Italy - Factors to watch on December 2

Davide Campari Milano NV

02/12/2025 07:42

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.

POLITICS

Italian Prime Minister Giorgia Meloni after talks on Monday with European leaders and Ukrainian President Volodymyr Zelenskiy, called for alignment between Europe and the United States agree on how to achieve peace in Ukraine.

DEBT

Italy's state sector budget deficit widened to 6.9 billion euros in November, compared to 5.17 billion euros in the same month of 2024, the Treasury said on Monday.

The Treasury said on Monday it would buy back up to 7 billion euros of bonds at an auction on December 3.

ECONOMY

ISTAT releases October unemployment rate flash data (0900 GMT) and October producer prices data (1100 GMT).

COMPANIES

STELLANTIS STLAM.MI

Sales of new cars in Italy were stable in November, with a marginal year-on-year 0.04% decline to 124,222 units, transport ministry data showed on Monday, while registrations for Stellantis, excluding the Leapmotor joint venture, fell by 4.4%, according to Reuters calculations.

MONTE DEI PASCHI DI SIENA BMPS.MI, MEDIOBANCA MDBI.MI

The investigation by Milan prosecutors into MPS' takeover of Mediobanca is expected to last a few more months and is unlikely to have an impact on the acquisition, judicial and investigative sources told Reuters.

(*) Should Italian market regulator CONSOB find that MPS investors Delfin and Caltagirone acted in coordination in the bank's takeover of Mediobanca, breaching mandatory takeover obligations, it could require the two shareholders to launch a compulsory cash full tender offer on the bank, dailies La Repubblica and La Stampa reported on Tuesday.

La Stampa added that Consob could also consider the coordination in the share purchase of Generali, in which case it would request Delfin, Caltagirone as well as MPS to launch a mandatory full takeover offer for the insurer, worth up to 50 billion euros.

(*) MPS is expected to hold a board meeting by the end of the week to discuss the investigation into Mediobanca's takeover, Corriere della Sera and MF reported on Tuesday. MF added that the meeting could be held on December 4.

(*) As of September 30, MPS is well above the new capital requirements set by the ECB after the bank's takeover of Mediobanca, it said in a statement on Tuesday, adding that at consolidated level its fully loaded common equity Tier 1 ratio was at 16.9%, versus a requirement of 9.01%, and its fully loaded total capital ratio was 19.3% vs a requirement of 13.47%.

(*) CREDEM EMBI.MI

Deutsche Bank said on Tuesday it cut the lender's rating to 'hold' from 'buy' and it raised the target price to 15.4 euro from 14.30 euros.

(*) BANCA POPOLARE SONDRIO BPSI.MI

Deutsche Bank said on Tuesday it raised the lender's rating to 'buy' from 'hold' and raised the target price to 17.60 euros from 11 euros.

(*) POSTE ITALIANE PST.MI, TELECOM ITALIA (TIM) TLIT.MI

The Italian financial services group is in talks with Vivendi  VIV.PA to buy the French group's remaining 2.51% stake in Telecom Italia in a deal valued at around 200 million euros which would increase Poste's holding to 27.3%, daily Il Fatto Quotidiano said on Tuesday, citing financial sources.

(*) AVIO AVI.MI

The Vega C rocket successfully put in orbit the KOMPSAT-7 satellite on Monday for the Korean Aerospace Research Institute (KARI), Avio said in a statement adding that the satellite is designed to support detailed observation of the Korean Peninsula.

IVECO IVG.MI

The truckmaker said on Monday its military division IDV - in the process of being sold to defence group Leonardo LDOF.MI -   would supply an additional 658 tactical-logistic trucks to the Italian Army, extending an existing contract signed last year and with deliveries planned through 2039.

(*) CAMPARI CPRI.MI

Barclays said on Tuesday it raised the rating on the Italian spirits group to 'overweight' from 'equal-weigh' and raised the target price to 7.90 euros from 6.10 euros.

JUVENTUS JUVE.MI

Striker Dusan Vlahovic has been sidelined with a serious thigh injury, with further medical tests needed to determine the right treatment, the Serie A club said on Monday.

DIARY

Prime Minister Giorgia Meloni attends 46° Gulf Cooperation Council summit in Manama, Bahrain (to December 3).

Pope Leo ends his visit to Lebanon.

Rome, Association for Sustainable Intermodal Logistics (ALIS) holds general meeting (0800 GMT); expected attendees include Foreign Minister Antonio Tajani and Infrastructure and Transport Minister Matteo Salvini.

Rome, Industry Minister Adolfo Urso attends event "Infratel Italia meets the regions" (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/