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SOURCE: MF - DJ NEWS
22:2415-10-2018
G7 Political, Economic Calendar - Week Ahead
22:5415-10-2018
Italy's Government Endorses Draft Budget That Would Widen Deficit
22:2215-10-2018
G7 Political, Economic Calendar - Week Ahead
07:5515-10-2018
G7 Political, Economic Calendar - Week Ahead -2-
07:5515-10-2018
G7 Political, Economic Calendar - Week Ahead -2-
18:0515-10-2018
Milan Closing Stock Prices
08:2413-10-2018
Draghi: Confident 'All Parties, Not Only Italy, Will Find a Compromise Solution and Agreement'
07:5515-10-2018
G7 Political, Economic Calendar - Week Ahead
18:0515-10-2018
Milan Most Actives
10:0515-10-2018
Currency Rates Of Pulp and Paper Producing Countries
09:5315-10-2018
Italy's FTSE MIB Falls to 19-Month Low at 19245.59 Points
14:0013-10-2018
Lavazza and Illy Say 'Basta' as Global Coffee Wars Come to Italy
17:4615-10-2018
Italy's FTSE MIB Closes 0.2% Higher at 19287.6 Points
22:2215-10-2018
G7 Political, Economic Calendar - Week Ahead -2-
07:0015-10-2018
newsbox.ch/ Newron Pharmaceuticals Announces Prominent Medical Experts to Present at its 2018 R&D Day on October 31 in New York
09:0115-10-2018
Italy's FTSE MIB Falls 0.2% in Opening Trade
08:2313-10-2018
Draghi: Concerns on Italy So Far Are 'Local to Italy' and 'There Isn't Much Contagion Taking Place'
14:5315-10-2018
Talking Markets: Moody's Downgrade of Italy Looks a Done Deal
22:2415-10-2018
G7 Political, Economic Calendar - Week Ahead
All dates are in Eastern Time. 
 
Tuesday, October 16, 2018                                      Exp        Prev 
 ET 
0200  GER  Aug      Foreign trade price indices 
0400  ITA  Aug      Industrial turnover & orders 
0430  UK   Sep      UK monthly unemployment figures 
                       Avg Earnings Ex-Bonuses, 3-Mo           +2.9%      +2.9% 
                       Jobless Claimants % of Workforce                   2.6% 
                       Jobless Claimants-Adj                              +8700 
                       Unemployment Rate, 3-Mo                 4.0%       4.0% 
                       Unemployment, Net Chg, 3-Mo                        -55000 
0430  UK   Aug      Mortgage Lending Trends statistics 
0500  EU   Aug      Foreign Trade 
                       Trade Balance (EUR)                                17.6B 
                       Trade Balance, Prev Yr (EUR)                       21.6B 
0500  ITA  Sep      CPI 
0500  GER  Oct      ZEW Indicator of Economic Sentiment 
                       Current Conditions                      74.0       76.0 
                       Economic Expectations                   -12.0      -10.6 
0600  ITA  Aug      Foreign Trade EU 
0600  FRA  Q2       OECD Quarterly Employment Situation 
0715  FRA           French President Emmanuel Macron meets Croatian Prime 
                    Minister Andrej Plenkovic 
0745  US   10/13    The Retail Economist/Goldman Sachs Weekly Chain Store Sales 
                    Index 
                       Chain Store Sales, W/W%                            +0.6% 
                       Chain Store Sales, M/M%                            +4.2% 
0830  CAN  Aug      International transactions in securities 
                       Purchases of Fgn Securities (CAD)                  13.127B 
                       Sales of Fgn Securities (CAD) 
                       Fgn Purchases of CAN Securities (CAD)              12.651B 
                       Fgn Sales of CAN Securities (CAD) 
0855  US   10/13    Johnson Redbook Retail Sales Index 
                       Ret Sales Mo-to-Date, M/M%                         +0.4% 
                       Ret Sales Mo-to-Date, Y/Y%                         +5.9% 
                       Latest Wk, Y/Y%                                    +6.5% 
0915  US   Sep      Industrial Production & Capacity Utilization 
                       Industrial Production, M/M%             +0.2%      +0.4% 
                       Capacity Utilization %                  78.2%      78.1% 
                       Capacity Utilization, Net Chg (Pts)                +0.2 
1000  US   Oct      NAHB Housing Market Index 
                       Housing Mkt Idx                         67         67 
1000  US   Aug      Job Openings & Labor Turnover Survey 
1430  US            Financial Stability Oversight Council latest meeting 
1600  US   Aug      Treasury International Capital Data 
1615  US            Federal Reserve Bank of San Francisco President Mary Daly 
                    delivers the 2018 Goldman Lecture in Economics 
1630  US   10/12    API Weekly Statistical Bulletin 
                       Crude Stocks, Net Chg (Bbls)                       +9.7M 
                       Gasoline Stocks, Net Chg (Bbls)                    +3.4M 
                       Distillate Stocks, Net Chg (Bbls)                  -3.5M 
1901  UK   Sep      Scottish Retail Sales Monitor 
N/A   EU            EU Tripartite Social Summit 
N/A   GER           German Chancellor Angela Merkel meets Norwegian PM Erna Solberg 
 
Wednesday, October 17, 2018                                    Exp        Prev 
 ET 
0200  EU   Sep      New Passenger Car Registrations in Europe statistics (EU27 + 
                    EFTA3) 
0430  UK            Financial Policy Committee record of latest meeting 
0430  UK   Sep      UK monthly inflation figures 
                       CPI, M/M%                               +0.2%      +0.7% 
                       CPI, Y/Y%                               +2.5%      +2.7% 
                       Core CPI, M/M%                                     +0.8% 
                       Core CPI, Y/Y%                                     +2.1% 
                       Retail Price Idx, M/M%                  +0.25%     +0.9% 
                       Retail Price Idx, Y/Y%                  +3.5%      +3.5% 
0430  UK   Aug      UK House Price Index 
0430  UK   Sep      UK producer prices 
                       Core Output PPI, M/M%                              +0.1% 
                       Core Output PPI, Y/Y%                              +2.1% 
                       Input PPI, M/M%                         +0.95%     +0.5% 
                       Input PPI, Y/Y%                         +9.4%      +8.7% 
                       Output PPI, M/M%                        +0.2%      +0.2% 
                       Output PPI, Y/Y%                        +2.9%      +2.9% 
0500  EU   Aug      Construction output 
0500  EU   Sep      Harmonised CPI 
                       CPI, M/M%                               +0.5%      +0.2% 
                       CPI, Y/Y%                               +2.1%      +2.0% 
                       Core CPI, M/M%                          +0.4%      +0.2% 
                       Core CPI, Y/Y%                          +0.9%      +1.0% 
                       Ex-Tobacco, M/M%                                   +0.2% 
                       Ex-Tobacco, Y/Y%                                   +1.9% 
0700  FRA           French President Emmanuel Macron meets Japanese Prime 
                    Minister Shinzo Abe 
0700  US   10/13    MBA Weekly Mortgage Applications Survey 
                       Composite Idx                                      346.7 
                       Composite Idx, W/W%                                -1.7% 
                       Purchase Idx-SA                                    238.0 
                       Purchase Idx-SA, W/W%                              -1.1% 
                       Refinance Idx                                      921.2 
                       Refinance Idx, W/W%                                -2.6% 
0830  CAN  Aug      Monthly Survey of Manufacturing 
                       Inventories, M/M%                                  +1.2% 
                       Inventory-Shipment Ratio, M/M                      1.41 
                       New Orders, M/M%                                   -1.8% 
                       Shipments, M/M%                                    +0.9% 
                       Unfilled Orders, M/M%                              +0.0% 
0830  US   Sep      New Residential Construction - Housing Starts and Building 
                    Permits 
                       Total Starts                            1.22M      1.282M 
                       Housing Starts, M/M%                    -4.8%      +9.2% 
                       Building Permits                        1.27M      1.229M 
                       Building Permits, M/M%                  +3.3%      -5.7% 
0915  UK            Treasury Committee re-appointement hearing with Bank of 
                    England Deputy Governor for Financial Stability Jon Cunliffe 
1030  US   10/13    EIA Weekly Petroleum Status Report 
                       Crude Oil Stocks (Bbl)                             409.951M 
                       Crude Oil Stocks, Net Chg (Bbl)                    +5.987M 
                       Gasoline Stocks (Bbl)                              236.172M 
                       Gasoline Stocks, Net Chg (Bbl)                     +0.951M 
                       Distillate Stocks (Bbl)                            133.465M 
                       Distillate Stocks, Net Chg (Bbl)                   -2.666M 
                       Refinery Usage                                     88.8% 
                       Total Prod Supplied (Bbl/day)                      19.823M 
                       Total Prod Supplied, Net Chg (Bbl/day)             -0.351M 
1230  GER           Bundesbank President Jens Weidmann speaks on 'The future of 
                    the European Monetary Union' at a reception 
1300  EU            Theresa May expected to address crucial EU27 meeting on Brexit 
1400  US            Federal Open Market Committee meeting minutes and economic 
                    forecast 
1615  UK            Liam Fox and Roberto Azevedo speak at City of London 
                    Corporation's International Trade Banquet 
1950  JPN  Sep      Provisional Trade Statistics for the Month 
                       Trade Balance (JPY)                     -52.8B     -444.6B 
                       Exports, Y/Y%                                      +6.6% 
                       Imports, Y/Y%                                      +15.4% 
                       Exports To Asia, Y/Y%                              +6.8% 
                       Exports To China, Y/Y%                             +12.1% 
                       Exports To US, Y/Y%                                +5.3% 
                       Exports To Europe, Y/Y%                            +7.1% 
N/A   FRA           FATF plenary meetings 
 
