Italy - Factors to watch on Feb. 10

  • Reuters
  • Stock Market News
Italy - Factors to watch on Feb. 10

The following factors could affect Italian markets on Wednesday.

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 .

GENERAL

Italy reported 422 coronavirus-related deaths on Tuesday against 307 the day before, the health ministry said, while the daily tally of new infections rose to 10,630 from 7,970 the day before. (*) The European Medicines Agency is expected to give its approval to the COVID-19 vaccine developed by Johnson & Johnson (NYSE: JNJ ) JNJ.N by March, the Managing Director of Janssen Italia, part of the J&J group, said on Wednesday. political parties on the left and right enthused at the prospect of backing a Mario Draghi government after meeting the prime minister-designate on Tuesday as he wrapped up his second round of consultations. sells 7.0 billion euros new 12-month BOT bills. Subscriptions close at 1000 GMT.

COMPANIES

BANCO BPM BAMI.MI

Italy's third-largest bank on Tuesday posted a higher-than-expected fourth-quarter loss hit by one-off charges borne to close branches and cut staff, as well as higher provisions against loan losses. bank is studying the best fit in a possible merger, its chief executive said, adding a tie-up remained a key objective. BANCA MONTE DEI PASCHI DI SIENA BMPS.MI

Losses at Italian bank Monte dei Paschi di Siena BMPS.MI soared to 1.69 billion euros in 2020, the state-owned lender said on Wednesday, though its capital buffers held up supported by capital management actions. FBK.MI

The multi-channel bank plans to pay a dividend as soon as regulators will allow it after the Italian lender posted a 19.2% rise in its 2020 adjusted net profit, as the coronavirus emergency boosted online banking services. ATL.MI

The infrastructure company returned to the eurobond market with a new 1.0 billion issue, maturing in 2028. GENERALI BGN.MI

Board meeting on preliminary FY results, followed by conference call (1300 GMT).

ILLIMITY BANK ILTY.MI

Board meeting on preliminary FY results.

UNICREDIT CRDI.MI , BANCA MONTE PASCHI, BPM

Board meeting on FY results (press release on Feb. 11). (*) CEO designate Andrea Orcel could consider a three-way tie-up with Monte dei Paschi and Banco BPM, Il Corriere della Sera said.

(*) SNAM SRG.MI

Galaxy Pipeline Assets BidCo, owned by a consortium of investors including Snam that took a stake in Abu Dhabi National Oil Company's natural gas pipeline assets, launched $3.92 billion in a dual-tranche amortising bond offering on Tuesday, a document showed. NEXI NEXII.MI

After the agreement reached in October, the signing off on the merger of electronic payments groups Nexi and SIA is imminent, Il Messaggero said. The SIA board meets Wednesday and Nexi's on Thursday with the other parties involved, CDP Equity and Mercury, also due. The planned tie up between Nexi and Nets is expected to be signed off at the end of the summer, it said.

(*) JUVENTUS JUVE.MI

Juventus booked a place in the Coppa Italia final after holding visitors Inter Milan to a draw in their semi-final, second leg on Tuesday. Prime Minister designate Mario Draghi meets employers' association Confindustria President Carlo Bonomi (1045 GMT); trade unions Secretary General Maurizio Landini for CGIL, Annamaria Furlan for CISL and Pierpaolo Bombardieri for UIL (1145 GMT).

Rome, Bank of Italy Governor Ignazio Visco speaks before Banking Committee on European rules on calendar provisioning and client classification by banks (1300 GMT).

Rome, Senate Constitutional Affairs Committee meets on COVID-19 further containment measures and 2021 elections (1000 GMT).

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