Italy - Factors to watch on Aug. 1

Davide Campari Milano NV

01/08/2025 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.

POLITICS

(*) U.S. President Donald Trump slapped steep tariffs on exports from dozen of trading partners including Canada, Brazil, India and Taiwan, pressing ahead with his plans to reorder the global economy ahead of a Friday trade deal deadline.

Italy's main opposition Democratic Party (PD) has warned Giorgia Meloni's ruling coalition against involving Elon Musk's SpaceX in the update of a satellite programme, parliamentary documents show, saying the move would pose national security risks.

ECONOMY

July PMI manufacturing HCOB data (0745 GMT).

ISTAT releases June retail sales data (0800 GMT).

Transport Ministry releases July car sales data (1600 GMT).

July state sector borrowing requirement data.

COMPANIES

BANCO BPM BAMI.MI, UNICREDIT CRDI.MI

Credit Agricole CAGR.PA has become a key actor in Italy's banking consolidation saga, according to a Reuters analysis, playing a role in the fate of Banco BPM BAMI.MI, which UniCredit CRDI.MI has unsuccessfully tried to swallow up in the face of Italian government opposition.

(*)UNIPOL ASSICURAZIONI UNPI.MI

The Italian insurer said on Friday Fitch Ratings has upgraded its Insurer Financial Strength Rating to 'A' from 'A-', and its Long-Term Issuer Default Rating to 'A-' from 'BBB+', confirming for both a 'stable' outlook.

CAMPARI CPRI.MI

(*) The spirits group warned on Thursday of an up to 45 million euros ($51 million) hit from U.S. tariffs to earnings this year, as it reported a 2.9% increase in second-quarter adjusted operating profit.

PIRELLI PIRC.MI

The tyremaker trimmed its 2025 revenue forecast on Thursday due to the expected impact of adverse currency movements.

FERRAGAMO SFER.MI

The luxury group said on Thursday it had put in place a plan to revive sales and relaunch its brand as it deals with eroding consumer demand and macroeconomic certainty. The group reported a first-half adjusted net loss of 16 million euros ($18.31 million).

FERRARI RACE.MI

The luxury sports-car maker could trim a premium introduced in April for some cars sold in the United States once the lower 15% tariff for European imports takes effect, it said on Thursday.

Its shares sank more than 12% on Thursday even as the car maker maintained its guidance, although it said it would cut back prices in the U.S.

ENEL ENEI.MI

The Italian utility reported on Thursday a 1% year-on-year rise in its ordinary core profit in the first half, when stripping out asset sales, and said it would launch a share buyback worth up to 1 billion euros later this year.

(*) The company expects the negative impact resulting from a power blackout that occurred in the Iberian peninsula in April to disappear in the second half of the year, CFO Stefano De Angelis said in a post-result analyst call.

(*) Morgan Stanley on Friday cut the rating of the group to 'equal weight' from 'overweight' and its target price to 8.4 euros from 8.8 euros.

(*) SAIPEM SPMI.MI

RBC on Friday cut the group's rating to 'sector perform' from 'outperform'.

(*) LOTTOMATICA LTMC.MI

Morgan Stanley on Friday cut the rating of the betting group to 'equal weight' from 'overweight' and raised it target price to 27 euros from 24.5 euros.

Milan Stock Exchange After Hours market closed.

DIARY

Prime Minister Giorgia Meloni meets Turkish President Recep Tayyip Erdogan in Istanbul, (1030 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/