Italy - Factors to watch on December 10

Davide Campari Milano NV

10/12/2025 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.

POLITICS

The independence of central banks is essential for monetary stability, Bank of Italy Governor Fabio Panetta said on Tuesday, amid a spat between the Italian government and the European Central Bank over the country's gold reserves.

ECONOMY

ISTAT releases October industrial output data (0900 GMT).

Bank of Italy releases October data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks.

DEBT

Treasury sells 9.0 billion euros 12-month BOT bills. Subscriptions close at 1000 GMT.

COMPANIES

CAMPARI CPRI.MI

Lagfin SCA, the Luxembourg-based holding company that controls the Italian drinks group, is negotiating with the Italian Revenue Agency to settle a tax dispute with a payment of around 400 million euros, two sources with direct knowledge of the matter told Reuters on Tuesday.

(*) GENERALI GASI.MI

As it becomes more likely that the Natixis deal will be shelved, Chief Executive Philippe Donnet has started examining alternative deals to develop the group's asset management business, La Stampa daily reported on Wednesday.

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

A Monte dei Paschi board meeting, scheduled for December 18, will be a further occasion to discuss the integration of the two banks and by that date MPS hopes to receive a green light from the ECB regarding the change of its bylaws to allow the outgoing board to nominate its successors, ahead of a board renewal in April, Corriere della Sera reported on Wednesday. The daily added, however, that more time could be needed to get an approval from the central bank.

(*) BANKS

The League party is working to find new sources of funding for next year's budget, and among the "viable options" there is the possibility of increasing the contribution from banks, Armando Siri, a member of the co-ruling League, told la Repubblica in an interview published on Wednesday.

AZIMUT HOLDING AZMT.MI

The Italian asset manager reported on Tuesday net inflows of 889 million euros ($1.03 billion) in November, bringing year-to-date inflows to 18.0 billion euros, and reaffirmed its full-year target of 28-31 billion euros.

ENI ENI.MI, ACEA ACE.MI

The Italian competition authority said on Tuesday it had opened a probe into the acquisition of the energy retail arm of local utility ACEA by Plenitude, the retail and renewables unit of Eni.

(*) ENI

Kazakhstan's energy ministry said on Wednesday it would redirect some oil from the giant Kashagan oil field to China after a Ukrainian drone attack on the Caspian Pipeline Consortium's Baltic Sea terminal.

The offshore Kashagan field, one of the world's biggest discoveries in recent decades, is being developed by several energy giants, including Eni, Shell SHEL.L, TotalEnergies TTEF.PA and ExxonMobil XOM.N.

(*) LEONARDO LDOF.MI

Ukraine is ready to co-produce drones with Italy, sharing know-how and technologies, the country's Foreign Minister Andriy Sybiha told both la Repubblica and Il Fatto Quotidiano in two separate interviews published on Wednesday, when asked about possible deal with the state-controlled defence group.

(*) FERRARI RACE.MI

Morgan Stanley on Wednesday initiated coverage of the luxury car maker, with an 'equal weight' rating and a target price of 367 euros.

BRUNELLO CUCINELLI BCU.MI

Board meeting on multi-year planning and year-end update; followed by conference call (1700 GMT).

DIARY

Rome, automotive industry lobby ANFIA holds annual public meeting "The future is now! The European automotive industry as an essential factor for strategic autonomy" (1300 GMT); expected attendees include Stellantis STLAM.MI CEO Antonio Filosa (via videoconference) and Industry Minister Adolfo Urso.

Enel ENEI.MI holds Christmas season's toast with Group CEO Flavio Cattaneo (1130 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/