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Italy - Factors to watch on Oct 11

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The following factors could affect Italian markets on Thursday.

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

EURO ZONE

S&P's two-notch downgrade from BBB-plus brings it in linewith Moody's Investors Service's Baa3 rating. Moody's has Spainon review for a possible downgrade.

ITALIAN DEBT

The Treasury sells 2.75-3.75 billion euros of 3-year BTPsand 1.5-2.25 billion euros of three off-the-run BTPs.

TOBIN TAX

Italy's government expects to raise at least 1 billion eurosfrom the financial transaction Rome aims to introduce startingfrom the beginning of next year, daily Il Corriere della Serasaid on Thursday.

* Italy will pay slightly more than a month ago to borrowover three years at a bond auction on Thursday, a sign ofrenewed doubts over the euro zone's ability to end its debtcrisis due to Spain's dithering over aid.

UNIPOL , FONSAI

The Italian insurer has appealed to the Tar against theruling of Antitrust which had given its blessing to the mergerwith loss-making peer Fondiaria-Sai conditional to a sale ofsome Unipol assets, Repubblica said on Thursday.

* FINMECCANICA

Talks on a $45 billion merger between EADS and BAESystems collapsed after the governments of France,Germany and Britain failed to reach agreement over a deal tocreate the world's largest aerospace and arms group.

Siemens is still interested in buying 100 percent ofFinmeccanica's power engineering unit Ansaldo Energia, MFreported on Thursday. The German group would be ready to offer1.3 billion euros to buy the Italian company.

FIAT

Europe's car market will not really recover without EU-ledcoordination of capacity cuts, Fiat and Chrysler ChiefExecutive Sergio Marchionne said, in an apparent back-track oncomments he made at the Paris auto show last month.

UNICREDIT

Ferrari Chairman Luca Cordero di Montezemolo is set tobecome the vice chairman of UniCredit , Italy's biggestbank by assets said in a statement on Wednesday.

TELECOM ITALIA

Italy's largest telecoms group Telecom Italia saidon Wednesday it is selecting advisors to start assessing aspectsof a possible spin-off of its fixed-line access network. [ID:nL6E8LAL17]

IMPREGILO

Impregilo's Chief Executive Pietro Salini is beinginvestigated in connection with a probe into a motorway tenderin Romania, judicial sources said on Wednesday.

* ASTALDI

The Italian builder has won a contract worth 145 milioneuros in Rome, Mf reported on Thursday.

SEA

Milan airports operator SEA won on Wednesday shareholderapproval for its listing plans, paving the way for a debut onthe stock market by the end of the year.

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

For Italian market data and news, click on codes inbrackets:

20 biggest gainers (in percentage)............ 20 biggest losers (in percentage)............. FTSE IT allshare index FTSE Mib index........ FTSE Allstars index... FTSE Mid Cap index.... Block trades.......... Stories on Italy...... For pan-European market data and news, click on codes in

brackets:

European Equities speed guide...................

FTSEurofirst 300 index..............................

DJ STOXX index......................................

Top 10 STOXX sectors...........................

Top 10 EUROSTOXX sectors......................

Top 10 Eurofirst 300 sectors...................

Top 25 European pct gainers.......................

Top 25 European pct losers........................

Main stock markets:

Dow Jones............... Wall Street report .....

Nikkei 225............. Tokyo report............

FTSE 100............... London report...........

Xetra DAX............. Frankfurt market stories

CAC-40................. Paris market stories...

World Indices.....................................

Reuters survey of world bourse outlook.........

Western European IPO diary..........................

European Asset Allocation........................

Reuters News at a Glance: Equities...............

Main currency report:...............................

Keywords: ITALY FACTORS/