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18:2325-05-2020
Telecom Italia Buys Noovle to Strengthen Cloud Business
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Telecom Italia Buys Noovle to Strengthen Cloud Business
 
   By Kim Richters 
 

Telecom Italia SpA said Monday that it has agreed to acquire digital-consulting company Noovle.

The Italian telecommunications company said the acquisition of Milan-based Noovle will help the group to expand its cloud-services business and strengthen its partnership with Google.

"We are happy to welcome Noovle into TIM's group. As the reference partner of Google Cloud in Italy, it will allow us to complete our expertise in this sector," said Carlo D'Asaro Biondo, the company's executive vice president at its Cloud Project.

"With the synergies it will bring, we expect a significant acceleration on the supply front and strengthening of our position on the market," he said

Telecom Italia didn't comment on the financial terms of the deal.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

May 25, 2020 12:23 ET (16:23 GMT)

14:5025-05-2020
Coronavirus Dashboard: Economic & Trading Data
 
Major trading data and key economic statistics since Coronavirus outbreak. 
 
 
                                      Monday, May 25, 2020 
 
 
Market Value (Trillions of USD) 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
U.S.                                          31.60         -4.93         -3.48 
World                                         74.35        -13.73        -11.65 
 
 
Global Benchmarks 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
S&P 500                                     2955.45       -12.72%        -9.15% 
DJIA                                       24465.16       -17.21%       -14.89% 
Nasdaq Composite                            9324.59        -5.02%        +2.14% 
Shanghai Composite                          2817.97        -9.55%        -8.12% 
Hang Seng                                  22952.24       -21.01%       -18.28% 
Korea Kospi                                 1994.60       -12.03%        -7.28% 
Nikkei 225                                 20741.65       -13.88%       -10.61% 
FTSE Straits Times                          2499.83       -23.81%       -22.98% 
S&P BSE Sensex                             30672.59       -26.89%       -24.85% 
FTSE MIB                                   17504.14       -31.30%       -26.55% 
FTSE 100                                    5993.28       -21.91%       -20.88% 
DAX                                        11335.13       -17.80%       -14.90% 
CAC 40                                      4514.84       -26.12%       -25.14% 
IBEX 35                                     6831.40       -32.25%       -28.78% 
S&P/TSX Composite                          14913.64       -16.89%       -13.13% 
 
 
S&P 500 Indexes 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
Airlines                                     136.60       -60.30%       -59.13% 
Hotels, Resorts & Cruise Lines               312.68       -51.30%       -49.56% 
Casinos & Gaming                             582.95       -45.01%       -42.38% 
Restaurants                                 1745.92       -14.03%       -10.45% 
Specialty Retail                            1345.53        -7.15%        -1.33% 
Retail REITs                                  53.04       -48.88%       -47.23% 
Food & Staples Retailing                     475.83        -5.28%        -2.66% 
Packaged Food & Meats                        521.39        -9.59%        -6.52% 
Household Products                           719.93        -8.27%        -3.59% 
Energy                                       288.94       -37.50%       -36.27% 
Banks                                        225.68       -41.12%       -39.70% 
Pharma, Biotech & Life Sciences              986.51        -2.03%        +0.28% 
Managed Health                              2482.75        -4.56%        -2.27% 
Interactive Home Entertainment               499.04       +12.95%       +15.79% 
 
 
Commodities 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
Nymex Crude                                   33.54       -46.99%       -43.73% 
RBOB Gasoline                                  1.05       -40.18%       -36.10% 
Gold                                        1726.80        +2.99%       +10.68% 
Copper                                         2.41       -16.15%       -14.31% 
Cotton                                        57.61       -19.46%       -17.65% 
Lean Hogs                                     56.03       -25.65%       -18.83% 
Wheat                                        508.50       -12.55%        -8.01% 
Soybeans                                     833.00       -12.89%       -12.06% 
 
 
Currencies 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
WSJ Dollar Index                              93.66        -3.46%        +3.76% 
MarketWatch Petrocurrency Index              231.82        -4.96%       +14.92% 
USD/CNY                                      7.1362        +0.31%        +2.73% 
USD/KRW                                     1241.59        -2.47%        +6.81% 
USD/JPY                                      107.69        -3.94%        -1.32% 
USD/SGP                                      1.4247        -2.40%        +5.45% 
USD/INR                                     75.8900        -0.64%        +6.13% 
EUR/USD                                      1.0908        -4.65%        -1.79% 
GBP/USD                                      1.2191        -7.99%        -6.91% 
USD/CAD                                      1.3987        -3.63%        +7.26% 
 
 
10 Year Government Bond Yields 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
                                              Yield      (Pct Pts)     (Pct Pts) 
 
U.S.                                         0.661%        -1.216        -1.213 
China                                        2.653%        -0.536        -0.517 
Hong Kong                                    0.684%        -1.173        -0.905 
South Korea                                  1.345%        -0.450        -0.285 
Japan                                        0.004%        -0.087        +0.011 
Singapore                                    0.710%        -1.065        -1.035 
India                                        5.965%        -0.879        -0.588 
Italy                                        1.596%        -0.781        +0.193 
U.K                                          0.177%        -0.650        -0.646 
Germany                                     -0.495%        -0.336        -0.254 
France                                      -0.042%        -0.380        -0.082 
Spain                                        0.682%        -0.509        +0.264 
Canada                                       0.509%        -1.122        -1.122 
 
 
Unemployment 
                                                                           Next 
                                                             2019       Release 
                                            Current       Average          Date 
 
U.S. Unemployment Rate                 14.7% (Apr.)          3.7%       June 05 
 -U.S. Participation Rate              60.2% (Apr.)         63.1%       June 05 
 -Total Nonfarm Payrolls            -20.500.000 (Apr.)      +178,000       June 05 
 -Leisure and Hospitality Payrolls   -7.700.000 (Apr.)       +30,750       June 05 
China                                   3.7% (Q1)            3.6%       June 04 
Hong Kong                               5.2% (Apr.)          2.9%       June 16 
South Korea                             3.8% (Apr.)          3.7%       June 09 
Japan                                   2.5% (Mar.)          2.4%        May 28 
Singapore                               2.4% (Q1)            2.3%       June 15 
Italy                                   8.4% (Mar.)          9.9%       June 03 
U.K.                                    3.9% (Mar.)          3.8%       June 16 
Germany                                 5.8% (Apr.)          5.0%       June 03 
France                                  7.8% (Q1)            8.4%        Aug 13 
Spain                                  14.5% (Mar.)         14.1%       June 03 
Canada                                 13.0% (Apr.)          5.7%       June 05 
 
 
GDP (Q/Q Annualized) 
                                                                           Next 
                                                             2019       Release 
                                            Current       Average          Date 
 
U.S.                                   -4.8% (Q1)            2.3%        May 28 
China                                  -6.8% (Q1)            6.2%       July 16 
Hong Kong                             -37.0% (Q1)           -1.5%       July 29 
South Korea                            -9.2% (Q1)            2.4%       June 01 
Japan                                  -3.4% (Q1)           -0.6%       June 07 
Singapore                               3.1% (Q4)            1.2%        May 26 
India                                   6.6% (Q4)            5.6%        May 29 
Italy                                  -4.7% (Q1)            0.1%        May 29 
U.K.                                   -2.0% (Q1)            1.1%       June 30 
Germany                                -2.2% (Q1)            0.1%       July 30 
France                                 -5.8% (Q1)            0.9%        May 29 
Spain                                  -5.2% (Q1)            1.8%       June 30 
Canada                                  0.3% (Q4)            1.5%        May 29 
 
 
Markit Services PMI 
                                                                           Next 
                                                             2019       Release 
                                            Current       Average          Date 
 
U.S.                                   26.70 (Apr.)         52.55       June 03 
China                                  44.36 (Apr.)         52.53       June 04 
Japan                                  21.47 (Apr.)         51.54       June 04 

(MORE TO FOLLOW) Dow Jones Newswires

May 25, 2020 08:50 ET (12:50 GMT)

06:1625-05-2020
Italy Calendar of Corporate Events - Month Ahead
Companies marked * display an estimated release date based on last year's report. An update is planned. 
 
Monday, May 25, 2020 
Company                        Event 
ASTM (AT.MI)                   Full Year 2019 AGM 
Esprinet (PRT.MI)              Full Year 2019 AGM & EGM 
Aeroporto Guglielmo Marconi    Full Year 2019 AGM - 2nd call [if required] 
      di Bologna (ADB.MI) 
Ambienthesis (ATH.MI)          Full Year 2019 AGM - 2nd call [if required] 
Sg Company (SGC.MI)            Full Year 2019 Final Results 
Tamburi Investment Partners    Full Year 2019 Ex-Dividend Date - 
      (TIP.MI)                 Proposed (seen 0.09) 
Zucchi SpA (ZUC.MI)            Q1 2020 Results 
Piteco (PITE.MI)               Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.15) 
Acotel Group (ACO.MI)          Full Year 2020 Results 
Cairo Communication (CAI.MI)   Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.04) 
Enav (ENAV.MI)                 Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.2094) 
 
Tuesday, May 26, 2020 
Company                        Event 
Gas Plus (GSP.MI)              Full Year 2019 AGM 
Risanamento SpA (RN.MI)        Full Year 2019 AGM - 2nd call [if required] 
Dovalue (DOV.MI)               Full Year 2019 AGM & EGM 
Prada (1913.HK)                Full Year 2019 AGM  [absentee voting] 
OVS SpA (OVS.MI)               Full Year 2019 Results 
 
Wednesday, May 27, 2020 
Company                        Event 
Class Editori (CLE.MI)         Full Year 2019 AGM - 1st call 
Zignago Vetro (ZV.MI)          Full Year 2019 AGM & EGM - 2nd call [if 
                               required] 
Indel B (INDB.MI)              Full Year 2019 AGM 
Edison - Risp (EDNR.MI)        Full Year 2019 AGM  - 2nd call [if 
                               required] 
Compagnia Immobiliare          Full Year 2019 AGM - 1st call 
      Azionaria (CIA.MI) 
OVS SpA (OVS.MI)               Full Year 2019 Earnings Conference Call 
Seri Industrial (SERI.MI)      Full Year 2019 AGM 
Olidata (OLI.MI)               Full Year 2019 Results 
Piteco (PITE.MI)               Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.15) 
Tamburi Investment Partners    Full Year 2019 Dividend Payment Date - 
      (TIP.MI)                 Proposed (seen 0.09) 
Cairo Communication (CAI.MI)   Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.04) 
Enav (ENAV.MI)                 Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.2094) 
Fnm (FNM.MI)                   Full Year 2019 AGM - 1st call 
 
