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(AFX UK Focus) 2009-10-06 08:25
Italian Stocks - Factors to watch on Oct 6
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MILAN, Oct 6 (Reuters) - The following factors could affect Italian markets on Tuesday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

TELECOM ITALIA, TELEFONICA

Spain's Telefonica is planning to resist pressure from Italian politicians to give up its 10 percent stake in Telecom Italia, the Financial Times reported on Tuesday, citing people close to the situation. * Asked about Telefonica's relations with Telecom Italia, Telefonica chairman Cesar Alierta said his group is in Italy for the synergies, Il Sole 24 Ore reported, citing Alierta.

MEDIASET

Mediaset, which controls Spanish TV comapny Telecinco , is seeking an alliance with Spanish counterpart Prisa and Telefonica to take a stake in Prisa's television unit Sogecable, El Economista said on Tuesday, citing unnamed sources. * Mediaset was not immediately reachable for comment.

UNICREDIT

The bank's foundation shareholder CRT said it has expressed a favourable opinion in regard to the 4 billion euro capital increase approved by the bank's board. * Italian stock market watchdog is examining if the short selling ban was breached with regard to UniCredit's recent capital increase operation, Il Corriere della Sera said, without citing sources.

ENI

Eni has decided not to sell its refinery at Livorno, Ansa newswire said on Monday, citing Livorno trade union CGIL. * French energy players Total and GDF Suez will invest about $1 billion in a 25 percent stake in Kazakh gas field project Khvalynskoye, of which Eni is a shareholder. * ENEL

Enel and France's EDF will build four nuclear reactors in three sites in Italy, said several newspapers, including Il Sole 24 Ore which cited unnamed Enel managers. Overall investments will be 18 billion euros and the first power will be generated in 2020.

LUXOTTICA

BofA-Merrill cuts Luxottica to "neutral" from "buy" * Nomura raises Luxottica to "neutral" from "reduce"

FINMECCANICA

Citigroup raises Finmeccanica price target to eur 13.50 from eur 12; rating "buy"

FUNDS

Italy's fund association Assogestioni releases Sept. fund flow data.

SMALL AND MID CAPS

RISANAMENTO

Creditor banks are ready to provide a further 70 million euro credit line to guarantee fiscal risks, Il Sole 24 Ore said citing a company document to be presented on Tuesday as part of court proceedings to decide on a bankruptcy request.
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...... 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:............................... Keywords: ITALY MARKETS/FACTORS Keywords: ITALY MARKETS/FACTORS

(Milan newsroom, +39 02 6612 9507, fax +39 02 801149, milan.newsroom@news.reuters.com)

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