Thursday, October 18, 2018                                     Exp        Prev 
 ET 
0200  GER  Sep      WPI 
0230  EU            EU Summit 
0430  UK   Sep      Capital issuance 
0430  UK   Sep      UK monthly retail sales figures 
                       Retail Sales, M/M%                      -0.3%      +0.3% 
                       Retail Sales, Y/Y%                      +3.3%      +3.3% 
0830  US   Oct      Philadelphia Fed Business Outlook Survey 
                       Business Activity                       20         22.9 
                       Prices Paid                                        39.6 
                       Employment                                         17.6 
                       New Orders                                         21.4 
                       Prices Received                                    19.6 
                       Delivery Times                                     11.1 
                       Inventories                                        -3.5 

(MORE TO FOLLOW) Dow Jones Newswires

October 15, 2018 16:24 ET (20:24 GMT)

22:5415-10-2018
Italy's Government Endorses Draft Budget That Would Widen Deficit
By Giovanni Legorano 

ROME -- Italy's government late Monday approved a draft budget law for next year, confirming a set of expansionary measures that could lead to a fast-rising deficit and a conflict with the European Union.

The government, a coalition of the antiestablishment 5 Star Movement and the far-right League, has rattled financial markets in the past month with its budget plans, with investors demanding significantly higher interest rates to buy the country's bonds.

The full draft budget law will be sent to the Italian parliament by Saturday. Lawmakers will need to approve it by the end of the year.

The planned measures included in the draft law are set to widen the budget deficit to 2.4% of gross domestic product, in defiance of EU rules that require a shrinking deficit. EU officials fear the real deficit could be much higher than 2.4%, according to people familiar with the matter.

Rome said it would raise welfare and pension spending and cut taxes, despite the negative reaction from investors and Brussels to its proposals.

EU leaders had already warned that Italy's budget plans represented a "significant deviation" from recommended fiscal policies, raising the prospect of a major clash between Rome and Brussels over the Italian coalition government's plans.

Prime Minister Giuseppe Conte said the government on Monday would send its draft budgetary plan to the European Commission, which could reject the plan and demand changes.

Write to Giovanni Legorano at giovanni.legorano@wsj.com

 

(END) Dow Jones Newswires

October 15, 2018 16:54 ET (20:54 GMT)

22:2215-10-2018
G7 Political, Economic Calendar - Week Ahead
All dates are in GMT. 
 
Monday, October 15, 2018                                       Exp        Prev 
 GMT 
N/A   FRA           OECD Seven Questions about Apprenticeships report launch 
 
Tuesday, October 16, 2018                                      Exp        Prev 
 GMT 
0600  GER  Aug      Foreign trade price indices 
0800  ITA  Aug      Industrial turnover & orders 
0830  UK   Aug      Mortgage Lending Trends statistics 
0830  UK   Sep      UK monthly unemployment figures 
                       Avg Earnings Ex-Bonuses, 3-Mo           +2.9%      +2.9% 
                       Jobless Claimants % of Workforce                   2.6% 
                       Jobless Claimants-Adj                              +8700 
                       Unemployment Rate, 3-Mo                 4.0%       4.0% 
                       Unemployment, Net Chg, 3-Mo                        -55000 
0900  GER  Oct      ZEW Indicator of Economic Sentiment 
                       Current Conditions                      74.0       76.0 
                       Economic Expectations                   -12.0      -10.6 
0900  ITA  Sep      CPI 
0900  EU   Aug      Foreign Trade 
                       Trade Balance (EUR)                                17.6B 
                       Trade Balance, Prev Yr (EUR)                       21.6B 
1000  FRA  Q2       OECD Quarterly Employment Situation 
1000  ITA  Aug      Foreign Trade EU 
1115  FRA           French President Emmanuel Macron meets Croatian Prime 
                    Minister Andrej Plenkovic 
1145  US   10/13    The Retail Economist/Goldman Sachs Weekly Chain Store Sales 
                    Index 
                       Chain Store Sales, W/W%                            +0.6% 
                       Chain Store Sales, M/M%                            +4.2% 
1230  CAN  Aug      International transactions in securities 
                       Purchases of Fgn Securities (CAD)                  13.127B 
                       Sales of Fgn Securities (CAD) 
                       Fgn Purchases of CAN Securities (CAD)              12.651B 
                       Fgn Sales of CAN Securities (CAD) 
1255  US   10/13    Johnson Redbook Retail Sales Index 
                       Ret Sales Mo-to-Date, M/M%                         +0.4% 
                       Ret Sales Mo-to-Date, Y/Y%                         +5.9% 
                       Latest Wk, Y/Y%                                    +6.5% 
1315  US   Sep      Industrial Production & Capacity Utilization 
                       Industrial Production, M/M%             +0.2%      +0.4% 
                       Capacity Utilization %                  78.2%      78.1% 
                       Capacity Utilization, Net Chg (Pts)                +0.2 
1400  US   Aug      Job Openings & Labor Turnover Survey 
1400  US   Oct      NAHB Housing Market Index 
                       Housing Mkt Idx                         67         67 
1830  US            Financial Stability Oversight Council latest meeting 
2000  US   Aug      Treasury International Capital Data 
2015  US            Federal Reserve Bank of San Francisco President Mary Daly 
                    delivers the 2018 Goldman Lecture in Economics 
2030  US   10/12    API Weekly Statistical Bulletin 
                       Crude Stocks, Net Chg (Bbls)                       +9.7M 
                       Gasoline Stocks, Net Chg (Bbls)                    +3.4M 
                       Distillate Stocks, Net Chg (Bbls)                  -3.5M 
2301  UK   Sep      Scottish Retail Sales Monitor 
N/A   GER           German Chancellor Angela Merkel meets Norwegian PM Erna Solberg 
N/A   EU            EU Tripartite Social Summit 
 
Wednesday, October 17, 2018                                    Exp        Prev 
 GMT 
0600  EU   Sep      New Passenger Car Registrations in Europe statistics (EU27 + 
                    EFTA3) 
0830  UK   Aug      UK House Price Index 
0830  UK   Sep      UK producer prices 
                       Core Output PPI, M/M%                              +0.1% 
                       Core Output PPI, Y/Y%                              +2.1% 
                       Input PPI, M/M%                         +0.95%     +0.5% 
                       Input PPI, Y/Y%                         +9.4%      +8.7% 
                       Output PPI, M/M%                        +0.2%      +0.2% 
                       Output PPI, Y/Y%                        +2.9%      +2.9% 
0830  UK            Financial Policy Committee record of latest meeting 
0830  UK   Sep      UK monthly inflation figures 
                       CPI, M/M%                               +0.2%      +0.7% 
                       CPI, Y/Y%                               +2.5%      +2.7% 
                       Core CPI, M/M%                                     +0.8% 
                       Core CPI, Y/Y%                                     +2.1% 
                       Retail Price Idx, M/M%                  +0.25%     +0.9% 
                       Retail Price Idx, Y/Y%                  +3.5%      +3.5% 
0900  EU   Sep      Harmonised CPI 
                       CPI, M/M%                               +0.5%      +0.2% 
                       CPI, Y/Y%                               +2.1%      +2.0% 
                       Core CPI, M/M%                          +0.4%      +0.2% 
                       Core CPI, Y/Y%                          +0.9%      +1.0% 
                       Ex-Tobacco, M/M%                                   +0.2% 
                       Ex-Tobacco, Y/Y%                                   +1.9% 
0900  EU   Aug      Construction output 
1100  US   10/13    MBA Weekly Mortgage Applications Survey 
                       Composite Idx                                      346.7 
                       Composite Idx, W/W%                                -1.7% 
                       Purchase Idx-SA                                    238.0 
                       Purchase Idx-SA, W/W%                              -1.1% 
                       Refinance Idx                                      921.2 
                       Refinance Idx, W/W%                                -2.6% 
1100  FRA           French President Emmanuel Macron meets Japanese Prime 
                    Minister Shinzo Abe 
1230  US   Sep      New Residential Construction - Housing Starts and Building 
                    Permits 
                       Total Starts                            1.22M      1.282M 
                       Housing Starts, M/M%                    -4.8%      +9.2% 
                       Building Permits                        1.27M      1.229M 
                       Building Permits, M/M%                  +3.3%      -5.7% 
1230  CAN  Aug      Monthly Survey of Manufacturing 
                       Inventories, M/M%                                  +1.2% 
                       Inventory-Shipment Ratio, M/M                      1.41 
                       New Orders, M/M%                                   -1.8% 
                       Shipments, M/M%                                    +0.9% 
                       Unfilled Orders, M/M%                              +0.0% 
1315  UK            Treasury Committee re-appointement hearing with Bank of 
                    England Deputy Governor for Financial Stability Jon Cunliffe 
1430  US   10/13    EIA Weekly Petroleum Status Report 
                       Crude Oil Stocks (Bbl)                             409.951M 
                       Crude Oil Stocks, Net Chg (Bbl)                    +5.987M 
                       Gasoline Stocks (Bbl)                              236.172M 
                       Gasoline Stocks, Net Chg (Bbl)                     +0.951M 
                       Distillate Stocks (Bbl)                            133.465M 
                       Distillate Stocks, Net Chg (Bbl)                   -2.666M 
                       Refinery Usage                                     88.8% 
                       Total Prod Supplied (Bbl/day)                      19.823M 
                       Total Prod Supplied, Net Chg (Bbl/day)             -0.351M 
1630  GER           Bundesbank President Jens Weidmann speaks on 'The future of 
                    the European Monetary Union' at a reception 
1700  EU            Theresa May expected to address crucial EU27 meeting on Brexit 
1800  US            Federal Open Market Committee meeting minutes and economic 
                    forecast 
2015  UK            Liam Fox and Roberto Azevedo speak at City of London 
                    Corporation's International Trade Banquet 
2350  JPN  Sep      Provisional Trade Statistics for the Month 
                       Trade Balance (JPY)                     -52.8B     -444.6B 
                       Exports, Y/Y%                                      +6.6% 
                       Imports, Y/Y%                                      +15.4% 
                       Exports To Asia, Y/Y%                              +6.8% 
                       Exports To China, Y/Y%                             +12.1% 
                       Exports To US, Y/Y%                                +5.3% 
                       Exports To Europe, Y/Y%                            +7.1% 
N/A   FRA           FATF plenary meetings 
 
