Italy - Factors to watch on March 31
31/03/2026 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 has approved European Union-mandated measures to create a more uniform framework for alternative investment funds, especially credit funds, whose importance has grown as a source of financing for companies outside the banking system. ISTAT releases demographic indicators year 2024 (0800 GMT); March CPI flash data (0900 GMT); January industry sales data (1000 GMT). COMPANIES MONTE DEI PASCHI (MPS) BMPS.MI The European Central Bank is concerned about the banking credentials of Fabrizio Palermo, the executive put forward by the Tuscan lender to become CEO, a person with direct knowledge of the matter told Reuters. Proxy adviser ISS on Monday recommended that MPS' shareholders vote for the slate of candidates submitted by the bank's board, including its CEO candidate Palermo. However, it also recommended that should the slate presented by the board prevail, when shareholders are subsequently called on to vote on individual directors, they should oppose eight directors proposed by the board. These include Chairman Nicola Maione and directors Alessandro Caltagirone, the son of leading MPS shareholder Francesco Gaetano Caltagirone, and Domenico Lombardi, head of the appointments committee. ISS also cited "several concerns" on the CEO succession process at the bank. INTESA SANPAOLO ISP.MI Italy's data protection authority said on Monday it had fined the country's biggest bank 31.8 million euros ($36.41 million) over a data breach case that involved some 3,500 customers over two years. (*) DOVALUE DOVA.MI The financial services group on Tuesday said it was awarded a new servicing contract for two portfolios in Greece and Cyprus for an overall gross book value of 250 million euros, for which it will be the sole and exclusive services. The transaction does not entail a material financial impact and is already included in the 2025 accounts, the group added in a statement. (*) ENI ENI.MI Libya's National Oil Corporation said on Monday that oil production had fully resumed at the Sharara and El Feel oilfields after completing maintenance on a crude export pipeline linking Sharara to storage tanks at the Zawiya refinery. El Feel, which has capacity of between 80,000 and 90,000 bpd under normal circumstances, is operated by Mellitus Oil and Gas, a joint venture between NOCK and Italy's Eni. (*) ENI, ACEA ACE.MI The acquisition of Acea Energia, owned by regional utility Acea, by Eni's low-carbon division Plenitude is expected to be finalised after Easter, or by April 15, daily MF reported on Tuesday. SAIPEM SPMI.MI The oil servicer said on Monday it would propose to its shareholders to buy back and cancel up to 5% of the group's outstanding shares. BUZZI BZU.MI Releases FY results (preliminary FY results released on February 6). UNICREDIT CRDI.MI Annual and extraordinary meetings (0900 GMT). DIARY Rome, Bank of Italy holds annual meeting to approve full-year results (0800 GMT). Milan, RCS Academy holds 6th edition 'Energy talk' "Alternative sources and energy security" (0700 GMT); expected attendees include Environment and Energy Security Minister Gilberto Pichetto Fratin, European Investment Bank Vice President Gelsomina Vigliotti, Edison EDNn.MI CEO Nicola Monti. Milan, McKinsey celebrates 100th anniversary (1430 GMT); expected attendees include Telecom Italia (TIM) TLIT.MI CEO Pietro Labriola, Poste Italiane PST.MI Chairwoman Silvia Rovere, Bending Spoons Co-Founder and CEO Luca Ferrari. ((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/