Italy - Factors to watch on November 11

Banca Monte dei Paschi di Siena SpA

Wed 05:00

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 (*).
      
POLITICS
European nations have taken no concrete steps to strengthen shipping protection in the Red Sea, Italy's defence minister said on Tuesday, adding that governments have failed to respond to his calls to bolster the bloc's naval mission in the area.

BANKS
Italy's banking lobby ABI said on Tuesday that tax hikes on financial institutions included in the 2027 budget may be unconstitutional. ABI said the measures would increase the tax burden on domestic lenders by around €7 billion over the next three years.

ECONOMY
ISTAT releases September industrial output data (0900 GMT).
ISTAT releases its note on economic trends and outlook for 2026-2027 (1000 GMT).
Major Italian steelmakers have halted or are progressively shutting down production as surging electricity and gas prices make operations economically unsustainable, industry lobby Federacciai said on Tuesday.

DEBT
Treasury offers 8.5 billion euros of 12-month BOTs.

COMPANIES  
INTESA SANPAOLO ISP.MI, BANCA MONTE DEI PASCHI (MPS) BMPS.MI
The European Central Bank has called for a "cautious approach to dividend distribution" in approving Intesa Sanpaolo's €34.5 billion acquisition of Monte dei Paschi di Siena BMPS.MI, the offer's investor document showed.

TELECOM ITALIA (TIM) TLIT.MI 
Telecom Italia reported third-quarter core earnings broadly in line with expectations on Tuesday, supported by revenue growth in its Enterprise and Brasil activities.
CEO Pietro Labriola presents Q3 results to analysts (1430 GMT).
        
BANCO BPM BAMI.MI/CREDIT AGRICOLE CAGR.PA  
Italy will assess whether to apply its "golden powers" to a proposed tie-up between Banco BPM and the Italian unit of French Credit Agricole in the coming weeks, Prime Minister Giorgia Meloni said on Tuesday.

(*) STELLANTIS STLAM.MI 
Stellantis is not meeting its obligations to Canada and Ottawa will do it can to ensure it does, Canadian Prime Minister Mark Carney said Tuesday, after the automaker sold the Brampton car plant to defence group Roshel. Roshel CEO Roman Shimanov told Reuters that his company was in talks with several automakers to produce civilian vehicles at the idled plant.

INWIT INWT.MI 
Italy's biggest mobile telecoms towers company said on Tuesday that third-quarter net profit and consolidated revenue fell from a year earlier. The company confirmed its 2026 guidance and said it expects to return to growth in 2027.
Q3 results conference call (0830 GMT). 

(*) WEBUILD WBD.MI, TREVI TFI.MI 
Webuild said on Tuesday it had raised its stake in Trevi to 43.15%, giving an update on its ongoing takeover bid. 

RECORDATI RECI.MI
The pharma group said on Tuesday it had posted a 7.7% rise in its nine-month core profit, boosted by the rare diseases segment. The company confirmed its full-year targets at the upper end of the guidance ranges.

(*) BFF BANK BFF.MI 
The specialist lender said on Tuesday it was in exclusive talks with Cerberus regarding a possible strategic deal. Bloomberg reported in September that Cerberus had proposed taking a stake of less than 30% in the bank. 

GEOX GEO.MI
The footwear group on Tuesday reported nine-month sales down 11.7% year-on-year due to weaker demand and confirmed its full-year 2026 guidance.

MEDIA
Italy's advertising spending rose 0.2% year-on-year in September, research agency Nielsen said on Tuesday.

SNAM SRG.MI
The gas grid operator releases Q3 results.     

DIARY 
Cologno Monzese, MFE CEO Pier Silvio Berlusconi meets the press (1000 GMT) 
Economy Minister Giancarlo Giorgetti speaks at a conference in Rome (0830 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
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/



($1 = 0.8908 euros)