Thursday, October 18, 2018                                     Exp        Prev 
 GMT 
0600  GER  Sep      WPI 
0630  EU            EU Summit 
0830  UK   Sep      UK monthly retail sales figures 
                       Retail Sales, M/M%                      -0.3%      +0.3% 
                       Retail Sales, Y/Y%                      +3.3%      +3.3% 
0830  UK   Sep      Capital issuance 
1230  US   10/13    Unemployment Insurance Weekly Claims Report - Initial Claims 
                       Jobless Claims                          210K       214K 
                       Jobless Claims, Net Chg                            +7K 
                       Continuing Claims                                  1660000 
                       Continuing Claims, Net Chg                         +4K 
1230  US            U.S. Weekly Export Sales 

(MORE TO FOLLOW) Dow Jones Newswires

October 15, 2018 16:22 ET (20:22 GMT)

07:5515-10-2018
G7 Political, Economic Calendar - Week Ahead -2-
0830  UK   Sep      UK monthly retail sales figures 
                       Retail Sales, M/M%                                 +0.3% 
                       Retail Sales, Y/Y%                                 +3.3% 
0830  UK   Sep      Capital issuance 
1230  US   10/13    Unemployment Insurance Weekly Claims Report - Initial Claims 
                       Jobless Claims                          213K       214K 
                       Jobless Claims, Net Chg                            +7K 
                       Continuing Claims                                  1660000 
                       Continuing Claims, Net Chg                         +4K 
1230  US            U.S. Weekly Export Sales 
                       Corn (Metric Tons)                                 1006.7K 
                       Soybeans (Metric Tons)                             444.3K 
                       Wheat (Metric Tons)                                339K 
1230  US   Oct      Philadelphia Fed Business Outlook Survey 
                       Business Activity                       20         22.9 
                       Prices Paid                                        39.6 
                       Employment                                         17.6 
                       New Orders                                         21.4 
                       Prices Received                                    19.6 
                       Delivery Times                                     11.1 
                       Inventories                                        -3.5 
                       Shipments                                          19.6 
1230  CAN  Aug      Employment Insurance 
1305  US            FRB St. Louis President James Bullard speaks at Economic Club 
                    of Memphis event 
1345  US            Bloomberg Consumer Comfort Index 
1400  US   Sep      Leading Indicators 
                       Leading Index, M/M%                     +0.5%      +0.4% 
                       Leading Index                                      111.2 
                       Coincident Index, M/M%                             +0.2% 
                       Lagging Index, M/M%                                +0.2% 
1430  US   10/12    EIA Weekly Natural Gas Storage Report 
                       Working Gas In Storage (Cbf)                       2956B 
                       Working Gas In Storage, Net Chg (Cbf)              +90B 
1530  US            Economic Club of New York lunch event with Federal Reserve 
                    Vice Chair Randal Quarles 
2030  US            Foreign Central Bank Holdings 
2030  US            Money Stock Measures 
2030  US            Federal Discount Window Borrowings 
2330  JPN  Sep      CPI (Nation), CPI ex-Food (Nation) 
                       Japan Core CPI, Y/Y%                    +1.0%      +0.9% 
                       National Overall CPI, Y/Y%                         +1.3% 
                       National Overall CPI, M/M%                         +0.5% 
N/A   CAN           Yukon municipal elections in Canada 
N/A   US            Alaska Day 
 
Friday, October 19, 2018                                       Exp        Prev 
 GMT 
0800  EU   Aug      Euro area balance of payments 
0830  UK   Sep      Public sector finances 
                       PSNB ex (GBP)                                      6.8B 
                       PSNB ex, Yr Ago (GBP)                              4.3B 
                       PSNCR (GBP)                                        4.4B 
                       PSNCR ex Yr Ago (GBP)                              2.5B 
0900  ITA  Aug      Balance of Payments 
                       Current Account (EUR)                              8.607B 
1230  CAN  Sep      CPI 
                       CPI-Common, Y/Y%                                   +2.0% 
                       CPI-Median, Y/Y%                                   +2.1% 
                       CPI-Trim, Y/Y%                                     +2.2% 
                       All Items CPI, Y/Y%                                +2.8% 
                       All Items CPI, M/M%                                -0.1% 
1230  CAN  Aug      Retail trade 
                       Total Retail Sales, M/M%                           +0.3% 
                       Retail Sales Ex-Autos, M/M%                        +0.9% 
1400  US   Sep      Regional & State Employment & Unemployment 
1400  US   Sep      Existing Home Sales 
                       Existing Sales                          5.3M       5.34M 
                       Existing Sales, M/M%                    -0.7%      +0.0% 
                       Unsold Homes Month's Supply                        4.3 
                       Median Price (USD)                                 264800 
                       Median Home Price, Y/Y%                            +4.6% 
1430  US            Federal Reserve Board hosts 'Exploring Careers in Economics' 
                    live event for high school and college students 
1530  US            Economic Club of New York lunch event with Bank of England 
                    Governor Mark Carney 
 
Saturday, October 20, 2018                                     Exp        Prev 
 GMT 
N/A   CAN           British Columbia municipal elections in Canada 
 
 
 

(END) Dow Jones Newswires

October 15, 2018 01:55 ET (05:55 GMT)

07:5515-10-2018
G7 Political, Economic Calendar - Week Ahead -2-
                       Retail Sales, M/M%                                 +0.3% 
                       Retail Sales, Y/Y%                                 +3.3% 
0830  US   Oct      Philadelphia Fed Business Outlook Survey 
                       Business Activity                       20         22.9 
                       Prices Paid                                        39.6 
                       Employment                                         17.6 
                       New Orders                                         21.4 
                       Prices Received                                    19.6 
                       Delivery Times                                     11.1 
                       Inventories                                        -3.5 
                       Shipments                                          19.6 
0830  CAN  Aug      Employment Insurance 
0830  US   10/13    Unemployment Insurance Weekly Claims Report - Initial Claims 
                       Jobless Claims                          213K       214K 
                       Jobless Claims, Net Chg                            +7K 
                       Continuing Claims                                  1660000 
                       Continuing Claims, Net Chg                         +4K 
0830  US            U.S. Weekly Export Sales 
                       Corn (Metric Tons)                                 1006.7K 
                       Soybeans (Metric Tons)                             444.3K 
                       Wheat (Metric Tons)                                339K 
0905  US            FRB St. Louis President James Bullard speaks at Economic Club 
                    of Memphis event 
0945  US            Bloomberg Consumer Comfort Index 
1000  US   Sep      Leading Indicators 
                       Leading Index, M/M%                     +0.5%      +0.4% 
                       Leading Index                                      111.2 
                       Coincident Index, M/M%                             +0.2% 
                       Lagging Index, M/M%                                +0.2% 
1030  US   10/12    EIA Weekly Natural Gas Storage Report 
                       Working Gas In Storage (Cbf)                       2956B 
                       Working Gas In Storage, Net Chg (Cbf)              +90B 
1130  US            Economic Club of New York lunch event with Federal Reserve 
                    Vice Chair Randal Quarles 
1630  US            Federal Discount Window Borrowings 
1630  US            Money Stock Measures 
1630  US            Foreign Central Bank Holdings 
1930  JPN  Sep      CPI (Nation), CPI ex-Food (Nation) 
                       Japan Core CPI, Y/Y%                    +1.0%      +0.9% 
                       National Overall CPI, Y/Y%                         +1.3% 
                       National Overall CPI, M/M%                         +0.5% 
N/A   US            Alaska Day 
N/A   CAN           Yukon municipal elections in Canada 
 
