Italy - Factors to watch on February 4

Banca Popolare Di Sondrio SpA

04/02/2026 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 (*).

For a complete list of diary events in Italy please click on IT/DIA.

POLITICS

Former army general Roberto Vannacci quit the League group, part of Italy's governing coalition, on Tuesday to set up his own far-right party, potentially complicating Prime Minister Giorgia Meloni's hopes of winning re-election next year.

ECONOMY

January services PMI HCOB data (0845 GMT).

ISTAT releases basket of goods used to calculate inflation in 2026 (0900 GMT) and January flash CPI and HICP data (1000 GMT).

DEBT

Italy raised 14 billion euros on Tuesday from its second syndicated bond sale of 2026, the country's highest ever demand for a single-tranche deal in a busy start to the year for euro zone issuers.

COMPANIES

(*) LEONARDO LDOF.MI

The Italian defence and aerospace group said on Wednesday it had signed a letter of intent with Indonesia's PT ESystem Solutions and the Ministry of Defence to cooperate on the supply and support of the M-346 F Block 20 aircraft for the Indonesian air force.

(*) BANCO BPM BAMI.MI

France's Credit Agricole, the single largest shareholder in Banco BPM, will seek greater influence at the Italian lender, CEO Olivier Gavalda said on Wednesday. "We demand to have a position on the board that equals our 20%... so 20% representation on BPM's board," he told reporters after the release of fourth-quarter results.

(*) MONTE DEI PASCHI BMPS.MI, MEDIOBANCA MDBI.MI

There is a more than 50% chance that an industrial plan involving the delisting of acquired Mediobanca and its merger with MPS, alongside the spin off of private and investment banking, could be approved by the end of February, MF daily reported on Wednesday citing a source close to MPS.

At least a dozen of Mediobanca's top private bankers in Italy have left for Deutsche Bank, the Financial Times newspaper reported on Wednesday. The Mediobanca team, including four managing directors, decided to leave shortly after the takeover because MPS "was never a major wealth management player", people familiar with the matter told FT.

(*) ENI ENI.MI

The global liquefied natural gas (LNG) market is expected to stay finely balanced this year as thin supply buffers, low European inventories and recovering Asian demand leave little room for unexpected weather shocks, Cristian Signoretto, director for global gas & LNG portfolio at Italian energy major told Reuters.

He added Eni still needed to contract about 7 million metric tons per annum (mtpa) of LNG to reach the planned target of 20 mtpa of contracted LNG supply in its portfolio by 2029 to 2030.

BANCA MONTE DEI PASCHI DI SIENA BMPS.MI

Extraordinary shareholders' meeting (1330 GMT).

BPER BANCA EMII.MI

Releases preliminary FY results.

POPOLARE SONDRIO BPSI.MI, BPER BANCA EMII.MI

The bank reported on Tuesday a 20% year-on-year rise in its fourth-quarter net profit to 135.3 million euros ($159.8 million). It also called a shareholders' meeting for March 12 to approve its planned takeover by BPER Banca, Italy's fourth-largest bank.

(*) AEFFE AEF.MI

Italian state-owned agency Invitalia may become a financial partner and shareholder in the crisis-hit Italian fashion group if it adopts a credible restructuring plan, MF daily reported on Wednesday.

(*) TINEXTA TNXT.MI

The Italian digital company, the target of a mandatory takeover bid by Advent International, Nextalia SGR and Tecno Holding imminent, plans to acquire Berlin-based WebID Solutions GmbH, a provider of secure online identification services, through its subsidiary InfoCert, Il Messaggero daily reported on Wednesday.

DIARY

Foreign Minister Antonio Tajani meets U.S. State Secretary Marco Rubio in Washington.

Rome, Prime Minister Giorgia Meloni meets Czech counterpart Andrej Babis (1430 GMT).

Rome, Interior Minister Matteo Piantedosi addresses Chamber of Deputies on U.S. ICE security officers' presence at the Milano Cortina Winter Olympics (0830 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/