Business
Italy - Factors to watch on November 11
Italy - Factors to watch on November 11
About this update from Banco Bpm Spa
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 . DEBT The Italian Treasury said it would offer up to 8 billion euros ($9.33 billion) in four BTP bonds at an auction on November 13. ECONOMY Bank of Italy releases September data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks. COMPANIES UNICREDIT MIL:UCG , BANCO BPM MIL:BAMI The Italian bank had filed an appeal on Monday with Italy's top administrative court over government-set terms for its failed takeover bid for rival Banco BPM, two sources with knowledge of the matter said. NEXI MIL:NEXI Italy's Cassa Depositi e Prestiti (CDP) opposes the payments group selling a majority stake in its digital banking solutions business to U.S. private equity fund TPG, two sources close to the matter told Reuters on Monday. (*) BANCO DESIO MIL:BDB Italiana Assicurazioni, part of the Reale Mutua group, Switzerland's Helvetia (HELM.S) and Germany's Allianz XETR:ALV have been selected to proceed to the second phase of the tender to become partners of the Italian bank's non-life insurance business, MF reported on Tuesday. INWIT MIL:INW Italy's biggest mobile telecoms towers company on Monday posted a 5.9% rise in third-quarter net profit to 92.1 million euros ($107.41 million) but lowered revenue guidance for next year. (*) JP Morgan on Tuesday cut INWIT's rating to 'neutral' from 'overweight' and cut the target price to 11.80 euros from 13.40 euros Conference call on Q3 results (0930 GMT). (*) AVIO MIL:AVIO Raytheon and Lockheed Martin NYSE:LMT will be the major customers of Avio's planned solid rocket motor plant in the United States, the Italian rocket maker said on Monday. The defence arm of aerospace giant RTX NYSE:RTX , and Lockheed Martin will have preferred access to a share of production at the plant, the companies said in two separate statements on the two agreements. OVS MIL:OVS The Italian clothing retailer said on Monday it had submitted a 15 million euro binding offer for Kasanova, an Italian brand specialized in homeware products. A2A MIL:A2A Releases Q3 results and business plan update. RECORDATI MIL:REC Releases Q3 results. DIARY Foreign Minister Antonio Tajani attends G7 Foreign ministers meeting in Canada (to November 12). Rome, the government hosts a meeting with representatives from metalworkers' unions for an update on the Acciaierie d'Italia steelmaker (ex Ilva) (1700 GMT). Rome, Infrastructure and Transport Minister Matteo Salvini, Poste MIL:PST CEO Matteo Del Fante, Fincantieri MIL:FCT CEO Pierroberto Folgiero attend event organised by National Center for Sustainable Mobility (MOST) (0800 GMT). Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin attends presentation of "GreenItaly 2025" report (1330 GMT). Milan, CRIF holds event 'Tomorrow Speaks 2025' "Boosting sustainable growth with CRIF Metadata" (0830 GMT); expected attendees include Economy Ministry Director General Riccardo Barbieri Hermitte, Intesa Sanpaolo MIL:ISP Isybank unit CEO Antonio Valitutti, doValue MIL:DOV CEO Manuela Franchi, BNL BNP Paribas CEO Elena Goitini, Banco BPM MIL:BAMI Chairman Massimo Tononi. ((Milan newsroom, e-mail: )) 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 FTSE:ITLMS FTSE Mib index .FTMIB FTSE Allstars index... FTSE:ITSTAR FTSE Mid Cap index (.FTITMC)Block trades (.BLK.MI)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 FTSE:E3X DJ STOXX index TVC:SXXP 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 DJ:DJI Wall Street report Nikkei 225 TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAX XETR:DAX Frankfurt market stories CAC-40 EURONEXT:PX1 Paris market stories World Indices(0#.INDEX) Reuters survey of world bourse outlook(EQUITYPOLL1) Western European IPO diary(WEUIPO) European Asset Allocation Reuters News at a Glance: Equities Main currency report: ($1 = 0.8575 euros)