Friday, October 19, 2018                                       Exp        Prev 
 ET 
0400  EU   Aug      Euro area balance of payments 
0430  UK   Sep      Public sector finances 
                       PSNB ex (GBP)                                      6.8B 
                       PSNB ex, Yr Ago (GBP)                              4.3B 
                       PSNCR (GBP)                                        4.4B 
                       PSNCR ex Yr Ago (GBP)                              2.5B 
0500  ITA  Aug      Balance of Payments 
                       Current Account (EUR)                              8.607B 
0830  CAN  Aug      Retail trade 
                       Total Retail Sales, M/M%                           +0.3% 
                       Retail Sales Ex-Autos, M/M%                        +0.9% 
0830  CAN  Sep      CPI 
                       CPI-Common, Y/Y%                                   +2.0% 
                       CPI-Median, Y/Y%                                   +2.1% 
                       CPI-Trim, Y/Y%                                     +2.2% 
                       All Items CPI, Y/Y%                                +2.8% 
                       All Items CPI, M/M%                                -0.1% 
1000  US   Sep      Existing Home Sales 
                       Existing Sales                          5.3M       5.34M 
                       Existing Sales, M/M%                    -0.7%      +0.0% 
                       Unsold Homes Month's Supply                        4.3 
                       Median Price (USD)                                 264800 
                       Median Home Price, Y/Y%                            +4.6% 
1000  US   Sep      Regional & State Employment & Unemployment 
1030  US            Federal Reserve Board hosts 'Exploring Careers in Economics' 
                    live event for high school and college students 
1130  US            Economic Club of New York lunch event with Bank of England 
                    Governor Mark Carney 
 
Saturday, October 20, 2018                                     Exp        Prev 
 ET 
N/A   CAN           British Columbia municipal elections in Canada 
 
 

(END) Dow Jones Newswires

October 15, 2018 01:55 ET (05:55 GMT)

18:0515-10-2018
Milan Closing Stock Prices
 
                                 Close     Change   % Change 
  FTSE MIB Index             19,287.64     +31.66      +0.16 
  Index Components 
  ENI                            15.76      +0.14      +0.91 
  FinecoBank                      9.75      -0.02      -0.18 
  Mediaset                        2.64      +0.01      +0.42 
  Poste Italiane                  6.27      +0.02      +0.38 
  Ferrari                        99.14      -1.41      -1.40 
  Italgas                         4.46      +0.03      +0.72 
  Pirelli                         6.26      -0.04      -0.60 
  STMicroelectronics             14.41      +0.03      +0.17 
  A2A SpA                         1.45      +0.02      +1.68 
  UniCredit                      11.92      +0.00      +0.03 
  Intesa Sanpaolo                 2.04      +0.02      +0.77 
  Enel                            4.31      +0.02      +0.49 
  Luxottica Group                52.52      -0.36      -0.68 
  Davide Campari-Milano           6.35      -0.07      -1.09 
  Snam SpA                        3.59      +0.03      +0.90 
  Banco BPM                       1.88      +0.01      +0.41 
  Tenaris                        14.14      +0.06      +0.43 
  Unione di Banche Italiane       2.96      +0.00      +0.03 
  Atlantia                       17.39      -0.13      -0.74 
  TERNA                           4.43       0.00      -0.09 
  Azimut Holding                 11.99      -0.11      -0.91 
  Salvatore Ferragamo            18.17      -0.18      -1.01 
  Banca Generali                 20.12      +0.17      +0.85 
  Prysmian                       17.47      +0.04      +0.20 
  Fiat Chrysler Automobiles      14.01      +0.04      +0.26 
  Assicurazioni Generali         14.14      -0.03      -0.21 
  EXOR                           50.60      -0.78      -1.52 
  Mediobanca                      7.69      +0.01      +0.13 
  Telecom Italia                  0.50      +0.01      +2.04 
  Recordati                      28.99      +0.22      +0.76 
  UnipolSAI Assicurazioni         1.91      -0.01      -0.39 
  Saipem                          5.06      +0.10      +2.06 
  Buzzi Unicem                   17.58      -0.28      -1.57 
  Unipol Gruppo                   3.56      +0.00      +0.11 
  BPER Banca                      3.60      +0.02      +0.70 
  Leonardo                        9.81      -0.08      -0.83 
  CNH Industrial                  9.67      +0.00      +0.04 
  Moncler S.p.A.                 30.32      -0.60      -1.94 
  Brembo                          9.47      -0.37      -3.76 
 
Prices in Euro 
Source: SIX Financial Information 
 

(END) Dow Jones Newswires

October 15, 2018 12:05 ET (16:05 GMT)

08:2413-10-2018
Draghi: Confident 'All Parties, Not Only Italy, Will Find a Compromise Solution and Agreement'
 

(MORE TO FOLLOW) Dow Jones Newswires

October 13, 2018 02:24 ET (06:24 GMT)

07:5515-10-2018
G7 Political, Economic Calendar - Week Ahead
All dates are in Eastern Time. 
 
Monday, October 15, 2018                                       Exp        Prev 
 ET 
0830  US   Oct      Empire State Manufacturing Survey 
                       Mfg Idx                                 19.3       19.0 
                       Employment Idx                                     13.3 
                       New Orders Idx                                     16.5 
                       Prices Received                                    16.3 
0830  CAN  Aug      New motor vehicle sales 
0830  US   Sep      Advance Monthly Sales for Retail & Food Services 
                       Overall Sales-SA, M/M%                  +0.7%      +0.1% 
                       Sales, Ex-Auto, M/M%                    +0.4%      +0.3% 
                       Sales, Ex-Auto & Gas, M/M%                         +0.2% 
1000  US   Aug      Manufacturing & Trade: Inventories & Sales 
                       Total Inventories                       +0.5%      +0.6% 
1030  CAN           Bank of Canada Business Outlook Survey 
1400  EU            ECB Vice-President Luis de Guindos speaks at the Premio Jose 
                    Echegaray awards 
N/A   FRA           OECD Seven Questions about Apprenticeships report launch 
 
Tuesday, October 16, 2018                                      Exp        Prev 
 ET 
0200  GER  Aug      Foreign trade price indices 
0400  ITA  Aug      Industrial turnover & orders 
0430  UK   Sep      UK monthly unemployment figures 
                       Avg Earnings Ex-Bonuses, 3-Mo                      +2.9% 
                       Jobless Claimants % of Workforce                   2.6% 
                       Jobless Claimants-Adj                              +8700 
                       Unemployment Rate, 3-Mo                            4.0% 
                       Unemployment, Net Chg, 3-Mo                        -55000 
0430  UK   Aug      Mortgage Lending Trends statistics 
0500  EU   Aug      Foreign Trade 
                       Trade Balance (EUR)                                17.6B 
                       Trade Balance, Prev Yr (EUR)                       21.6B 
0500  ITA  Sep      CPI 
0500  GER  Oct      ZEW Indicator of Economic Sentiment 
                       Current Conditions                                 76.0 
                       Economic Expectations                              -10.6 
0600  ITA  Aug      Foreign Trade EU 
0600  FRA  Q2       OECD Quarterly Employment Situation 
0745  US   10/13    The Retail Economist/Goldman Sachs Weekly Chain Store Sales 
                    Index 
                       Chain Store Sales, W/W%                            +0.6% 
                       Chain Store Sales, M/M%                            +4.2% 
0830  CAN  Aug      International transactions in securities 
                       Purchases of Fgn Securities (CAD)                  13.127B 
                       Sales of Fgn Securities (CAD) 
                       Fgn Purchases of CAN Securities (CAD)              12.651B 
                       Fgn Sales of CAN Securities (CAD) 
0855  US   10/13    Johnson Redbook Retail Sales Index 
                       Ret Sales Mo-to-Date, M/M%                         +0.4% 
                       Ret Sales Mo-to-Date, Y/Y%                         +5.9% 
                       Latest Wk, Y/Y%                                    +6.5% 
0915  US   Sep      Industrial Production & Capacity Utilization 
                       Industrial Production, M/M%             +0.3%      +0.4% 
                       Capacity Utilization %                  78.2%      78.1% 
                       Capacity Utilization, Net Chg (Pts)                +0.2 
1000  US   Oct      NAHB Housing Market Index 
                       Housing Mkt Idx                         67         67 
1000  US   Aug      Job Openings & Labor Turnover Survey 
1600  US   Aug      Treasury International Capital Data 
1630  US   10/12    API Weekly Statistical Bulletin 
                       Crude Stocks, Net Chg (Bbls)                       +9.7M 
                       Gasoline Stocks, Net Chg (Bbls)                    +3.4M 
                       Distillate Stocks, Net Chg (Bbls)                  -3.5M 
1901  UK   Sep      Scottish Retail Sales Monitor 
N/A   EU            EU Tripartite Social Summit 
N/A   GER           German Chancellor Angela Merkel meets Norwegian PM Erna Solberg 
 