Thursday, May 28, 2020 
Company                        Event 
Panariagroup Industrie         Full Year 2019 AGM 
      Ceramiche (PAN.MI) 
Gruppo MutuiOnline SpA         Full Year 2019 AGM 
      (MOL.MI) 
Tiscali SpA (TIS.MI)           Full Year 2019 AGM & EGM 
IMMSI (IMS.MI)                 Full Year 2019 AGM - 2nd call [if required] 
Compagnia Immobiliare          Full Year 2019 AGM & EGM - 2nd call [if 
      Azionaria (CIA.MI)       required] 
IVS Group (IVS.MI)             Q1 2020 Results 
LVenture Group SpA (LVEN.MI)   Full Year 2019 AGM & EGM - 1st call 
Tamburi Investment Partners    Q1 2020 Results 
      (TIP.MI)* 
Fnm (FNM.MI)                   Full Year 2019 AGM - 2nd call [if required] 
algoWatt (ALW.MI)*             Full Year 2019 Results 
axelero Spa (AXEL.MI)*         Full Year 2019 Results 
CHL (CHL.MI)*                  Full Year 2019 Results 
 
Friday, May 29, 2020 
Company                        Event 
Notorious Pictures (NPI.MI)    Full Year 2019 AGM - 2nd call [if required] 
Class Editori (CLE.MI)         Full Year 2019 AGM & EGM - 2nd call [if 
                               required] 
Atlantia Spa (ATL.MI)          Full Year 2019 AGM 
Acea Spa (ACE.MI)              Full Year 2019 AGM - 1st call  - 
                               postponed (COVID-19) 
Banca Carige - Ord (CRG.MI)    EGM re Reverse Stock Split 
Iren Spa (IRE.MI)              Full Year 2019 AGM - 2nd call [if required] 
Cose Belle d'Italia (CBI.MI)*  Full Year 2019 AGM & EGM - 1st call 
Ascopiave (ASC.MI)             Full Year 2019 AGM & EGM - 2nd call [if 
                               required] 
IVS Group (IVS.MI)*            Q1 2020 Earnings Conference Call  / Webcast 
LVenture Group SpA (LVEN.MI)   Full Year 2019 AGM & EGM - 2nd call [if 
                               required] 
Bialetti Industrie (BIA.MI)    Full Year 2019 Results 
Bialetti Industrie (BIA.MI)    Q1 2020 Results 
 
Saturday, May 30, 2020 
Company                        Event 
Acea Spa (ACE.MI)              Full Year 2019 AGM - 2nd call [if 
                               required]  - postponed (COVID-19) 
 
Monday, June 1, 2020 
Company                        Event 
Cose Belle d'Italia (CBI.MI)*  Full Year 2019 AGM & EGM - 2nd call [if 
                               required] 
Stefanel (STEF.MI)*            Full Year 2019 Results 
Intek Group (IKG.MI)*          Full Year 2019 AGM - 1st call 
Cembre (CMB.MI)                Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.90) 
 
Wednesday, June 3, 2020 
Company                        Event 
Conafi SpA (CNF.MI)            Full Year 2019 AGM 
Tod's Group (TOD.MI)           Full Year 2019 AGM - 1st call - postponed 
                               (COVID-19) 
Fiera Milano (FM.MI)*          2019 - 2022 Business Plan / Webcast 
Intek Group (IKG.MI)*          Full Year 2019 AGM - 2nd call [if required] 
Cembre (CMB.MI)                Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.90) 
El.En. (ELN.MI)*               Factory Company visit 
 
Thursday, June 4, 2020 
Company                        Event 
El.En. (ELN.MI)                Full Year 2019 AGM - 1st call 
Datalogic (DAL.MI)             Full Year 2019 AGM & EGM - postponed 
                               (COVID-19) 
 
Friday, June 5, 2020 
Company                        Event 
Natuzzi (NTZ)*                 Full Year 2019 AGM - 1st call [invitation 
                               only] 
 
Monday, June 8, 2020 
Company                        Event 
CIR Compagnie Industriali      Full Year 2019 AGM & EGM 
      Riunite SpA (CIR.MI) 
Borgosesia (BO.MI)             Full Year 2019 AGM - 1st call 
Gruppo MutuiOnline SpA         Full Year 2019 Ex-Dividend Date - 
      (MOL.MI)                 Proposed (seen 0.12) 
Mondadori Editore (MN.MI)      Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.06) 
Equita Group (EQUI.MI)         Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.19) 
Cattolica Assicurazioni        Full Year 2019 Ex-Dividend Date - Proposed 
      (CASS.MI)* 
Conafi SpA (CNF.MI)            Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.019) 
 
Tuesday, June 9, 2020 
Company                        Event 
Fincantieri (FCT.MI)           Full Year 2019 AGM 
Borgosesia (BO.MI)             Full Year 2019 AGM - 2nd call [if required] 
Natuzzi (NTZ)*                 Full Year 2019 AGM - 2nd call [if 
                               required] [invitation only] 
Exprivia SpA (XPR.MI)*         Presentation Business Plan 2020 - 2023 
Exprivia SpA (XPR.MI)*         Full Year 2019 AGM - 1st call 
 
Wednesday, June 10, 2020 
Company                        Event 
IMA SpA (IMA.MI)               Full Year 2019 AGM  - postponed (COVID-19) 
La Doria (LD.MI)               Full Year 2019 AGM & EGM- 1st call 
Irce (IRC.MI)                  Full Year 2019 AGM - 1st call 
Diasorin (DIA.MI)              Full Year 2019 AGM - 1st call - postponed 
                               (COVID-19) 
Exprivia SpA (XPR.MI)*         Full Year 2019 AGM - 2nd call [if required] 
Gruppo MutuiOnline SpA         Full Year 2019 Dividend Payment Date - 
      (MOL.MI)                 Proposed (seen 0.12) 
Mondadori Editore (MN.MI)      Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.06) 
Equita Group (EQUI.MI)         Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.19) 
Acotel Group (ACO.MI)*         Full Year 2019 AGM - 1st call 
Cattolica Assicurazioni        Full Year 2019 Dividend Payment Date - 
      (CASS.MI)*               Proposed 
Conafi SpA (CNF.MI)            Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.019) 
 
Thursday, June 11, 2020 
Company                        Event 
Igd - Siiq (IGD.MI)            Full Year 2019 AGM - 1st call 
Moncler (MOV.MI)               Full Year 2019 AGM & EGM 
Diasorin (DIA.MI)              Full Year 2019 AGM - 2nd call [if 
                               required] - postponed (COVID-19) 
Restart (RST.MI)               Full Year 2019 AGM - 2nd call [if required] 
Coima Res (CRES.MI)            Full Year 2019 AGM & EGM 
Atlantia Spa (ATL.MI)          Q1 2020 Results 
Acotel Group (ACO.MI)*         Full Year 2019 AGM - 2nd call [if required] 
 
Friday, June 12, 2020 
Company                        Event 
CSP International Fashion      Full Year 2019 AGM 
      Group (CSP.MI) 
Zucchi SpA (ZUC.MI)            Full Year 2019 AGM & EGM 
Igd - Siiq (IGD.MI)            Full Year 2019 AGM - 2nd call [if required] 
La Doria (LD.MI)               Full Year 2019 AGM & EGM - 2nd call [if 
                               required] 
Unieuro (UNIR.MI)              Full Year 2019 AGM 
ePRICE (EPR.MI)                Full Year 2019 AGM & EGM 
Natuzzi (NTZ)*                 Q1 2020 Earnings Conference Call  / Webcast 
Banca Popolare di Sondrio      Full Year 2019 AGM & EGM - 1st call 
      (BPSO.MI) 
Natuzzi (NTZ)*                 Q1 2020 Results 
 
Monday, June 15, 2020 
Company                        Event 
EEMS SpA (EEMS.MI)             Full Year 2019 AGM & EGM - 1st call 
IMA SpA (IMA.MI)               Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 2.00) 
Diasorin (DIA.MI)*             Full Year 2019 Ex-Dividend Date - Proposed 

(MORE TO FOLLOW) Dow Jones Newswires

May 25, 2020 00:16 ET (04:16 GMT)

22:1222-05-2020
G7 Political, Economic Calendar - Week Ahead -3-
                       End-Mo Current Idx                                 74.3 
1500  US            Federal Reserve Chair Jerome Powell speaks at Griswold Center 
                    for Economic Policy Studies event 
1900  US   Apr      Agricultural Prices 
                       Farm Prices, M/M%                                  +1.8% 
N/A   GER           German Chancellor Angela Merkel holds video conference with 
                    Swiss President Simonetta Sommaruga 
 
Saturday, May 30, 2020                                         Exp        Prev 
 GMT 
2301  UK   May      CBI Growth Indicator Survey 
 
 
 

(END) Dow Jones Newswires

May 22, 2020 16:12 ET (20:12 GMT)

06:1625-05-2020
Italy Calendar of Corporate Events - Month Ahead -2-
PLC SpA (PLC.MI)*              Full Year 2019 Ex-Dividend Date - Proposed 
Olidata (OLI.MI)*              Full Year 2019 AGM & EGM - 1st call 
Datalogic (DAL.MI)             Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.30) 
Ambienthesis (ATH.MI)          Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.0105) 
algoWatt (ALW.MI)*             Full Year 2019 AGM & EGM - 1st call 
Coima Res (CRES.MI)*           Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.20) 
Banca Popolare di Sondrio      Full Year 2019 AGM - 2nd call [if required] 
      (BPSO.MI)* 
 
Tuesday, June 16, 2020 
Company                        Event 
EEMS SpA (EEMS.MI)             Full Year 2019 AGM - 2nd call [if required] 
Bioera (BIE.MI)                Full Year 2019 AGM - 1st call 
BasicNet (BNTSF)*              Full Year 2019 AGM 
algoWatt (ALW.MI)*             Full Year 2019 AGM & EGM - 2nd call [if 
                               required] 
 
Wednesday, June 17, 2020 
Company                        Event 
Irce (IRC.MI)                  Full Year 2019 AGM - 2nd call [if required] 
Diasorin (DIA.MI)*             Full Year 2019 Dividend Payment Date - 
                               Proposed 
IMA SpA (IMA.MI)               Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 2.00) 
PLC SpA (PLC.MI)*              Full Year 2019 Dividend Payment Date - 
                               Proposed 
Ambienthesis (ATH.MI)          Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.0105) 
Coima Res (CRES.MI)            Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.20) 
Datalogic (DAL.MI)             Full Year 2019 Dividend Payment Date - 
                               Proposed (seen 0.30) 
 
