Italy - Factors to watch on October 16

Davide Campari Milano NV

16/10/2025 05:00

The following factors could affect Italian markets on Thursday.

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

ISTAT releases September CPI final data (0800 GMT) and August foreign trade data (0900 GMT).

COMPANIES

(*) BANKS

Talks between Italian banks and the government over the lenders' contribution to the 2026 budget are deadlocked and may lead to a cabinet meeting, due to finalise the pacakge, to be posponed to Monday from Friday, according to people familiar with the matter.

The standstill is over additional levies to be applied to banks on top of the multi-year freeze of tax credits, known as deferred tax assets (DTAs), which banks have agreed to, the sources said.

The maximum stake that a banking foundation can hold in a bank will rise to 44% from 33%, in fair value terms, according to a deal set to be signed on October 28 between the Italian Treasury and the association of Italian banking foundations ACRI, reported Corriere della Sera daily on Thursday.

(*) INTESA SANPAOLO ISP.MI

RBC initiated coverage of the bank on Thursday with an 'outperform' rating and a target price of 7 euros.

(*) BANCA MONTE DEI PASCHI DI SIENA BMPS.MI

Jefferies initiated coverage of the Tuscan lender on Thursday with a 'buy' rating and a target price of 9.3 euros.

(*) MEDIOBANCA MDBI.MI

Following its acquisition by Monte dei Paschi and by year-end, the merchant bank will change its accounting period - currently from July to June - in order to close it in December, Il Sole 24 Ore daily reported on Thursday.

(*) STELLANTIS STLAM.MI

Canada threatened legal action against the automaker on Wednesday over what Ottawa says is the company's unacceptable plan to shift production of one model to a U.S. plant.

LEONARDO LDOF.MI

Germany is strengthening its air defence capabilities with the purchase of 20 new Eurofighters, the consortium said on Wednesday, adding that the first aircraft will be delivered in 2031 and the last in 2034. The consortium includes Germany, Britain, Italy and Spain, and is represented by Airbus AIR.PA, BAE Systems BAES.L and Leonardo.

(*) TELECOM ITALIA (TIM) TLIT.MI

     Deutsche Bank on Thursday raised the rating of the phone group to 'buy' from 'hold' and raised the target price for both the shares and the savings shares of the company to 0.62 euros from 0.34 euros.

(*) STMICROELECTRONICS STMMI.MI STMPA.PA

The Italian Treasury's representative on the supervisory board, Paolo Visca, is set to resign, Il Sole 24 Ore daily reported on Thursday, saying his replacement is part of efforts to resolve recent tensions between Italy and France over the governance of the company.

SAIPEM SPMI.MI

The oil service company said on Wednesday it had been awarded, in consortium with Azerbaijan's SOCAR, three new offshore contracts for the Shah Deniz Compression project operated by bp BP.L in Azerbaijan. The overall value of the contracts is approximately 700 million dollars, with 600 million attributable to Saipem.

FASHION INDUSTRY

Italy plans to apply an extra levy on Chinese fast fashion products to help shield its fashion industry from low-cost foreign imports, government sources told Reuters on Wednesday.

The move is aimed at avoiding unfair competition in the market for what is one of Italy's key industries, the people said, adding Rome would likely impose the charge on online retailers Temu and Shein, among others.

M&A

Investment firm Ardian and Italian asset management company Finint Infrastrutture have signed an agreement to jointly acquire Milione Spa, the holding company that controls Save, the group that manages several airports including Venice's Marco Polo.

BRUNELLO CUCINELLI BCU.MI

Releases Q3 revenue results (preliminary Q3 revenues results released on Oct. 1).

DIARY

Economy Minister Giancarlo Giorgetti attends IMF/WB-G20/G7 annual meetings in Washington (to October 17).

Rome, Adepp general meeting (0730 GMT); expected attendees include Labour Minister Marina Calderone, European Affairs and National Resilience and Recovery Plan (NRRP) Minister Tommaso Foti, Foreign Minister Antonio Tajani, Banco BPM BAMI.MI CEO Giuseppe Castagna, Poste Italiane PST.MI CEO Matteo Del Fante.

Milan, Bocconi University holds the inaugural event for the Harvey Chaplin Chair in Distribution, Channel & Experience Management (1500 GMT); expected attendees include Campari Group CPRI.MI Chairman Luca Garavoglia; Generali GASI.MI Chairman Andrea Sironi delivers closing address.

Milan, news conference to present the concept for the "Opening Ceremony of the Olympic Winter Games Milano Cortina 2026" (1300 GMT).

Cernobbio, 'ComoLake' conference "Digital Innovation Forum" continues (0700 GMT); ends on October 17. On Thursday expected attendees include Defense Minister Guido Crosetto; Cabinet Undersecretary Alessio Butti delivers closing address.

((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/