Italy - Factors to watch on April 1
01/04/2025 05:00
The following factors could affect Italian markets on Tuesday. 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 (*) Italy's Prime Minister Giorgia Meloni reacted on Tuesday to the conviction of French far right leader Marine Le Pen for embezzlement. "No one who cares about democracy can rejoice at a ruling that strikes the leader of a major party and deprives millions of citizens of representation," she told daily Il Messaggero. (*) Italy is pressing ahead with a plan to set up its own low-orbit satellite constellation, a source close to the matter told Reuters on Monday. ECONOMY March PMI manufacturing HCOB data (0745 GMT). ISTAT releases February unemployment rate data (0800 GMT). Transport Ministry releases March car sales data (1600 GMT). March state sector borrowing requirement data. COMPANIES (*) Italy is considering raising the ownership thresholds that trigger mandatory takeover bids in public companies, three sources familiar with the matter told Reuters late on Monday, as part of plans to spur the country's underdeveloped capital market. (*) STELLANTIS STLAM.MI U.S. President Donald Trump said he had met the Franco-Italian carmaker's chairman John Elkann for a second time to discuss environmental standards, daily Il Messaggero reported on Tuesday (*) POSTE ITALIANE PST.MI, TELECOM ITALIA TLIT.MI The postal service operator is considering having at least two of its representatives on the former Italian phone monopoly, daily MF reported on Tuesday. Poste's general manager Giuseppe Lasco is one of the possible candidates, the newspaper said. (*) GENERALI GASI.MI Shareholders of Generali and the government are increasing pressure on the insurer's CEO, Philippe Donnet, to retreat from a proposed asset management partnership with France's BPCE's Natixis, daily La Stampa reported on Tuesday. Mediobanca, Generali's largest shareholder, and various players on the French side, have also expressed doubts about the deal, La Stampa added. (*) MONTE DEI PASCHI BMPS.MI, MEDIOBANCA MDBI.MI The Tuscan bank's shareholder Algebris Investments will vote in favour of a proposed share issue to fund Monte Paschi's bid for Mediobanca, Algebris' founder Davide Serra was quoted as saying by several Italian newspapers on Tuesday. (*) DOVALUE DOVA.MI The Italian bad loan manager said on Tuesday it had been awarded the exclusive management of two Cypriot non-performing loans portfolios with a combined gross book value of around 350 million euros. (*) ENAV ENAV.MI The Italian air traffic controller said on Tuesday it aimed to reach an EBITDA of 361 million euros by 2029, and to remunerate shareholders with a dividend of 32 eurocents per share. Company to hold Capital Markets Day on FY results, 2025-29 strategic plan (1300 GMT) DIARY Rome, Foreign Minister Antonio Tajani and Defence Minister Guido Crosetto address Senate and Chamber of Deputies Foreign Affairs and Defence committees (1100 GMT). Rome, Defence Minister Guido Crosetto meets delegation from the General Council of Italians Abroad (CGIE) (1300 GMT). Rome, Justice Minister Carlo Nordio addresses Special Committee on Racism and Anti-Semitism (1000 GMT). Rome, Industry Minister Adolfo Urso attends presentation of the campaign "Amadori celebrates Italian excellence" (1700 GMT). Rome, ISTAT President Francesco Maria Chelli addresses Demographic Transition Committee (1100 GMT). Rome, Fincantieri FCT.MI holds event "On the way to Net Zero" with CEO Pierroberto Folgiero (0730 GMT). Rome, easyJet EZJ.L and Aeroporti di Roma hold inauguration ceremony of new base of easyJet at airport 'Leonardo da Vinci' with easyJet CEO Kenton Jarvis, Aeroporti di Roma CEO Marco Troncone, Tourism Minister Daniela Santanche (0830 GMT). Rome, research council (CNR) President Maria Chiara Carrozza and ISTAT President Francesco Maria Chelli deliver opening addresses at presentation "WeMed 2024, society, economy and environment in the Mediterranean" (1300 GMT). Rome, INWIT INWT.MI holds inauguration ceremony of 5G in Jubilee stations on the Metro A with INWIT Director General Diego Galli, Telcom Italian TLIT.MI (TIM) CEO Pietro Labriola, iliad ILIAD.UL CEO Benedetto Levi (0930 GMT). Milan, Unipol Group UNPI.MI Chairman Carlo Cimbri attends a book presentation "Unipol Tower Group headquarters Milan" (1630 GMT). Turin, Infrastructure and Transport Minister Matteo Salvini attends news conference "M2 at the start: innovation and sustainability the priorities for the choice of the new train system’ (1300 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/