Italy – Factors to consider on June 2 | Instant News


The following factors can affect the Italian market on Tuesday.

Reuters has not yet verified newspaper reports, and cannot guarantee its accuracy. New items are marked with (*).

For a complete list of diary events in Italy, please click.

VIRUS CORONA

Deaths from the COVID-19 epidemic in Italy rose by 60 on Monday, against 75 the day before, the Civil Protection Agency said, while the daily number of new cases dropped to only 178 from 355 on Sunday.

DEBT

Italy recorded a deficit of the country’s sector budget of 25.5 billion euros ($ 28 billion) in May, up compared with 0.949 billion euros in the same month last year, the Ministry of Finance said Monday.

ASSICURAZIONI GENERALI, MEDIOBANCA

Billionaire optician Leonardo Del Vecchio has asked permission from the European Central Bank to double its ownership in Mediobanca, raising the prospect of major changes in the Italian financial world.

(*) Del Vecchio is unlikely to present his own candidate for the upcoming Mediobanca board renewal, while he can seek approval with CEO Alberto Nagel to have two representatives on the list presented by the Mediobanca board, Il Sole 24 Ore is reported.

(*) The Italian government does not plan to use the special powers it has to protect companies that are considered to have strategic interests for the country in relation to Mediobanca but, once Del Vecchio begins to increase its ownership, will demand an Italian identity from Mediobanca and Generali. and the quality of their top executives is guaranteed, Repubblica reported.

(*) Generali investor Francesco Gaetano Caltagirone could increase its ownership to 8-10% from the current 5.1% to be able to have a say in appointing a new insurance company board within two years, La Stampa reported.

CHRYSLER FIAT

New car registrations in Italy fell for the fifth consecutive month in May, down 49.61% from a year earlier, the transportation ministry said Monday. Reuters calculations show FCA sales fell 57%.

(*) ATLANTIA

Macquarie was interested in investing in Autostrade only together with the state lender CDP and as long as the Benetton family was a minority investor, la Repubblica reported adding that the agreement would be more complicated if a preliminary agreement was not reached by the end of June.

FARMAFACTORING BANCA

BFF Luxembourg has cut its stake in Banca Farmafactoring to 11.9% from 21.9% by selling 17 million shares of 5.2 euros each through accelerated bookbuilding procedures, raising € 88.4 million. BFF Lux, who was advised by Rothschild, agreed to a locking period of 60 days after the sale. Jefferies manages transactions.

(*) CATTOLICA ASSICURAZIONI

Issuing Tier1 bonds to raise capital, as considered by the council, in addition to the issue of new shares may become too expensive, Il Sole 24 Ore reported.

Cattolica must comply with IVASS steps to increase its solvency by mid-July, MF reported.

(*) ENI

The oil and gas group is almost completing its business reorganization into two major divisions with Chief Upstream Officer Alessandro Puliti in charge of the oil business, including upstream and middle activities, and CFO Massimo Mondazzi in charge of the remaining business, Il Sole 24 Ore reported.

(*) UNICREDIT

The bank’s board recently recruited head hunter Spencer Stuart when the governance committee began working on the renewal of the board of directors, MF reported.

SAFILO GROUP

The Italian eyewear manufacturer said Monday it had closed the acquisition of a 70% stake in California-based Blender Eyewear.

REPLY

Top shareholder Alika said on Monday it had completed the placement of a 5.35% stake in a digital services company through accelerated book-making procedures at a price of 72 euros per share.

JUVENTUS, LAZIO, AS ROMA

The Serie A team will face two matches a week for the rest of the season after the league restart after the termination of the new coronavirus, according to a list of fixtures published on Monday.

(*) ALITALIA

The EU Commission has rejected a proposal by interim administrator Alitalia Giuseppe Leogrande to lease to newly created airlines and aircraft carrier maintenance, saying that Alitalia needs to be sold and streamlined to have a new state-funded company, Il Sole 24 Ore reported sources citing.

After the closing market hours.

TENARIS

Annual general meeting (1300 GMT).

For Italian market data and news, click on the code in parentheses:

20 biggest profit (in percentage) …………

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

FTSE IT allshare index

MTS FTSE Index ……..

Allstar FTSE Index …

FTSE Middle Cap Index.

Block trade ……….

A story about Italy …… IT-LEN

For pan-European market data and news, click the code in brackets: Quick Guide to European Equity ………………. FTSEurofirst 300 Index ………. ……………….. DJ STOXX index ……………………… ……….. Top 10 sectors of STOXX …………………………. Top 10 sectors of EUROSTOXX … ………………. Top 10 Eurofirst 300 sectors ………………. Top 25 European gainers .. ………………… 25 of the best European losers ………………….. Main stock market: Dow Jones …………… Wall Street Report ….. Nikkei 225 …………. Tokyo report … …….. FTSE 100 …………… London Report ……….. Xetra DAX ……… … The story of the Frankfurt CAC-40 market …………….. The story of the Paris market … World Index …………… ………………… Reuters survey of the prospects of the world market ……… West European IPO diary ……… ……………. European Asset Allocation …………………… Reuters News at a Glance: Equity. ………….. Main stream y la report: ………………………….

.



image source

to request modification Contact us at Here or [email protected]