Italy - Factors to watch on October 27

Intesa Sanpaolo

Today 05:00

The following factors could affect Italian markets on Tuesday.

        Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

POLITICS
Italy's government aims to approve the 2027 budget on Wednesday, coalition sources said on Monday, while Rome is still negotiating with EU authorities on the so-called "National escape clause" from the bloc's budget rules.
The NEC currently allows temporary higher deficits for investments on defence and the green energy transition, but Rome also wants to use the extra budget leeway to help families cope with surging energy costs. 

DEBT
Treasury holds a bond auction for up to €3.5 billion.
The Treasury said on Monday it would sell up to €7.75 billion in bonds at October 29 auction.
      
COMPANIES  
(*) BANCO BPM BAMI.MI 
The bank will hold a board meeting on Tuesday to discuss its stance at Banca Monte dei Paschi di Siena's BMPS.MI shareholders assembly the following day. According to MF daily, Banco is inclined not to take part in the meeting. The lender holds a 3.7% stake in MPS and is at the same time the target of one of the two takeover offers launched by MPS.

(*) WEBUILD WBD.MI 
The Italian construction group is in one of the groups that have been selected as preferred bidders to build the Zambia section of a railway connecting central Africa's copper and cobalt fields with a port on Angola’s Atlantic coast, Bloomberg reported on Tuesday. 

IVECO IVG.MI
India's Tata Motors TATM.NS takeover bid for the Italian truck maker has cleared the 80% acceptance threshold, reaching 87.8% on the last day of the offer, an Italian stock market filing showed on Monday. The offer is set to be reopened during November 2-6, Iveco added.

RECORDATI RECI.MI 
The takeover offer by CVC CVC.AS and Belgian investment firm GBL GBLB.BR, which ended on Friday, will reopen during November 3-9, with the offerors still paying €53 per tendered share, Recordati said on Monday. 
(*) Respighi HoldCo, the vehicle through which CVC and GBL are acquiring Recordati, has launched a €6.05 billion offering of senior secured bonds in five tranches to finance the transaction, MF daily reported on Tuesday.

UNIPOL UNPI.MI
The insurer said that 98.42% of its planned €2.5 billion capital increase was subscribed at the end of the offer on Monday, for an aggregate amount of €2.46 billion. The capital increase would finance the acquisition of branches from Monte dei Paschi di Siena BMPS.MI if Intesa Sanpaolo's ISP.MI bid for the Siena-based bank succeeds.

(*) FERRETTI YACHT.MI
The yachtmaker said on Tuesday that order intake fell 13.8% year-on-year in the first nine months of 2029, amid geopolitical uncertainty, and lowered 2026 guidance for adjusted EBITDA and adjusted EBITDA margins. 

(*) ENAV ENAV.MI 
The national air traffic control agency is looking to bid for air traffic control services across the world and to make acquisitions, particularly in Italy, in the unregulated segments of consulting, services and software, CEO Igor De Blasio told Il Sole 24 newspaper on Tuesday. 

IREN IREE.MI 
The utility company presents its 2026-2035 business plan (1300 GMT).

MAIRE MTCM.MI
Releases Q3 results, followed by conference call (1630 GMT).

DIARY 
Rome, Forum Moneta conference with Economy Minister Giancarlo Giorgetti, Eni ENI.MI CEO Claudio Descalzi, Terna TRN.MI CEO Pasqualino Monti, Snam SRG.MI CEO Agostino Scornajenchi, Intesa Sanpaolo ISP.MI CEO Carlo Messina, Stellantis' STLAM.MI Europe chief Emanuele Cappellano, Enel ENEI.MI CEO Flavio Cattaneo, Poste PST.MI CEO Matteo Del Fante, Edison EDNn.MI CEO Nicola Monti (0800 GMT). 
Milan, inauguration of A2A's A2.MI new primary electricity substation in Comasina (0900-1800 GMT).
Milan, Great Wall Motor Tech Day on the group's technologies and European growth strategy (1000-1600 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/