Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Italy - Factors to watch on Oct. 15

Published 2020-10-15, 01:53 a/m
© 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 .

CORONAVIRUS

Italy has registered 7,332 new coronavirus infections over the past 24 hours, the health ministry said on Wednesday, the country's highest ever daily tally and steeply up from 5,901 on Tuesday. releases August orders and sales data (0800 GMT).

Bank of Italy releases September data on public finances, state borrowing and debt.

COMPANIES

ATLANTIA ATL.MI

The infrastructure group and state lender CDP may have found a way to overcome one of the main hurdles in talks over the sale of the infrastructure group's motorway unit, two sources said. A price adjustment mechanism, which would allow the buyer to cut the acquisition price for Autostrade by a pre-agreed amount to account for future damage claims linked to a bridge collapse, could be the solution to long drawn-out negotiations. (*) CDP is considering creating two different vehicles to partner with Italian and foreign investors and complete the Autostrade deal, Il Sole 24 Ore said. This structure would give CDP the equivalent of a 23% stake in Autostrade, it added. (*) Investors led by CDP could make a non-binding offer by Sunday, daily Il Messaggero said, adding Rome was pushing Italian infrastructure fund F2i to join the deal to increase the weight of domestic investors.

Italy's transportation authority said the tariff system that Atlantia 's motorway unit Autostrade had included in its new economic and financial plan differed significantly from the model the regulator had proposed.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

(*) BANCO BPM BAMI.MI

The lender signed a confidentiality agreement with Credit Agricole CAGR.PA to exchange information and data, a first step towards formal talks over a possible merger with the Italian unit of the French bank, daily Il Messaggero said. The report added that Banco BPM would represent 55-60% of the possible new business combination which would be created after an exchange offer. MDBI.MI

Leading proxy adviser Glass Lewis has joined rival ISS in recommending Mediobanca shareholders vote for a slate of directors put forward by the outgoing board, two sources said on Wednesday. FIAT CHRYSLER FCHA.MI

The automaker and the union representing about 9,000 workers at its three Canadian factories reached a tentative agreement on Wednesday, averting a strike that threatened to ripple across the auto maker's North American operations, the Wall Street Journal said. ENI ENI.MI

Chief Executive Claudio Descalzi should be acquitted of corruption in a legal case concerning the purchase of an oilfield in Nigeria since there is no evidence to support the charges, Descalzi's lawyer told a Milan court on Wednesday. FC JUVE.MI

Napoli have been handed a 3-0 defeat and had one point deducted for failing to play their Serie A match away to Juventus earlier this month amid confusion over Italian soccer's COVID-19 rules. A champions Juventus have sent their squad into isolation after midfielder Weston McKennie tested positive for COVID-19, but they made it clear that training and matches would continue as normal for players who continue to test negative. general meeting (0800 GMT), followed by news conference with Chairman Andrea Agnelli (1330 GMT).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

BANCA POPOLARE DI BARI BPBARI.HT

Ordinary shareholders' meeting to appoint board and Chairman (1030 GMT).

DIARY

Belt&Road Inititive 3 holds conference on "Silk routes and the Italian system" with Aquafil ECNL.MI Chairman and CEO Giulio Bonazzi, Herno CEO Claudio Marenzi (0730 GMT).

Il Sole 24Ore "Innovation days- The Islands restart" online event with Sonatrach refinery CEO Rosario Pistorio, Sicily Governor Nello Musumeci, Saras SRS.MI CEO Dario Scaffardi, Tiscali TIS.MI CEO Renato Soru, Sardinia Governor Christian Solinas (0730 GMT).

Task Force Italia holds interview with Compagnia di San Paolo Foundation President Francesco Profumo (1600 GMT).

Rome, European Parliament President David Sassoli speaks via videoconference before the Senate's Human Rights Committee (1130 GMT).

Rome, Labour Minister Nunzia Catalfo speaks before the Chamber of Deputies Labour Committee (1100 GMT).

Rome, state export credit agency SACE President Rodolfo Errore and CEO Pierfrancesco Latini due to speak before the Chamber of Deputies Foreign Affairs Committee (0630 GMT).

Milan, Culture Minister Dario Franceschini attends news conference to present art exhibitions at Milan's Triennale (0845 GMT).

Milan, 'Eccellenze d'impresa' conference on "How to become a champion" prize ceremony, with Assicurazioni Generali GASI.MI Chairman Gabriele Galateri di Genola, Enel ENEI.MI Chairwoman Patrizia Grieco, Milan stock exchange Borsa Italiana CEO Raffaele Jerusalmi, RCS MediaGroup RCSM.MI Chairman Urbano Cairo (1430 GMT).

Latina, Johnson & Johnson JNJ.N group pharmaceutical company Jansenn holds news conference "Innovation for the health of patients and the Italian economy" with Health Minister Roberto Speranza (0800 GMT).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.