Italy - Factors to watch on Sept. 1

Prosiebensat 1 Media SE

01/09/2025 05:00

The following factors could affect Italian markets on Monday.

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

Italian Prime Minister Giorgia Meloni said on Sunday she was amazed by comments from French Prime Minister Francois Bayrou accusing Italy of unfair tax competition due to its special low-tax regime for high earners. The exchange renews tensions between the two countries, after Paris summoned the Italian ambassador last month over comments by Deputy Prime Minister Matteo Salvini regarding French President Emmanuel Macron.

BANKS

Italy's ruling coalition is at odds over the idea of including some form of tax on banks in the 2026 budget. Matteo Salvini, leader of the far-right League, proposing last week that banks should "make a contribution" to enable budget tax cuts for middle-earners and companies.

Antonio Tajani, leader of the centrist Forza Italia, told daily MilanoFinanza on Saturday that banks were already taxed sufficiently and any extra burden on them would only be passed on as higher costs for their customers.

The form of any potential bank levy remains vague as parties negotiate ahead of the budget's presentation in the autumn.

ENERGY

The government is working on measures to reduce the cost of natural gas and electricity for companies, to approve in a decree in September or October, daily Corriere della Sera reported on Saturday.

The government wants to reduce the gap between the average wholesale gas price in Italy and that in its European partners,  the newspaper wrote. One approach under review is imposing a cap on the price of electricity produced by hydroelectric plants, it said.

ECONOMY

August HCOB manufacturing PMI data (0745 GMT).

ISTAT releases July unemployment rate data (0800 GMT).

Transport Ministry releases August car sales data (1600 GMT).

August state sector borrowing requirement data.

COMPANIES

MONTE DEI PASCHI BMPS.MI, MEDIOBANCA MDBI.MI

The shareholder take-up in Tuscan lender Monte dei Paschi's (MPS) bid for merchant bank Mediobanca rose to 28.03% as of Aug. 29 from 27.06% the previous day, bourse data showed on Friday.

(*) MPS's board is likely to meet on Monday to decide to improve its offer by adding a cash component to its all-share bid, Corriere della Sera and other dailies reported on Monday.

TELECOM ITALIA TLIT.MI

BlackRock BLK.N, the world's largest asset manager, has raised its stake in the Italian's phone group to 5.1%, a regulatory document seen by Reuters showed on Friday.

(*) STELLANTIS STLAM.MI

The Chrysler parent is recalling 219,577 Ram ProMaster and Doge Journey vehicles in the U.S. due to an issue with the rear-view camera that could diminish the driver's view behind the vehicle, the U.S. National Highway Traffic Safety Administration said on Saturday.

(*) JUVENTUS JUVE.MI

Juventus scraped a 1-0 win at Genoa in their Serie A clash on Sunday, leaving the Turin-based club with maximum points after the first two games of the season.

Separately, Juventus said on Saturday it had agreed to sell defender Nicolo Savona to England's Nottingham Forest for 15.5 million euros ($18.15 million).

(*) LAZIO LAZI.MI

The Rome-based club thrashed Verona 4-0 at the Olympic Stadium on Sunday, leaving it with three points in Serie A after the first two games of the season.

MFE-MEDIAFOREUROPE NV MFEB.MI-PROSIEBENSAT.1 PSMGn.DE

Ends additional period for takeover offer on ProsiebenSat.1 PSMGn.DE shares.

((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/

($1 = 0.8542 euros)