Italy - Factors to watch on July 3

Recordati Industria Chimica e Farmaceutica

03/07/2026 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 (*).

ECONOMY
Italy's June services and composite PMI data by S&P Global (0745 GMT). 
ISTAT releases May retail sales data (0800 GMT).

COMPANIES  
UNICREDIT CRDI.MI
The Italian lender's exchange offer for Commerzbank CBKG.DE ends on Friday after a two-week extension dictated by German takeover laws. The offer concluded with a 12.5% take-up but UniCredit, which already owned 26.7% of Commerzbank when it launched its low-ball bid, holds derivatives that can further increase its holding.

RECORDATI RECI.MI
The pharmaceutical company said on Thursday that Italian market watchdog Consob has restarted its review of the document for the offer launched by CVC and GBLB on the Italian group.
Consob now has until July 10 to approve the bid.

(*) STELLANTIS STLAM.MI 
U.S. sales of light vehicles with Fiat-Chrysler brands rose 5.9% in the second quarter of 2026 compared to the same period last year, company filings and Reuters calculations showed on Thursday.

(*) PIRELLI PIRC.MI 
Czech business leaders Michal Strnad and Pavel Tykac are interested in buying part of the stake held by China's Sinochem 600500.SS in the Italian tyremaker, daily Corriere della Sera reported on Friday.

(*) SAIPEM SPMI.MI 
An Australian watchdog said on Friday the proposed merger between energy contractors Subsea7 SUBC.OL and Saipem SPMI.MI will proceed to a Phase 2 review, citing concerns that a deal could trim competition in domestic offshore oil and gas projects.

(*) TINEXTA TNXT.MI 
Zinc BidCo, the investment vehicle backed by Advent and Nextalia, said on Thursday it is set to hold more than 90% of the company's share capital at the end of its bid on the digital services group, and will therefore exercise its right to acquire the remaining shares of the company and will proceed to delist it.

DIARY 
Trade union FIM-CISL presents a report on Stellantis' production in Italy in the second quarter. (0900 GMT)


        
  
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/