Italy - Factors to watch on March 4

Arnoldo Mondadori Editore

04/03/2025 05:00

The following factors could affect Italian markets on Tuesday.

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.

ECONOMY

Italy's economy grew by a listless 0.7% last year, below the government's official 1% forecast, but the budget deficit fell by more than expected as tax revenues jumped, data showed on Monday.

Italy posted a state sector budget deficit of 18.7 billion euros ($19.62 billion) in February compared to a shortfall of 16.15 billion euros in the same month last year, the Treasury said in a statement on Monday.

ISTAT releases January unemployment rate data (0900 GMT).

COMPANIES

UNICREDIT CRDI.MI, BANCO BPM BAMI.MI

The CEO of UniCredit, Andrea Orcel, met Prime Minister Giorgia Meloni's head of cabinet on Monday afternoon, according to sources with knowledge of the matter. Also on Monday afternoon, the government's technical committee due to review UniCredit's bid for Banco BPM under so-called "golden power" rules had its first meeting, the sources said.

(*) According to La Repubblica and MF newspapers, Orcel also had a meeting with Bank of Italy Governor Fabio Panetta.

(*) BANCO BPM BAMI.MI, ANIMA ANIM.MI

The Italian lender aims to launch its offer to buy the fund manager "from the second half of March", CEO Giuseppe Castagna told Il Sole 24 ore daily in an interview published on Tuesday.

Anima releases FY results (preliminary FY results released on Feb. 5).

(*) GENERALI GASI.MI

Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in the Italian insurer to 8%, MF newspaper reported on Tuesday, citing financial sources.

(*) LOTTOMATICA LTMC.MI

The Italian betting firm on Tuesday forecast an adjusted core profit (EBITDA) of 840 million to 870 million euros ($880.4 million to $911.9 million) for 2025, boosted by solid results across business segments and brands.

(*) FASHION

An acquisition of Versace by Italian luxury group Prada 1913.F would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit short-term profits.

Prada releases FY results (1300 GMT).

STELLANTIS STLAM.MI

Sales of new cars in Italy fell for the seventh month in a row in February dropping by 6.28% year-on-year, transport ministry data showed on Monday, and market leader Stellantis saw sales slide by 14.72%, according to Reuters calculations.

Shares in European automakers rose after the European Commission gave the bloc's automakers three years, rather than only one, to meet new CO2 emission targets for their cars and vans.

TELECOM ITALIA TLIT.MI

Top investor Vivendi VIV.PA has appealed against a court decision that threw out an earlier attempt by the French group to fight the sale of the phone group's landline network, two sources told Reuters on Mondayi.

LEONARDO LDOF.MI

The defense company's shares closed up 16.1% on Monday, after Reuters reported on the prospect of a major boost in military spending under Germany's next government, prompting a rally for Europe's defence stocks.

MAIRE MTCM.MI

Azzurra Capital on Monday bought a stake of around 8% in Maire's unit Nextchem for 110 million euros.

MONDADORI MOED.MI

The publisher increased on Monday its stake in Star Comics to 75.5% from 51%.

EDISON EDNn.MI, SNAM SRG.MI

The Italian utility completed on Monday the sale of its gas storage business to Snam, in a move that allowed it to cash in 565 million euros.

JUVENTUS JUVE.MI

The Turin club sits in fourth position in Serie A, six points behind leaders Inter, after Monday's 2-0 win at home against Verona.

CAMPARI GROUP CPRI.MI

Releases FY results, followed by conference call (1715 GMT).

INWIT INWT.MI

Releases FY results.

MAIRE MTCM.MI

Releases FY results, followed by 'Capital Markets Day' (1400 GMT).

DIARY

Rome, Prime Minister Giorgia Meloni meets Lithuania President Gitanas Nauseda (1430 GMT).

Rome, Prime Minister Giorgia Meloni attends opening ceremony of police 'Carabinieri Corps Officers School' 2024/25 Academic Year (0930 GMT).

Rome, Intelligence Parliamentary Committee COPASIR presents annual report with Cabinet Undersecretary with responsibility for the security of the Republic Alfredo Mantovano, COPASIR President Lorenzo Guerini (1000 GMT).

Rome, at event "Cultivating international talents: the scholarships of Sistema Italia" (1000 GMT) expected attendees include Foreign Minister Antonio Tajani, Universities and Research Minister Anna Maria Bernini.

Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin attends event "The weight of energy" (1000 GMT).

Milan, "Shipping, Forwarding & Logistics Meet Industry" event with Infrastructures and Transport Minister Matteo Salvini (0830 GMT); Civil Protection and Sea Minister Nello Musumeci delivers closing address.

Milano, Economy Ministry Agency SACE holds event "Let's grow! SACE, Export and Innovation: growth scenario for Italian companies" with CEO Alessandra Ricci and Chief Economist Alessandro Terzulli (1000 GMT), press point (0930 GMT) with Ricci and Terzulli.

Brasimone (Bologna), Industry Minister Adolfo Urso visits the ENEA/Newcleo Centre of Excellence (0900 GMT).

((Milan newsroom, e-mail: reutersitaly@thomsonreuters.com))

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/