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Italy - Factors to watch on July 5

Published 05/07/2019, 04:30 pm
Updated 05/07/2019, 04:40 pm
© Reuters.  Italy - Factors to watch on July 5

The following factors could affect Italian markets on Friday.

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 .

ECONOMY

ISTAT releases monthly bulletin on the state of the economy in June (0800 GMT).

Bank of Italy releases June data on Target (NYSE:TGT) 2 liabilities and European Central Bank funding to Italian banks.

DEBT

Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on July 10.

COMPANIES (*) MEDIASET MS.MI

Shareholder Vivendi (PA:VIV) is ready to pull out of Mediaset , La Stampa said, citing comments by Bank of America (NYSE:BAC) Merrill Lynch's head of European research on the media sector. In a phone call with investors Adrien de Saint Hilaire said Vivendi had been close three times to reaching a deal with Mediaset but that each time it had fallen through, adding it's clear they want to leave, La Stampa cited him as saying. The comments come after a large media conference in London in June when Vivendi's CEO had spoken to investors, the paper said. Vivendi declined to comment, it said.

ATLANTIA ATL.MI

Moody's said on Thursday it reviews for downgrade Atlantia's, Autostrade per l'Italia's and Aeroporti di Roma's ratings. ruling 5-Star Movement is noisily threatening to rip up Atlantia's motorway concession over last year's deadly bridge collapse in Genoa, but sources have told Reuters the party is prepared to settle for revisions to its long-term deal. UNICREDIT CRDI.MI

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Like rival Intesa Sanpaolo , the bank is looking at ways of dealing with the whole of its 13.3 billion euro gross unlikely to pay loan portfolio, Il Messaggero said. It has contacted players like do Value, Dea Capital, Intrum and Clessidra, the paper said.

(*) ASTALDI AST.MI , SALINI IMPREGILO SALI.MI

Export insurance agency SACE has withdrawn its guarantees for Astaldi funding abroad, Il Messaggero said, citing a letter sent by SACE to the troubled builder. The move threatens plans by state lender CDP and Salini Impregilo to create a national construction champion, the paper said.

(*) BANCA CARIGE CRGI.MI

Cassa Centrale Banca is ready to play a role in the rescue of carige, MF said. The lender has signed a non-disclosure agreement for a preliminary examination of Carige's accounts and to study the feasibility of an industrial alliance, it said. The lender does not want all of Carige immediately.

FIAT CHRYSLER FCHA.MI

The head of French state holding APE said on Thursday he was "not aware" of any new discussions between Renault RENA.PA and Fiat Chrysler over a future alliance.

SIAS SIS.MI

Sias board said Thursday consideration under tender, offer by Astm, of 17.50 euro for company share is "suitable" from financial point of view. Italian farmers body Coldiretti event starts (0700 GMT); ends on July 7. Deputy Prime Minister and Industry Minister Luigi Di Maio and Eni ENI.MI CEO Claudio Descalzi expected to attend.

Milan, "Belt& Road Iniziative 2, Italy and the new silk roads" with Intesa Sanpaolo ISP.MI representative Stefano Barrese, Danieli DANI.MI Chairman Giampietro Benedetti, Industry Ministry Undersecretary Michele Geraci (0630 GMT).

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Rome, Telecom Italia TLIT.MI TIM holds news conference to present '5G' (0900 GMT).

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