Wednesday, October 17, 2018                                    Exp        Prev 
 ET 
0200  EU   Sep      New Passenger Car Registrations in Europe statistics (EU27 + 
                    EFTA3) 
0430  UK            Financial Policy Committee record of latest meeting 
0430  UK   Sep      UK monthly inflation figures 
                       CPI, M/M%                                          +0.7% 
                       CPI, Y/Y%                                          +2.7% 
                       Core CPI, M/M%                                     +0.8% 
                       Core CPI, Y/Y%                                     +2.1% 
                       Retail Price Idx, M/M%                             +0.9% 
                       Retail Price Idx, Y/Y%                             +3.5% 
0430  UK   Aug      UK House Price Index 
0430  UK   Sep      UK producer prices 
                       Core Output PPI, M/M%                              +0.1% 
                       Core Output PPI, Y/Y%                              +2.1% 
                       Input PPI, M/M%                                    +0.5% 
                       Input PPI, Y/Y%                                    +8.7% 
                       Output PPI, M/M%                                   +0.2% 
                       Output PPI, Y/Y%                                   +2.9% 
0500  EU   Aug      Construction output 
0500  EU   Sep      Harmonised CPI 
                       CPI, M/M%                                          +0.2% 
                       CPI, Y/Y%                                          +2.0% 
                       Core CPI, M/M%                                     +0.2% 
                       Core CPI, Y/Y%                                     +1.0% 
                       Ex-Tobacco, M/M%                                   +0.2% 
                       Ex-Tobacco, Y/Y%                                   +1.9% 
0700  US   10/13    MBA Weekly Mortgage Applications Survey 
                       Composite Idx                                      346.7 
                       Composite Idx, W/W%                                -1.7% 
                       Purchase Idx-SA                                    238.0 
                       Purchase Idx-SA, W/W%                              -1.1% 
                       Refinance Idx                                      921.2 
                       Refinance Idx, W/W%                                -2.6% 
0830  CAN  Aug      Monthly Survey of Manufacturing 
                       Inventories, M/M%                                  +1.2% 
                       Inventory-Shipment Ratio, M/M                      1.41 
                       New Orders, M/M%                                   -1.8% 
                       Shipments, M/M%                                    +0.9% 
                       Unfilled Orders, M/M%                              +0.0% 
0830  US   Sep      New Residential Construction - Housing Starts and Building 
                    Permits 
                       Total Starts                            1.21M      1.282M 
                       Housing Starts, M/M%                    -5.6%      +9.2% 
                       Building Permits                        1.28M      1.229M 
                       Building Permits, M/M%                  +4.1%      -5.7% 
0915  UK            Treasury Committee re-appointement hearing with Bank of 
                    England Deputy Governor for Financial Stability Jon Cunliffe 
1030  US   10/13    EIA Weekly Petroleum Status Report 
                       Crude Oil Stocks (Bbl)                             409.951M 
                       Crude Oil Stocks, Net Chg (Bbl)                    +5.987M 
                       Gasoline Stocks (Bbl)                              236.172M 
                       Gasoline Stocks, Net Chg (Bbl)                     +0.951M 
                       Distillate Stocks (Bbl)                            133.465M 
                       Distillate Stocks, Net Chg (Bbl)                   -2.666M 
                       Refinery Usage                                     88.8% 
                       Total Prod Supplied (Bbl/day)                      19.823M 
                       Total Prod Supplied, Net Chg (Bbl/day)             -0.351M 
1230  GER           Bundesbank President Jens Weidmann speaks on 'The future of 
                    the European Monetary Union' at a reception 
1300  EU            EU27 leaders discuss Brexit negotiations at pre-summit 
                    working dinner 
1400  US            Federal Open Market Committee meeting minutes and economic 
                    forecast 
1950  JPN  Sep      Provisional Trade Statistics for the Month 
                       Trade Balance (JPY)                     -52.8B     -444.6B 
                       Exports, Y/Y%                                      +6.6% 
                       Imports, Y/Y%                                      +15.4% 
                       Exports To Asia, Y/Y%                              +6.8% 
                       Exports To China, Y/Y%                             +12.1% 
                       Exports To US, Y/Y%                                +5.3% 
                       Exports To Europe, Y/Y%                            +7.1% 
N/A   UK            Liam Fox and Roberto Azevedo speak at City of London 
                    Corporation's International Trade Banquet 
N/A   FRA           FATF plenary meetings 
 
Thursday, October 18, 2018                                     Exp        Prev 
 ET 
0200  GER  Sep      WPI 
0230  EU            EU Summit 
0430  UK   Sep      Capital issuance 
0430  UK   Sep      UK monthly retail sales figures 

(MORE TO FOLLOW) Dow Jones Newswires

October 15, 2018 01:55 ET (05:55 GMT)

18:0515-10-2018
Milan Most Actives
 
                                     Volume        Close       Change     % Change 
 
  Banca Carige                  578,132,901        0.005       +0.000        +8.16 
  CHL                           129,499,454        0.015        0.000        -1.29 
  Telecom Italia                 91,287,191        0.500       +0.010        +2.04 
  Intesa Sanpaolo                85,595,627        2.042       +0.016        +0.77 
  Enel                           20,290,995        4.309       +0.021        +0.49 
  Juventus Football Club         16,414,444        1.066       +0.033        +3.19 
  Tiscali                        14,004,325        0.013         unch         unch 
  Saipem                         13,956,012        5.062       +0.102        +2.06 
  Banco BPM                      12,650,087        1.880       +0.008        +0.41 
  Telecom Italia RNC             11,755,069        0.433       +0.009        +2.00 
  UniCredit                      11,306,845       11.918       +0.004        +0.03 
  ENI                             8,458,821       15.762       +0.142        +0.91 
  Snam SpA                        8,025,226        3.587       +0.032        +0.90 
  A2A SpA                         6,393,512        1.449       +0.024        +1.68 
  Assicurazioni Generali          6,246,372       14.140       -0.030        -0.21 
  Fiat Chrysler Automobiles       6,099,122       14.006       +0.036        +0.26 
  Unione di Banche Italiane       4,838,192        2.960       +0.001        +0.03 
  TERNA                           4,401,437        4.434       -0.004        -0.09 
  UnipolSAI Assicurazioni         4,125,684        1.909       -0.008        -0.39 
  Astaldi                         3,718,276        0.562       -0.033        -5.47 
  Mediobanca                      3,299,539        7.688       +0.010        +0.13 
  Hera                            3,026,336        2.406       -0.052        -2.12 
  STMicroelectronics              2,990,593       14.410       +0.025        +0.17 
  Risanamento                     2,744,640        0.023       +0.000        +0.86 
  Unipol Gruppo                   2,615,744        3.558       +0.004        +0.11 
  CNH Industrial                  2,465,061        9.668       +0.004        +0.04 
  Davide Campari-Milano           2,454,928        6.350       -0.070        -1.09 
  BPER Banca                      2,203,638        3.598       +0.025        +0.70 
  Moncler S.p.A.                  1,948,118       30.320       -0.600        -1.94 
  Pirelli                         1,904,690        6.262       -0.038        -0.60 
  Poste Italiane                  1,814,832        6.272       +0.024        +0.38 
  Fincantieri                     1,802,554        1.281       -0.008        -0.62 
  Saras                           1,754,053        1.780       -0.010        -0.56 
  Leonardo                        1,752,282        9.814       -0.082        -0.83 
  Mediaset                        1,656,865        2.637       +0.011        +0.42 
  Monte dei Paschi di Siena       1,655,840        1.775       -0.036        -1.96 
  Tenaris                         1,649,632       14.140       +0.060        +0.43 
  Italgas                         1,580,807        4.461       +0.032        +0.72 
  OVS                             1,402,005        1.950       -0.030        -1.52 
  Iren SpA                        1,382,241        1.904       -0.031        -1.60 
  FinecoBank                      1,222,884        9.750       -0.018        -0.18 
  Prysmian                        1,146,532       17.470       +0.035        +0.20 
  Innovatec S.p.A.                1,097,360        0.028       +0.005       +19.31 
  Brembo                          1,089,829        9.465       -0.370        -3.76 
  Beni Stabili                    1,014,901        0.704       -0.005        -0.71 
  Ferrari                           937,015       99.140       -1.410        -1.40 
  Azimut Holding                    925,675       11.990       -0.110        -0.91 
  Atlantia                          891,054       17.385       -0.130        -0.74 
  Piaggio & C.                      872,806        1.810       +0.023        +1.29 
  Salini Impregilo                  865,366        1.821       +0.006        +0.33 
 
Prices in Euros 
Source: SIX Financial Information 
 

(END) Dow Jones Newswires

October 15, 2018 12:05 ET (16:05 GMT)

