Italy - Factors to watch on June 6
06/06/2025 05:00
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 (*).
For a complete list of diary events in Italy please click on IT/DIA.
POLITICS
Italy's foreign minister said on Thursday he was confident that the European Union and the U.S. could reach a trade agreement by a July 9 deadline.
(*) Italians will start voting on Sunday in a two-day referendum on whether to ease citizenship laws and reverse a decade-old liberalisation of the labour market, but the vote may fail to generate sufficient turnout to be deemed valid.
ECONOMY
OECD releases May composite leading indicator data (1000 GMT).
(*) At the upcoming NATO summit in the Hague, Netherlands, NATO will propose to alliance members an overall military spending target of 5% of gross domestic product, with 3.5% of GDP going to core military spending and another 1.5% for defence and security-related investments, Rutte said.
DEBT
Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on June 11.
COMPANIES
(*) UNICREDIT CRDI.MI, BANCO BPM BAMI.MI
UniCredit has proposed to EU antitrust authorities the sale of 200 Banco BPM branches, located mainly in the northern city of Verona, to ease the integration between the two banks and to respect Brussels' conditions for the merger, daily la Repubblica reported on Friday.
STELLANTIS STLAM.MI
The Franco-Italian automaker said on Thursday it had called an extraordinary general meeting (EGM) on July 18 to appoint Antonio Filosa, who last month was named as the new CEO, as an executive board member.
(*) Filosa is set to receive an annual base salary of $1.8 million, according to a document published by Stellantis ahead of the EGM. The amount increases considerably when annual bonuses and long term incentives are included. Filosa's contract has a duration of 5 years, with renewals every two years, the document also showed.
MONTE DEI PASCHI BMPS.MI, MEDIOBANCA MDBI.MI
Luigi Lovaglio, the CEO of the Tuscan bank, expressed confidence on Thursday that the take-up for his bank's bid for Mediobanca would be well above the level of 50% plus one share needed to unlock tax benefits.
MEDIOBANCA, BANCA GENERALI BGN.MI
Calvert and New York City Comptroller Brad Lander will vote in favour of Italian merchant bank Mediobanca's bid for private bank Banca General on June 16, the two U.S. funds said on their respective websites on Thursday.
ENERGY, ENI ENI.MI
Italy's Energy Minister Gilberto Pichetto Fratin said on Thursday he was working on a decree which sets out 200 million euros ($228.60 million) to fund the conversion of refineries and biorefineries to renewable fuels.
(*) ACEA ACE.MI
The group said on Thursday it established a new business unit a.Gas (Acea Gas), focused on its gas distribution activity. Mauro Alfonso, CEO of Umbria Distribuzione Gas and chairman of ADistribuzione Gas, is expected to be appointed as CEO of the the unit, Il Sole 24 Ore reported on Friday.
GIOCAMONDO STUDY GMS.MI
The Italian operator in the study holiday sector debuts on Euronext Growth Milan.
DIARY
Rome, Prime Minister Giorgia Meloni meets European Council President Antonio Costa (1430 GMT).
Rome, Prime Minister Giorgia Meloni meets Argentina President Javier Milei (1730 GMT).
Rome, 6th edition event "Phygital sustainability expo; the European general meeting on the culture of sustainability" ends; on Friday expected attendees include EU Environment Commissioner Jessika Roswall, state lender Cassa Depositi e Prestiti (CDP) CFO Fabio Massoli.
Rome, Telecom Italia TLIT.MI (TIM) Chairwoman Alberta Figari and Bulgari CEO Jean-Christophe Babin attend inauguration ceremony of new of the square 'Piazza Augusto Imperatore' (0800 GMT).
Milan, A2A A2.MI CEO Renato Mazzoncini and Environment and Energy Security Minister Gilberto Pichetto Fratin attend second of three-day festival "Starting from scratch, the numbers for the future of the planet".
((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/
($1 = 0.8749 euros)