Italy - Factors to watch on October 9

Intesa Sanpaolo

09/10/2026 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 (*).

POLITICS
Italy's lower house of parliament gave final approval on Thursday to a fiercely contested electoral reform championed by Prime Minister Giorgia Meloni which could play a key role in the outcome of a national election due next year.

Italy will host next week the annual NATO nuclear deterrence exercise, Steadfast Noon, the country's defence ministry said on Thursday, amid heightened tensions between Russia and the Western military alliance over the war in Ukraine and security in the Baltic region.

ECONOMY
ISTAT to publish industrial output data for August (0800 GMT).

   Italy's government is talking with banks and energy groups over their potential contribution to state finances, Deputy Economy Minister Maurizio Leo said on Thursday, as the government finalises its 2027 budget to be presented next week.

(*) The European Commission pushed back on Thursday against Italian and Greek requests to grant euro zone governments more fiscal leeway related to higher inflation caused by energy prices and support measures to cushion them, saying rules could not be changed all the time.

DEBT
Treasury to sell €8 billion in 12-month BOT bills.

Bank of Italy releases data on banks' lending to non-financial companies for August (0830 GMT).

The Treasury said on Thursday it would offer up to €7 billion in BTP bonds at an auction on October 13.

COMPANIES 
UNICREDIT CRDI.MI
The bank is set to hold an extraordinary board meeting on Friday, two people with knowledge of the matter told Reuters. The lender declined to comment.
(*) Germany's Finance Minister Lars Klingbeil, speaking on the sidelines of the Eurogroup meeting in Luxembourg, said he had "constructive" talks with UniCredit CEO Andrea Orcel telling him that, in the Italian lender's takeover of Commerzbank, Frankfurt should retain a central role and German employee concerns must be taken seriously. 
        
BANKS, M&A
Tuscan lender Banca Monte dei Paschi BMPS.MI was dealt fresh blows on Thursday to its takeover bids for Banco BPM BAMI.MI and Banca Generali BGN.MI, after key shareholder Caltagirone opposed both deals and France's Credit Agricole CAGR.PA said it would not tender its Banco shares.
The announcements are likely to further increase the chances of Italy's largest lender Intesa Sanpaolo ISP.MI succeeding in its own takeover of MPS.

BANCA MONTE DEI PASCHI (MPS) BMPS.MI, GENERALI GASI.MI  
The bank said on Thursday it had received authorisation from insurance regulator IVASS for the acquisition by its subsidiary Mediobanca Premier of a direct qualifying holding exceeding 10% of the share capital of Generali. The transaction is part of the merger by incorporation of Mediobanca MDBI.MI into MPS. 

(*) GENERALI GASI.MI 
Marco Sesana, the insurer's general manager, is close to leaving the group, Il Sole 24 Ore reported on Friday. The matter is expected to be discussed at the October 20 board meeting, with his departure potentially becoming effective in early 2027 following a transition period, with part of his responsibilities taken over by DG and Deputy CEO Giulio Terzariol, the report added. 

POSTE ITALIANE PST.MI
State lender CDP has lowered its stake in Poste to 28.4% from 35%, a bourse filing showed on Thursday.

TREVI FINANZIARIA TFI.MI, WEBUILD WBD.MI
The board of the engineering company said on Thursday the improved takeover price offered by larger rival Webuild falls at the lower end of its fair valuation range.
Webuild said in a statement on Thursday it had raised its stake in Trevi to 27.86%.

(*) RECORDATI RECI.MI 
CVC CVC.AS bought on the market shares representing approximately 0.18% of Recordati's share capital at a price not exceeding €53 euros per Recordati share, a market filing showed on Thursday. 
   
LEONARDO LDOF.MI
British Prime Minister Andy Burnham said on Thursday the UK was open to Germany joining the Anglo-Italian-Japanese jet fighter programme GCAP, led by Leonardo along with BAE Systems BAES.MI and Mitsubishi Heavy Industries 7011.T.
(*) The defence and aerospace group has made itself available to take over the Siena plant of a Turkish white goods and electronics brand Beko, re-employing part of the workers of the site, Italian Industry Minister Adolfo Urso told reporters on Thursday. 

(*) LOTTOMATICA LTMC.MI 
The gambling group said on Thursday the board scheduled a shareholders meeting on November 23 to approve the merger of Italian gaming and entertainment group Cirsa.

DIARY 
Milan, ECB board member Piero Cipollone takes part via video link in conference on Algo-trading & DeFi, Algorithmic Trading, Decentralized Finance and Artificial Intelligence in Capital Markets (1015 GMT).
Turin, Stellantis STLAM.MI CEO Antonio Filosa takes part in a panel discussion with Wayve WYVE.PM CEO Alex Kendall at the Wave conference (0920-1000 GMT). 
Turin, Revolut CEO Nikolay Storonsky speaks with Ferrari RACE.MI Chairman and EXOR EXOR.AS  CEO John Elkann at the Wave by Vento event (1000-1045 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/