Thursday, June 18, 2020 
Company                        Event 
El.En. (ELN.MI)                Full Year 2019 AGM & EGM - 2nd call [if 
                               required] 
Pirelli & Co (PIRC.MI)         Full Year 2019 AGM & EGM 
Aedes SIIQ (AED.MI)            Full Year 2019 AGM & EGM 
IVS Group (IVS.MI)             Full Year 2019 AGM  [absentee voting] 
Snam Spa (SRG.MI)              Full Year 2019 AGM & EGM  - postponed 
                               (COVID-19) 
Aquafil (ECNL.MI)              Full Year 2019 AGM 
TXT e-solutions (TXT.MI)       Full Year 2019 AGM 
Retelit (LIT.MI)*              Capital Markets Day 
Olidata (OLI.MI)*              Full Year 2019 AGM & EGM - 2nd call [if 
                               required] 
 
Friday, June 19, 2020 
Company                        Event 
Isagro (ISG.MI)                Full Year 2019 AGM 
Bioera (BIE.MI)                Full Year 2019 AGM - 2nd call [if required] 
 
Monday, June 22, 2020 
Company                        Event 
Rosss (ROS.MI)                 Full Year 2019 AGM - 1st call 
Pirelli & Co (PIRC.MI)*        Full Year 2019 Ex-Dividend Date - Proposed 
Leonardo Finmeccanica SpA      Full Year 2019 Ex-Dividend Date - 
      (LDO.MI)                 Proposed (seen 0.14) 
Iren Spa (IRE.MI)              Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.0925) 
Poste Italiane (PST.MI)        Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.309) 
Terna SpA (TRN.MI)             Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.1653) 
Telecom Italia SpA - Ord       Full Year 2019 Ex-Dividend Date - 
      (TIT.MI)                 Proposed (seen 0.01) 
Snam Spa (SRG.MI)*             Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.1426) 
Exprivia SpA (XPR.MI)*         Full Year 2019 Ex-Dividend Date - Proposed 
Alerion Cleanpower (ARN.MI)    Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.20) 
Acsm - Agam (ACS.MI)           Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.08) 
Acea Spa (ACE.MI)              Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.22) 
Carel Industries SpA (CRL.MI)  Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.12) 
EXOR (EXO.MI)                  Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.43) 
Dea Capital (DEA.MI)           Full Year 2019 Ex-Dividend Date - 
                               Proposed (seen 0.12) 
CHL (CHL.MI)*                  Full Year 2019 AGM & EGM 
 
 
 

(END) Dow Jones Newswires

May 25, 2020 00:16 ET (04:16 GMT)

18:0525-05-2020
Milan Closing Stock Prices
 
                                 Close     Change   % Change 
  FTSE MIB Index             17,595.90    +279.61      +1.61 
  Index Components 
  ENI                             8.26      +0.09      +1.05 
  FinecoBank                     10.16       0.00      -0.05 
  Poste Italiane                  7.70      +0.26      +3.47 
  Ferrari                       149.40      +2.60      +1.77 
  Italgas                         4.86      +0.08      +1.76 
  Pirelli                         3.62      +0.05      +1.31 
  Nexi                           15.68      +0.33      +2.15 
  STMicroelectronics             22.23      +0.30      +1.37 
  A2A                             1.22      +0.04      +3.66 
  UniCredit                       6.77      +0.04      +0.62 
  Intesa Sanpaolo                 1.46      +0.01      +0.90 
  Enel                            6.51      +0.10      +1.56 
  Amplifon                       24.12      +1.12      +4.87 
  Davide Campari-Milano           6.91      +0.01      +0.20 
  Snam                            4.12      +0.10      +2.54 
  Juventus Football Club          0.91      +0.05      +5.51 
  Banco BPM                       1.06      +0.01      +1.00 
  Tenaris                         5.60      +0.05      +0.94 
  Hera                            3.33      +0.12      +3.60 
  Unione di Banche Italiane       2.45      +0.01      +0.49 
  Atlantia                       14.14      +0.19      +1.33 
  TERNA                           5.86      +0.17      +2.95 
  Azimut Holding                 14.48      +0.14      +0.98 
  Salvatore Ferragamo            10.30      +0.14      +1.38 
  Banca Generali                 23.16      +0.34      +1.49 
  Prysmian                       19.25      +0.45      +2.37 
  DiaSorin                      209.40      +6.60      +3.25 
  Fiat Chrysler Automobiles       7.68      +0.26      +3.49 
  Assicurazioni Generali         12.13      -0.04      -0.37 
  EXOR                           47.63      +1.46      +3.16 
  Mediobanca                      5.19      +0.02      +0.35 
  Telecom Italia                  0.33      +0.01      +1.68 
  Recordati                      42.10      -0.06      -0.14 
  Saipem                          2.19      +0.06      +3.07 
  Buzzi Unicem                   17.44      +0.50      +2.95 
  Unipol Gruppo                   3.21      +0.09      +2.88 
  BPER Banca                      1.87      +0.00      +0.27 
  Leonardo                        5.49      +0.31      +5.94 
  CNH Industrial                  5.29      +0.28      +5.50 
  Moncler                        31.84      +0.61      +1.95 
 
Prices in Euro 
Source: FactSet 
 

(END) Dow Jones Newswires

May 25, 2020 12:05 ET (16:05 GMT)

22:1222-05-2020
G7 Political, Economic Calendar - Week Ahead -2-
                       Annual Rate, Q/Q%                       -4.8%      -4.8% 
                       Chain-Weighted Price Idx, Q/Q%          +1.3%      +1.3% 
                       Corporate Profits, Q/Q%                            +3.7% 
                       PCE Price Idx, Q/Q%                                +1.3% 
                       Purchase Price Idx, Q/Q%                           +1.6% 
                       Real Final Sales, Q/Q%                             -4.3% 
                       Core PCE Price Idx, Q/Q%                           +1.8% 
                       Consumer Spending, Q/Q%                            -7.6% 
1230  US   Apr      Advance Report on Durable Goods 
                       Durable Goods-SA, M/M%                  -20.0%     -14.4% 
                       Dur Goods, Ex-Defense, M/M%                        -15.8% 
                       Dur Goods, Ex-Transport, M/M%                      -0.2% 
                       Orders: Cap Gds, Non-Def, Ex-Air, M/M%             +0.1% 
                       Shipmnts: Cap Gds, Non-Def, Ex-Air,                -0.2% 
                       M/M% 
1230  US   05/23    Unemployment Insurance Weekly Claims Report - Initial Claims 
                       Jobless Claims                          2000K      2438K 
                       Jobless Claims, Net Chg                            -249K 
                       Continuing Claims                                  25073000 
                       Continuing Claims, Net Chg                         +2525K 
1345  US            Bloomberg Consumer Comfort Index 
1400  US   Apr      Pending Home Sales Index 
                       Pending Home Sales                                 88.2 
                       Pending Home Sales Idx, M/M%            -15.0%     -20.8% 
                       Pending Home Sales Idx , Y/Y%                      -16.3% 
1430  US   05/22    EIA Weekly Natural Gas Storage Report 
                       Working Gas In Storage (Cbf)                       2503B 
                       Working Gas In Storage, Net Chg (Cbf)              +81B 
1500  US   05/22    EIA Weekly Petroleum Status Report 
                       Crude Oil Stocks (Bbl)                             526.494M 
                       Crude Oil Stocks, Net Chg (Bbl)                    -4.982M 
                       Gasoline Stocks (Bbl)                              255.724M 
                       Gasoline Stocks, Net Chg (Bbl)                     +2.83M 
                       Distillate Stocks (Bbl)                            158.832M 
                       Distillate Stocks, Net Chg (Bbl)                   +3.831M 
                       Refinery Usage                                     69.4% 
                       Total Prod Supplied (Bbl/day)                      16.586M 
                       Total Prod Supplied, Net Chg (Bbl/day)             -0.228M 
1500  US   May      Federal Reserve Bank of Kansas City Survey of Tenth District 
                    Manufacturing 
                       Mfg Activity Idx                                   -62 
                       6-Mo Exp Prod Idx                                  -8 
                       Mfg Composite Idx                                  -30 
                       6-Mo Exp Composite Idx                             -6 
2030  US            Foreign Central Bank Holdings 
2030  US            Federal Discount Window Borrowings 
2030  US            Money Stock Measures 
2301  UK   Apr      UK monthly automotive manufacturing figures 
2330  JPN  Apr      Labour Force Survey 
                       Jobless Rate                                       2.5% 
2330  JPN  May      CPI (Tokyo), CPI ex-Food (Tokyo) 
                       Tokyo Core CPI, Y/Y%                               -0.1% 
                       Tokyo Overall CPI, Y/Y%                            +0.2% 
                       Tokyo Overall CPI, M/M%                            +0.0% 
2350  JPN  Apr      Preliminary Industrial Production 
                       Indus Output, M/M%                                 -3.7% 
                       Inventory/Shipment Ratio, M/M%                     +8.5% 
                       Shipments, M/M%                                    -5.0% 
                       Inventories, M/M%                                  +1.9% 
                       Indus Output Mo-Ahead Forecast                     +1.4% 
                       Indus Output 2-Mo Forecast                         -1.4% 
                       Indus Output 3-Mo Forecast                         +0.4% 
2350  JPN  Apr      Preliminary Retail Sales 
                       Retail Sales, Y/Y%                                 -4.6% 
                       Large-Scale Retail Sales, Y/Y%                     -10.1% 
N/A   UK            Bank of England Monetary Policy Committee External Member 
                    Michael Saunders delivers speech 
N/A   US            FRB New York President John Williams meets Long Island govt, 
                    business and nonprofit leaders 
N/A   FRA           POSTPONED: OECD Ministerial Council Meeting concludes * 
                    Postponed due to the coronavirus (COVID-19) pandemic 
N/A   GER  May      Baden-Wuerttemberg CPI 
                       CPI, M/M%                                          +0.4% 
                       CPI, Y/Y%                                          +0.9% 
 
