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Italy - Factors to watch on October 9
Italy - Factors to watch on October 9
About this update from Ferretti S.p.a.
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 .ECONOMYItaly's budget deficit could fall under 3% of national output as early as this year, Economy Minister Giancarlo Giorgetti said on Wednesday.Bank of Italy releases August data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks. Bank of Italy releases survey on inflation and growth expectations (0830 GMT). DEBTTreasury announces sale of BTP bonds, with relative amounts to be auctioned on October 14.COMPANIES (*) BANCO BPM MIL:BAMICredit Agricole EURONEXT:ACA may accept governance restrictions tied to a potential merger between its Italian unit and Banco BPM MIL:BAMI, Italy's third-largest bank, to secure political approval for the deal, La Stampa reported on Thursday. The French lender's main focus is to boost revenues through the deal, the paper added. Italy's third-largest bank has submitted an expression of interest in acquiring a stake in Cassa di Risparmio di Asti, of which it already owns 9.9%, Corriere della Sera and MF said on Thursday. Banco BPM declined to comment, Corriere reported. (*) FERRETTI MIL:YACHTChinese group Weichai, the largest shareholder of the yacht producer, blamed CEO Alberto Galassi of sidelining its directors, Bloomberg reported, according to several newspapers on Thursday. EDISON MIL:EDNRSenior executives at EDF are meeting with investment bankers in Paris as the French utility weighs options for its Italian business, including a return to the stock market, three sources said on Wednesday.FERRARI MIL:RACE'Capital Markets Day' and presents its first electric sportscar (0800 GMT).DIARYPresident Sergio Mattarella attends 20th summit of Arraiolos Group countries in Tallinn (to October 10).Economy Minister Giancarlo Giorgetti attends Eurogroup meeting in Luxembourg.Rome, President Sergio Mattarella meets Chinese Foreign Minister Wang Yi (0900 GMT).Rome, Banca Monte dei Paschi di Siena MIL:BMPS CEO Luigi Lovaglio addresses Parliamentary Banks Committee on Italian banks mergers (1230 GMT).Rome, Senate holds 'question time' session with Industry Minister Adolfo Urso (1300 GMT).Rome, Industry Minister Adolfo Urso atte...