Italy - Factors to watch on October 17

Brunello Cucinelli SpA

17/10/2025 05:00

The following factors could affect Italian markets on Friday.

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.

BUDGET/BANKS

The cabinet is due to meet at 0900 GMT to finalise the government's 2026 budget to be presented to parliament and approved by year-end.

The government plans to collect more than 11 billion euros  ($12.86 billion) from banks and insurance companies over 2026-2028 to help fund state finances, according to a budget  draft sent to EU authorities on Thursday.

The issue has triggered tensions between the government and financial lobbies, and divisions within Prime Minister Giorgia Meloni's rightist coalition.

However, the ruling parties reached a common stance during a meeting late on Thursday with the Prime Minister, political sources said, without detailing.

The co-ruling Forza Italia party later said that lenders would be allowed to unlock 6.2 billion euros in reserves they set aside last year under an opt-out clause from a contested 2023 windfall tax, by paying a 27.5% tax on a voluntary basis.

(*) The financial sector will also have to contribute to the budget package with a 2% increase in the regional tax on productive activities, or IRAP, several newspapers reported on Friday. Banks and insurance companies already pay a higher IRAP rate than other businesses, with rates of 5.45% and 5.9% respectively, la Repubblica reported, adding that for insurance companies, the total contribution would amount to around 600 million euros.

ECONOMY

Bank of Italy releases quarterly 'Economic Bulletin' (1300 GMT).

DEBT

Treasury announces minimum guaranteed rates for seven-year bonds 'BTP Valore' for the retail market be auctioned on October 20-24.

COMPANIES

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

MPS CEO Luigi Lovaglio presented on Thursday a detailed  schedule for the integration of MPS with Mediobanca, with the aim of completing it by March, a few weeks before the MPS board renewal scheduled in April, MF reported on Friday.

On a commercial level, Lovaglio's plan aims at a clear segmentation of customers and businesses, with MPS focusing on retail banking, consumer  credit through Compass and asset management for affluent customers. Mediobanca will rather focus on higher value-added activities, such as corporate and investment banking and private banking, the report added.

MF also wrote that internal mergers are also being considered, including that of Widiba into Mediobanca Private.

(*) A2A A2.MI

The board of the Italian utility will meet to approve a revised business plan on November 11, the company said on Friday.

BPER EMII.MI, BANCA POPOLARE DI SONDRIO BPSI.MI

The two banks said on Thursday their boards are due to meet on Nov. 5 to approve the merger, which is expected to be completed in the first half of 2026. Italy's fourth-largest bank is pursuing a generational turnover, offering voluntary exits to 800 employees, mostly next year.

(*) FERRARI RACE.MI

The luxury carmaker has reduced the number of cars it sells in the UK to stem declining residual values of its luxury vehicles, prompted by the departure of wealthy individuals after tax changes and the abolition of non-dom status, the Financial Times reported on Friday.

BRUNELLO CUCINELLI BCU.MI

October sales confirmed the positive trend seen in the first nine months across all regions, the Italian luxury company said on Thursday.

JUVENTUS JUVE.MI

The Serie A club said on Thursday it was under investigation by the European soccer governing body UEFA for possible breaches of its financial rules.

Juventus' current CEO Maurizio Scanavino will leave the role on November 7, when the board's mandate expires, the club also said on Thursday.

Controlling shareholder Exor EXOR.AS submitted its slate of nominees for the renewal vote that included general manager Damien Comolli who is expected to be named CEO. Crypto firm Tether submitted a separate slate with two candidates.

DIARY

Economy Minister Giancarlo Giorgetti attends FMI/WB-G20/G7 annual meetings in Washington.

DBRS rating agency scheduled review of sovereign debt rating on Italy.

Milan, A2A  presents the "Territorial Sustainability Report of Milan" with Chairman Roberto Tasca and CEO Renato Mazzoncini (1000 GMT).

Cernobbio, 'ComoLake' conference "Digital Innovation Forum" ends (0700 GMT); on Friday expected attendees include Energy Security Minister Gilberto Pichetto Fratin, Cabinet Undersecretary Alessio Butti, European Affairs and National Resilience and Recovery Plan (NRRP) Minister Tommaso Foti.

((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 = 0.8554 euros)