Friday, May 29, 2020                                           Exp        Prev 
 GMT 
0400  JPN  Mar      Auto exports 
                       Exports, Y/Y%                                      -5.6% 
0400  JPN  Mar      Auto production 
                       Production, Y/Y%                                   -11.03% 
0430  JPN  Apr      Preliminary Report on Petroleum Statistics 
0500  JPN  Apr      Housing Starts 
0500  JPN  Apr      Construction Orders 
0500  JPN  Apr      Steel Imports & Exports Statistics 
0500  JPN  May      Consumer Confidence Survey 
                       Consumer Conf Idx                                  21.6 
0600  GER  Apr      Foreign trade price indices 
0600  GER  Apr      Retail Trade 
0645  FRA  Apr      PPI 
0645  FRA  Q1       GDP - detailed figures 
0645  FRA  Q1       New home sales 
0645  FRA  Apr      CANCELLED: Housing starts 
0645  FRA  Apr      Household consumption expenditure in manufactured goods 
                       Consumer Spending M/M%                  -19.0%     -17.9% 
                       Consumer Spending Y/Y%                  -34.2%     -18.1% 
0645  FRA  May      Provisional CPI 
                       CPI, M/M%                               +0.1%      +0.1% 
                       CPI, Y/Y%                               +0.3%      +0.4% 
                       Harmonized CPI, Y/Y%                    +0.3%      +0.5% 
0730  EU   May      EuroCOIN indicator of euro area economic activity 
0800  EU   Apr      Monetary developments in the euro area (M3) 
                       M3                                      +7.7%      +7.5% 
                       M3, 3-Mo Avg                            +6.8%      +6.0% 
                       Loans to Households                                +3.4% 
                       Loans to Firms                                     +5.4% 
0800  ITA  Q1       GDP 
0830  ITA           Bank of Italy Annual Report presentation with Governor 
                    Ignazio Visco 
0830  UK   Apr      Capital issuance 
0900  ITA  May      Cities CPI 
0900  EU   May      Flash Estimate euro area inflation 
                       CPI, Y/Y%                                          +0.4% 
                       Core CPI, Y/Y%                          0.9        0.9 
0900  ITA  May      Provisional CPI 
                       CPI, M/M%                               -0.1%      +0.1% 
                       CPI, Y/Y%                                          +0.0% 
1230  CAN  Apr      Industrial product & raw materials price indexes 
                       Indus Prices, M/M%                                 -0.9% 
                       Raw Material Prices, M/M%                          -15.6% 
1230  CAN  Q1       Quarterly GDP 
1230  CAN  Mar      GDP 
                       GDP, M/M%                                          +0.0% 
                       Qtrly Annualized % Chg                             +0.3% 
                       Imports, Q/Q%                                      -0.6% 
                       Exports, Q/Q%                                      -1.3% 
                       Business Inventories (CAD)                         10.379B 
                       Domestic Demand, Q/Q%                              +0.2% 
1230  US   Apr      Personal Income & Outlays 
                       Personal Income, M/M%                   -6.2%      -2% 
                       Consumer Spending, M/M%                 -13.0%     -7.5% 
                       PCE Price Idx, M/M%                                -0.3% 
                       PCE Price Idx, Y/Y%                                +1.3% 
                       PCE Core Price Idx, M/M%                -0.3%      -0.1% 
                       PCE Core Price Idx, Y/Y%                +1.1%      +1.7% 
1230  US   Apr      Advance Economic Indicators Report 
1230  US            U.S. Weekly Export Sales 
                       Corn (Metric Tons)                                 854.9K 
                       Soybeans (Metric Tons)                             1669K 
                       Wheat (Metric Tons)                                428.2K 
1330  US            ABA Economic Advisory Committee economic forecast 
1345  US   May      ISM-Chicago Business Survey - Chicago PMI 
                       PMI-Adj                                 40.0       35.4 
1400  US   May      University of Michigan Survey of Consumers - final 
                       End-Mo Sentiment Idx                    74.0       71.8 
                       End-Mo Expectations Idx                            70.1 
                       12-Month Inflation Forecast                        2.1% 
                       5-Year Inflation Forecast                          2.5% 

(MORE TO FOLLOW) Dow Jones Newswires

May 22, 2020 16:12 ET (20:12 GMT)

14:4422-05-2020
Coronavirus Dashboard: Economic & Trading Data
 
Major trading data and key economic statistics since Coronavirus outbreak. 
 
 
                                      Friday, May 22, 2020 
 
 
Market Value (Trillions of USD) 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
U.S.                                          31.50         -5.03         -3.58 
World                                         74.89        -13.19        -11.11 
 
 
Global Benchmarks 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
S&P 500                                     2948.51       -12.92%        -9.36% 
DJIA                                       24474.12       -17.18%       -14.86% 
Nasdaq Composite                            9284.88        -5.42%        +1.70% 
Shanghai Composite                          2813.77        -9.69%        -8.25% 
Hang Seng                                  22930.14       -21.08%       -18.36% 
Korea Kospi                                 1970.13       -13.10%        -8.42% 
Nikkei 225                                 20388.16       -15.34%       -12.14% 
FTSE Straits Times                          2499.83       -23.81%       -22.98% 
S&P BSE Sensex                             30672.59       -26.89%       -24.85% 
FTSE MIB                                   17339.07       -31.94%       -27.24% 
FTSE 100                                    6003.29       -21.78%       -20.75% 
DAX                                        11106.78       -19.45%       -16.62% 
CAC 40                                      4468.71       -26.88%       -25.90% 
IBEX 35                                     6740.10       -33.16%       -29.73% 
S&P/TSX Composite                          14884.85       -17.05%       -13.30% 
 
 
S&P 500 Indexes 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
Airlines                                     139.64       -59.42%       -58.22% 
Hotels, Resorts & Cruise Lines               312.72       -51.30%       -49.55% 
Casinos & Gaming                             602.95       -43.13%       -40.40% 
Restaurants                                 1750.62       -13.80%       -10.21% 
Specialty Retail                            1343.86        -7.27%        -1.45% 
Retail REITs                                  53.56       -48.38%       -46.72% 
Food & Staples Retailing                     477.06        -5.03%        -2.41% 
Packaged Food & Meats                        516.62       -10.42%        -7.38% 
Household Products                           713.63        -9.08%        -4.44% 
Energy                                       290.88       -37.09%       -35.84% 
Banks                                        227.49       -40.65%       -39.22% 
Pharma, Biotech & Life Sciences              987.75        -1.91%        +0.40% 
Managed Health                              2471.97        -4.97%        -2.69% 
Interactive Home Entertainment               492.28       +11.42%       +14.22% 
 
 
Commodities 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
Nymex Crude                                   32.49       -48.65%       -45.50% 
RBOB Gasoline                                  1.04       -41.19%       -37.18% 
Gold                                        1739.30        +3.74%       +11.48% 
Copper                                         2.38       -17.26%       -15.45% 
Cotton                                        57.28       -19.92%       -18.12% 
Lean Hogs                                     57.25       -24.02%       -17.06% 
Wheat                                        507.25       -12.77%        -8.23% 
Soybeans                                     831.25       -13.07%       -12.25% 
 
 
Currencies 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
 
WSJ Dollar Index                              93.76        -3.36%        +3.87% 
MarketWatch Petrocurrency Index              232.25        -4.78%       +15.13% 
USD/CNY                                      7.1357        +0.30%        +2.73% 
USD/KRW                                     1242.86        -2.37%        +6.92% 
USD/JPY                                      107.51        -4.10%        -1.49% 
USD/SGP                                      1.4244        -2.43%        +5.43% 
USD/INR                                     75.8900        -0.64%        +6.13% 
EUR/USD                                      1.0901        -4.71%        -1.85% 
GBP/USD                                      1.2173        -8.13%        -7.05% 
USD/CAD                                      1.4018        -3.41%        +7.50% 
 
 
10 Year Government Bond Yields 
                                                            Since         Since 
                                                          1Q 2020        Jan. 8 
                                            Current          Peak          2020 
                                              Yield      (Pct Pts)     (Pct Pts) 
 
U.S.                                         0.650%        -1.227        -1.224 
China                                        2.602%        -0.587        -0.568 
Hong Kong                                    0.669%        -1.188        -0.920 
South Korea                                  1.375%        -0.420        -0.255 
Japan                                       -0.007%        -0.098        +0.000 
Singapore                                    0.710%        -1.065        -1.035 
India                                        5.965%        -0.879        -0.588 
Italy                                        1.613%        -0.764        +0.210 
U.K                                          0.171%        -0.656        -0.652 
Germany                                     -0.496%        -0.337        -0.255 
France                                      -0.048%        -0.386        -0.088 
Spain                                        0.695%        -0.496        +0.277 
Canada                                       0.522%        -1.109        -1.109 
 
 
Unemployment 
                                                                           Next 
                                                             2019       Release 
                                            Current       Average          Date 
 
U.S. Unemployment Rate                 14.7% (Apr.)          3.7%       June 05 
 -U.S. Participation Rate              60.2% (Apr.)         63.1%       June 05 
 -Total Nonfarm Payrolls            -20.500.000 (Apr.)      +178,000       June 05 
 -Leisure and Hospitality Payrolls   -7.700.000 (Apr.)       +30,750       June 05 
China                                   3.7% (Q1)            3.6%       June 04 
Hong Kong                               5.2% (Apr.)          2.9%       June 16 
South Korea                             3.8% (Apr.)          3.7%       June 09 
Japan                                   2.5% (Mar.)          2.4%        May 28 
Singapore                               2.4% (Q1)            2.3%       June 15 
Italy                                   8.4% (Mar.)          9.9%       June 03 
U.K.                                    3.9% (Mar.)          3.8%       June 16 
Germany                                 5.8% (Apr.)          5.0%       June 03 
France                                  7.8% (Q1)            8.4%        Aug 13 
Spain                                  14.5% (Mar.)         14.1%       June 03 
Canada                                 13.0% (Apr.)          5.7%       June 05 
 
 
GDP (Q/Q Annualized) 
                                                                           Next 
                                                             2019       Release 
                                            Current       Average          Date 
 
U.S.                                   -4.8% (Q1)            2.3%        May 28 
China                                  -6.8% (Q1)            6.2%       July 16 
Hong Kong                             -37.0% (Q1)           -1.5%       July 29 
South Korea                            -9.2% (Q1)            2.4%       June 01 
Japan                                  -3.4% (Q1)           -0.6%       June 07 
Singapore                               3.1% (Q4)            1.2%        May 26 
India                                   6.6% (Q4)            5.6%        May 29 
Italy                                  -4.7% (Q1)            0.1%        May 29 
U.K.                                   -2.0% (Q1)            1.1%       June 30 
Germany                                -2.2% (Q1)            0.1%        May 25 
France                                 -5.8% (Q1)            0.9%        May 29 
Spain                                  -5.2% (Q1)            1.8%       June 30 
Canada                                  0.3% (Q4)            1.5%        May 29 
 
 
Markit Services PMI 
                                                                           Next 
                                                             2019       Release 
                                            Current       Average          Date 
 
U.S.                                   26.70 (Apr.)         52.55       June 03 
China                                  44.36 (Apr.)         52.53       June 04 
Japan                                  21.47 (Apr.)         51.54       June 04 

(MORE TO FOLLOW) Dow Jones Newswires

May 22, 2020 08:44 ET (12:44 GMT)

18:0022-05-2020
U.K. to Require 14-Day Quarantine of Arrivals to Contain Coronavirus
By Max Colchester and Daniel Michaels 

LONDON -- The U.K. government said it would impose next month a 14-day self-quarantine requirement for nearly all travelers arriving into the country, a tightening that comes as the rest of Europe slowly begins to ease border restrictions.

