Italy - Factors to watch on November 4

Ferrari

Yesterday 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 (*).

ECONOMY
Italy's government said on Tuesday the domestic impact of a cyberattack that hit supermarket refrigeration systems across Europe had been extremely limited and posed no public health risk from thawing food products.
(*) Appliance maker Electrolux ELUXb.ST has agreed with the Italian government and unions to nearly halve planned job cuts in the country and invest more than €100 million, the unions and the industry minister said.
S&P Global releases October services PMI (0845 GMT) and October composite PMI (0845 GMT).

COMPANIES  
UNICREDIT CRDI.MI  
Italy's second-biggest bank has asked managers to go back to working in the office five days a week as of Tuesday, with remote working allowed in certain cases agreed in advance, sector unions said in a statement. The decision was confirmed by a bank spokesperson. UniCredit union representatives said they had held an urgent meeting with the management on Tuesday after a letter from the CEO with the new arrangements circulated on Monday. The measure is set to be extended to virtually all employees from January, the unions added.

INTESA SANPAOLO ISP.MI
The Italian lender is confident about the antitrust decision it faces over its bid for Monte dei Paschi di Siena BMPS.MI, Chief Executive Carlo Messina said, as Italy's biggest bank raised its 2026 profit outlook.

NEXI NEXII.MI
State lender Cassa Depositi e Prestiti, which is the leading investor in Italian payments group, said on Tuesday it did not expect Nexi to merge with French rival Worldline WLN.PA in the immediate future, a possibility that has been floated in several media reports.

FERRARI RACE.MI 
Shares in the Italian luxury sports car maker rose as much as 4.7% on Tuesday after it raised forecasts for this year's results after beating consensus on core profit and revenue in the third quarter. 
Orders for Ferrari's Luce EV already cover all the units the company was planning to sell next year, CEO Benedetto Vigna said on Tuesday.

(*) IVECO IVG.MI 
     The truck group, acquired by India's Tata Motors TATAM.NS, posted on Tuesday an adjusted core profit of €30 millions, down from €111 million a year earlier, as quality-related initiatives, an unfavourable product mix and inflation weighed on profitability. The company said that despite weaker industry demand for light commercial vehicles, macroeconomic uncertainties and a negative product mix it expects profitability to recover in last quarter of the year. 

(*) STMICROELECTRONICS STMMI.MI
The chipmaker said on Wednesday it had launched a new unified STM32 microcontroller platform with industrial, automotive and robotics applications, aiming to speed development and software reuse across markets.
        
ARISTON HOLDING ARIS.MI
The Italian heating equipment maker releases Q3 results.

INDUSTRIE DE NORA DNR.MI
The Italian electrode maker releases Q3 results.

DIARY 
Milan, Italgas marks the 10th anniversary of its return to the stock market in an event with CEO Paolo Gallo, Chairman Paolo Ciocca and Borsa Italiana CEO Fabrizio Testa (1100 GMT).

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/