while the daily tally of new
infections rose to 5,498 from 4,257, the health ministry said.
 urn:newsml:reuters.com:*:nL8N2Q24OO
    
    ECONOMY
    HIS Markit releases August PMI manufacturing (0745 GMT).
    ISTAT releases July unemployment rate data (0800 GMT).
    Transport Ministry releases August car sales data (1600
GMT).
    August state sector borrowing requirement data.
    
    COMPANIES
    MONTE DEI PASCHI  BMPS.MI 
    Italy's state-owned bad loan manager AMCO has been granted
access to problem loan data of Monte dei Paschi di Siena as the
process to sell the troubled bank moves ahead.  urn:newsml:reuters.com:*:nL8N2Q258X
(*)  UniCredit wants to be shielded by Italy's Treasury against
the risks over Monte dei Paschi di Siena's 15 billion euro 
($17.70 billion) "Stage2" loans, Repubblica reported. According
to the newspaper, these loans could be securitised in order to
reduce the risks on UniCredit in case of a takeover of Monte.
Repubblica added that the exclusive talks on Monte dei Paschi
are likely to be extended for another month beyond Sept. 9
deadline. 
    According to Il Sole 24 Ore, AMCO will likely get up to 8
billion euros of risky loans from Monte dei Paschi di Siena in a
tie-up with UniCredit. The 8 billion euro amount will likely
include only 4 billion euros in "Stage2" loans.  
    
(*) ATLANTIA  ATL.MI     
    Two of Abertis's motorway concessions in Spain expire today,
MF reported, adding that the toll-road company and the Spanish
government are divided over the amount of compensation that
would be due to Abertis.
    
(*) ENEL  ENEI.MI     
    The utility is ready to launch a 1.2 billion euro renewable
energy investment plan in South America, said MF, adding that
the European Investment Bank (EIB) will finance half of the
project.
    
    STELLANTIS  STLA.MI 
    The world's fourth largest carmaker will extend by one week
to Sept. 13 a planned production stoppage at its Melfi plant in
southern Italy due to a global shortage in microchip offer,
FIM-CISL union said on Tuesday.  urn:newsml:reuters.com:*:nL8N2Q2510
    The group's Ram truck brand for the first time led the
rankings in the J.D. Power Initial Quality Study, and the
French-Italian automaker's Dodge muscle car brand was second.
 urn:newsml:reuters.com:*:nL1N2Q20Y4
    
    FERRARI  RACE.MI 
    Semiconductor industry veteran Benedetto Vigna starts in his
new role as Ferrari Chief Executive on Wednesday, with the task
to accelerate the luxury sports carmaker's progress towards an
electric-powered fleet.
    
    CAMPARI  CPRI.MI 
    The Italian drinks group sees plenty of room for growth from
its best-selling beverage Aperol and is not worried about the
threat from competitors, including a new spritz cocktail
launched by LVMH's Moet Hennessy.  urn:newsml:reuters.com:*:nL1N2Q21FW
    
    LAZIO  LAZI.MI 
    The Serie A team said on Tuesday that player Caicedo Corozo
Felipe Salvador joined Genoa for 2 million euros.  urn:newsml:reuters.com:*:nFWN2Q20V0
    
    RENO DE MEDICI  RDM.MI 
    Voluntary conversion of convertible savings shares into
ordinary shares starts; ends on Sept. 30.
    
    
    DIARY
    FTSE Russell announces revisions to Milan Bourse's FTSE MIB
blue chip basket and other indexes, effective on Sept. 20.
    EU Economy Commissioner Paolo Gentiloni delivers closing
address at online event "The actions of Assisi Manifesto" (1400
GMT).
    Venice, 78th Venice International Film Festival starts; ends
on Sept. 11.
    
    ((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/ 


($1 = 0.8477 euros)