Italy - Factors to watch on July 3
03/07/2025 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.
ECONOMY
June services PMI HCOB data (0745 GMT).
COMPANIES
UNICREDIT CRDI.MI
The Italian bank's CEO Andrea Orcel is continuing a push to tie up with Germany's Commerzbank, writing letters last month to German Chancellor Friedrich Merz and two others to make his case, Sueddeutsche Zeitung reported on Wednesday.
(*) The lender published on Thursday a supplement to its offer document for Banco BPM BAMI.MI.
BANCA MONTE DEI PASCHI BMPS.MI, MEDIOBANCA MDBI.MI
State-backed Italian bank Banca Monte dei Paschi di Siena BMPS.MI said its bid for rival Mediobanca MDBI.MI would start on July 14 after the country's markets watchdog approved the offer document for investors. It also said it had received unconditional approval from Italy's antitrust authority for the deal.
BPER EMII.MI, BANCA POP SONDRIO BPSI.MI
Italy's Antitrust has approved the BPER's bid for smaller rival Banca Popolare di Sondrio subject to the sale of six branches to banking operators within 10 months, the country's fourth-largest bank said on Wednesday.
(*) Italian banking union FABI said on Wednesday BPER and unions had reached an agreement on the 2025 'Productivity Added Value' (PAV). Under the agreement, the bank's employees will receive in 2026 a 2,100-euro ($2,478.21) bonus as well an increase in the cash component from 1,400 euros to 1,525 euros and in the welfare component from 450 euros to 525 euros.
BIALETTI BIA.MI
NUO Capital said on Wednesday it had secured approval from Italy's market watchdog Consob for its bid for the inventor of the octagonal moka coffee pot. The acceptance period will run from July 7 to July 25.
LUXURY
Italian fashion house Giorgio Armani said on Wednesday its core profit dropped 24% last year hit by declining revenues and a slight increase in operating costs.
DIARY
Milan, Press conference by LA7 broadcaster for the presentation of the programme lineup for the 2025/26 season (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/
($1 = 0.8474 euros)