Italy - Factors to watch on October 2

Juventus FC SpA

30/09/2026 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 (*).

POLITICS    
Italian Prime Minister Giorgia Meloni said on Thursday she had sent a letter to European Commission President Ursula von der Leyen urging the EU to take into account the impact of higher-than-expected inflation on public finances, arguing that automatic increases in spending on pensions and welfare benefits had significantly altered member states' budget outlooks. The issue would be discussed at upcoming Ecofin and European Council meetings, Meloni added.

(*) DEBT
Italy posted a state sector budget deficit of €27 billion ($30.29 billion) in September compared to a shortfall of €25.49 billion in the same month last year, the Treasury said in a statement on Thursday. 

ECONOMY
ISTAT issues August retail sales data (0800 GMT)

Italy's unemployment rate rose to 6.2% in August while employment levels were little changed during the month, national statistics bureau ISTAT reported on Thursday.

The S&P Global Italy Manufacturing Purchasing Managers' Index (PMI) rose to 50.4 in September from 49.6 in August, the survey showed on Thursday.
        
Tamoil Italia said on Thursday it would reduce fuel prices across its branded service-station network, without quantifying discounts. The measures, aimed at benefiting both consumers and fuel retailers, will remain in force until October 31, it said.

COMPANIES  
(*) MONTE DEI PASCHI DI SIENA BMPS.MI 
Morningstar DBRS has improved the long-term issuer rating and the long-term senior debt rating to BBB (high) from BBB, the bank said on Thursday.

(*) BANCA IFIS IF.MI, DOVALUE DOVA.MI 
The shortlist of bidders for the NPL portfolio of the Italian lender includes Elliott and doValue DOVA.MI, Hoist, and KKR KKR.N with Hipoges, Il Sole 24 Ore reported on Friday, adding that Kruk and Cerberus have reportedly dropped out of the race. Binding offers are expected in the coming weeks, the report added. 
        
ENI ENI.MI
Eni completed the reorganisation of Plenitude's shareholding structure with Ares and EIP in a deal valuing the low carbon unit at €10.75 billion. Following a €1.56 billion capital increase, Eni's stake falls to 65.03%, while Ares and EIP hold 26.24% and 8.73% respectively. The new structure gives Eni and Ares joint control of Plenitude, leading to its deconsolidation from Eni's accounts.
(*) Plenitude is considering entering the Italian market for mobile phone services, Italian news agency Radiocor reported, citing unnamed sources. 
(*) The final investment decision for the Vaca Muerta LNG project in Argentina, in which Eni is a partner, is due to be signed on November 26 in Buenos Aires, CEO Claudio Descalzi said on Thursday. 

(*) POSTE ITALIANE PST.MI, TELECOM ITALIA (TIM) TLIT.MI 
Poste acquired additional Tim shares on the market yesterday, rounding up its stake in the phone group to 86.95%, bringing its closer to the 90% threshold that would allow it to take it private.   

STELLANTIS STLAM.MI
(*) The automaker's sales in Italy rose in September by 12.6% year-on-year to 38,704 units, including the Chinese joint venture Leapmotors, Stellantis said on Thursday, based on transport ministry data elaborared by Dataforce. 
Without Leapmotors, Stellantis' September sales rose by 7.5%, underperforming the Italian market, which was up by 9.9% year-on-year to 139,356 vehicles.
In the first nine months of the year, registrations were up by 8.7% compared to the same period last year, to 1.27 million units. In the same period, Stellantis was up by 13.9% including Leapmotors, and up by 6.2% excluding the Chinese JV.

(*) ITALGAS IG.MI 
Europe's largest gas distributor said on Friday it had agreed to acquire a 22.5% stake in Portuguese gas distribution company Floene from Japan's Marubeni 8002.T and Toho Gas 9533.T for around €120 million.  

(*) ARMANI, M&A
EssilorLuxotttica and L'Oreal are the frontrunners to buy minority stakes in Giorgio Armani while LVMH is less likely to make a move, Corriere della Sera reported on Friday. With a 15% stake up for sale, Essilux could take 5-7% and L'Oreal the rest, according to the newspaper. 

(*) TREVI TFI.MI 
The higher all-share takeover bid ICOP presented last week is still financially inadequate, Trevi's board ruled on Thursday. 

(*) FINCANTIERI FCT.MI, SAIPEM SPMI.MI 
After the shipbuilder's failed plan to acquire Saipem's Sonsub - which makes Hydrone underwater drones - Fincantieri is working with the energy contractor on a joint venture that would bring Sonsub's underwater technology into the naval group's underwater hub, MF daily reported on Friday, citing sources. No timeline has yet been set for the deal as the parties have not yet agreed on a governance structure, the paper added.

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/