Italy - Factors to watch on April 23

STMicroelectronics NV

23/04/2026 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 (*).

For a complete list of diary events in Italy please click on IT/DIA.

ECONOMY

Italy's government on Wednesday cut the country's economic growth outlook and hiked forecasts for the budget deficit and public debt, reflecting surging energy prices and turmoil in the Middle East.

DEBT

Treasury announces sale of 6-month BOT bills, with relative amounts to be auctioned on April 28.

COMPANIES

UNICREDIT CRDI.MI

Italy would be against any decision by UniCredit to move its headquarters or other key offices to Germany as part of a takeover of Commerzbank, Economy Minister Giancarlo Giorgetti said on Wednesday.

(*) BANCA MONTE DEI PASCHI (MPS) BMPS.MI

Cesare Bisoni - part of the slate of candidates that won the majority of the votes at last week's shareholder meeting - is expected to be appointed as the lender's new chairman at Thursday's board meeting, several newspapers reported, indicating that negotiations between backers of returning CEO Luigi Lovaglio and his opponents had failed. The challenging shareholders, which lost out on a bid to elect Fabrizio Palermo as CEO, had pushed to appoint their own candidate for the chairmanship.

(*) GENERALI GASI.MI

The first part of 2026 started positively for the insurer despite a complex geopolitical backdrop, Chairman Andrea Sironi told daily Corriere della Sera in an interview published on Thursday. Asked about the impact of governance changes at MPS, which through Mediobanca MDBI.MI now holds 13% of Generali, Sironi said he did not expect "any short‑term changes", and that he fully respects all shareholders.

Annual shareholders' meeting.

(*) POSTE ITALIANE PST.MI, TELECOM ITALIA (TIM) TLIT.MI

The financial conglomerate is preparing to launch a tender among Italian and European banks to finance up to 2.85 billion euros of the cash component of its public exchange offer for TIM, daily Il Sole 24 Ore reported on Thursday. After several informal expressions of interest, CEO Matteo Del Fante is set to send out a request for proposals to select around 10 lenders, with loan sizes of about 300 million euros per bank, the paper added.

(*) TELECOM ITALIA (TIM) TLIT.MI

Italy's competition authority is expected to open an investigation into the preliminary deal on network sharing between TIM and Swisscom's SCMN.S Italian unit Fastweb to speed up the roll out of 5G infrastructure, newspaper MF reported on Thursday. The deal was announced in January.

STMICROELECTRONICS STMMI.MI

(*) The Franco-Italian chipmaker on Thursday reported first-quarter results above estimates, pointing to signs of recovery in its key semiconductor markets, and forecast further growth in the second quarter.

A conference call is scheduled for 0730 GMT.

(*) LAZIO LAZI.MI

The Rome-based team reached the Coppa Italia final as goalkeeper Edoardo Motta saved four penalties to secure a 2-1 shootout victory over Atalanta after a 1-1 draw in Bergamo on Wednesday left the tie level at 3-3 on aggregate.

(*) STELLANTIS STLAM.MI

Strong sales of electric vehicles more than offset diminishing sales of petrol and diesel cars in March, pushing up new car sales in Europe as Tesla extended a comeback, official data showed on Thursday.

Overall car registrations, a proxy for sales, in the European Union, Britain and the European Free Trade Association were up 11.1% to 1,581,169 vehicles sold in the month, according to the European auto lobby ACEA. Stellantis sales were up 6% in the period.

BANCA SISTEMA BSTA.MI

Banca CF+ said on Wednesday that Italian market regulator Consob had resumed, after a suspension, its review of its takeover bid on Banca Sistema, and that this would run until May 11.

(*) BFF BFF.MI

The bank is preparing an asset securitisation deal worth up to 1 billion euros to comply with demands from the Bank of Italy, MF daily reported on Thursday. The central bank last month appointed two extraordinary commissioners to support BFF's restructuring efforts.

AMPLIFON AMPF.MI

Annual shareholders' meeting (0830 GMT).

AZIMUT HOLDING AZMT.MI

Annual shareholders' meeting.

BPER BANCA EMII.MI

Annual shareholders' meeting (0730 GMT).

SALVATORE FERRAGAMO SFER.MI

Annual shareholders' meeting (0730 GMT).

BRUNELLO CUCINELLI BCU.MI

Annual and extraordinary shareholders' meetings (0800 GMT).

DIARY

Prime Minister Giorgia Meloni attends informal European Union summit in Cyprus (to April 24).

Pope Leo ends his visit to Africa.

Rome, OECD Chief Economist Stefano Scarpetta presents "Economic Survey of Italy".

Rome, Bank of Italy Banking and Financial Supervision Department Head Giuseppe Siani speaks before the parliamentary committee of inquiry on the banking system (1100 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/