Italy - Factors to watch on November 9
The following factors could affect Italian markets on Monday.
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
POLITICS
The Group of Seven (G7) foreign ministers meeting in Paris on Monday and Tuesday will discuss recent cyber attacks suspected to have come from pro-Russian groups, Italian Foreign Minister Antonio Tajani said on Sunday.
ECONOMY
Italy has not yet made a choice between the Spanish and Dutch candidates to replace Christine Lagarde as president of the European Central Bank (ECB), officials from Prime Minister Giorgia Meloni's office said on Friday.
Binding bids for Italy's former Ilva steelworks were due by Sunday evening, as the government pushes ahead with the sale of the group under special administration after a court ruling ordering the shutdown of its blast furnaces further complicated the process.
DEBT
Italy's Treasury said on Friday it would sell €8.5 billion euros in BOT bills at an auction on November 11.
The Treasury on Monday is expected to announce details of the upcoming medium-long term bond auction.
COMPANIES
UNICREDIT CRDI.MI
The lender releases quarterly results, with a post-results analyst call scheduled for 1000 CET (0900 GMT)
INTESA SANPAOLO ISP.MI, GENERALI GASI.MI, MONTE DEI PASCHI DI SIENA (MPS) BMPS.MI
Italy's market regulator Consob has approved Intesa's takeover offer document for Monte dei Paschi and EU follow-on prospectus, with an acceptance period from November 24 to January 22, Intesa said on Sunday.
Among the remedies sought by Italy's antitrust authority for Intesa Sanpaolo's planned takeover of Monte dei Paschi is the appointment of a mentoring trustee to enforce a Chinese wall with Generali and prevent the flow of competitively sensitive board-level information between the lender and the insurer, Corriere della Sera daily reported on Saturday.
MONTE DEI PASCHI (MPS), GENERALI, MEDIOBANCA MDBI.MI
The Tuscan lender said on Saturday that the European Banking Authority clarified that Mediobanca's individual-level "Danish compromise" grandfathering treatment for its stake in Generali cannot automatically be extended to the MPS group, with no impact on MPS's consolidated capital ratios as it has never applied the regime.
WEBUILD WBD.MI
The construction company said on Friday it had secured clearance from France's Economics and Finance Ministry for the foreign investments involved in its mandatory bid for Trevi TFI.MI. A November 5 decision found that the acquisition of control of Trevi's French subsidiaries does not require any conditions, restrictions or commitments, the statement said.
PININFARINA PNNI.MI
The takeover bid launched by PF Holdings, the investment vehicles of India's Mahindra Group, crossed the 90% threshold of the Turin-based company's share capital on Friday, bringing the group's delisting closer. PF Holdings now holds more than 93% of Pininfarina's share capital, including both the stake it owned before the offer and the shares tendered during the acceptance period.
LAZIO LAZI.MI, JUVENTUS JUVE.MI
On Sunday, the Roman club remained at the top of Serie A standings after a 1-1 draw at Napoli, while Turin's bianconeri drew 2-2 at Fiorentina and remained seventh.
FASHION
Italian fashion labels Patrizia Pepe and Dixie have been placed under court administration over the alleged exploitation of foreign workers in their supply chain in Tuscany, prosecutors and judicial sources said on Friday.
DOVALUE DOVA.MI and NEWPRINCES NWLF.MI to present quarterly results.
DIARY
Rome, Cabinet meeting on possible energy measures (1600 GMT).
Milan, Finance Community Week at the Four Seasons Hotel.
Milan, Intesa Sanpaolo and Prometeia present the 110th Report on Industrial Sector Analysis, focused on Italian manufacturing and sector forecasts (1030 GMT).
Paris, Foreign Minister Antonio Tajani takes part in G7 meeting.
Brussels, Economy Minister Giancarlo Giorgetti takes part in meetings of euro zone and EU finance ministers.
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
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/