The following factors could affect Italian markets on Wednesday.
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 .
Italy’s anti-establishment 5-Star Movement, the largest party in parliament after this month’s election, should try to form a government with its far-right rivals the League, two of its senior politicians said on Tuesday.
ISTAT releases January industry orders and sales data (0800 GMT).
Welfare isntitute INPS and Labour Ministry hold news conferece on “Inclusion Income: first report” with President Tito Boeri, Prime Minister Paolo Gentiloni in Rome (0900 GMT).
State lender Cassa Depositi e Prestiti holds board meeting to approve FY results; followed by news conference to present FY results and industrial plan implementation with Chairman Claudio Costamagna and CEO Fabio Gallia in Milan (1300 GMT).
Milan, AIFI holds annual conference with Chairman Innocenzo Cipolletta, Nexi CEO Paolo Bertoluzzo, Poste Italiane CEO Matteo Del Fante, Intesa Sanpaolo Chairman Gian Maria Gros-Pietro, Avio CEO Giulio Ranzo, Bank of Italy Director General Salvatore Rossi (0700 GMT).
Treasury sells 1.5-2.0 billion euros CCTeu bonds due April 15, 2025; 2.0-2.5 billion euros 0.95 percent BTP bonds due March 1, 2023; 2.5-3.0 billion euros 2.00 percent BTP bonds due Feb. 1, 2028. Subscriptions close at 0900 GMT.
Italian Stock Exchange ‘Star Conference’ ends in Milan (0800 GMT).
Telecom Italia said on Tuesday its statutory auditors had unanimously decided to supplement the agenda of an April 24 shareholder meeting with a motion proposed by activist fund Elliott to replace six board members.
Italy’s market watchdog is investigating the resignations of Telecom Italia board members last week, two sources said, after the move which was seen as a bid by top investor Vivendi to challenge activist fund Elliott.
Telecom Italia said on Tuesday it had notified Italy’s communications regulator it had formally started the procedure to separate its fixed access network.
The group’s deputy chairman said network separation was a guarantee for Italian control. He ruled out a possible third mandate as CEO saying “I’ve already given, twice.”
Some 22,000 employees out of TIM’s 50,000 will move to the newly-created company for the fixed network, La Stampa reported on Wednesday.
Mexico awarded nearly half of the 35 oil and gas blocks tendered on Tuesday. Either alone or in consortia, Pemex won seven blocks of the 16 areas awarded by Mexico’s CNH oil regulator and Italy’s Eni was among the foreign firms who won the shallow water blocks.
Mounting geopolitical tensions will not create problems for the supply of gas from Russia into Italy, the CEO of Italian oil major Eni said on Tuesday.
Sky’s Italian unit is close to signing a deal with Italian broadband company Open Fiber that will allow it to stream programs and offer high-speed broadband services, two sources said on Tuesday.
Banca Carige said it would sell 1 billion euros of bad loans, 700 million euros of unlikely to pay.
Fincantieri full-year net profit up at 57 million euros, sees 2018 Revenues up 3-6 percent.
Conference call on FY results (also on 2018-2022 industrial plan 0700 GMT).
Shareholder Bluebell Partners has informed the bank it wants to sue for damages directors, auditors and the director general who approved the financial accounts for the years 2012, 2013 and 2014 and the six-month earnings through June 2015, the bank said in a document published on its website. (*) GENERALI
Barclays on Wednesday raised the target price to 14.4 euros from 13.8 euros.
Italian entrepreneur Francesco Gaetano Caltagirone raised his stake in the insurer to 3.86 percent, internal dealing notes showed. (*) UBI
Italy’s fifth largest lender will soon approve an updated version of its bad loan reduction plan and could, immediately after, put on the block a 1-1.5 bln euro portfolio aiming to close the sale by the end of the year, MF reported.
Credit Suisse on Wednesday cut the target price to 4.50 euros from 4.60 euros.
HSBC on Wednesday raised the target price to 14 euros from 13.5 euros.
Presents FY results.
Annual general meeting.
ACSM-AGAM
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results (preliminary FY results on Feb. 8), followed by conference call (1430 GMT).
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results, followed by conference call (1300 GMT).
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results.
Board meeting on FY results (preliminary FY results on Feb. 9).
Board meeting on FY results.
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