May 17, 2018 / 6:56 AM / 4 months ago

Italy - Factors to watch on May 17

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 .

POLITICS

Italy's two anti-system parties on Wednesday appeared on the verge of clinching a deal to form a coalition government after 10 weeks of stalemate, rattling markets with radical ideas to free up billions of euros for tax cuts and welfare.

ECONOMY

ISTAT releases March foreign trade data (0800 GMT).

DEBT

Treasury offers new 8-year 'BTP Italia' bond to institutional investors (morning only).

Italy sold 4.057 billion euros ($4.78 billion) of a new 'BTP Italia' inflation-linked bond over three days to retail investors, as small buyers hunting for higher returns shrugged off political uncertainty.

Polish debt collector KRUK targets increasing bad loans under management at its recently acquired debt recovery company in Italy, Agecredit, by nearly eight times to 3 billion euros ($3.5 billion) by 2021.

COMPANIES (*) FIAT CHRYSLER

European car sales rose 9.6 percent in April, led by Toyota , Hyundai and Ford, and boosted by an increase in the number of business days, according to industry data published on Thursday.

Fiat Chrysler lost ground as its sales edged just 2.3 percent higher, underperforming the market thanks to a 4.5 percent decline at the core Fiat brand.

RECORDATI

Buyout fund CVC Capital Partners held talks with Italian drugmaker Recordati over a possible 8 billion euro ($9.4 billion) takeover, but has put the deal on hold due to concerns about the hefty price tag and political uncertainty, three sources familiar with the matter said.

TELECOM ITALIA

TIM on Wednesday reported a bigger-than-expected drop in first-quarter earnings, hit by provisions made for fines Italy imposed on the phone group as part of the so-called golden power decree which the group is appealing.

Conference call on Q1 results (1200 GMT).

In a separate statement, TIM said Vivendi was no longer a party exercising control and coordination over the company.

(*) YNAP

Online luxury retailer Yoox Net-a-Porter (YNAP) will be delisted from the Milan Stock Exchange on June 20 after Cartier owner Richemont reached nearly 95 percent of YNAP's ordinary shares following a takeover.

Luxury goods group Richemont has launched a new watch brand, Baume, offering trendy time pieces priced in the hundreds rather than the thousands of dollars to lure young people away from their smartphones for reading the time.

(*) ENI

Portugal's Environmental Agency gave its tacit approval on Wednesday to a consortium of Galp Energia and Italy's Eni to drill an oil exploration well off the Alentejo region's coast, a project that environmental activists are trying to block.

(*) MONDADORI

Croatia's European Network has approached Mondadori with an offer to buy some of its magazines, Il Sole 24 Ore reported.

A2A, ACSM-AGAM

A six-way merger of local Italian utilities got its final go ahead on Wednesday in a deal that will involve A2A launching a takeover bid on smaller peer ACSM-AGAM.

UNICREDIT

Director General Gianni Franco Papa attends opening ceremony of 'Flagship Subito Casa' in Rome (1345 GMT).

BANCA MONTE DEI PASCHI DI SIENA

CEO Marco Morelli attends "Officina Mps" event in Milan (1400 GMT).

IMA

Chairman and CEO Alberto Vacchi attends "2018 Global Trade and Innovation Policy Alliance Summit" in Milan (0800 GMT).

PANARIAGROUP

The company reported a first-quarter net loss of 0.3 million euros.

NEODECORTECH

The company has appointed Alberto Francois as chairman after Gianluca Valentini resigned for personal reasons.

Board meetings on Q1 results: EQUITA GROUP, PARMALAT, SAFE BAG (sales).

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:...............................

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