Italy - Factors to watch on June 25
25/06/2025 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 (*). For a complete list of diary events in Italy please click on IT/DIA. POLITICS President Donald Trump cast doubt on Tuesday over the United States' commitment to defending its NATO partners, suggesting there were "numerous" definitions to the cornerstone of the alliance's mutual defence pact. DEBT Italy's Treasury said on Tuesday it would offer new three-, seven-, and 10-year BTP bonds in the third quarter of 2025. Treasury sells 2.5-3.0 billion euros new 2.10% BTP Short bonds due Aug. 26, 2027; 2.5-3.0 billion euros new 1.10% BTPei bonds due Aug. 15, 2031. Subscriptions close at 0900 GMT. COMPANIES MONTE DEI PASCHI DI SIENA (MPS) BMPS.MI The Italian bank on Wednesday said the European Central Bank had approved its proposed acquisition of rival Mediobanca MDBI.MI, including under a scenario in which it gains a stake of less than 50% in the rival. The European Commission is looking into the Italian state's sale of an MPS stake in November to a group of Italian investors, two sources told Reuters on Tuesday, confirming a Financial Times report. Banca Akros, the broker that handled the sale, said it had complied with rules and practices governing such transactions, and duly processed all correctly submitted orders to buy. (*) MEDIOBANCA MDBI.MI The Italian bank said on Wednesday that insurer Vittoria Assicurazioni had sold its entire 0.27% shareholding in the lender. STELLANTIS STLAM.MI European car sales rose 1.9% year on year in May, data by the European Automobile Manufacturers Association (ACEA) showed on Wednesday. The Franco-Italian carmaker's sales in Europe fell by 3.0%, and its market share decreased to 15.2% from 15.9%. Jefferies on Wednesday raised the rating of the carmaker to 'buy' from 'hold' and raised the target price to 11.50 euros from 9 euros. (*) BANCA IFIS IF.MI, ILLIMITY BANK ILTY.MI The Italian lender said on Wednesday that it had offered a cash premium of 5% per share if its tender offer for Illimity Bank's shares exceeds 90%. FINCANTIERI FCT.MI, LEONARDO LDOF.MI The two companies' Orizzonte Sistemi Navali joint venture has signed a 5-and-a-half-year in-service support contract with the pan-European procurement agency OCCAR for FREMM frigates supplied to the Italian Navy, worth around 764 million euros. SAFILO SFLG.MI The eyewear maker said on Tuesday it would launch a share buyback programme worth up to 18 million euros, starting on June 25 and ending on December 31. ITALGAS IG.MI The Italian gas distributor said on Tuesday that its capital hike of 1.02 billion euros had been fully subscribed. SNAM SRG.MI The Italian gas grid operator said on Tuesday it had successfully placed its first European Green Bond worth 1 billion euros, with a 7-year maturity. DIARY Prime Minister Giorgia Meloni attends NATO summit in The Hague, the Netherlands. Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin addresses Chamber of Deputies Industry and Environment committees on nuclear waste disposal and the identification of areas suitable for the development of renewable energy plants (0630 GMT). Rome, Economy Minister Giancarlo Giorgetti addresses Parliamentary Committee on intelligence matters (COPASIR) (0630 GMT). Rome, Industry Minister Adolfo Urso addresses Parliamentary Committee on intelligence matters (COPASIR) (1200 GMT). Rome, Industry Minister Adolfo Urso gives speech at event "Value and merit: stories of success, courage, talent" (0815 GMT). Rome, Federvini, Italian Federation of Industrial Producers, Exporters and Importers of Wines, Spirits, Syrups, Vinegar, holds annual meeting (0930 GMT); expected attendees include Agriculture Minister Francesco Lollobrigida, Industry Minister Adolfo Urso, Foreign Deputy Minister Edmondo Cirielli. Brescia, A2A A2.MI CEO Renato Mazzoncini and French company Qarnot CEO Paul Benoit present project for urban energy recovery (1230 GMT). ((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/