Italy - Factors to watch on December 3

Helyx Industries SpA

03/12/2025 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 (*).

For a complete list of diary events in Italy please click on IT/DIA.

POLITICS

Italy's government is set to delay the approval of a decree that would allow Rome to prolong military supplies to Ukraine into next year, sources close to the matter said on Tuesday.

Belgian police on Tuesday detained former European Union foreign policy chief and former Italian foreign minister Federica Mogherini as part of a fraud investigation that included raids at several sites, three sources familiar with the probe said.

ECONOMY

October services PMI HCOB data (0845 GMT).

DEBT

Treasury holds buy back up to 7.0 billion euros in following BTP bonds: 3.20% BTP bonds due January 28, 2026; 4.50% BTP bonds due March 1, 2026; 3.80% BTP bonds due April 15, 2026; CCTeu bonds due April 15, 2026; 0.55% BTP Italia bonds due May 21, 2026; 3.10% BTP bonds due August 28, 2026; 3.85% BTP bonds due September 15, 2026.

COMPANIES

FTSE MIB share index release results of quarterly review effective as of December 22.

SAIPEM SPMI.MI

Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 SUBC.OL and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday, public documents seen by Reuters show.

STELLANTIS STLAM.MI

The Trump administration will propose on Wednesday a significant rollback of fuel economy standards set by former President Joe Biden last year, in its latest push to make it easier for automakers to sell gas-powered cars, sources told Reuters.

(*) ENEL ENEI.MI

Morgan Stanley cuts to 'underweight' from 'equal weight' and raises target price to 8.6 euros from 8.3 euros.

(*) ITALGAS IG.MI

Morgan Stanley cuts to 'equal weight' from 'overweight'.

(*) BUZZI BZU.MI

JP Morgan cuts to 'neutral' from 'overweight', raises target price to 58 euros from 54 euros.

(*) DOVALUE DOVA.MI

The Italian bad loan manager said on Wednesday it had signed  a new strategic agreement with Banco Santander SAN.MC to manage new flows of non-performing loans (NPLs) in Spain from January.

A2A A2.MI

Unveils its "Climate Transition Plan" in Milan (0930 GMT).

(*) JUVENTUS JUVE.MI

The Turin giants won 2-0 at home against Udinese on Tuesday in the Coppa Italia round of 16.

ULISSE BIOMED UBM.MI

The Italian healthcare and biotech company said on Tuesday that its shareholders had approved a name change to 'Helyx Industries'.

DIARY

Prime Minister Giorgia Meloni attends 46° Gulf Cooperation Council summit in Manama, Bahrain.

Rome, Space Economy, Submarine Cables & Cybersecurity conference (from 0800 GMT); expected attendees include Defence Minister Guido Crosetto, EU Commissioner for Tech Sovereignty Henna Virkunnen, Industry Minister Adolfo Urso, National Cybersecurity Agency (ACN) Director General Bruno Frattasi, Fincantieri FCT.MI CEO Pierroberto Folgiero, Thales Alenia Space Italian CEO Giampiero Di Paolo, Telespazio CEO Gabriele Pieralli, Cabinet Undersecretary Alessio Butti; Foreign Minister Antonio Tajani delivers closing address.

Rome, manufacturing industries association Confimi holds public assembly (from 0930 GMT). Prime Minister Giorgia Meloni, Economy Minister Giancarlo Giorgetti, Foreign Minister Antonio Tajani, Energy Minister Gilberto Pichetto Fratin to send videomessages. Industry Minister Adolfo Urso expected to take part.

Rome, civil aviation authority ENAC inaugurates its renovated headquarters (1030 GMT); expected attendees include ENAC President Pierluigi Di Palma, Transport Minister Matteo Salvini.

Rome, Transport Minister Matteo Salvini, Industry Minister Adolfo Urso, Energy Minister Gilberto Pichetto Fratin and EU Affairs Minister Tommaso Foti take part in question time session in the Chamber of Deputies (from 1400 GMT).

Rome, Eni ENI.MI Chairman Giuseppe Zafarana gives speech on "Security and Energy Transition: New Global Balances and Resilience Strategies" at Center for American Studies (1400 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/