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Italy – Factors to watch on May 17


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

Italian Deputy Prime Minister Matteo Salvini reiterated its defying tone against European Union budget rules on Thursday, even as Economy Minister Giovanni Tria tried to reassure markets that Rome remain committed in keeping its finances under control..

ENEL, TELECOM ITALIA

Italy’s biggest utility has had “no formal contacts” over a possible tie-up of its jointly owned broadband infrastructure network Open Fiber with Telecom Italia (TIM), Enel’s Chief Executive Francesco Starace said on Thursday.

LEONARDO

The Italian defence group is in talks with a potential partner for an alliance in the torpedo business and has expressed interest for the engines and aircraft maintenance business of Piaggio Aerospace, CEO Alessandro Profumo said on Wednesday.

AUTOGRILL

The Italian caterer said on Thursday that new accounting standards IFRS 16 can have a negative impact on the company’s net profit in the first year of introduction, but will not impact net cash flow generation..

DIARY

Milan, “EU-Japan EPA Forum” ends (0645 GMT); expected attendees include Industry Ministry Undersecretary Michele Geraci, Mitsubishi Chairman Masaki Sakuyama, EU Commissioner for Trade Cecilia Malmstroem.

Rome, conference on the role of banking foundations with state lender Cassa Depositi e Prestiti Group (CDP) Chairman Massimo Tononi (0830 GMT).

Milan, Intesa Sanpaolo, conference with Chairman Gian Maria Gros-Pietro; (0930 GMT).

Bergamo, conference with Cabinet Undersecretary Giancarlo Giorgetti (1600 GMT).

Rome, banking association ABI holds conference with ABI Director General Giovanni Sabatini, UBI Banca Deputy Chairman Roberto Nicastro, UniCredit adviser Maria Pierdicchi (1345 GMT).

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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