Italy - Factors to watch on February 20
20/02/2026 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 (*).
For a complete list of diary events in Italy please click on IT/DIA.
POLITICS
Prime Minister Giorgia Meloni has accused Italy's courts of undermining her efforts to curb illegal migration, ramping up tensions with the judiciary ahead of a referendum on the justice system set for March.
ECONOMY
An Italian judge on Thursday ordered the local arm of Spanish food delivery service Glovo, which is currently under court administration, to "regularise" 40,000 delivery workers, according to the court order seen by Reuters.
DEBT
Treasury announces sale of 6-month BOT bills, with relative amounts to be auctioned on February 25.
COMPANIES
UNIPOL UNPI.MI
(*) The insurer reported a 36.8% rise in its full-year net profit on Friday, mainly driven by a strong performance in its core insurance business and a contributions from soon-to-be-merged BPER EMII.MI and Banca Popolare di Sondrio BPSI.MI.
A media conference call is scheduled at 0900 GMT.
(*) MONTE DEI PASCHI DI SIENA BMPS.MI
CEO Luigi Lovaglio and Chairman Nicola Maione are among the candidates on the slate of candidates prepared by the outgoing directors for the new board, which will be renewed in mid-April, MF reported pm Friday. It added that the intention by the current board is to propose to confirm about half or two thirds of the current administrators.
FERRARI RACE.MI
Italy's luxury car maker said on Thursday it will propose a dividend of 3.615 euro per ordinary share, an increase of about 21% from last year and amounting to a total payout of roughly 640 million euros.
MONCLER MONC.MI
Revenues at the Italian luxury outerwear group rose 7% at constant exchange rates in the fourth quarter, above analysts' expectations, helped by solid growth in Asia and in the Americas. Full-year revenues also increased, but 2025 operating profit declined slightly to 913.4 million euros ($1.07 billion), down 0.3%.
The company said expects price increases for both brands of around 3% this year.
(*) TELECOM ITALIA TLIT.MI
Deutsche Bank on Friday cut the phone group to 'hold' from 'buy', and raised the target price to 0.64 euros from 0.6254 euros.
DIARY
Grosseto, 6th edition of 'Forum in Masseria' (1400 GMT); ends on February 21. On Friday expected attendees include farming association Confagricoltura President Massimiliano Giansanti, Culture Minister Alessandro Giuli and Environment and Energy Security Minister Gilberto Pichetto Fratin.
Venice, ASSIOM FOREX starts 32nd congress (1300 GMT); ends on February 21.
((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/