Britain has been among a small number of countries to leave their borders largely open during the Covid-19 crisis. With infection rates falling, the U.K. government argued that a quarantine would make it easier to halt a new wave of Covid-19 infections.

"We are introducing these new measures now to keep the transmission rate down and prevent a devastating second wave," U.K. Home Secretary Priti Patel said on Friday.

The quarantine will come into force on June 8 and be regularly reviewed. Except for workers in a handful of industries including trucking and medicine, people arriving in the country will have to hole up at a given address for two weeks or face a GBP1,000 fine ($1,218).

The strategy is a change of tack for the U.K. British officials had argued that quarantining travelers was a blunt instrument in fighting the new coronavirus.

Initially the U.K. quarantined arrivals from Wuhan, China, but that policy was dropped in mid-March when the government decided to scale back testing to focus on diagnosing sick people arriving at hospitals.

Since then, arrivals in the U.K. have been largely left free to roam. Health Secretary Matt Hancock previously said that quarantines achieved little, citing countries such as Italy that had clamped down on travelers but still suffered a serious outbreak of the disease.

The British government is playing a cautious hand as it eases the country out of lockdown. With more than 36,000 deaths linked to the disease in the U.K., the highest death toll in Europe, U.K. officials are nervous about a sudden reappearance of the virus.

"As the number of infections within the U.K. drops, we must now manage the risk of transmissions being reintroduced from elsewhere," said John Aston, the Home Office's chief scientific adviser.

The shift chafes with the government's plan to try to get the economy ticking over. The airline industry reacted with dismay to Friday's announcement, saying the measures would hamper any economic rebound.

The belated quarantine measure "makes no sense," said Tim Alderslade, the chief executive of the lobby group Airlines UK.

Ryanair Holdings PLC Chief Executive Michael O'Leary called Britain's policy idiotic. Mr. O'Leary raised practical concerns, saying the measure isn't enforceable and is made largely redundant by the use of commuter trains from the airport. The government advises people to travel to and from airports by car.

The U.S. is combating the risk of a foreign Covid-19 spread by largely banning the British and people from the European Union from entering the country. However, most countries in the EU's passport-free travel zone have begun relaxing entry restrictions on others in the 26-country Schengen zone. Since mid-May, Germany, Poland and many other countries have lifted 14-day quarantine restrictions for people arriving from other Schengen countries.

Italy has said it would reopen to travelers from all Schengen countries on June 3. France is taking a reciprocal approach, planning to open its borders with countries including Germany that have agreed to let French residents in. Paris has threatened to quarantine people from countries that impose such measures on people from France.

Not all Schengen countries are amenable to fully opening. Austria has said it would reopen to countries that have limited the impact of the new coronavirus, as it has. Italy, with which Austria shares a land border and which was among Europe's hardest-hit countries, will be among the last countries to regain access to Austria, potentially in July -- a decision that has angered Italian politicians.

Travel in and out of the Schengen zone and neighboring countries including Ireland and the U.K. is strictly limited until June 15, and that date is likely to be extended.

In the U.K., it is unclear how rigorously the quarantine will be policed. The government said it would request that arrivals provide an address where they will be staying upon arrival in Britain and download a yet-to-be-launched phone app that will track their movements.

Police will then undertake spot checks of the address. If the address isn't deemed suitable, then travelers can be placed in special accommodation provided by the government. Travelers can also be fined for not filling in the form with their address.

With authorities mindful of the impact on the economy, a number of people are exempt. Truckers, vital in delivering food into the country, won't have to isolate. Nor will medical professionals and seasonal agricultural workers. Travelers from Ireland won't be quarantined as the country is in a common travel area with the U.K. Initially a working group looked at allowing travelers from France to avoid quarantine, but that idea was scrapped.

The government says it may ease quarantine restrictions with specific nations who perform health checks on travelers before they depart.

--Benjamin Katz contributed to this article.

Write to Max Colchester at max.colchester@wsj.com and Daniel Michaels at daniel.michaels@wsj.com

 

(END) Dow Jones Newswires

May 22, 2020 12:00 ET (16:00 GMT)

14:4422-05-2020
Coronavirus Dashboard: Economic & Trading Data -2-
India                                   5.38 (Apr)          51.46       June 03 
Italy                                  10.76 (Apr.)         50.95       June 03 
U.K.                                   13.39 (Apr.)         50.23       June 03 
Germany                                16.23 (Apr.)         53.96       June 03 
France                                 10.19 (Apr.)         51.39       June 03 
Spain                                   7.12 (Apr)          53.90       June 03 
 
 
Markit Manufacturing PMI 
                                                                           Next 
                                                             2019       Release 
                                            Current       Average          Date 
 
U.S.                                   36.08 (Apr.)         51.86       June 01 
China                                  49.39 (Apr.)         50.47       June 01 
South Korea                            41.61 (Apr.)         48.56       June 01 
Japan                                  41.85 (Apr.)         49.25       June 01 
India                                  27.42 (Apr.)         52.28       June 01 
Italy                                  31.11 (Apr.)         48.04       June 01 
U.K.                                   32.62 (Apr.)         50.03       June 01 
Germany                                34.51 (Apr.)         44.44       June 01 
France                                 31.51 (Apr.)         50.72       June 01 
Spain                                  30.83 (Apr.)         49.13       June 01 
Canada                                 32.95 (Apr.)         50.61       June 01 
 
 
Retail Sales (Y/Y) 
                                                                           Next 
                                                             2019       Release 
                                            Current       Average          Date 
 
U.S.                                  -21.6% (Apr.)          3.5%       June 16 
Hong Kong                             -43.7% (Mar.)        -12.5%       June 01 
South Korea                             9.5% (Mar.)          0.6%        May 29 
Japan                                  -4.7% (Mar.)          0.1%        May 28 
Singapore                             -13.3% (Mar.)         -3.5%       June 05 
Italy                                 -18.4% (Mar.)          0.8%       June 05 
U.K.                                  -23.2% (Apr.)          3.4%       June 18 
Germany                                -3.1% (Mar.)          2.6%       June 04 
France                                -16.0% (Mar.)          2.4%       June 04 
Spain                                 -14.3% (Mar.)          2.4%        May 28 
Canada                                  3.0% (Feb.)          1.6%        May 22 
 
 
US Sentiment Indicators 
                                                                           Next 
                                                             2019       Release 
                                            Current       Average          Date 
 
Vistage Small Business Confidence       58.3 (May)           96.7       June 09 
UMich Consumer Sentiment                73.7 (May)           96.0        May 29 
UMich Current Economic Conditions       83.0 (May)          110.8        May 29 
 
 
NOTE 1: Data for market values, indexes, commodities, currencies and bond yields are 
calculated from the 1Q 2020 peak for each instrument. The "since January 8, 2020" 
column represents the change since the day before Chinese officials announced the 
coronavirus outbreak. The 2019 averages represent 12-month or 4-quarter average for 
each indicator. GDP data are quarter over quarter annualized, with the exception of 
China, which is year over year. 
 
 
Sources: Dow Jones Market Data, FactSet, Eurostat, Vistage Worldwide 
 

(END) Dow Jones Newswires

May 22, 2020 08:44 ET (12:44 GMT)

10:0525-05-2020
Currency Rates Of Pulp and Paper Producing Countries
 
                                           Current        Prior 
  Argentina (Peso)                ARS     68.16420     68.01761 
  Australia (Dollar)              AUD      1.53280      1.53492 
  Brazil (Real)                   BRL      5.53360      5.55410 
  Canada (Dollar)                 CAD      1.40025      1.40265 
  China (Yuan)                    CNY      7.14160      7.13360 
  European Union (Euro)           EUR      0.91933      0.91722 
  India (Rupee)                   INR     76.02500     75.86500 
  Indonesia (Rupiah)              IDR  14710.00000  14710.00000 
  Japan (Yen)                     JPY    107.72900    107.43900 
  Korea, South (Won)              KRW   1242.97000   1239.57000 
  Mexico (Peso)                   MXN     22.72190     23.12490 
  New Zealand (Dollar)            NZD      1.64285      1.63961 
  Norway (Krone)                  NOK     10.03480     10.08550 
  Poland (Zloty)                  PLN      4.14855      4.14925 
  Russia (Ruble)                  RUB     71.52980     71.94790 
  South Africa (Rand)             ZAR     17.64710     17.84970 
  Sweden (Krona)                  SEK      9.68960      9.69560 
  Switzerland (Franc)             CHF      0.97310      0.97150 
  Taiwan (Dollar)                 TWD     30.06600     30.02700 
  Thailand (Baht)                 THB     31.99000     31.87000 
  Turkey (New Lira)               TRY      6.81520      6.80640 
  United Kingdom (Pound Sterling) GBP      0.82183      0.82129 
 
 
 
All currencies are quoted in units of currency per U.S. dollar. 
 
Source: Tullett Prebon. 
 

(END) Dow Jones Newswires

May 25, 2020 04:05 ET (08:05 GMT)

20:5422-05-2020
CVC Capital Backs Rugby League to Expand Pro Sports Portfolio
By Ted Bunker 

CVC Capital Partners has acquired a 28% interest in the Guinness PRO14 Rugby league, extending the firm's reach into professional sports.

London-based CVC invested GBP116 million ($141 million) in the PRO14 league, according to a person familiar with the matter. That would give the rugby union a value of roughly GBP415 million.

The investment comes as the contact sport, like many others, has shut down competition and other operations amid the coronavirus pandemic. England's Premiership League, which includes CVC as an investor, said this week that team training may resume in a few weeks.

CVC is looking for more professional sports investment opportunities world-wide, the person said. The firm invested in the rugby league through its CVC Capital Partners Fund VII, which closed to new investors in 2017 with about EUR16 billion in capital commitments.

The firm also is eyeing a deal involving Italy's Serie A soccer league, the person said, without going into details. The Financial Times has reported CVC's interest in the Italian league, and said earlier this month that Blackstone Group Inc. was also in talks with Serie A.

Reuters reported last week that CVC was in exclusive talks with Serie A to invest as much as EUR2.2 billion in the league's broadcasting rights operations.

CVC acquired its stake in the Guinness PRO14 league from Celtic Rugby DAC in Dublin. Federazione Italiana Rugby also joined the Celtic Rugby league as part of this deal. The league also includes teams in Scotland, Wales and South Africa.

Early last year, CVC acquired a minority stake in England's Premier Rugby Ltd., which manages Premiership Rugby, the country's top league in the sport. The investment was also made through CVC's seventh flagship buyout fund.

The firm's previous investments in pro sports enterprises also have included the Formula One auto and MotoGP motorcycle racing circuits.

