Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Italy - Factors to watch on Nov. 26

EconomyNov 26, 2020 01:30
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

The following factors could affect Italian markets on Thursday.

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 722 COVID 19-related deaths on Wednesday, down from 853 the day before, and 25,853 new infections, slightly up from 23,232 on Tuesday, the health ministry said. releases October non-EU foreign trade data (0900 GMT).

DEBT

Treasury sells 6.0 billion euros new 6-month BOT bills. Subscriptions close at 1000 GMT.

COMPANIES

TELECOM ITALIA TLIT.MI (TIM), MEDIASET MS.MI

Italy and France's Vivendi (PA:VIV) are trying to work together on Rome's plan for a national broadband network, easing tensions after the media giant, a key shareholder in Telecom Italia and Mediaset , complained about an Italian bill potentially curbing its business in the country, sources said. parliament late on Wednesday approved the law.

The European Commission doesn't see any concentration issues to the proposed spin-off of Tim's last-mile grid and a sale of a minority stake of it to U.S. investment firm KKR, a source with a knowledge with the matter said on Wednesday.

CREVAL PCVI.MI

The Italian lender said on Wednesday its board has given a mandate to the CEO to name financial and legal advisers to help the bank to evaluate Credit Agricole (PA:CAGR)'s "unaxpected and unsolicited" takeover bid. MONTE DEI PASCHI DI SIENA BMPS.MI

Board expected to meet on capital plan before effective splitting of NPLs.

FIAT CHRYSLER FCHA.MI

The automaker and France's PSA are certain their merger does not pose competitive risks to the Brazilian automotive market and are confident the local antitrust watchdog CADE will confirm its decision to approve the transaction without restrictions, a spokesman for FCA said after the two groups received a request for further analysis by one of CADE's members.

ENI ENI.MI

ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, three sources familiar with the matter told Reuters.

IMA IMAI.MI

Vehicle IMA BidCo said on Wednesday it now owned 66.66% of the Italian automatic packaging machines maker's share capital after buying a 8.2% stake. IMA BidCo has reached the threshold of IMA's share capital allowing it to proceed with the company's planned delisting, it said. PNNI.MI

Controlling shareholder PF Holdings has pledged to provide the company with 20 million euros as a "future" capital increase, Pininfarina said on Wednesday. The money will be paid on Friday, it added. FNMI.MI

The Italian regional railway group said on Wednesday its board approved guidelines for its new five-year strategic plan to 2025. The plan will be finalised in the first months of next year, it said. MEDIOLANUM BMED.MI , UNIPOL UNPI.MI , BANCO DESIO DESI.MI

A consortium of buyout fund Apax and digital services firm Reply has dropped out of the auction process for Italian banking software firm Cedacri, two sources told Reuters, leaving three bidders vying for control of the 44-year old business. ENEI.MI

Following bond holders' meetings: "1,250,000,000 euro Capital Securities due 2074" (1400 GMT); "750,019,000 euro 5.5 Year Non-Call Capital Securities due 2078" (1530 GMT); "750,000,000 euro 8.5 Year Non-Call Capital Securities due 2081" (1700 GMT).

CATTOLICA ASSICURAZIONI CASS.MI

Ends offering shares, subject to withdrawal.

DIARY

'Milano Fashion Global summit 2020' digital edition continues; ends on Nov. 27. Expected attendees include Italian luxury goods companies association Altagamma President Matteo Lunelli, Ferretti Group CEO Alberto Galassi, Hines Italian unit Country Head Mario Abbadessa, Damiani Group Vice President Silvia Damiani, FCA FCHA.MI Maserati unit CEO Davide Grasso. (0830 GMT).

Rome, Leonardo LDOF.MI representatives due to speak before Parliamentary Committee for the Security of the Republic (COPASIR) (0900 GMT).

Fortune Italia ends online "Sustainability Forum" with Health Deputy Minister Pierpaolo Sileri, Philip Morris (NYSE:PM) PM.N Italian unit CEO Marco Hannapel, Siemens SIEGn.DE Italian unit Chairman and CEO Claudio Giovanni Picech (0900 GMT).

ISPI continues 6th virtual edition of MED-Mediterranean Dialogues; ends on Dec. 4. Expected attendees include UAE Foreign Minister Anwar Gargash, Italian Interior Minister Luciana Lamorgese, EU Commissioner for Interior Affairs Ylva Johansson, International Organization for migration (IOM) Director General Antonio Vitorino, Maltese Minister of Foreign and European Affairs Evarist Bartolo, Libyan Interior Minister Fathi Ali Abdul Salam Bashagha, Slovenian Foreign Minister Anze Logar, Palestinian Foreign Minister Riyad Al Malki (1000 GMT).

Online news conference "Hydrogen trains, a journey with zero environmental impact" with Lombardy Region Governor Attilio Fontana, FNM FNMI.MI Chairman Andrea Gibelli, FNM Director General and Trenord CEO Marco Piuri, Alstom ALSO.PA Italian unit CEO Michele Viale (1100 GMT).

Rome, Foreign Affairs Minister Luigi Di Maio on 2021 budget and 2021-2023 multi-annual budget (1200 GMT) and EU Commissioner for international partnership Jutta Urpilainen speak via videoconference (1330 GMT) before Senate and Chamber of Deputies Foreign Affairs committees.

Rome, Senate Finance Committee meets on 'Ristori decree' (1400 GMT).

Italy - Factors to watch on Nov. 26
 

Related Articles

Bitcoin tumbles 9.95% to $48,397.56
Bitcoin tumbles 9.95% to $48,397.56 By Reuters - Dec 04, 2021

(Reuters) - Bitcoin dropped 9.95% to $48,397.56 at 18:02 GMT on Saturday, losing $5,346.13 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email