Milan shares AFX at a glance outlook

Milan shares AFX at a glance outlook

	Published : Mon, 12 Feb 2007 08:49 By : Agencies Print this Story

MILAN (AFX) - Share prices are expected to open lower in the wake of Friday's losses on US markets, dealers said.

On Friday, the Mibtel index closed 0.66 pct higher at 33,012 and the S&P/Mib gained 0.60 pct to 42,744.

Volume was an estimated 4.538 bln eur.

FORTHCOMING EVENTS

Today

-Italy's Omnia Network press conference on IPO (12.45 pm)

-Mittel board meeting to discuss merger with Hopa, Fingruppo

TODAY'S PRESS

-Telefonica purchase of stake in Telecom Italia negatively viewed by govt (La Repubblica)

-Telecom Italia studying sale of stake in network to private investors (Il Corriere della Sera)

-Italy's RAI asks Cisco to build set-top box for digital, internet TV (La Repubblica)

WEEKEND PRESS

-Fastweb to refinance 1.6 bln eur of debt (Il Sole 24 Ore, Saturday)

-Capitalia chairman mulls merger with Mediobanca (La Repubblica, Saturday)

-Axa says Capitalia stake is financial investment (Il Sole 24 Ore, Saturday)

-Fiat CEO says European market share above 8 pct in Jan (La Repubblica, Sunday)

COMPANY NEWS

-Pirelli confirms talks with Telefonica, others for Telecom Italia stake

-Italy govt proposes Berardino Libonati as Alitalia chairman at Feb 22 EGM

-BNP unit BNL FY net drops to 44 mln eur from 532 mln on restructuring

-Autostrade postpones FY results to March 28 to change by-laws

-Lottomatica Jan Lotto receipts 533.7 mln eur vs 653.4 mln yr earlier

-Italy's Omnia Network valued at up to 129.6 mln eur in IPO

MACROECONOMIC/POLITICS/MISCELLANEOUS

-Italy marine paint cartel fined 4.37 mln eur including Akzo Nobel 1.08 mln

-Italy, UK, Canada, others commit 1.5 bln usd for purchasing vaccines for poor

-Italy's Jan industrial output seen down 0.7 pct vs Dec - ISAE

-Italy adj Dec industrial output up 2 pct vs Nov

MARKET NEWS, SENTIMENT

-Mediolanum upgraded to 'buy' vs 'hold' at Deutsche Bank

philip.webster@thomson.com

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