Italy - Factors to watch on November 20

Mfe-mediaforeurope NV

20/11/2025 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.

DEBT

Treasury announces sale of BTP Short and BTPei bonds, with relative amounts to be auctioned on November 25.

(*) Moody's review of Italy on Friday may yield the first rating upgrade for almost a quarter of a century, analysts say, reflecting growing confidence in the public finances of the euro zone's third largest economy.

COMPANIES

LEONARDO LDOF.MI

The Italian defence and aerospace company and Abu Dhabi's EDGE group will launch a joint venture in the United Arab Emirates next year to design, develop and produce defence systems, the companies said at the Dubai Airshow on Wednesday.

(*) BANCA MONTE DEI PASCHI DI SIENA BMPS.MI

The sale of the lender's French subsidiary Monte Paschi Banque to U.S. private equity firm J.C. Flowers could be finalised by the end of the year, MF reported on Thursday.

(*) BANCO BPM BAMI.MI

The outgoing board's slate of candidates for the upcoming board renewal will likely be a compromise between the wishes of the current management and leading shareholder Credit Agricole CAGR.PA, Corriere della Sera reported on Thursday, adding that the French lender may request four or five candidates, as well as a general manager.

Similarly MF reports that Credit Agricole aims for a representation on the board that is proportional to its stake, or five seats, including the chairman.

Separately, MF also reported that talks are underway among the shareholder foundations to strengthen the existing consultation pact - which had fallen to about 6.5% of the capital at the start of 2024 - with the possibility of bringing in pension funds Enasarco and Enpaf, which hold 1.5% and 0.2% respectively.

(*) BANKS

The latest board meeting of the Banca D'Asti Foundation voted against selling the bank outside the region of Piedmont, a move supported by its chairman Livio Negro, La Stampa reported on Thursday. Both Banco BPM BAMI.MI and UniCredit CRDI.MI had expressed interest in the local bank, La Stampa added.

MFE-MEDIAFOREUROPE MFEB.MI

(*) The commercial broadcaster controlled by Italy's Berlusconi family on Thursday reported a drop in operating profit, hit by weak advertising sales and lower margins in its Spanish market, while debt soared following the takeover of German rival ProSiebenSat.1 PSMGn.DE.

LUXURY, PRADA 1913.F

The luxury group's CEO Lorenzo Bertelli said on Wednesday it could consider further acquisitions after completing its purchase of Versace, and did not rule out a potential interest in Giorgio Armani, though he said there have been "no contacts of any kind" so far.

(*) CIR CIRI.MI

The holding company reached on Wednesday a binding agreement with F2i to acquire from its subsidiary F2i Healthcare a 40.23% stake in healthcare provider KOS.

INDUSTRIE DE NORA DNR.MI

First edition of the "ESG Stakeholder Engagement" with CEO Paolo Dellacha, CFO Luca Oglialoro (1330 GMT).

DIARY

Rome, EU Commissioner for Equality, Crisis Preparedness and Management Hadja Lahbib addresses Parliamentary Committee of Inquiry on Femicide (0730 GMT).

Rome, EU Commissioner for Democracy, Justice, Rule of Law and Consumer Protection Michael McGrath addresses Senate Constitutional Affairs and Justice committees and Chamber of Deputies European Union, Industry, Constitutional Affairs, Justice, EU Policies committees on issues within his remit (1230).

        Rome, Milan stock exchange Borsa Italiana CEO Fabrizio Testa addresses Parliamentary Banks Committee on Italian banks mergers.

Rome, Cabinet meeting (1600 GMT).

Rome, event "Dialogues to look ahead: a journey to the heart of social security" (0900 GMT); expected attendees include Labour Minister Marina Calderone, Deputy Economy Minister Maurizio Leo, Deputy Justice Minister Francesco Paolo Sisto, Health Undersecretary Marcello Gemmato.

Milan, 'Finance Day Italia 2025' event on "The Capital Market for Italian small- and medium-sized companies", expected attendees include Unioncamere President Andrea Prete and Economy Undersecretary Federico Freni (0830 GMT).

Assisi, Pope Leo XIV concludes the 81st General Assembly of the Italian Bishops' Conference (CEI); attends meeting with Italian bishops (0830 GMT).

Bologna, "inCittà: changing spaces, growing urban economies" event (1000 GMT); expected attendees include Interior Minister Matteo Piantedosi, EU Commission Vice President Raffaele Fitto.

((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/