Italian stocks - Factors to watch on Oct 5 - Reuters

MILAN | Wed Oct 5, 2011 12:00am EDT

MILAN Oct 5 (Reuters) - The following factors could affect Italian markets on Wednesday.

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

MOODY'S DOWNGRADE

Moody's cut Italy's bond ratings by three notches late on Tuesday, saying it sees a "material increase" in funding conditions for euro zone countries with high levels of debt.

Moody's downgraded Italy's ratings to A2 from Aa2 and kept a negative outlook on the rating, signalling further downgrades are possible.

IMPREGILO

Salini Costruttori has bought 8.13 percent of top builder Impregilo, it said on Tuesday, adding the investment was strategic and aimed at creating an industrial alliance to better compete on international markets.

BANCA POPOLARE DI MILANO

The bank has denied press reports that a new Bank of Italy inspection was underway.

Private equity fund Investindustrial, which has bought a 2.7 percent stake in the Italian mid-tier lender and is mulling raising its stake to just under 10 percent, has the backing of the bank's controlling union shareholders.

TELECOM ITALIA

Standard & Poor's has cut its outlook on the telecoms operator to negative from stable and cut its short-term rating to A-3.

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices.....................................<0#.INDEX> Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:...............................