10:0515-10-2018
Currency Rates Of Pulp and Paper Producing Countries
 
                                           Current        Prior 
  Argentina (Peso)                ARS     36.68650     36.59800 
  Australia (Dollar)              AUD      1.40311      1.40351 
  Brazil (Real)                   BRL      3.78280      3.78300 
  Canada (Dollar)                 CAD      1.30285      1.30135 
  China (Yuan)                    CNY      6.92730      6.91510 
  European Union (Euro)           EUR      0.86464      0.86255 
  India (Rupee)                   INR     73.92500     73.68500 
  Indonesia (Rupiah)              IDR  15233.00000  15198.00000 
  Japan (Yen)                     JPY    111.81400    112.34300 
  Korea, South (Won)              KRW   1133.18000   1132.81000 
  Mexico (Peso)                   MXN     18.82310     18.87270 
  New Zealand (Dollar)            NZD      1.53374      1.53398 
  Norway (Krone)                  NOK      8.18320      8.18860 
  Poland (Zloty)                  PLN      3.71085      3.71105 
  Russia (Ruble)                  RUB     65.74160     65.99280 
  South Africa (Rand)             ZAR     14.45960     14.46610 
  Sweden (Krona)                  SEK      8.98700      8.96130 
  Switzerland (Franc)             CHF      0.99030      0.98930 
  Taiwan (Dollar)                 TWD     30.88000     30.85700 
  Thailand (Baht)                 THB     32.72000     32.74000 
  Turkey (New Lira)               TRY      5.85040      5.97020 
  United Kingdom (Pound Sterling) GBP      0.76185      0.75512 
 
 
 
All currencies are quoted in units of currency per U.S. dollar. 
 
Source: Tullett Prebon. 
 

(END) Dow Jones Newswires

October 15, 2018 04:05 ET (08:05 GMT)

09:5315-10-2018
Italy's FTSE MIB Falls to 19-Month Low at 19245.59 Points
 

(END) Dow Jones Newswires

October 15, 2018 03:53 ET (07:53 GMT)

14:0013-10-2018
Lavazza and Illy Say 'Basta' as Global Coffee Wars Come to Italy
By Eric Sylvers 

TURIN, Italy -- Two of the best-known names in Italian coffee are bolstering their businesses, hoping to secure their independence as global coffee giants Starbucks Corp. and Nestlé SA make incursions into their turf.

Lavazza and Illy recently had to absorb the arrival of Starbucks, which opened its first store in Italy last month. Before that it was Nestlé announcing it would distribute Starbucks coffee around the world, including in Italy. And for the past several years, the popularity of Nestlé's Nespresso machines has posed a growing threat in the land of espresso.

The Italians are responding with deals of their own. Last week, Lavazza acquired Mars Inc.'s coffee business for $650 million, including debt. Illy this week announced that JAB Holding, the European holding company behind Peet's, Krispy Kreme and other American brands, will sell Illy pods that work in Nespresso machines.

The coffee business is booming. The $83-billion market for fresh and instant coffee has grown by a quarter in the past five years and is expected to advance another 16% in the coming five years, according to market research company Euromonitor International.

Lavazza and Illy, which are still both controlled by their founding families, are taking different paths. Lavazza has turned to acquisitions as it increases its number-one position among Italian coffee producers while Illy, officially known as Illycaffè, has preferred distribution deals.

Nestlé, a Switzerland-based multinational, accounts for almost a quarter of the world market for fresh and instant coffee, excluding coffee sold in coffee shops, according to Euromonitor. JAB is a distant second at 10%, followed by Lavazza and Starbucks Corp. at 2.5%. Starbucks also sells coffee through its more than 25,000 stores globally.

What the Italians lack in size they can make up in other ways, said Silvia Zucconi, marketing specialist at consultancy Nomisma in Bologna. "Their big advantage over the multinationals is that they are Italian, which is very important for coffee," she said, referring to Nestlé and JAB. "Espresso is seen as an Italian product, an expression of 'Made in Italy.'"

Many well-known Italian consumer brands such as Loro Piana and Bulgari have been sold by their controlling families to foreign investors in the years since the global financial crisis, which battered the Italian economy and hurt retail sales, including of luxury goods. Some family owners continue to hold out, including Nutella-maker Ferrero and pasta giant Barilla, as well as Illy and Lavazza.

Earlier this year in Turin, Lavazza gave a look at its independent future, revealing its new headquarters located in a converted power plant that includes offices, a museum, a restaurant and cafe. A well-known Italian actor served as MC and political dignitaries, including Turin's mayor, sat among the 300 invitees and mingled afterward with more than a dozen members of the Lavazza family.

Vice Chairman Giuseppe Lavazza, a descendant of the 123-year-old company's founder, used the event to announce that the family had turned down offers to buy the company from JAB and Nestlé, which both declined to comment. The new headquarters showed that the family was investing in a future that would be free of foreign ownership, he said.

Lavazza has been on a buying spree to increase its international footprint, acquiring coffee businesses in France, Denmark, Canada and Australia in the last three years. Mr. Lavazza said he would rest easier once revenue has increased to EUR2.5 billion ($2.9 billion), up from last year's EUR2 billion, expecting that a larger size will deter unwanted suitors. The Mars acquisition adds about EUR300 million in yearly revenue, getting the company closer to its goal, which Mr. Lavazza wants to reach by 2021.

Illy, based in Trieste, on Italy's northeastern border, is known for selling a single, high-end all-Arabica blend. Its distribution deal with JAB this week, and another similar accord signed in 2015, indicate that the company is pursuing alliances to help it tap the lucrative market for pods. Andrea Illy, the company's chairman and grandson of the founder, said in an interview that while Illy's independence remains paramount, other distribution accords could be signed in the future.

"It is hard for independents like Illy to not strike some sort of deal with the big players when it comes to pods," said Matthew Barry, senior beverages analyst at Euromonitor. "The largest pod systems are all controlled by either Nestlé or JAB."

Illy has shunned acquisitions, but it has invested aggressively in opening cafes and now has almost 250 in 43 countries.

While Lavazza and Illy are relatively mainstream producers, they are also feeling the pinch from niche producers in Western markets who are drawing affluent consumers to high-priced joe.

And then there is Starbucks. It is too early to tell how its new Milan superstore and the more-conventional outlets Starbucks plans to open in Italy will change the coffee habits of Italians. "I'm very curious to see what will happen," Mr. Lavazza said.

Write to Eric Sylvers at eric.sylvers@wsj.com

 

(END) Dow Jones Newswires

October 13, 2018 08:00 ET (12:00 GMT)

17:4615-10-2018
Italy's FTSE MIB Closes 0.2% Higher at 19287.6 Points
 

(END) Dow Jones Newswires

October 15, 2018 11:46 ET (15:46 GMT)

22:2215-10-2018
G7 Political, Economic Calendar - Week Ahead -2-
                       Corn (Metric Tons)                                 1006.7K 
                       Soybeans (Metric Tons)                             444.3K 
                       Wheat (Metric Tons)                                339K 
1230  US   Oct      Philadelphia Fed Business Outlook Survey 
                       Business Activity                       20         22.9 
                       Prices Paid                                        39.6 
                       Employment                                         17.6 
                       New Orders                                         21.4 
                       Prices Received                                    19.6 
                       Delivery Times                                     11.1 
                       Inventories                                        -3.5 
                       Shipments                                          19.6 
1230  CAN  Aug      Employment Insurance 
1305  US            FRB St. Louis President James Bullard speaks at Economic Club 
                    of Memphis event 
1345  US            Bloomberg Consumer Comfort Index 
1400  US   Sep      Leading Indicators 
                       Leading Index, M/M%                     +0.5%      +0.4% 
                       Leading Index                                      111.2 
                       Coincident Index, M/M%                             +0.2% 
                       Lagging Index, M/M%                                +0.2% 
1430  US   10/12    EIA Weekly Natural Gas Storage Report 
                       Working Gas In Storage (Cbf)                       2956B 
                       Working Gas In Storage, Net Chg (Cbf)              +90B 
1530  US            Economic Club of New York lunch event with Federal Reserve 
                    Vice Chair Randal Quarles 
2030  US            Foreign Central Bank Holdings 
2030  US            Money Stock Measures 
2030  US            Federal Discount Window Borrowings 
2330  JPN  Sep      CPI (Nation), CPI ex-Food (Nation) 
                       Japan Core CPI, Y/Y%                    +1.0%      +0.9% 
                       National Overall CPI, Y/Y%                         +1.3% 
                       National Overall CPI, M/M%                         +0.5% 
N/A   CAN           Yukon municipal elections in Canada 
N/A   US            Alaska Day 
 
