Italy - Factors to watch on October 21

Moncler

Today 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
The government approved a raft of security measures on Tuesday including a new offence of violent participation in a demonstration, tougher penalties for rioters, and financial liability for parents whose children take part in vandalism.
(*) Italian Prime Minister Giorgia Meloni said she was not opposed to banning social media use for children under 14 and suggested parliament could revive work on a long-stalled proposal, speaking to daily la Repubblica on Tuesday. 
        
ECONOMY
The production of Italian pasta is under threat as a protest by truck drivers in the south of the country over soaring fuel prices and the cost of living blocks deliveries to factories.
Intesa Sanpaolo ISP.MI CEO Carlo Messina on Tuesday criticised Italian government plans to hike taxes on banks and insurers to help fund the 2027 budget, saying other sectors should help ease the burden of energy costs for households and firms.

DEBT
Orders for Italy's BTP Valore retail bond reached almost €8.6 billion on Tuesday after the first two days of the offer. The sale continues through Friday, unless the Treasury decides to close it earlier.

COMPANIES  
(*) GENERALI GASI.MI, BANCA MONTE DI PASCHI BMPS.MI  
Delfin, the holding company of Italy's Del Vecchio family, is a long-term investor in both the insurer and the bank and is not interested in "positions of power" or seats on the board but rather guaranteeing development and support to the management of the groups, Chair Francesco Milleri said in an interview with la Repubblica published on Wednesday.
       
(*) TELECOM ITALIA (TIM) TLIT.MI 
A consortium led by Italy's Treasury - which includes fibre optic operator Retelit, controlled by Spanish fund Asterion -   remains committed to buying TIM's submarine cable unit Sparkle, the telecoms group said on Tuesday after a deadline to close the deal passed pending a required approval from U.S. regulators.

(*) ENI ENI.MI 
     Norway's Vaar Energi VAR.OL, controlled by Eni, raised its cash dividend for a second consecutive quarter on Wednesday and reported a doubling of its third-quarter operating profit from a year earlier, supported by higher oil and gas prices.

(*) ENI ENI.MI, SNAM SRG.MI 
The Ravenna CCS Phase 2 project, developed by Eni and Snam to build an integrated, multimodal carbon dioxide transport and storage infrastructure, has been selected by the European Commission for funding under the 2025 Innovation Fund – Net-Zero Technologies, in the Large Scale category, the companies said on Tuesday. The development plan envisages reaching a storage capacity of 4 million tonnes of carbon dioxide per year by 2030.

FERRARI RACE.MI
CEO Benedetto Vigna on Tuesday praised Tesla's TSLA.O latest Roadster sports car presentation, saying the redesign showed the auto industry had room for daring innovation even in a mature market.

FERRAGAMO SFER.MI
Revenues at the Italian luxury group fell 3.5% at constant exchange rates in the third quarter as wholesale sales dropped 19.1% from a year earlier, ​the company said on Tuesday.
        
MONCLER MONC.MI
The luxury group releases third quarter results.

(*)M&A - ARMANI
Franco-Italian eyewear maker EssilorLuxottica ESLX.PA would be ready to support Armani during its current transition phase, CEO and Chairman Francesco Milleri told la Repubblica in an interview published on Wednesday, without giving further details.  
      


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/