Italy - Factors to watch on September 26

The following factors could affect Italian markets on Friday.

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 .

ECONOMY

ISTAT releases September consumer and business confidence data (0800 GMT).

DEBT

Treasury sells 3.5-4.0 billion euros of new 2.85% BTP bonds due February 1, 2031; 1.5-2.0 billion euros of 3.60% BTP bonds due October 1, 2035; 1.0-1.5 billion euros of CCTeu bonds due April 15, 2043; 1.0-1.25 billion euros of 4.00% BTP Green bonds due April 30, 2035. Subscriptions close at 0900 GMT.

COMPANIES

(*) UNICREDIT MIL:UCG

The Italian bank is open to permanently increase the number of German nationals on its board of directors if it helps facilitate a takeover of Commerzbank XETR:CBK, the Financial Times reported on Friday, citing people familiar with the matter.

If the Commerzbank takeover fails, UniCredit's "plan B" could target the German bank's Polish assets, starting from its local subsidiary mBank, MF reported on Friday.

(*) BANCA MONTE DEI PASCHI DI SIENA MIL:BMPS

Alphavalue has initiated coverage of the Tuscan lender with an 'add' rating and a target price of 10.10 euros.

(*) SAIPEM MIL:SPM, WEBUILD MIL:WBD

Italian construction group Pizzarotti is not for sale, Chairman Paolo Pizzarotti told daily Corriere della Sera and Il Sole 24 Ore newspapers, adding however that his family might consider opening up the capital to a minority investor. In his comments, he said Webuild, Ghella, Saipem and Ferrovie dello Stato have expressed an interest for a unit of the company.

(*) SAIPEM

The Italian energy contractor said on Friday it had received authorisation from ExxonMobil to proceed with the development of an offshore oil field in Guyana, with a contract value of around $500 million.

(*) ENI MIL:ENI

Italy's antitrust regulator said on Friday it had fined the Italian energy major 336 million euros for restricting competition in the sale of fuel for trucks in collusion with five other oil companies operating in the country, which were also fined.

(*) EDISON MIL:EDNR

French utility EDF is angling towards a re-listing of the Italian energy company on the Milan bourse instead of opening the capital up to a minority investor, Corriere della Sera daily said on Friday.

(*) TAMBURI MIL:TIP, ELICA MIL:ELC, DEXELANCE MIL:DEX

The United States will impose a 50% tariff on imports of all kitchen cabinets, bathroom vanities, and associated products and a 30% tariff on upholstered furniture, with all the new duties to take effect from October 1, President Donald Trump said on Thursday.

(*) IVECO MIL:IVG, RECORDATI MIL:REC,

President Donald Trump on Thursday unveiled a fresh round of punishing tariffs on a broad range of imported goods, including 100% duties on branded drugs and 25% levies on heavy-duty trucks, set to come into force next week.

BRUNELLO CUCINELLI MIL:BC

The luxury group on Thursday rejected reports by short sellers that it is still conducting substantial business in Russia, saying its reduced activities in the area are in full compliance with European Union regulations.

BANCA MEDIOLANUM MIL:BMED

Fitch Ratings said on Thursday it had upgraded the bank's long-term default rating (IDR) to 'BBB+' from 'BBB', following the upgrade of Italy's sovereign rating.

CREDITO EMILIANO MIL:CE

Fitch Ratings said on Thursday it had upgraded the lender's IDR to 'BBB+' from 'BBB', following the upgrade of Italy's sovereign rating.

TELECOM ITALIA (TIM) MIL:TIT

The phone group said on Thursday it had picked former Bank of Italy official Alessandra Perrazzelli to fill a seat on the its board of directors.

JUVENTUS MIL:JUVE

Board meeting on FY results.

DIARY

Milan, ECB board member Piero Cipollone attends ECB-CEPR-Bocconi university conference on payments (0715 GMT).

Olbia, the EXPO of countries bordering the Mediterranean-MEDFEST continues; ends on September 28. On Friday expected attendees include Environment and Energy security Minister Gilberto Pichetto Fratin, Infrastructure and Transport Minister Matteo Salvini or Deputy Minister Edoardo Rixi, Louis Vuitton EURONEXT:MC CEO Pietro Beccari.

Pescara, "Abruzzo Economy Summit, States-General of the Economy" conference ends; on Friday expected attendees include Poste Italiane MIL:PST Director General Giuseppe Lasco, Monte dei Paschi di Siena MIL:BMPS Chairman Nicola Maione, Labour Minister Marina Calderone and Foreign Minister Antonio Tajani.

((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 indexFTSE:E3X DJ STOXX indexTVC: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 JonesDJ:DJI Wall Street report Nikkei 225TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAXXETR:DAX Frankfurt market stories CAC-40EURONEXT: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: