Italy - Factors to watch on September 9
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
Italian Prime Minister Giorgia Meloni said on Saturday her government has not been weakened by a controversy over a consultancy role offered to the former lover of a minister who resigned after a tearful televised apology to his wife.
Meloni also pledged unwavering support for Ukraine after a meeting with President Volodymyr Zelenskiy on Saturday, in which they discussed Kyiv's plans to end the war with Russia and reconstruction efforts.
ECONOMY
Italy plans to confirm its current 1% economic growth estimate for this year in its medium-term structural budget plan to be presented to the European Commission by Sept. 20, Economy Ministry Undersecretary Federico Freni said on Saturday.
Italy sees its economy expanding by at least 1.2% in 2025, Freni told Reuters on Sunday. Italian daily Il Sole 24 Ore reported on Sunday Rome would set a 2025 GDP growth target of 1.3% or 1.4% when factoring in the expansionary impact of planned tax cuts and higher spending.
DEBT
There is no reason for Italy to change its plans to tap retail investors with dedicated government bond issuance next year, Treasury junior minister Federico Freni said on Saturday.
The Italian Treasury said on Friday it would sell 7.5 billion euros in BOT bills at auction on Sept. 11.
Treasury announces sale of BTP bonds, with relative amounts to be auctioned on Sept. 12.
COMPANIES
AUTOMOTIVE SECTOR
The European Union should bring forward to nextyear planned review of regulation that bans the sale of new petrol and diesel cars in the 27-nation bloc from 2035, Italy's Industry Minister Adolfo Urso said on Saturday.
Energy Minister Gilberto Pichetto Fratin said at the same conference in northern Italy that the 2035 target date for the ban was is "absurd and needs to be revised."
ENERGY
Italy plans to draft, by early 2025, rules to allow the use of new nuclear power technologies, the Energy Minister Gilberto Pichetto Fratin said on Saturday, signalling a potential reversal of the country's current ban on nuclear power production.
Italy is working on the creation of a new company and on a partnership with a foreign industrial investor to build nuclear reactors in the country, Industry Minister Adolfo Urso said on Sunday.
UNICREDIT CRDI.MI
Italy's second largest bank is discussing with trade unions 1,000 voluntary layoffs, 320 of which have already been identified with the remaining 680 to be found by 2030, Italian newspapers reported on Saturday.
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Italy's Treasury will stick to the agreement with the EU on the sale of its stake in the Italian bank, but not in a hurry, Economy Ministry Undersecretary Federico Freni said on Saturday.
ENEL ENEI.MI
The Italian utility group is interested in studying new nuclear power technologies including small modular reactors, the head of the Italian utility's power grid division said on Saturday.
LEONARDO LDOF.MI
Defence spending should be deducted from the calculation of the public deficit, at least in a first stage, to allow European countries that also belong to NATO to increase their investment in the sector towards 2% of GDP, Leonardo Chairman Stefano Pontecorvo told Corriere della Sera on Saturday.
Collaboration with Rheinmetall on a new tank is progressing well, and Leonardo is open to further cooperation with other groups, Pontecorvo added.
STELLANTIS STLAM.MI
The Franco-Italian car maker said on Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system that can increase the risk of a crash.
EDISON EDNn.MI
The Italian utility plans to use proceeds of up to 630 million euros from the sale of its gas storage assets for M&A, its CEO said on Friday, adding the group was looking at potential deals both in Italy and abroad.
FERROVIE DELLO STATO (not listed)
The Italian railways operator will study whether to seek outside investors, including through a potential bourse listing, its newly appointed Chief Executive Stefano Donnarumma said on Saturday.
(*) AEFFE AEF.MI
The luxury fashion group has never planned to quit the Italian stock exchange, its COO Francesco Ferreti said in an interview with Corriere della Sera's weekly publication L'Economia on Monday.
DIARY
Milan, "Euronext Sustainability Week" opening event with Euronext ENX.PA Chairman and CEO Stephane Boujnah, Generali GASI.MI Chairman Andrea Sironi, state lender Cassa Depositi e Prestiti (CDP) Chairman Giovanni Gorno Tempini, Banco BPM BAMI.MI Chairman Massimo Tononi, Snam SRG.MI Chairwoman Monica de Virgiliis, Industrie De Nora DNR.MI CEO Paolo Dellacha, CEO EuroGroup Laminations EGLA.MI CEO Marco Arduini, Iren IREE.MI Chairman and Utilitalia Deputy Chairman Luca Dal Fabbro, Rahul Ghosh from Moody's Ratings (0800 GMT).
Florence, Leonardo CEO Roberto Cingolani attends 34th Congress of the International Council if the Aeronautical Sciences (ICAS) (0730 GMT)
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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