Italy - Factors to watch on Nov. 25
The following factors could affect Italian markets on Monday.
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
For a complete list of diary events in Italy please click on IT/DIA.
POLITICS
Italy's 5-Star Movement severed ties on Sunday with its co-founder, the comedian Beppe Grillo, a further step in turning what was once a radical protest movement into a more mainstream left-leaning force.
ECONOMY
Italy's high borrowing costs and weakening economic growth could reduce the profitability of its companies in the near future, especially those with a high debt load, the Bank of Italy said on Friday
DEBT
Credit ratings agency Moody's said on Friday it had completed its periodic review of Italy but did not announce any change to its rating of Baa3 with a stable outlook.
The Italian Treasury said on Friday it would sell 7.5 billion euros of 6-month BOT bills on Nov. 27.
On Monday the Treasury will announce the sale of BTP and CCTeu bonds, with relative amounts to be auctioned on Nov. 28.
COMPANIES
(*) UNICREDIT CRDI.MI, BANCO BPM BAMI.MI
The country's second-largest lender on Monday launched a surprise all-share offer worth 10 billion euros ($11 billion) for smaller domestic rival Banco BPM , while it also pursuing a potential deal with Germany's Commerzbank.
(*) UNICREDIT
German Finance Minister Joerg Kukies said on Sunday he did not expect UniCredit to go ahead with plans for a takeover of Germany's Commerzbank CBKG.DE due to the objections raised by the government in Berlin.
BANKS
The Bank of Italy on Friday setthe 2025 capital buffers for the seven lenders classed as "Other Systemically Important Institutions" (O-SIIs) in the country. The buffer was unchanged from 2024 for Intesa Sanpaolo ISP.MI, UniCredit CRDI.MI and Banco BPM BAMI.MI, while it doubled to 0.25% for BPER EMII.MI, Mediobanca MDBI.MI, ICCREA and BNL.
TENARIS TENR.MI
The steel pipe maker said on Friday it had crossed a 5% threshold of ownership of its own shares as part of its buyback programmes.
JUVENTUS JUVE.MI
AC Milan and Juventus played out a 0-0 draw in their Serie A meeting at the San Siro on Saturday.
(*) SS LAZIO LAZI.MI
Lazio secured a 3-0 homewin over 10-man Bologna on Sunday after the visitors' Tommaso Pobega was sent off just before the break.
CIR-COMPAGNIE INDUSTRIALI REIUNITE CIRI.MI
Starts voluntary partial takeover bid, ends on Dec. 13.
DOVALUE DOVA.MI
Starts capital increase; ends on Dec. 12.
LANDI RENZO LR.MI
Starts capital increase, ends on Dec. 9.
TALEA GROUP TALEA.MI
Starts capital increase, ends on Dec. 12.
VISIBILIA EDITORE VE.MI
Starts capital increase, ends on Dec. 9.
DIARY
Anagni and Fiuggi, G7 foreign ministers' meeting starts, chaired by Foreign Minister Antonio Tajani; ends on Nov. 26. Tajani delivers introductory remarks (1200 GMT).
Industry Minister Adolfo Urso and German Economy Minister Robert Habeck hold news conference at "German-Italian Ministerial Forum" in Berlin (1100 GMT).
Rome, Economy Minister Giancarlo Giorgetti addresses Parliamentary Committee for supervision of welfare institutes (1330 GMT).
Rome, Foreign Minister Antonio Tajani attends ISPI 10th edition "Mediterranean Dialogues" (to Nov. 27); on Monday holds a press point at 0745 GMT and gives speech at 0830 GMT.
Milan, Mediobanca MDBI.MI holds event "The defence era: capital and innovation in the current geopolitical cycle" (1000 GMT); Mediobanca CEO Alberto Nagel delivers welcome address; Defence Minister Guido Crosetto delivers introductory remarks via videoconference; Fincantieri FCT.MI CEO Pierroberto Folgiero attends.
For Italian market data and news, click on codes in
brackets:
20 biggest gainers (in percentage).............PG.MI
20 biggest losers (in percentage)..............PL.MI
FTSE IT allshare index .FTITLMS
FTSE Mib index........ .FTMIB
FTSE Allstars index... .FTSTAR
FTSE Mid Cap index.... .FTITMC
Block trades.......... .BLK.MI
Stories on Italy...... IT-LEN
For pan-European market data and news, click on codes in
brackets:
European Equities speed guide...................EUR/EQUITY
FTSEurofirst 300 index...............................FTEU3
DJ STOXX index.......................................STOXX
Top 10 STOXX sectors............................PGL.STOXXS
Top 10 EUROSTOXX sectors.......................PGL.STOXXES
Top 10 Eurofirst 300 sectors....................PGL.FTEU3S
Top 25 European pct gainers........................PG.PEUR
Top 25 European pct losers.........................PL.PEUR
Main stock markets:
Dow Jones................DJI Wall Street report ......N
Nikkei 225..............N225 Tokyo report.............T
FTSE 100................FTSE London report............L
Xetra DAX..............GDAXI Frankfurt market stories.F
CAC-40..................FCHI Paris market stories....PA
World Indices.....................................0#.INDEX
Reuters survey of world bourse outlook.........EQUITYPOLL1
Western European IPO diary..........................WEUIPO
European Asset Allocation........................EUR/ASSET
Reuters News at a Glance: Equities...............TOP/EQE
Main currency report:...............................FRX/
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