The following factors could affect Italian markets on Tuesday.
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
Italy's anti-establishment 5-Star Movement and the far-right League on Monday proposed Giuseppe Conte, a little-known law professor, as prime minister to lead their big-spending coalition government.
But instead of immediately endorsing their choice, President Sergio Mattarella played for time, seeking further consultations over the appointment of a political novice to head a mooted administration that has alarmed markets and the European Union. (*) UNICREDIT CRDI.MI
The lender committed to drafting an action plan that would address the eight "improvement areas" the European Central Bank highlighted after carrying out an inspection at the lender in October over IT risks, several dailies reported. The inspection was related to the IT hacks the lender had announced in July and in which data for some 400,000 clients was violated.
(*) CARIGE CRGI.MI
The lender is ready to sell its 20 percent stake in the Italian motorway Autostrada dei Fiori, Il Messaggero reported.
(*) MONTE DEI PASCHI DI SIENA BMPS.MI
The lender has put on sale a portfolio of real estate assets worth about half a billion euros, MF reported without citing sources. The portfolio mainly includes bank branches that have been closed and on part of the properties a "sale and lease back" option could be used, the report added. The sales process could last until the autumn, MF said.
(*) BANKING SECTOR
Italian banks have booked writedowns for an extra 11.5 billion euros related to the introduction of the new IFRS 9 accounting standards in the first quarter of the year, Il Sole 24 Ore reported citing a report by consultancy Prometeia.
(*) TELECOM ITALIA (TIM) TLIT.MI
The phone group will raise the cost of the majority of its fixed line network contracts by 2.50 euros per month, starting from July, Il Messaggero reported. Given the company has some 15 million landline clients, the move is expected to raise an extra 450 million euros per year, the report added.
YOOX NET-A-PORTER YNAP.MI
The online retailer said on Monday CEO Federico Marchetti entered an agreement with Richemont 's CFR.S unit RLG Italia Holding to transfer 2.417 million shares at 38 euros each, as part of the bid launched by Swiss luxury conglomerate. A further 12 top managers of the group also entered similar agreements, with 722,999 shares transferred in total.
(*) FINCANTIERI FCT.MI
The Australian committee for national defence is expected to give its opinion on the three offers received for a 23 billion euro tender to supply the Royal Australian Navy with nine new frigates, in an important step towards the decision of the winner of the tender, Il Sole 24 Ore reported. The Italian shipbuilder is one of the groups competing for the contract.
BANCA IMMOBILIARE BIM.MI
The bank's board said the price of the takeover bid launched by Attestor Capital via Trinity Investments Designated Activity Company was not fair. COIMA RES CRES.MI
The real estate company said on Tuesday it signed with UniCredit CRDI.MI a preliminary purchase agreement to acquire the Pavilion complex in Milan's Porta Nuova for 45 million euros. RETELIT LIT.MI
The group said on Tuesday it was chosen by Milan's San Donato Hospital as exclusive supplier and partner to upgrade the ICT systems. the Italian animation producer famous for the Winx Club TV series, has called off plans to list its shares on the Milan stock market. (*) Credito Fondiario aims to accelerate growth and could do so by listing on the Milan Bourse as early as next year, if conditions permit, Il Sole 24 Ore reported.
(*) ALITALIA CAITLA.UL
State-appointed commissioners leading the carrier are trying to cut the costs of U.S. IT platform Sabre the airline uses, considered too expensive, Il Sole 24 Ore reported. It added that another IT contract, with IBM (NYSE:IBM) IBM.N , had already been renegotiated.
GRUPPO WASTE ITALIA WIGG.MI
Shareholders' meeting (0900 GMT).
MEDIACONTECH MCH.MI
Annual general meeting (0900 GMT).
CLASS EDITORI CLED.MI
Annual and extraordinary shareholders' meeting (0730 GMT).
CONAFI PRESTITO COPR.MI
Annual and extraordinary shareholders' meeting (0900 GMT).