Friday, October 19, 2018                                       Exp        Prev 
 GMT 
0800  EU   Aug      Euro area balance of payments 
0830  UK   Sep      Public sector finances 
                       PSNB ex (GBP)                           5.2B       6.8B 
                       PSNB ex, Yr Ago (GBP)                              4.3B 
                       PSNCR (GBP)                                        4.4B 
                       PSNCR ex Yr Ago (GBP)                              2.5B 
0900  ITA  Aug      Balance of Payments 
                       Current Account (EUR)                              8.607B 
1230  CAN  Sep      CPI 
                       CPI-Common, Y/Y%                                   +2.0% 
                       CPI-Median, Y/Y%                                   +2.1% 
                       CPI-Trim, Y/Y%                                     +2.2% 
                       All Items CPI, Y/Y%                                +2.8% 
                       All Items CPI, M/M%                                -0.1% 
1230  CAN  Aug      Retail trade 
                       Total Retail Sales, M/M%                           +0.3% 
                       Retail Sales Ex-Autos, M/M%                        +0.9% 
1400  US   Sep      Regional & State Employment & Unemployment 
1400  US   Sep      Existing Home Sales 
                       Existing Sales                          5.29M      5.34M 
                       Existing Sales, M/M%                    -0.9%      +0.0% 
                       Unsold Homes Month's Supply                        4.3 
                       Median Price (USD)                                 264800 
                       Median Home Price, Y/Y%                            +4.6% 
1430  US            Federal Reserve Board hosts 'Exploring Careers in Economics' 
                    live event for high school and college students 
1530  US            Economic Club of New York lunch event with Bank of England 
                    Governor Mark Carney 
N/A   US            Federal Reserve Bank of Atlanta President Raphael Bostic 
                    discusses the economic outlook at an event in Macon 
N/A   EU            Jean-Claude Juncker, Donald Tusk and Moon Jae-in at EU-South 
                    Korea summit 
N/A   EU            EU-ASEAN leaders' meeting 
 
Saturday, October 20, 2018                                     Exp        Prev 
 GMT 
1600  US            Federal Reserve Bank of Atlanta President Raphael Bostic 
                    speaks at an event in Atlanta 
N/A   CAN           British Columbia municipal elections in Canada 
 
Monday, October 22, 2018                                       Exp        Prev 
 GMT 
0430  JPN  Aug      All Industry Index 
0500  JPN  Sep      Steel Production 
0700  JPN  Sep      Convenience Store Sales 
0900  EU   Annual   General government deficit and debt - 2nd notification 
1000  GER  Oct      Bundesbank monthly report 
1230  CAN  Aug      Wholesale trade 
                       Wholesale Inventories, M/M%                        +1.4% 
                       Wholesale Trade, M/M%                              +1.5% 
1230  CAN  Q3       Investment in non-residential building construction 
1230  US   Sep      CFNAI Chicago Fed National Activity Index 
                       NAI                                                0.18 
                       NAI, 3-mo Moving Avg                               0.24 
N/A   US            United Nations System Chief Executives Board for Coordination 
                    meeting 
N/A   UK   Sep      Aluminium Production report 
N/A   CAN           Ontario municipal elections in Canada 
 
Tuesday, October 23, 2018                                      Exp        Prev 
 GMT 
0500  JPN  Sep      Supermarket sales 
0530  JPN  Sep      Nationwide department store sales 
                       Sales, Y/Y%                                        -0.2% 
0530  JPN  Sep      Tokyo area department store sales 
0600  JPN  Sep      Revised Machine Tool Orders 
0600  GER  Sep      PPI 
0800  EU            ECB Bank Lending Survey 
1000  UK   Oct      CBI Quarterly Industrial Trends Survey 
1145  US            The Retail Economist/Goldman Sachs Weekly Chain Store Sales 
                    Index 
                       Chain Store Sales, W/W% 
                       Chain Store Sales, M/M% 
1255  US            Johnson Redbook Retail Sales Index 
                       Ret Sales Mo-to-Date, M/M% 
                       Ret Sales Mo-to-Date, Y/Y% 
                       Latest Wk, Y/Y% 
1400  US   Oct      Richmond Fed Business Activity Survey 
                       Mfg Idx                                            29 
                       Shipments Idx                                      33 
1400  EU   Oct      FCCI Flash Consumer Confidence Indicator 
                       Consumer Conf Idx                                  -2.9 
2030  US            API Weekly Statistical Bulletin 
                       Crude Stocks, Net Chg (Bbls) 
                       Gasoline Stocks, Net Chg (Bbls) 
                       Distillate Stocks, Net Chg (Bbls) 
2301  UK   Oct      REC JobsOutlook survey 
N/A   FRA           OECD Equity in education: Breaking down barriers to social 
                    mobility report 
N/A   FRA           OECD Seminar with Bank of England Chief Economist Andy Haldane 
N/A   JPN           OECD Materials Outlook to 2060 report launch 
N/A   JPN  Aug      Final Labour Survey - Earnings, Employment & Hours Worked 
N/A   US            Federal Reserve Bank of Atlanta President Raphael Bostic 
                    speaks at Committee of 100 event 
N/A   US            Federal Reserve Bank of Chicago President Charles Evans 
                    speaks at Northwestern University 
N/A   UK   Sep      Hometrack UK Cities House Price Index 
 
 
 

(END) Dow Jones Newswires

October 15, 2018 16:22 ET (20:22 GMT)

07:0015-10-2018
newsbox.ch/ Newron Pharmaceuticals Announces Prominent Medical Experts to Present at its 2018 R&D Day on October 31 in New York

Dow Jones received a payment from Newsbox to publish this press release.

 
 
Newron Pharmaceuticals Announces Prominent Medical Experts to Present at its 
2018 R&D Day on October 31 in New York 
 
Leading clinicians in the fields of schizophrenia and Rett syndrome, 
 
John Kane, MD and Daniel Glaze, MD 
 
to present at research and investor update event 
 
Milan, Italy and Morristown, NJ, USA - October 15, 2018 - Newron Pharmaceuticals 
S.p.A. ("Newron") (SIX: NWRN), a biopharmaceutical company focused on the 
development of novel therapies for patients with diseases of the central nervous 
system, will host a research and development day featuring leading medical 
experts presenting on schizophrenia, treatment resistant schizophrenia and Rett 
syndrome on Wednesday, October 31, 2018 in New York City. 
 
This invitation only event will be held at Convene, 730 Third Avenue, New York 
City, from 10:00 AM to 1:00 PM EDT. Institutional investors, analysts and media 
representatives interested in attending can email 
newron2018rdday@lavoiehealthscience.com to register and to receive additional 
details. Please note that pre-registration is required to attend in person. 
 
John Kane, MD, Professor and Chairman of the Department of Psychiatry at the 
Donald and Barbara Zucker School of Medicine at Hofstra/Northwell will present 
the topic, "Spectrum of treatment resistant schizophrenia: new therapeutic 
mechanisms." One of the leading researchers in the field of schizophrenia, Dr. 
Kane is a recipient of the Lieber Prize for Outstanding Research in 
Schizophrenia, the Heinz E. Lehmann Research Award from New York State, and the 
Dean Award from the American College of Psychiatrists. 
 
Daniel Glaze, MD, Neurologist and Professor at Baylor College of Medicine in 
Houston, Texas, will address the topic "Rett Syndrome: Natural History of Awake 
Breathing Dysfunction and Emerging Data." Dr. Glaze's research has focused on 
Rett syndrome and includes investigations in the Rett Natural History Study, a 
multi-year study representing the largest group of Rett participants assessed 
repeatedly by direct examination. 
 
"We are honored to have distinguished medical researchers in the field of 
schizophrenia and Rett syndrome, such as Dr. Kane and Dr. Glaze, join our 
discussions in New York," said Stefan Weber, CEO of Newron. "We look forward to 
updating both the research community and investors with our progress on October 
31." 
 
Newron's senior executive management team will be presenting its financial 
outlook as well as updates on the company's clinical and commercial pipeline, 
including its pivotal Phase III STARS study for Rett syndrome, two potentially 
pivotal studies for Evenamide for schizophrenia and treatment-resistant 
schizophrenia, and updates on Xadago®, the first New Chemical Entity approved in 
Europe and the U.S. for Parkinson's Disease in a decade. 
 
Newron's 2018 R&D Day will also be accessible via live webcast beginning 10:00 
AM EDT (2:00 PM GMT, 3:00 PM CET). A link to the webcast will be available in 
the 2018 R&D Day section of the Company's website at 
https://www.newron.com/home/newron-rd-day. 
 
