Italy - Factors to watch on October 29

Eni SpA

Yesterday 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 (*).

ECONOMY
Italy will raise taxes on banks, insurers, energy firms and the gaming industry to help finance its 2027 budget, ministers said after cabinet approved the last financial bill under Prime Minister Giorgia Meloni before an election due next year.
ISTAT releases September unemployment data (0900 GMT); September non-EU trade data (1000 GMT); October consumer and business confidence data (1100 GMT).

DEBT
Treasury holds medium/long-term bond auction.

COMPANIES  
STELLANTIS STLAM.MI
The automaker's shares closed more than 15% higher on Wednesday as investors found fresh signs that CEO Antonio Filosa's turnaround strategy is gaining traction after more than two years of falling sales and profitability. 
   
ENI ENI.MI 
The Italian energy group said on Wednesday it had restarted production at the supergiant Junín-5 oil field in Venezuela, aiming to boost output to 200,000 barrels per day by 2028.

BANCA MONTE DEI PASCHI DI SIENA (MPS) BMPS.MI
The Tuscan bank holds an extraordinary shareholders' meeting to vote on its proposed merger with Mediobanca and on bids for Banco BPM BAMI.MI and Banca Generali BGN.MI.
(*) MPS' shareholders on Thursday are unlikely to approve CEO Luigi Lovaglio's defence strategy against a takeover bid by Intesa Sanpaolo, la Repubblica and other Italian dailies reported.
(*) Investors attending the bank's shareholder meeting on Thursday will have a combined holding of less than 70% of its share capital, making it even more difficult to reach the threshold of two-thirds required for Lovaglio's plan to fly.

INTESA SANPAOLO ISP.MI
The Italian lender said on Wednesday it had received from the foreign authorities the last prior authorisations needed to acquire control of Monte dei Paschi (MPS) BMPS.MI.    
It said it had received the final regulatory approvals from the relevant foreign authorities required for the acquisition of control of MPS and its subsidiaries and affiliated companies.
        
BANCO BPM BAMI.MI
The European Central Bank (ECB) set on Wednesday a minimum CET1 capital requirement of 9.53% for the Italian lender for 2027, confirming the overall Pillar 2 Requirement of 2.25% that had been set for 2026.
Banco BPM said it remains comfortably above all assigned prudential requirements. In particular, its CET1 ratio stood at 14.02% as of June 30.

(*) PRYSMIAN PRY.MI 
The world's largest cable maker on Thursday raised forecasts for its full-year results, citing strong performance and contribution from an acquisition, after posting a core profit of €851 million ($949.89 million) in the third quarter.

(*) STMICROELECTRONICS STMMI.MI
The Franco-Italian chipmaker reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and satellite operators added to a broader recovery in its markets.    
     
CAMPARI CPRI.MI
The Italian spirits group said on Wednesday its organic revenue was up 3.4% in the third quarter, beating market expectations, despite a slowdown in North America.

AVIO AVI.MI
The rocket maker said on Wednesday it had signed a new contract worth more than €55 million with European missile maker MBDA.

LEONARDO LDOF.MI
Airbus' CFO on Wednesday said that discussions with European antitrust authorities on a planned merger of the satellite businesses of the European aerospace group with Italy's Leonardo and France's Thales ones were constructive but had not yet been concluded.

(*) JUVENTUS JUVE.MI
The Turin-based club lost 2-0 away to Genoa on Wednesday, slipping to eighth place in Serie A, 11 points adrift of leaders Inter and Lazio.
       
ITALGAS IG.MI
Europe's largest gas distributor releases its Q3 results.

AMPLIFON AMPF.MI
The hearing aid company releases its Q3 results.

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
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/