August 23, 2019 / 4:04 AM / a month ago

Italy - Factors to watch on Aug. 23

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 .

POLITICS

Italy’s President Sergio Mattarella said on Thursday several parties had told him they needed more time to resolve a government crisis and avoid a snap election, and that he had told them to report back on Tuesday.

Centre-left Democratic Party on Thursday set tough new conditions for forming a coalition with the anti-establishment 5-Star Movement, making a deal between the traditional foes look more elusive and raising the chance of snap elections. (*) The leader of Italy’s 5-Star Movement was quoted as saying on Friday the party’s flagship proposal to slash the number of lawmakers could not wait - posing an apparent hurdle in talks to form a government with the rival Democratic Party.

DEBT

Italy’s Treasury said on Thursday it would offer up to 2 billion euros of zero-coupon bonds at auction on Aug. 27.

Treasury announces sale of six-month BOT bills, with relative amounts to be auctioned on Aug. 28.

COMPANIES (*) TELECOM ITALIA

The Italian telecoms group’s Brazilian unit TIM Participações said on Thursday it had signed an agreement with local telecoms regulator, Anatel, in which it committed to invest $154 million over the next three years in its services and infrastructure.

TENARIS

The steel pipe maker has won a five-year contract worth $1.9 billion to supply tubulars and services to Abu Dhabi National Oil Company (ADNOC), Tenaris said on Thursday.

MEDIASET, VIVENDI

The Italian broadcaster has filed a complaint with Italy’s market watchdog, accusing shareholder Vivendi of leaking information with a view to scuppering its corporate restructuring plans, Mediaset said on Thursday.

ILLIMITY BANK

Italian banks could offload up to another 150 billion euros in soured loans in the next five years, said Corrado Passera, the veteran Italian banker who now heads the digital lender and bad loan specialist.

TREVI FINANZIARIA

The company said on Thursday the Trevisani family, its main shareholder, had put forward a plan for signing up to agreements signed on Aug. 5 for the financial restructuring of the group.

Bourse After Hours market closed.

DIARY

Rimini, annual “Meeting dell’Amicizia” forum continues; ends on Aug. 24. Expected attendees include League’s Giancarlo Giorgetti, Economy Minister Giovanni Tria, state lender Cassa Depositi e Prestiti CEO Fabrizio Palermo.

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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