MILAN (Thomson Financial) - Share prices are expected to open flat to
higher, underpinned by overnight gains on U.S. markets.
On Wednesday, the Mibtel index was up 1.89 percent at 22,156 points and the
S&P/Mib was up 2.16 percent at 28,841.
Volume traded was estimated at 4.305 billion euros.
FORTHCOMING EVENTS
Today
-Italy July manufacturing confidence index (9:30 a.m.)
-Enervit starts trading
-BPM board meeting
TODAY'S PRESS
-Mediobanca interested in U.S. investment bank (Il Messaggero)
-Telecom Italia to present updated business plan to board on Aug 8 (Il
Corriere della Sera)
-BPM board to appoint Fiorenzo Dalu managing director (MF)
-TerniEnergia cuts size of IPO (MF)
-Alitalia board may examine privatisation, relaunch plan on Saturday (Il
Sole 24 Ore)
-Mondadori says advertising revenues slowed down in the summer (Il Sole 24
Ore)
-Italy's ICBPI in talks to buy credit card company CartaSi (Il Sole 24 Ore)
-Benetton family reorganises holding companies (Il Sole 24 Ore)
-China's Great Wall Motor may appeal Fiat ruling (South China Morning Post)
COMPANY NEWS
-Fiat CEO determined on price hikes in face of 'structural' material cost
rises
-BMPS agrees to sell 30 pct of MPS Gestione Crediti Banca for 30 mln euros
MACROECONOMIC/POLITICS/MISCELLANEOUS
-Bank of Italy to auction 2.5 billion euros of 24-month CTZs on Monday
-Bank of Italy to auction 1.5 bln euro 10-year inflation-linked BTP bond on
Tuesday
-Bank of Italy to offer seven-year CCT certificates on July 30
-Bank of Italy to auction 3-year, 10-year BTP treasury bonds on July 30
-Bank of Italy to auction 9.5 bln euros of 6-month BOT on Monday
-Rome cut to 'A' on disclosure of contingent liabilities - S&P
MARKET NEWS, SENTIMENT
-European banks raised to 'neutral' from 'cautious' at Morgan Stanley -
traders
philip.webster@thomsonreuters.com
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