Italy - Factors to watch on March 26

Hera SpA

26/03/2025 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.

ECONOMY

(*) The European Central Bank must be pragmatic and data-driven in setting its interest rates, governing council member Fabio Panetta said on Wednesday in a letter to the Financial Times.

Panetta, who is the governor of the Bank of Italy, said in the current period of acute uncertainty the ECB should focus mainly on inflation projections rather than on trying to calculate a supposed neutral interest rate.

DEBT

Treasury sells 2.5-3.0 billion euros 2.55% BTP Short bonds due Feb. 25, 2027 and 1.0-1.5 billion euros 1.50% BTPei bonds due May 15, 2029. Subscriptions close at 1000 GMT.

COMPANIES

(*) MFE-MEDIAFOREUROPE MFEB.MI

The television group controlled by Italy's Berlusconi family, has called a board meeting on Wednesday to review a possible bid for German peer ProSiebenSat.1, three sources with knowledge of the matter told Reuters.

BANCO BPM BAMI.MI, UNICREDIT CRDI.MI

A group of Banco BPM investors, holding 6.51% of the lender, said on Tuesday they backed a plan which envisages a standalone growth of the bank, a statement said, indirectly expressing its opposition to a bid launched by UniCredit.

(*) PRYSMIAN PRY.MI

The world's largest cable maker on Wednesday forecast its core profit to reach up to 3.15 billion euros ($3.40 billion) in the next three years, up 64% from 2024, boosted in part by its acquisition of U.S. connectivity device manufacturer Channell.

Company to hold its 'Capital Markets Day' in New York, followed by presentation (1100 GMT).

(*) DOVALUE DOVA.MI

The Italian bad loan manager said on Wednesday it had signed a deal with the National Bank of Greece for a 700-million-euro securitisation involving a Greek portfolio consisting primarily of secured non-performing loans.

SAIPEM SPMI.MI

Moody's on Tuesday upgraded its rating to Ba1 from Ba2, with a positive outlook, saying this reflected the company's improved operating performance.

TERNA TRN.MI

Italy's power grid operator on Tuesday increased its planned investments for the next five years by 7% to 17.7 billion euros and slightly increased its 2028 financial targets. Its CEO said the company could open up capital of its non-regulated activities.

Moody's and S&P confirmed ratings for the company, Baa2 and BBB+ respectively, with a stable outlook.

PIRELLI PIRC.MI

Chinese and Italian shareholders in Pirelli are at odds over the group's governance, two sources said, with the Chinese investor potentially a hurdle for the Italian tyremaker's plans to do more business in the United States.

Releases FY results (preliminary FY results released on Feb. 26).

HERA HRA.MI

Releases FY results, followed by conference call.

POSTE ITALIANE PST.MI

Releases FY results  (preliminary FY results released on Feb. 21).

EXOR EXOR.AS

Board meeting on FY results.

DIARY

Assogestioni expected to release February fund flows data (1000 GMT).

Rome, Chamber of Deputies holds question time session with Infrastructure and Transport Minister Matteo Salvini (1400 GMT).

Rome, Prime Minister Giorgia Meloni attends closing ceremony of Agriculture Ministry event "Agricoltura É" (1745 GMT).

Rome, business lobby Confindustria unit ANIMA presents 'Manifesto of Mechanics 2025' with Industry Minister Adolfo Urso (1700 GMT).

Milan, "Euronext STAR Conference 2025" continues; ends on March 27.

Agnone, Economy Minister Giancarlo Giorgetti attends inauguration ceremony for new sports hall (1030 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/