Italy - Factors to watch on November 4
The following factors could affect Italian markets on Monday.
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 IT/DIA.
ECONOMY
October PMI manufacturing HCOB data (0845 GMT).
Transport Ministry releases October car sales data (1700 GMT).
October state sector borrowing requirement data.
COMPANIES
TELECOM ITALIA (TIM) TLIT.MI
Italy's biggest telecoms firm is considering an extraordinary one-off bonus of up to 20 million euros for a pool of 350 executives, the company said in a statement on Saturday, responding to media reports. The company said no decision had been taken yet and that any potential one-off payment would not affect current financial targets.
(*) ENI ENI.MI
The energy group said on Monday it pocketed $1 billion from a planned sale of the Nikaitchuq and Oooguruk upstream offshore assets in Alaska to U.S. private company Hilcorp.
It added that "considering completed deals and actions in progress" it now expects to substantially achieve by 2025 the target of raising 8 billion euros, initially set for the 2024-2027 plan.
MONCLER MONC.MI
Fashion news site Miss Tweed reported "growing industry chatter" that Moncler could be considering making a bid for London-listed Burberry to create an outdoor specialist giant. Asked about the report, Moncler said it did not comment on "unsubstantiated rumours".
(*) BASICNET BCNT.MI
After having sold a 40% share of K-way to fund Permira, the group intends to keep a stake in the waterproof jacket maker, whose size it expected to at least double in the next 5-6 years, the two vice-presidents of Basicnet, brothers Alessandro and Lorenzo Boglione, told Corriere della Sera's weekly publication L'Economia in an interview published on Monday. They added that they plan to list K-way separately and to make the brand grow in Europe as well as in China and in the United States.
Given the latest sale, Basicnet could look "at preys of greater size", though staying focused on brands that have potential and need to be relaunched.
(*) STMICROELECTRONICS STMMI.MI
Morgan Stanley on Monday cut its rating to 'underweight' from 'equal weight' and its target price to 20 euros from 35 euros.
(*) ITALGAS IG.MI
Morgan Stanley on Monday raised its rating to 'equal-weight' from 'underweight' and its target price to 5.60 euros form 5.10 euros.
(*) JUVENTUS FC JUVE.MI
An own goal by Maduka Okoye and Nicolo Savona's strike earned Juventus a 2-0 win at Udinese in Serie A on Saturday, as the visitors snapped a three-game winless run in all competitions.
UNIEURO UNIR.MI
Fnac Darty FNAC.PA and RUBY Equity Investment Sarl re-open voluntary public tender and exchange offer on Unieuro ordinary shares; end on Nov. 8.
DIARY
Economy Minister Giancarlo Giorgetti attends Eurogroup meeting in Brussels.
Rome, 7th edition 'OECD World Forum on Well-being' on "Strengthening well-being approaches for a changing world" starts (0800 GMT); ends on Nov. 6. On Monday, at the inaugural session, OECD Secretary General Mathias Cormann, ISTAT President Francesco Maria Chelli and Economy Minister Giancarlo Giorgetti via videoconference (1300 GMT); expected attendees include Assicurazioni Generali GASI.MI Chairman Andrea Sironi (1330 GMT).
Rome, G7 'Sustainable Urban Development' ministerial meeting continues; ends on Nov. 5.
Abu Dhabi, ADIPEC event starts, Eni CEO Claudio Descalzi due to speak at round-table event in the morning.
For Italian market data and news, click on codes in
brackets:
20 biggest gainers (in percentage).............PG.MI
20 biggest losers (in percentage)..............PL.MI
FTSE IT allshare index .FTITLMS
FTSE Mib index........ .FTMIB
FTSE Allstars index... .FTSTAR
FTSE Mid Cap index.... .FTITMC
Block trades.......... .BLK.MI
Stories on Italy...... IT-LEN
For pan-European market data and news, click on codes in
brackets:
European Equities speed guide...................EUR/EQUITY
FTSEurofirst 300 index...............................FTEU3
DJ STOXX index.......................................STOXX
Top 10 STOXX sectors............................PGL.STOXXS
Top 10 EUROSTOXX sectors.......................PGL.STOXXES
Top 10 Eurofirst 300 sectors....................PGL.FTEU3S
Top 25 European pct gainers........................PG.PEUR
Top 25 European pct losers.........................PL.PEUR
Main stock markets:
Dow Jones................DJI Wall Street report ......N
Nikkei 225..............N225 Tokyo report.............T
FTSE 100................FTSE London report............L
Xetra DAX..............GDAXI Frankfurt market stories.F
CAC-40..................FCHI Paris market stories....PA
World Indices.....................................0#.INDEX
Reuters survey of world bourse outlook.........EQUITYPOLL1
Western European IPO diary..........................WEUIPO
European Asset Allocation........................EUR/ASSET
Reuters News at a Glance: Equities...............TOP/EQE
Main currency report:...............................FRX/
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