Write to Ted Bunker at ted.bunker@wsj.com

 

(END) Dow Jones Newswires

May 22, 2020 14:54 ET (18:54 GMT)

22:1322-05-2020
G7 Political, Economic Calendar - Week Ahead
All dates are in Eastern Time. 
 
Saturday, May 23, 2020                                         Exp        Prev 
 ET 
N/A   UK            1st anniversary of EU elections held in the UK 
 
Sunday, May 24, 2020                                           Exp        Prev 
 ET 
N/A   UK            1st anniversary of Theresa May's resignation 
 
Monday, May 25, 2020                                           Exp        Prev 
 ET 
0100  JPN  Mar      Indexes of Business Conditions - Revision 
0200  GER  Q1       GDP - Detailed breakdown 
                       GDP-Adj, Q/Q%                           -2.2%      +0.0% 
                       GDP-Adj, Y/Y%                           -2.3%      +0.4% 
0400  GER  May      Ifo Business Climate Index 
                       Business Expectations Idx               73.0       69.4 
                       Business Sentiment Idx                  76.8       74.3 
                       Current Conditions Idx                  79.2       79.5 
1330  CAN           Bank of Canada Governor Stephen Poloz delivers the University of Alberta's Eric J. Hanson Memorial Lecture via videoconference 
1950  JPN  Apr      Services Producer Price Index 
N/A   UK            Channel Island: Spring Bank Holiday. Financial markets closed 
N/A   US            U.S.: Memorial Day. Financial markets closed 
N/A   US            U.S: Jefferson Davis' Birthday holiday in Mississippi 
N/A   JPN  May      Monthly Economic Report 
N/A   FRA           POSTPONED: OECD Forum 
N/A   UK            UK: Spring Bank Holiday. Financial markets closed 
 
Tuesday, May 26, 2020                                          Exp        Prev 
 ET 
0030  JPN  Mar      All Industry Index 
0200  GER  Jun      GfK consumer climate survey 
                       Consumer Conf Idx                       -18.0      -23.4 
0200  JPN  Apr      Revised Machine Tool Orders 
0200  EU   Apr      New Commercial Vehicle Registrations in Europe statistics 
                    (EU27 + EFTA3) 
0500  UK            CBI Daily Coronavirus Webinar with Bank of England Chief 
                    Economist Andy Haldane 
0600  UK   May      CBI Distributive Trades Survey 
0600  FRA  Q1       OECD Quarterly National Accounts: GDP growth 
0830  US   Apr      CFNAI Chicago Fed National Activity Index 
                       NAI                                                -4.19 
                       NAI, 3-mo Moving Avg                               -1.47 
0830  CAN  Q1       POSTPONED: Quarterly financial statistics for enterprises 
0900  EU            ECB Financial Stability Review 
0900  US   Q1       U.S. Quarterly House Price Index 
0900  US   Mar      U.S. Monthly House Price Index 
0900  US   Mar      S&P CoreLogic Case-Shiller Indices 
                       10-City Idx, M/M%                                  +0.4% 
                       10-City Idx, Y/Y%                                  +2.9% 
                       20-City Idx, M/M%                                  +0.5% 
                       20-City Idx, Y/Y%                                  +3.5% 
                       National Idx, M/M%                                 +0.4% 
                       National Idx, Y/Y%                                 +4.2% 
1000  US   May      Consumer Confidence Index 
                       Cons Conf Idx                           82.3       86.9 
                       Expectation Idx                                    93.8 
                       Present Situation Idx                              76.4 
1000  US   Apr      New Residential Sales 
                       New Home Sales                          490K       627K 
                       New Home Sales, M/M%                    -21.9%     -15.4% 
                       New Home Sales Months Supply                       6.4 
1030  US   May      Texas Manufacturing Outlook Survey 
                       Business Activity                                  -73.7 
                       Mfg Production Idx                                 -55.3 
1300  US            FRB Minneapolis President Neel Kashkari participates in 
                    'Living in a COVID-19 World' virtual discussion 
1700  CAN           Bank of Canada Governor Stephen Poloz appears by 
                    videoconference before the Standing Senate Committee on 
                    National Finance 
N/A   FRA           POSTPONED: OECD Forum concludes 
 
Wednesday, May 27, 2020                                        Exp        Prev 
 ET 
0130  FRA  May      Monthly business survey (goods-producing industries) 
                       Business Sent Idx                       86         82 
0130  FRA  May      Consumer confidence survey 
                       Consumer Conf Idx                       92         95 
0430  EU            ECB Vice-President Luis de Guindos speaks at virtual event 
                    organised by Camara de Comercio de Espana 
0700  US   05/22    MBA Weekly Mortgage Applications Survey 
                       Composite Idx                                      727.1 
                       Composite Idx, W/W%                                -2.6% 
                       Purchase Idx-SA                                    258.9 
                       Purchase Idx-SA, W/W%                              +6.4% 
                       Refinance Idx                                      3474.1 
                       Refinance Idx, W/W%                                -6.3% 
0745  US   05/23    The Retail Economist/Goldman Sachs Weekly Chain Store Sales 
                    Index 
                       Chain Store Sales, W/W%                            +1.3% 
                       Chain Store Sales, M/M%                            -16.6% 
0830  CAN  Apr      Building permits 
                       Building Permits, M/M%                             -13.2% 
0855  US   05/23    Johnson Redbook Retail Sales Index 
                       Ret Sales Mo-to-Date, M/M%                         -2.6% 
                       Ret Sales Mo-to-Date, Y/Y%                         -8.5% 
                       Latest Wk, Y/Y%                                    -9.5% 
0900  FRA           OECD Blockchain in the coronavirus crisis - Supporting 
                    responses, building resilience webinar 
0900  US            SEC Asset Management Advisory Committee Meeting, held virtually 
1000  US   May      Richmond Fed Business Activity Survey 
                       Mfg Idx                                            -53 
                       Shipments Idx                                      -70 
1230  US            FRB St. Louis President James Bullard speaks at C.D. Howe 
                    Institute WebEx 
1400  US            U.S. Federal Reserve Beige Book 
1400  US            SEC Closed Meeting 
1630  US   05/22    API Weekly Statistical Bulletin 
                       Crude Stocks, Net Chg (Bbls)                       -4.8M 
                       Gasoline Stocks, Net Chg (Bbls)                    -0.7M 
                       Distillate Stocks, Net Chg (Bbls)                  +5.1M 
1901  UK            CBI Service Sector Survey 
1901  UK   May      REC JobsOutlook survey 
1950  JPN  May      Provisional Trade Statistics for 1st 10 days of Month 
2030  JPN  Apr      Detailed Import & Export Statistics 
N/A   US            FRB New York President John Williams meets Long Island govt, 
                    business and nonprofit leaders 
N/A   US   Annual   Industrial Production and Capacity Utilization annual revision 
N/A   FRA           POSTPONED: OECD Ministerial Council Meeting opens * Postponed 
                    due to the coronavirus (COVID-19) pandemic 
N/A   UK   Apr      Zoopla UK Cities House Price Index 
 
Thursday, May 28, 2020                                         Exp        Prev 
 ET 
0300  GER  May      Saxony CPI 
                       CPI, M/M%                                          +0.4% 
                       CPI, Y/Y%                                          +1.1% 
0400  GER  May      Bavaria CPI 
                       CPI, M/M%                                          +0.5% 
                       CPI, Y/Y%                                          +0.9% 
0400  ITA  May      Consumer Confidence Survey 
0400  ITA  May      Business Confidence Survey 
0400  GER  May      Brandenburg CPI 
                       CPI, M/M%                                          +0.6% 
                       CPI, Y/Y%                                          +1.2% 
0400  GER  May      Hesse CPI 
                       CPI, M/M%                                          +0.5% 
                       CPI, Y/Y%                                          +0.8% 
0430  GER  May      North Rhine Westphalia CPI 
                       CPI, M/M%                                          +0.3% 
                       CPI, Y/Y%                                          +0.8% 
0500  EU   May      Business & Consumer Surveys - Business Climate Indicator & 
                    Economic Sentiment Indicator 
                       Business Climate Idx 
                       Consumer Conf Idx                       -18.8      -22.7 
                       Econ Sent Idx                           70.0       67.0 
                       Indus Conf Idx                          -27.0      -30.4 
                       Services Conf Idx                                  -35.0 
0500  ITA  Apr      Foreign Trade non-EU 
0600  ITA  Apr      PPI 
0600  FRA  Q1       OECD trade statistics release 
0800  GER  May      Provisional CPI 
                       CPI, M/M%                               -0.1%      +0.3% 
                       Overall Index, Y/Y%                     +0.6%      +0.8% 
                       EU-Harmonized, M/M%                     -0.2%      +0.4% 
                       EU-Harmonized CPI, Y/Y%                 +0.4%      +0.8% 
0830  CAN  Q1       Balance of Payments 
                       Current Account (CAD)                              -8.757B 
0830  CAN  Mar      Payroll employment, earnings & hours 
0830  US   Q1       Preliminary Corporate Profits 
0830  US   Q1       2nd estimate GDP 

(MORE TO FOLLOW) Dow Jones Newswires

May 22, 2020 16:13 ET (20:13 GMT)

22:1222-05-2020
G7 Political, Economic Calendar - Week Ahead
All dates are in GMT. 
 
