European Market News

Wednesday August 12, 08:12 AM
Italian Stocks - Factors to watch on Aug 12

MILAN, Aug 12 (Reuters) - 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 (*). BOURSE TRADING The after-hours market is closed. TELECOM ITALIA (Milan: TIT.MI - news) Investors in Telco, Telecom Italia's controlling shareholder, have no intention to recapitalise Telco but will seek financing from a larger group of banks before a 1.617 billion euro ($2.29 billion) loan from UniCredit (Milan: UCG.MI - news) expires in January, La Repubblica reported without citing sources. Telco's members are preparing to renew their pact for another three years, Il Sole 24 Ore (Milan: S24.MI - news) reported, citing stockholder sources. FIAT (Milan: F.MI - news) Asked about possible new Fiat offers for GM (NYSE: GM - news) unit Opel, Fiat Deputy Chairman John Elkann said: 'We have remained as we were before,' Corriere della Sera and other newspapers reported. BUZZI UNICEM (Milan: BZU.MI - news) The company holds a conference call on its results at 0730 GMT. For a story on first-half figures, double click on ERG (Milan: ERG.MI - news) The refiner swung to a first-half net loss and said full-year results would be lower than last year's. It holds a conference call on its results at 1300 GMT. MONTE PASCHI DI SIENA The bank completed a 4.1 billion euro securitisation of mortgages. * UNICREDIT Credit Suisse raised the price target for the bank's shares to 2.7 euros from 2.3 euros. SMALL AND MID-CAPS RISANAMENTO The real estate company's debt restructuring plan will be presented after the August holidays and could be scrutinised by the board at an Aug. 28 meeting, Il Sole 24 Ore said in an unsourced report. The company could receive 640 million euros overall through the plan, it said. * DATALOGIC (Milan: DAL.MI - news) The chief executive, Mauro Sacchetto, said in an interview with Il Sole 24 Ore that a cost-cutting plan should produce savings of 25 million euros. 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 (NYSE: HRB - news) trades.......... Stories on Italy...... 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 (news) ............... Wall Street report ..... Nikkei 225 (news) ............. 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 (GLCE.PK - news) : Equities............... Main currency report:............................... ($1=.7059 Euro) Keywords: ITALY MARKETS/FACTORS Keywords: ITALY MARKETS/FACTORS