Italy - Factors to watch on April 2

doValue

02/04/2025 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.

ECONOMY

U.S. President Donald Trump is due to unveil his tariff plan at an event in the White House at 4 p.m. Eastern Time (2000 GMT), amid concerns from businesses, consumers and investors about an intensifying global trade war.

(*) The impact of duties on the Italian economy will be "massive", the head of Italy's business lobby Confindustria, Emanuele Orsini, told La Stampa in an interview published on Wednesday. He warned that China would be the one benefiting of any further rising tensions over trade between Europe and the U.S and hoped that Italian companies would not offshore production outside of the country as a response to tariffs.

COMPANIES

GENERALI GASI.MI

Italy's insurance regulator IVASS needs more details about internal control and governance systems as it reviews domestic leader Generali's proposed asset management tie-up with French bank BPCE, two sources close to the matter told Reuters.

(*) MEDIOBANCA MDBI.MI, GENERALI

The lender and the insurer filed a report on Monday to market watchdog Consob and insurance watchdog Ivass over the possibility that two of their top shareholders - Del Vecchio family’s investment company Delfin and entrepreneur Francesco Gaetano Caltagirone - are acting in concert to consolidate their control over Mediobanca, Generali, and Monte dei Paschi BMPS.MI, several Italian newspapers reported on Wednesday.

(*) UNICREDIT CRDI.MI, BANCO BPM BAMI.MI

Italy's second-largest bank said on Wednesday that Italy's market watchdog Consob approved the share offer document for its 14 billion euro all-share offer for smaller rival Banco BPM, the last required step to launch the tender. The offer will run between April 28 and June 23.

(*) BANCO BPM BAMI.MI

Credit Agricole CAGR.PA said on Wednesday it had received authorization from the European Central Bank (ECB) to cross the 10% threshold in the Italian lender. It added that it now holds a 19.8% stake in Banco BPM, and does not intend to launch a public offer for the capital of Banco BPM.

STELLANTIS STLAM.MI

Sales of new cars in Italy rose for the first time in eight months, rising in March by 6.2% compared to the previous year, but sales for Stellantis fell by 0.92%, transport ministry data showed on Tuesday.

Stellantis was one of 15 automakers, plus a trade group, which were fined a total of 458 million euros EU antitrust regulators on Tuesday for taking part in a vehicle recycling cartel. Stellantis, fined 99.5 million euros, said provisions for the charge had already been made in 2024 full-year results.

(*) The car group said that its sales in the first quarter of the year were down 12% year-on-year in the U.S. and fell 18% in Canada.

DOVALUE DOVA.MI

The Italian bad loan manager has reached 80% of its targeted increase in gross loan portfolio for the current year, and it may be able to surpass it, CEO Manuela Franchi told Reuters on Tuesday.

DIARY

Rome, business lobby Confindustria presents its forecast report on "Energy, green deal and tariffs: the obstacles to the Italian and European economy" (0900 GMT); European Affairs and National Recovery and Resilience Plan (NRRP) minister Tommaso Foti gives speech (0950 GMT).

Rome, Assicurazioni Generali GASI.MI Italian CEO  Giancarlo Fancel attends "Generali partner for the Country" event (0830 GMT).

Milan, Welfare Institute INPS President Gabriele Fava attends presentation "Contemporanea, for responsible art" (1000 GMT).

Milan, Energy Efficiency Watchdog CESEF holds conference on "Energy efficiency changes its skin: new policies and strategies for a competitive transition" with Engie ENGIE.PA Italian CEO Monica Iacono, Energy Authority ARERA President Stefano Besseghini, Energy Services Manager (GSE) President Paolo Arrigoni (0800 GMT).

Milan, easyJet EZJ.L CEO Kenton Jarvis attends inauguration ceremony of new easyJet base at Milan Linate Airport (0830 GMT).

Vatican City, Prime Minister Giorgia Meloni attends 20th anniversary commemoration of the death of Pope St. John Paul II (1300 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/