About Newron Pharmaceuticals 
 
Newron (SIX: NWRN) is a biopharmaceutical company focused on the development of 
novel therapies for patients with diseases of the central nervous system. The 
company is headquartered in Bresso near Milan, Italy. Xadago® (safinamide) has 
received marketing authorization for the treatment of Parkinson's disease in the 
European Union, Switzerland and the USA, and is commercialized by Newron's 
partner Zambon. US WorldMeds holds the commercialization rights in the USA. 
Meiji Seika has the rights to develop and commercialize the compound in Japan 
and other key Asian territories. In addition to Xadago® for Parkinson's disease, 
Newron has a strong pipeline of promising treatments for rare disease patients 
at various stages of clinical development, including sarizotan for patients with 
Rett syndrome and ralfinamide for patients with specific rare pain indications. 
Newron is also developing Evenamide as the potential first add-on therapy for 
the treatment of patients with positive symptoms of schizophrenia. For more 
information, please visit: www.newron.com 
 
For more information 
 
Newron 
 
Stefan Weber - CEO 
 
+39 02 6103 46 26 
 
pr@newron.com 
 
UK/Europe 
 
Julia Phillips / Natalie Garland-Collins, FTI Consulting 
 
+44 20 3727 1000 
 
SCnewron@fticonsulting.com 
 
Switzerland 
 
Martin Meier-Pfister, IRF Communications 
 
+41 43 244 81 40 
 
martin.meier-pfister@irfcom.ch 
 
Germany/Europe 
 
Anne Hennecke, MC Services 
 
+49 211 52925222 
 
anne.hennecke@mc-services.eu 
 
USA 
 
Paul Sagan, LaVoieHealthScience 
 
+1 617 374 8800, Ext. 112 
 
psagan@lavoiehealthscience.com 
 
Important Notices 
 
This document contains forward-looking statements, including (without limitation) 
 about (1) Newron's ability to develop and expand its business, successfully 
complete development of its current product candidates and current and future 
collaborations for the development and commercialisation of its product 
candidates and reduce costs (including staff costs), (2) the market for drugs to 
treat CNS diseases and pain conditions, (3) Newron's anticipated future revenues, 
 capital expenditures and financial resources, and (4) assumptions underlying 
any such statements. In some cases, these statements and assumptions can be 
identified by the fact that they use words such as "will," "anticipate," 
"estimate," "expect," "project," "intend," "plan," "believe," "target," and 
other words and terms of similar meaning. All statements, other than historical 
facts, contained herein regarding Newron's strategy, goals, plans, future 
financial position, projected revenues and costs and prospects are 
forward-looking statements. By their very nature, such statements and 
assumptions involve inherent risks and uncertainties, both general and specific, 
and risks exist that predictions, forecasts, projections and other outcomes 
described, assumed or implied therein will not be achieved. Future events and 
actual results could differ materially from those set out in, contemplated by or 
underlying the forward-looking statements due to a number of important factors. 
These factors include (without limitation) (1) uncertainties in the discovery, 
development or marketing of products, including without limitation negative 
results of clinical trials or research projects or unexpected side effects, (2) 
delay or inability in obtaining regulatory approvals or bringing products to 
market, (3) future market acceptance of products, (4) loss of or inability to 
obtain adequate protection for intellectual property rights, (5) inability to 
raise additional funds, (6) success of existing and entry into future 
collaborations and licensing agreements, (7) litigation, (8) loss of key 
executive or other employees, (9) adverse publicity and news coverage, and (10) 
competition, regulatory, legislative and judicial developments or changes in 
market and/or overall economic conditions. Newron may not actually achieve the 
plans, intentions or expectations disclosed in forward-looking statements, and 
assumptions underlying any such statements may prove wrong. Investors should 
therefore not place undue reliance on them. There can be no assurance that 
actual results of Newron's research programmes, development activities, 
commercialisation plans, collaborations and operations will not differ 
materially from the expectations set out in such forward-looking statements or 
underlying assumptions. Newron does not undertake any obligation to publicly 
update or revise forward-looking statements except as may be required by 
applicable regulations of the SIX Swiss Exchange, where the shares of Newron are 
listed. This announcement is not an offer for sale of securities in the United 
States, Canada, Australia or Japan or any other jurisdiction where such an offer 
or solicitation would otherwise be unlawful. The securities referred to herein 
may not be sold in the United States absent registration or an exemption from 
registration under the U.S. Securities Act of 1933, as amended. Newron does not 
intend to register any of its securities in the United States or to conduct a 
public offering of its securities in the United States. This document does not 
contain or constitute an offer or invitation to purchase or subscribe for any 
securities of Newron and no part of this document shall form the basis of or be 
relied upon in connection with any contract or commitment whatsoever. 
 
Press Release (PDF) 
 
+---------------------------++--------------++--------------------------------+ 
|Provider                   ||Channel       ||Contact                         | 
+---------------------------++--------------++--------------------------------+ 
|EQS Group Ltd., Switzerland||newsbox.ch    ||Provider/Channel related        | 
|switzerland.eqs.com        ||www.newsbox.ch||enquiries                       | 
|                           ||              ||cs.switzerland@eqs.com          | 
|                           ||              ||+41 41 763 00 50                | 
+---------------------------++--------------++--------------------------------+ 
 
 

(END) Dow Jones Newswires

October 15, 2018 01:00 ET (05:00 GMT)

09:0115-10-2018
Italy's FTSE MIB Falls 0.2% in Opening Trade
 

(END) Dow Jones Newswires

October 15, 2018 03:01 ET (07:01 GMT)

08:2313-10-2018
Draghi: Concerns on Italy So Far Are 'Local to Italy' and 'There Isn't Much Contagion Taking Place'
 

(MORE TO FOLLOW) Dow Jones Newswires

October 13, 2018 02:23 ET (06:23 GMT)

14:5315-10-2018
Talking Markets: Moody's Downgrade of Italy Looks a Done Deal
 

By Emese Bartha

 

A downgrade of Italy's credit rating by Moody's Investors Service looks like a done deal in the coming weeks, possibly as early as October.

The move is so widely expected that analysts say it could spark a short-term relief rally in Italian government bonds, depending on the rating agency's accompanying explanation.

Even so, a downgrade would reflect increasing concern that Italy's already elevated debt could rise even further.

Moody's has extended its review period on Italy to get clarity on the budget. It's widely expected to cut Italy's credit rating to 'Baa3' from 'Baa2'.

The Italian government is due to submit a detailed draft budgetary plan for next year to the European Commission later on Monday.

Italy's governing coalition of the antiestablishment 5 Star Movement and the far-right League has rattled financial markets over the past month. Their budget plans risk a fast-rising deficit and a conflict with the EU Commission, which aims to ensure countries don't run into too much debt.

If Moody's assigns a 'negative' outlook to its rating, further losses in Italian government bonds, known as BTPs, are likely. A 'stable' outlook may prompt a relief rally, however.

"Our base case continues to see Moody's downgrading Italy by one notch with a negative outlook," say Pooja Kumra, European rates strategist and Richard Kelly, head of global strategy at TD Securities.

"A single notch downgrade from Moody's seems to be well embedded into the BTP credit premium," say TD Securities' strategists.

Therefore, the spread between 10-year BTPs and German Bunds should stabilize around 280-300 basis points after such a move, they say, compared with around 306 basis points currently, according to TradeWeb.

Societe Generale's rates strategists "strongly" believe that ratings firms won't want to rock the boat. They see an 80% chance of Moody's downgrading Italy to 'Baa3' with a stable outlook. This scenario could lead to a small and brief rally in Italian government bonds. The bank's strategists see a 20% chance of a downgrade with a negative outlook.

"If Moody's issues a stable outlook, we would go long BTPs," Societe Generale's strategists said.

'Baa3' is the lowest investment grade rating, and would leave Italy on a par with Portugal.

Still, there's a difference between a downgrade to 'Baa3' and an upgrade to 'Baa3'. Moody's Investors Service on Friday upgraded Portugal by one notch to 'Baa3', leaving the country with investment grades from the four major rating firms--Moody's, S&P Global Ratings, Fitch Ratings and DBRS.

"Speculation could mount that Moody's will cut Italy's rating on Friday and align it with that of Portugal, which was raised last week," say ING's rates strategists.

S&P Global Ratings is scheduled to review Italy on Oct. 26. Markets expect the 'BBB' rating to remain unchanged but the outlook may be lowered to 'negative'.

Concerns about the proposed budget have lifted Italian government bond yields--which move inversely to prices--to multi-year highs.

The government has said it will run a budget deficit of 2.4% of gross domestic product next year, in defiance of EU rules that require a shrinking deficit, even though this would still be below the EU's 3% limit. Italy's fiscal watchdog says the government's numbers are based on excessively optimistic assumptions about economic growth.

Italy has the largest debt in the eurozone, amounting to EUR2.3 trillion, with a debt to gross domestic product ratio above 130%.

This is more than twice than laid out in the EU's Maastricht criteria. It will be crucial to see whether this debt measure worsens.

But David Zahn, head of European fixed income at Franklin Templeton says the average maturity of Italian debt has traditionally been very long.

This means that even with a rise in yields, interest costs "should not increase dramatically," he says.

At the end of September, the average residual life to maturity of Italian government debt was 81.53 months, or 6.79 years, according to Italian treasury data.

Franklin Templeton says it's unlikely that rising bond yields will affect Italy's finances for some time but if yields were to continue to rise it could pose a problem for Italy in the longer term. However, some investors may feel they are compensated for the risks at current yield levels, Mr. Zahn says.

Nevertheless, concerns about Italy may extend beyond the short term.

Barclays sees a risk of "severe" fiscal slippage in 2019 although it doesn't expect the European Commission to recommend opening an excessive deficit procedure before spring next year, says economist Fabio Fois.

"We do not expect the Italian government to soften its fiscal policy stance so long as financial market pressure remains manageable," he says.

 

Write to Emese Bartha at emese.bartha@wsj.com

 

(END) Dow Jones Newswires

October 15, 2018 08:53 ET (12:53 GMT)

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