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 (*).
BERLUSCONI RULING
Italy’s supreme court on Thursday upheld a jail sentence against Silvio Berlusconi for tax fraud in a devastating blow to the former prime minister that could throw the country’s fragile coalition government into crisis.
POLITICS
ROME- Fiat officials meets with trade unions (0800 GMT) and later with FIOM, another trade union.
ECONOMY
Italy’s July state sector budget deficit was 8.8 billion euros compared to a 1.998 billion euro surplus in July 2012. {ID:nL6N0G24Y1]
COMPANIES
MILAN- Bourse after-hours trading closed.
Board meetings on H1 results: Astaldi, Banca Finnat , Boero Bartolomeo, Buzzi Unicem followed by conference call (1500 GMT), Cobra, ErgyCapital, Gefran (0800 GMT), Industria e Innovazione, Intek Group, Interpump Group , Intesa Sanpaolo followed by conference call (1300 GMT), Marr, Moviemax Media Group, Pininfarina, Tesmec.
Telecom Italia releases H1 results at around 0500 GMT, holds conference call on H1 results (1000 GMT).
Tenaris holds conference call on H1 results (1400 GMT).
MEDIASET Shares of the broadcaster may be volatile after Italy’s highest court ruled that its controlling shareholder, former Prime Minister Silvio Berlusconi, was guilty of the fraudulently purchase of broadcasting rights.
ATLANTIA The Italian motorways group on Thursday reported an 8.7 percent rise in first-half core earnings, as revenues rose thanks to contributions from companies the group bought in Brazil and Chile last year.
ENEL Italy’s biggest utility confirmed its full-year targets on Thursday after its core earnings in the first half fell slightly on ongoing weakness in its traditional power generation business.
SAFILO The Italian sunglasses maker reported second-quarter net profit of 6.7 million euros ($ 8.87 million) on Thursday, 30 percent lower than last year, largely due to one-off charges largely related to the replacement of its chief executive, announced in June.
FIAT New car sales in Italy, Europe’s fourth-largest car market, fell 1.9 percent in July from the same month a year ago to 107,514 vehicles, Italy’s Transport Ministry said on Thursday. Fiat’s market share in Italy rose to 29.2 percent in July from 27.4 percent in June.
For more details on today’s events please see the full agenda in Italian.
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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Italy - Factors to watch on August 2
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