Italy - Factors to watch on September 10

STMicroelectronics

10/09/2026 05:00

The following factors could affect Italian markets on Thursday.

        Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

ECONOMY
Italy will likely extend until the end of September a cut in excise duties on diesel that would otherwise expire on Thursday, Deputy Prime Minister Matteo Salvini said on Wednesday at a conference on next year's budget.
(*) ISTAT releases July industrial output data (0800 GMT).

DEBT
The Treasury offers on Thursday €3–3.5 billion of the fifth tranche of the 3-year BTP, €3–3.5 billion of the 7-year BTP, and €500–750 million of the eighth tranche of the 50-year BTP.
(*) Fitch's upgrade of Portugal's debt last week, its second in a year, marked the latest promotion among the five euro zone countries labelled the PIIGS (Portugal, Ireland, Italy, Greece and Spain) during Europe's 2011 debt crisis.

COMPANIES  
WEBUILD WBD.MI 
The construction group said on Wednesday it had filed a complaint with market watchdog CONSOB over the publication of "false and misleading news", after a report by daily Il Fatto Quotidiano sent its share price plunging, losing almost 8% at the end of the day's trading.
The company denied the newspaper's account that it was seeking €22 billion in "extra costs" from the Italian government, saying its claim stemmed from "contractual obligations" and "contractual advances" on rail infrastructure work. It also ruled out any impact on its financial results, and confirmed its full-year guidance.
(*) In the letter making its requests to the government, first reported by Il Fatto Quotidiano, Webuild warned about a "serious economic and financial imbalance" stemming from the late payments, daily MF reported on Thursday. To cope with the situation, the company said it resorted to bank financing secured against receivables, adding that this option is "now largely exhausted".

(*) INTESA SANPAOLO ISP.MI, BANCA MONTE DEI PASCHI DI SIENA (MPS) BMPS.MI, BANCO BPM BAMI.MI, BANCA GENERALI BGN.MI 
Intesa is scheduled to hold an extraordinary shareholders' meeting on Thursday, largely expected to approve a proposal to increase the share capital to serve the bank's public tender and exchange offer for MPS.
MPS said overnight it filed with Italian markets regulator Consob the documents for its two takeover offers for Banco BPM BAMI.MI and Banca Generali BGN.MI - through which it is trying to resist Intesa.
The government will not intervene with its scrutiny "golden powers" on Intesa's offer for MPS before the deal is analysed by the European Central Bank and the European Commission, La Stampa daily reported on Thursday. 

STMICROELECTRONICS STMMI.MI 
About 80% of the more than $2 billion in AI data-centre revenue STMicroelectronics is targeting for 2027 will come from chips that move data through fibre-optic links, its finance chief said on Wednesday.

(*) THE ITALIAN SEA GROUP TISGR.MI 
The troubled yacht maker said on Wednesday that audit firm BDO Audit Services has said it is unable to express an opinion on the company's financial statements and unable to express a conclusion on the group's sustainability statement. 

CEMENTIR CEMI.MI 
The cement producer said on Wednesday its binding offer to buy CSN Cimentos from Brazilian steelmaker CSN CSNA3.SA had not been accepted, and added it would continue looking for further opportunities in South America.


DIARY 
Rome, cabinet expected to meet to extend cut on diesel fuel excise duties.
New York, Stellantis STLAM.MI CEO Antonio Filosa takes part in Jefferies Global Industrials Conference (1730 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/