Italy - Factors to watch on November 25

Ermenegildo Zegna NV

25/11/2025 05:00

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

Italy's leftist opposition and government coalition parties held their ground in three regional votes ending Monday, wrapping up a round of six races in 2025 which confirmed the status quo. Prime Minister Giorgia Meloni's rightist bloc held the three regions where they already ruled, and so did the centre-left opposition.

DEBT

Treasury sells up to 4.5 billion euros in three bonds. Subscriptions close at 1000 GMT.

The Treasury said on Monday it would sell 9.5 billion euros of bonds at a Nov 27 auction.

COMPANIES

(*) STELLANTIS STLAM.MI

The automaker saw October sales increase by 4.6% year-on-year in the European Union, Britain and the European Free Trade Association, versus an overall increase of 4.9%, European Automobile Manufacturers' Association data showed on Tuesday. Since the beginning of the year, Stellantis' registrations were down 4.7%, compared to a 1.9% rise overall.

(*) PIRELLI PIRC.MI

Jefferies on Tuesday cut its rating on the tyremaker to 'hold' from 'buy' and cut the target price to 6.5 euros from 7.4 euros.

(*) NEXI NEXII.MI

State lender Cassa Depositi e Prestiti may increase its 19.14% stake in the digital payments group and is considering buying the 3.2% stake held by Mercury UK, a vehicle comprising Bain, Advent and Clessidra, daily Corriere della Sera reported on Tuesday.

(*) ENAV ENAV.MI

If the air traffic controller registers a better-than-expected performance in the non-regulated market, it may up its dividend for 2025, CEO Pasqualino Monti said in an interview published on Tuesday by Il Sole 24 Ore. He also said a possible stake sale by Italy's Treasury would be an opportunity for the company as the stock would have a higher liquidity.

LUXURY - ZEGNA

The Italian luxury menswear maker on Monday outlined a succession plan, as Chief Executive Gildo Zegna moved to the role of executive chairman, while his sons Edoardo and Angelo are stepping up to lead the family-owned group's flagship brand.

DIARY

Prime Minister Giorgia Meloni attends African Union-EU summit in Luanda, Angola.

Rome, "Tax information systems for combating tax evasion" conference with Economy Deputy Minister Maurizio Leo (0900 GMT).

Turin, Stellantis STLAM.MI holds official event for the launch of the production of the new hybrid Fiat 500 at the Mirafiori plant with CEO Antonio Filosa and newly appointed Head of Europe Emanuele Cappellano (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/