Italy - Factors to watch on June 19
19/06/2025 05:00
The following factors could affect Italian markets on Thursday. 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 digital euro will be designed in a way that poses no threat to the overall liquidity held by the banking system, top European Central Bank policymaker Fabio Panetta said, adding that the ECB could anyway counter any hit to liquidity. The United States' "confrontational" trade stance towards Europe is a consequence of U.S. efforts to give Russia a seat in international forums and weaken its ties with China, Panetta also said on Wednesday. Panetta told a student conference in Milan he believed the European Union was paying the price for taking a firm stance against Russia in light of the war in Ukraine. COMPANIES UNICREDIT CRDI.MI, MEDIOBANCA MDBI.MI, BANCA MONTE DEI PASCHI BMPS.MI , Milan state prosecutors have heard testimony from UniCredit CEO Andrea Orcel and a Mediobanca executive as they look into the government's sale of a 15% stake in Monte dei Paschi di Siena to a small group of investors in November, a source with knowledge of the matter said. (*) UNICREDIT CRDI.MI, BANCO BPM BAMI.MI EU antitrust regulator is expected to approve UniCredit's bid for Banco BPM on Thursday, subject to conditions such as the sale of branches, two Italian newspapers reported. However, "no decisions will be taken by the European Union" on the conditions set out by the Italian government under the golden power rules, EU Commission spokeswoman Arianna Podestà was quoted as saying by daily MF. (*) SAIPEM SPMI.MI The oil service group said on Thursday it had been awarded a FEED (Front End Engineering Design) contract by Sonatrach for the Phosphate Integrated project for fertilizer production in Algeria. (*) ILLIMITY ILTY.MI, BANCA IFIS IF.MI The digital bank could issue a profit warning due to possible further writedowns, the daily MF said on Thursday. The board has not yet decided whether to announce this immediately or wait for the quarterly results in August, when the Banca Ifis bid for illimity will be concluded. The newspaper added that illimity did not respond to a request for comment. (*) BIALETTI BIA.MI The Italian market regulator Consob said on Wednesday it had temporarily suspended the NUO Octagon's bid for the inventor of the octagonal moka coffee pot, requesting additional information. ITALGAS IG.MI Ends capital increase. DIARY Economy Minister Giancarlo Giorgetti attends Eurogroup meeting in Luxembourg. Rome, insurance supervisor IVASS presents its annual report on its activities in 2024 (0930 GMT); President Luigi Federico Signorini presents his considerations. Rome, Industry Minister Adolfo Urso attends inauguration ceremony of "AI Hub for Sustainable Development, preparatory work" (afternoon). Rome, Industry Minister Adolfo Urso gives speech at "The Second Annual Rome Conference on AI, Ethics, and Corporate Governance" (0830 GMT). Rome, event on "Energy Transition: a common project for Italy" with Environment and Energy Security Minister Gilberto Pichetto Fratin, energy authority ARERA President Stefano Besseghini (0800 GMT). Milan, 3° edition "Young factor: a dialogue between youth, economy and finance" conference ends (0730 GMT); on Thursday expected attendees include UBS Group UBSG.S Italian CEO Sergio Ermotti, UniCredit CRDI.MI CEO Group Andrea Orcel, German Federal Bank President Joachim Nagel, European Central Bank (ECB) Vice President Luis de Guindos. Milan, Equita EQUI.MI and Bocconi University hold event "Financial eco-systems and the development of the common benefit" (1430 GMT); Equita CEO Andrea Vismara delivers opening address; expected attendees include Milan Stock Exchange CEO Fabrizio Testa, OECD representative Carmine Di Noia, Economy Undersecretary Federico Freni; Equita Chairman Sala Biglieri and Assicurazioni Generali Chairman Andrea Sironi deliver closing addresses. Florence, ECB board member François Villeroy de Galhau gives speech "Credible but not stable; in praise of agile monetary policy" at European University Institute (EUI) (0830 GMT). Messina, Foreign Ministry ends celebration for the 70th anniversary of the 'Messina Conference'; on Thursday a ministerial meeting chaired by Foreign Minister Antonio Tajani; expected attendees include Foreign or European Affairs Ministers from France, Albania, Bosnia and Herzegovina, Croatia, Kosovo, North Macedonia, Malta, Moldova, Poland, Serbia, EU Commissioner for Enlargement Marta Kos. ((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/