Italy – Factors to watch on Dec. 7


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 government is scheduled to meet in Rome (1900 GMT)

A confidence vote in the lower house of Italian parliament on the 2019 budget is likely to be held on Friday, after the government called it to help accelerate its passage.

Prime Minister Conte said it is necessary to find a solution with the European Commission on the budget for next year, though relationships with Brussels are “complicate”.

Deputy Prime Minister Luigi Di Maio said that an analysis of the main 2019 budget items shows that they will cost less than expected, adding that what is important to Brussels is that debt come down.

Venice, OECD ends conference on “Unleashing the Transformative Power of Culture and Creativity for Local Development” with OECD CRT Foundation Secretary General Massimo Lapucci (0830 GMT); Economy Minister Giovanni Tria and OECD Secretary General Angel Gurria deliver closing address.

ECONOMY

ISTAT releases October retail sales data (0900 GMT) and monthly bulletin on the state of the economy in November (1000 GMT).

Bank of Italy releases November data on Target 2 liabilities and European Central Bank funding to Italian banks.

Bank of Italy Governor Ignazio Visco attends conference on “From the South to the World: Voices and Success Stories” in Naples (0900 GMT).

DEBT

Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on Dec. 12.

TELECOM ITALIA

The board which took place on Wednesday did not called a shareholders’ meeting to appoint the company’s auditor, a source said.

ASTALDI

The Italian builder is talking to Fortress and other alternative lenders to secure 70 million euros ($80 million) of immediate bridge funding in a race to stay afloat, three sources said on Thursday. [nL8N1YB5EY}

RECORDATI

The Italian drugmaker has co-opted onto the board three new non-indipendent and executive directors after three board members resigned. Giampiero Mazza has been appointed chairman of the Board of Directors. The company has called a shareholders’ meeting on Feb. 5, 2019 to appoint a new board of directors. .

NOVA RE

The Italian real estate investment trust has agreed to buy three hotel properties in the northern cities of Verona, Bologna and Vicenza for 23.3 million euros.

Bourse After Hours market closed.

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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