Saturday, May 23, 2020                                         Exp        Prev 
 GMT 
N/A   UK            1st anniversary of EU elections held in the UK 
 
Sunday, May 24, 2020                                           Exp        Prev 
 GMT 
N/A   UK            1st anniversary of Theresa May's resignation 
 
Monday, May 25, 2020                                           Exp        Prev 
 GMT 
0500  JPN  Mar      Indexes of Business Conditions - Revision 
0600  GER  Q1       GDP - Detailed breakdown 
                       GDP-Adj, Q/Q%                           -2.2%      +0.0% 
                       GDP-Adj, Y/Y%                           -2.3%      +0.4% 
0800  GER  May      Ifo Business Climate Index 
                       Business Expectations Idx               73.0       69.4 
                       Business Sentiment Idx                  76.8       74.3 
                       Current Conditions Idx                  79.2       79.5 
1730  CAN           Bank of Canada Governor Stephen Poloz delivers the University of Alberta's Eric J. Hanson Memorial Lecture via videoconference 
2350  JPN  Apr      Services Producer Price Index 
N/A   UK            Channel Island: Spring Bank Holiday. Financial markets closed 
N/A   US            U.S.: Memorial Day. Financial markets closed 
N/A   US            U.S: Jefferson Davis' Birthday holiday in Mississippi 
N/A   JPN  May      Monthly Economic Report 
N/A   FRA           POSTPONED: OECD Forum 
N/A   UK            UK: Spring Bank Holiday. Financial markets closed 
 
Tuesday, May 26, 2020                                          Exp        Prev 
 GMT 
0430  JPN  Mar      All Industry Index 
0600  JPN  Apr      Revised Machine Tool Orders 
0600  EU   Apr      New Commercial Vehicle Registrations in Europe statistics 
                    (EU27 + EFTA3) 
0600  GER  Jun      GfK consumer climate survey 
                       Consumer Conf Idx                       -18.0      -23.4 
0900  UK            CBI Daily Coronavirus Webinar with Bank of England Chief 
                    Economist Andy Haldane 
1000  UK   May      CBI Distributive Trades Survey 
1000  FRA  Q1       OECD Quarterly National Accounts: GDP growth 
1230  US   Apr      CFNAI Chicago Fed National Activity Index 
                       NAI                                                -4.19 
                       NAI, 3-mo Moving Avg                               -1.47 
1230  CAN  Q1       POSTPONED: Quarterly financial statistics for enterprises 
1300  EU            ECB Financial Stability Review 
1300  US   Q1       U.S. Quarterly House Price Index 
1300  US   Mar      U.S. Monthly House Price Index 
1300  US   Mar      S&P CoreLogic Case-Shiller Indices 
                       10-City Idx, M/M%                                  +0.4% 
                       10-City Idx, Y/Y%                                  +2.9% 
                       20-City Idx, M/M%                                  +0.5% 
                       20-City Idx, Y/Y%                                  +3.5% 
                       National Idx, M/M%                                 +0.4% 
                       National Idx, Y/Y%                                 +4.2% 
1400  US   May      Consumer Confidence Index 
                       Cons Conf Idx                           82.3       86.9 
                       Expectation Idx                                    93.8 
                       Present Situation Idx                              76.4 
1400  US   Apr      New Residential Sales 
                       New Home Sales                          490K       627K 
                       New Home Sales, M/M%                    -21.9%     -15.4% 
                       New Home Sales Months Supply                       6.4 
1430  US   May      Texas Manufacturing Outlook Survey 
                       Business Activity                                  -73.7 
                       Mfg Production Idx                                 -55.3 
1700  US            FRB Minneapolis President Neel Kashkari participates in 
                    'Living in a COVID-19 World' virtual discussion 
2100  CAN           Bank of Canada Governor Stephen Poloz appears by 
                    videoconference before the Standing Senate Committee on 
                    National Finance 
N/A   FRA           POSTPONED: OECD Forum concludes 
 
Wednesday, May 27, 2020                                        Exp        Prev 
 GMT 
0530  FRA  May      Monthly business survey (goods-producing industries) 
                       Business Sent Idx                       86         82 
0530  FRA  May      Consumer confidence survey 
                       Consumer Conf Idx                       92         95 
0830  EU            ECB Vice-President Luis de Guindos speaks at virtual event 
                    organised by Camara de Comercio de Espana 
1100  US   05/22    MBA Weekly Mortgage Applications Survey 
                       Composite Idx                                      727.1 
                       Composite Idx, W/W%                                -2.6% 
                       Purchase Idx-SA                                    258.9 
                       Purchase Idx-SA, W/W%                              +6.4% 
                       Refinance Idx                                      3474.1 
                       Refinance Idx, W/W%                                -6.3% 
1145  US   05/23    The Retail Economist/Goldman Sachs Weekly Chain Store Sales 
                    Index 
                       Chain Store Sales, W/W%                            +1.3% 
                       Chain Store Sales, M/M%                            -16.6% 
1230  CAN  Apr      Building permits 
                       Building Permits, M/M%                             -13.2% 
1255  US   05/23    Johnson Redbook Retail Sales Index 
                       Ret Sales Mo-to-Date, M/M%                         -2.6% 
                       Ret Sales Mo-to-Date, Y/Y%                         -8.5% 
                       Latest Wk, Y/Y%                                    -9.5% 
1300  FRA           OECD Blockchain in the coronavirus crisis - Supporting 
                    responses, building resilience webinar 
1300  US            SEC Asset Management Advisory Committee Meeting, held virtually 
1400  US   May      Richmond Fed Business Activity Survey 
                       Mfg Idx                                            -53 
                       Shipments Idx                                      -70 
1630  US            FRB St. Louis President James Bullard speaks at C.D. Howe 
                    Institute WebEx 
1800  US            U.S. Federal Reserve Beige Book 
1800  US            SEC Closed Meeting 
2030  US   05/22    API Weekly Statistical Bulletin 
                       Crude Stocks, Net Chg (Bbls)                       -4.8M 
                       Gasoline Stocks, Net Chg (Bbls)                    -0.7M 
                       Distillate Stocks, Net Chg (Bbls)                  +5.1M 
2301  UK   May      REC JobsOutlook survey 
2301  UK            CBI Service Sector Survey 
2350  JPN  May      Provisional Trade Statistics for 1st 10 days of Month 
N/A   US            FRB New York President John Williams meets Long Island govt, 
                    business and nonprofit leaders 
N/A   US   Annual   Industrial Production and Capacity Utilization annual revision 
N/A   FRA           POSTPONED: OECD Ministerial Council Meeting opens * Postponed 
                    due to the coronavirus (COVID-19) pandemic 
N/A   UK   Apr      Zoopla UK Cities House Price Index 
 
Thursday, May 28, 2020                                         Exp        Prev 
 GMT 
0030  JPN  Apr      Detailed Import & Export Statistics 
0700  GER  May      Saxony CPI 
                       CPI, M/M%                                          +0.4% 
                       CPI, Y/Y%                                          +1.1% 
0800  GER  May      Bavaria CPI 
                       CPI, M/M%                                          +0.5% 
                       CPI, Y/Y%                                          +0.9% 
0800  ITA  May      Consumer Confidence Survey 
0800  ITA  May      Business Confidence Survey 
0800  GER  May      Brandenburg CPI 
                       CPI, M/M%                                          +0.6% 
                       CPI, Y/Y%                                          +1.2% 
0800  GER  May      Hesse CPI 
                       CPI, M/M%                                          +0.5% 
                       CPI, Y/Y%                                          +0.8% 
0830  GER  May      North Rhine Westphalia CPI 
                       CPI, M/M%                                          +0.3% 
                       CPI, Y/Y%                                          +0.8% 
0900  ITA  Apr      Foreign Trade non-EU 
0900  EU   May      Business & Consumer Surveys - Business Climate Indicator & 
                    Economic Sentiment Indicator 
                       Business Climate Idx 
                       Consumer Conf Idx                       -18.8      -22.7 
                       Econ Sent Idx                           70.0       67.0 
                       Indus Conf Idx                          -27.0      -30.4 
                       Services Conf Idx                                  -35.0 
1000  ITA  Apr      PPI 
1000  FRA  Q1       OECD trade statistics release 
1200  GER  May      Provisional CPI 
                       CPI, M/M%                               -0.1%      +0.3% 
                       Overall Index, Y/Y%                     +0.6%      +0.8% 
                       EU-Harmonized, M/M%                     -0.2%      +0.4% 
                       EU-Harmonized CPI, Y/Y%                 +0.4%      +0.8% 
1230  CAN  Q1       Balance of Payments 
                       Current Account (CAD)                              -8.757B 
1230  CAN  Mar      Payroll employment, earnings & hours 
1230  US   Q1       Preliminary Corporate Profits 
1230  US   Q1       2nd estimate GDP 

(MORE TO FOLLOW) Dow Jones Newswires

May 22, 2020 16:12 ET (20:12 GMT)

16:4625-05-2020
Europe's Banking System Can Weather Crisis, But Some Will Face Trouble -EBA
 

By Patricia Kowsmann

 

Europe's banks have built enough buffers to face the effects of the coronavirus pandemic, but not all will be able to weather a sharp fall in profitability as loans turn sour and the cost of raising funds rise, a banking regulator said Monday.

In its first assessment of the effects of the coronavirus in the sector, the Paris-based European Banking Authority said banks have much more capital set aside to absorb losses than they did ahead of the financial crisis. But they are also more exposed to small-to-medium sized companies and consumer credit, two areas that provide higher margins in a low-interest rate environment but that are now hard-hit by the virus outbreak.

EBA said, based on a sensitive analysis of 117 banks in the European Union, the effect of credit risk losses on their key capital-buffer ratio--known as CET1--could be up to a combined 315 billion euros ($343 billion). Still, banks would hold, on average, a capital buffer of about 1.1 percentage points above the overall capital requirement.

"There could be weaker banks, including those that entered the crisis with existing idiosyncratic problems or those heavily exposed to the sectors more affected by the crisis, and whose capital ratios might not suffice to weather the upcoming challenges," it warned.

EBA's head, Jose Manuel Campa, told Reuters earlier Monday that Europe should consider a common approach to help banks that will face difficulties, possibly in the form of a TARP-style precautionary recapitalization. TARP, or Troubled Asset Relief Program, was used by the U.S. in 2008 to inject money into banks.

A EBA spokeswoman said the regulator would like to see a coordinated European approach in matters ranging from state-guarantee on loans to the potential use of any recapitalization mechanism. Any talks about supporting banks now "is hypothetical and not needed," she added.

EBA said its analysis on the banks, which is preliminary, didn't consider the effect from market- or revenue-related risks. Its credit-risk losses calculation also doesn't take into consideration the beneficial effects of public guarantees on loans, which lower the credit risk for banks.

Overall, European banks didn't report a sharp deterioration in their businesses during the first quarter. But EBA and other regulators said the picture will change from the second quarter.

Lenders, particularly in Southern Europe, were in the midst of cleaning up credit that turned bad in the previous decade's crisis when the coronavirus came. In Italy, they still account for about 7% of total loans. In Greece, they are above 35%, according to the latest European Central Bank figures.

