Italy - Factors to watch on June 26
Italy - Factors to watch on June 26 The following factors could affect Italian markets on Friday
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
POLITICS
Italy and France have agreed to launch a coalition to support Lebanon after the U.N. UNIFIL peacekeeping initiative in the area expires at the end of the year, Prime Minister Giorgia Meloni said on Thursday. Speaking in the French resort of Antibes after holding talks with French President Emmanuel Macron, Meloni said they had also discussed a possible international conference on the issue.
Meloni reiterated that Italy "did not participate" in the US-Israeli war against Iran, but only offered "technical and logistical" support
ECONOMY
Istat releases data on June consumer and business confidence (0900 GMT) and May trade with non-EU countries (1000 GMT).
DEBT
Treasury auctions BTP and CCTeu bonds.
COMPANIES
BANCO BPM BAMI.MI, MONTE DEI PASCHI DI SIENA BMPS.MI, INTESA SANPAOLO ISP.MI, UNICREDIT CRDI.MI
France's Credit Agricole CAGR.PA has informed the Italian government it plans to increase its stake in Banco BPM to near 30%, sources said, bolstering its grip on the country's fourth biggest bank amid a fresh merger wave in the sector.
Credit Agricole told Rome officials it had entered derivative contracts to reach a 29.9% BPM stake from 22.9%, but ruled out a full takeover, two sources briefed on the discussions told Reuters, asking not to be named.
(*) Intesa Sanpaolo is expected to file on Saturday with market regulator Consob the offer document for its proposed share-swap takeover of Banca Monte dei Paschi di Siena (MPS), daily Il Messaggero reported on Friday. It added that regulatory approval requests have been sent to authorities in around 60 countries and that the bank aims to launch the offer in November and complete the integration by year-end.
(*) BANCA IFIS IF.MI
Banca Ifis cut on Thursday its 2026 net profit guidanceto €100-110 million from €170-190 million after launching a process to sell and deconsolidate its NPL business. The bank has booked around €70 million of additional provisions, including €30 million linked to preliminary findings from a Bank of Italy inspection and €40 million on illimity's NPL exposures.
CEO to hold conference call at 0615 GMT.
(*) M&A - BANKS
Non-binding bids for Banca Popolare di Bari, the lender rescued by state-owned Mediocredito Centrale, are due by June 29, financial daily MF reported. According to the newspaper, offers are expected from cooperative banking group Iccrea, alongside Banca Popolare di Puglia e Basilicata, regional lender Credem EMBI.MI, and France's Credit Agricole CAGR.MI .
FERRARI RACE.MI
Ferrari's first-ever EV model, which has triggered a flurry of criticism since its unveiling last month, needs to be "digested" before it can be understood, the company's Chief Product Development Officer Gianmaria Fulgenzi said on Thursday.
PIRELLI PIRC.MI
The tyremaker's shareholders on Thursday appointed with 58.07% of votes a new board dominated by its Italian investor Camfin, following a decision by the Italian government to limit the powers of its larger Chinese investor.
STELLANTIS STLAM.MI
Automakers Stellantis and Nissan Motor 7201.T are in talks to take over some of the assets of the Japanese auto parts supplier Marelli Holdings, Bloomberg News reported on Thursday, citing sources.
TREVI TFI.MI
The construction and engineering company said on Thursday that 99.51% of its €100 million capital increase had been subscribed, raising €99.4 million. Unexercised rights will be offered on Euronext Milan on June 29-30, it added.
DIARY
Milan, "Compete, Innovate, Grow: the new season of industrial districts", with Intesa Sanpaolo Chairman Gian Maria Gros-Pietro and Chief Economist Gregorio De Felice (0830 GMT).
Milan, hearing on the precautionary appeal under Article 700 in the INWIT-TIM case.
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/