 

Write to Patricia Kowsmann at patricia.kowsmann@wsj.com

 

(END) Dow Jones Newswires

May 25, 2020 10:46 ET (14:46 GMT)

18:0522-05-2020
Milan Most Actives
 
                                     Volume        Close       Change     % Change 
 
  Intesa Sanpaolo               135,940,470        1.445       +0.023        +1.59 
  Telecom Italia                124,999,114        0.321       +0.001        +0.22 
  UniCredit                      37,894,149        6.730       +0.280        +4.34 
  Tiscali                        33,661,005        0.010         unch         unch 
  Banco BPM                      30,240,231        1.051       +0.008        +0.77 
  Enel                           25,660,626        6.410       +0.080        +1.26 
  Telecom Italia RNC             21,745,614        0.335       +0.000        +0.03 
  Risanamento                    21,449,885        0.065       +0.004        +5.65 
  Credito Valtellinese           20,441,203        0.041         unch         unch 
  ENI                            17,312,764        8.174       -0.048        -0.58 
  Fiat Chrysler Automobiles      12,746,150        7.416       +0.077        +1.05 
  Saipem                          9,615,272        2.120       -0.026        -1.21 
  Snam                            8,136,520        4.018       +0.034        +0.85 
  A2A                             7,729,979        1.175       +0.003        +0.26 
  Assicurazioni Generali          7,368,500       12.175       +0.280        +2.35 
  Juventus Football Club          7,205,032        0.861       +0.011        +1.32 
  Fincantieri                     6,343,128        0.633       +0.008        +1.36 
  BPER Banca                      6,171,146        1.864       +0.002        +0.08 
  Saras                           5,770,007        0.700       -0.005        -0.64 
  Mondo TV France                 5,746,000        0.044       +0.001        +3.32 
  TERNA                           5,382,724        5.690       +0.098        +1.75 
  Unione di Banche Italiane       5,266,386        2.435       +0.059        +2.48 
  Mediobanca                      5,259,293        5.172       +0.102        +2.01 
  UnipolSAI Assicurazioni         4,791,110        1.951       +0.029        +1.51 
  CNH Industrial                  4,623,948        5.018       -0.034        -0.67 
  Unipol Gruppo                   4,114,340        3.124       +0.070        +2.29 
  Leonardo                        3,896,866        5.182       -0.064        -1.22 
  D'Amico Intl Shipping           3,764,666        0.097       -0.004        -3.88 
  Nexi                            3,640,742       15.345       +0.545        +3.68 
  Poste Italiane                  3,544,334        7.442       +0.072        +0.98 
  Tenaris                         3,267,252        5.548       -0.016        -0.29 
  Mediaset                        3,047,067        1.468       +0.048        +3.38 
  FinecoBank                      2,882,778       10.165       +0.269        +2.72 
  OVS                             2,698,599        0.688       -0.009        -1.29 
  Trevi-Finanziaria Ind           2,575,465        0.010       +0.000        +2.97 
  Anima Holding                   2,558,961        3.322       -0.058        -1.72 
  Piaggio & C.                    2,523,757        2.090       +0.090        +4.50 
  Pirelli                         2,509,281        3.577       -0.012        -0.33 
  Monte dei Paschi di Siena       2,399,389        1.024       +0.010        +0.99 
  Hera                            2,309,714        3.218       +0.020        +0.63 
  STMicroelectronics              2,212,548       21.930       +0.050        +0.23 
  Banca Mediolanum                1,906,318        5.700       +0.005        +0.09 
  Iren SpA                        1,871,321        2.170       +0.010        +0.46 
  Davide Campari-Milano           1,827,215        6.900       +0.136        +2.01 
  Prysmian                        1,781,240       18.800       +0.635        +3.50 
  ENAV                            1,758,990        4.158       +0.086        +2.11 
  Mondo TV                        1,618,220        2.030       +0.204       +11.17 
  Webuild                         1,582,972        1.228       +0.041        +3.45 
  Italgas                         1,536,527        4.776       +0.066        +1.40 
  Azimut Holding                  1,533,423       14.335       +0.170        +1.20 
 
Prices in Euros 
Source: FactSet 
 

(END) Dow Jones Newswires

May 22, 2020 12:05 ET (16:05 GMT)

16:3122-05-2020
Eurozone Economic Data Releases Next Week
 

By Dow Jones Newswires Staff

 

Eurozone investors will look to the following data releases next week.

                                                                      # of 
Date     GMT   CET   Indicator               Period     Forecast     Analysts    Previous 
May 25   0600  0800  GER GDP final SA QQ     1Q         -2.2%          11        -0.1% 
May 25   0600  0800  GER GDP final WDA YY    1Q         -2.3%           7        +0.4% 
May 25   0800  1000  GER Ifo Bus climate     May        76.8           15        74.3 
May 25   0800  1000  GER Ifo Current sit     May        79.2           11        79.5 
May 25   0800  1000  GER Ifo Bus expect      May        73.0           11        69.4 
May 25   1300  1500  BEL Business climate    May        N/A           N/A       -36.1 
May 26   0600  0800  GER GfK Cons climate    June      -18.0            9       -23.4 
May 26   0645  0845  FRA Bus survey          May        86              6        82 
May 27   0645  0845  FRA Cons confidence     May        92              5        95 
May 28   0600  0800  SWI trade balance       April      N/A           N/A        +3,157 BCHF 
May 28   0700  0900  SPA HCPI YY             May        -0.8%           5        -0.7% 
May 28   0900  1100  EMU Econ sentiment      May        70.0           12        67.0 
May 28   0900  1100  EMU Indust confidence   May       -27.0            7       -30.4 
May 28   0900  1100  EMU Cons confidence     May       -18.8            5       -22.0 
May 28   1200  1400  GER CPI prel MM         May        -0.1%           9        +0.4% 
May 28   1200  1400  GER CPI prel YY         May        +0.6%          12        +0.9% 
May 28   1200  1400  GER HCPI prel MM        May        -0.2%           8        +0.4% 
May 28   1200  1400  GER HCPI prel YY        May        +0.4%           8        +0.8% 
May 29   0600  0800  GER Retail sales MM     April      -12.0%          6        -4.0% 
May 29   0600  0800  GER Import prices MM    April      -1.4%           3        -3.5% 
May 29   0600  0800  GER Import prices YY    April      -7.1%           3        -5.5% 
May 29   0645  0845  FRA CPI prel MM         May        +0.1%           5         0.0% 
May 29   0645  0845  FRA CPI prel YY         May        +0.3%           7        +0.3% 
May 29   0645  0845  FRA HCPI prel MM        May        +0.1%           4         0.0% 
May 29   0645  0845  FRA HCPI prel YY        May        +0.3%           6        +0.4% 
May 29   0645  0845  FRA Household cons MM   Apr       -19.0%           4       -17.9% 
May 29   0645  0845  FRA Household cons YY   April      N/A           N/A       -18.1% 
May 29   0800  1000  EMU M3 money supply YY  April      +7.7%           9        +7.5% 
May 29   0800  1000  EMU M3 3M average YY    April      N/A           N/A        +6.0% 
May 29   0900  1100  EMU HCPI prel MM        May        -0.1%           6        +0.3% 
May 29   0900  1100  EMU HCPI prel YY        May        +0.1%          12        +0.3% 
May 29   0900  1100  EMU Core CPI prel MM    May        +0.1%           3        +0.7% 
May 29   0900  1100  EMU Core CPI prel YY    May        +0.9%           8        +0.9% 
May 29   0900  1100  ITA CPI prel MM         May        -0.1%           3        +0.1% 
May 29   0900  1100  ITA CPI prel YY         May         0.0%           4         0.0% 
 

p = preliminary

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 22, 2020 10:31 ET (14:31 GMT)

20:0622-05-2020
Dynamic Visions of the Future
By J.S. Marcus 

European modernism underwent a growth spurt in the years just before World War I thanks to a group of Italian artists known as the Futurists, who found inspiration in fast cars, airplanes and the restlessness of cities. The Futurists turned out swirling, shard-filled paintings and apparently windblown sculptures that suggested ceaseless motion, turning dynamism into a hallmark of early 20th-century art.

Decades later, Futurism found a disciple in the British architect Norman Foster, whose sleek, often streamlined buildings are informed by what he calls the "sensuous quality" of Futurist art. Mr. Foster, 84, won the Pritzker Prize, architecture's highest honor, in 1999, thanks to works like his Willis Building (1975) -- a black wraparound structure northeast of London that seems to billow within its narrow site. His firm, Foster + Partners, went on to alter city skylines on several continents with office buildings such as London's 30 St. Mary Axe, whose soaring pickle shape has earned it the nickname "the Gherkin."

The 41-story building, completed in 2004, may be more aeronautical than vegetal, suggests Mr. Foster. "It's very curvilinear," he said recently, speaking by videoconference from St. Moritz, Switzerland, where he has been sheltering during the pandemic. "The air moves over the surface like an airplane wing." So does the eye, which shoots up, over and around, in a way that recalls Futurist sculpture.

Mr. Foster is especially drawn to "Unique Forms of Continuity in Space," a 1913 sculpture by Umberto Boccioni, whose faceless figure in motion seems to be caught in a wind tunnel. It has "an incredible kind of presence for me," says Mr. Foster, who encountered a bronze copy of "Unique Forms" in New York's Museum of Modern Art in the late 1950s, when he learned about Futurism while studying architecture at Yale. Mr. Foster and his family own a bronze version of the work made in the 1970s, which is on display at the Norman Foster Foundation, a gallery and event venue in Madrid. The original 1913 version, now in a Brazilian museum, is made of plaster.

Last year, "Unique Forms" made a loud splash in the art world when another bronze copy sold for $16.2 million at an auction at Christie's in New York, more than three times its high-end estimate. The work's long and complicated afterlife is a subject of research by art historian Rosalind McKever, a curator at London's Victoria and Albert Museum. Ms. McKever says that the many copies of the sculpture, some made from the plaster original and some cast from other bronze copies, may betray the artist's intentions. "There is no evidence that Boccioni intended to cast in bronze," she says, adding that the plaster original has a feeling of "ephemerality" and heightened movement that you don't get from "the more solid bronze" versions.

Scholars now distinguish the first phase of Futurism, which wound down during World War I and is sometimes called "heroic," and a second phase that flourished under Italy's Fascist regime. In the 1930s, a younger generation of Futurist artists undertook government commissions such as post office murals, and embraced airplane imagery at a time when Italy was pioneering aerial bombing in its wars against Ethiopia. Vivien Greene, a curator at New York's Guggenheim Museum, says "Futurism ended up being a right-wing avant-garde."

Tullio Crali, a second-generation Futurist, is another artist who interests Mr. Foster. One of his favorite Crali works is "The Forces of the Bend" (1930), which uses bulbous red shapes to suggest the path of a speeding car. The painting is included in "Tullio Crali: A Futurist Life, " an exhibition that opened in January at London's Estorick Collection of Modern Italian Art. Currently closed because of the pandemic, the museum expects to reopen later this year. Meanwhile, it is offering online video introductions to Crali's work, including one devoted to "The Forces of the Bend."

Thinking about our own future, Mr. Foster expects the current crisis to "expedite things that were going to happen anyway," such as elevators that use facial recognition to send you to the right floor, instead of touchable buttons. Like the young Italians of a century ago, he has a hopeful take on technology, noting that it has allowed him to continue working on projects around the world while in Alpine isolation. "I am totally impressed by the way we compensate with screens and telephones," he says, adding: "I'm an optimist."

 

(END) Dow Jones Newswires

May 22, 2020 14:06 ET (18:06 GMT)

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