Italy - Factors to watch on April 22

Terna Rete Elettrica Nazionale SpA

22/04/2026 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

Italy has summoned the Russian ambassador to protest against insults directed at Prime Minister Giorgia Meloni by a pro-Kremlin Russian television host, Rome's foreign minister said on Tuesday.

ECONOMY

Italy aims to bring its budget deficit below the European Union's 3% of GDP ceiling this year despite a weakening growth outlook due surging energy costs and Middle East turmoil, sources close to the matter said on Tuesday, on the eve of the publication of the government's new forecasts for gross domestic product and public finances.

The document is expected to forecast that under an unchanged policy scenario the euro zone's third largest economy will grow by 0.5% this year and 0.6% in 2027, the sources said, down from targets of 0.7% and 0.8% set by the government in September.

The budget deficit is seen falling to around 2.8% of GDP this year from 3.1% in 2025, and to around 2.6% in 2027, broadly in line with the targets set last autumn.

(*) Italy's 2025 budget deficit will be confirmed at 3.1% of gross domestic product when national statistics bureau ISTAT and Eurostat publish the data at 0900 GMT, financial daily Il Sole 24 Ore reported on Wednesday, citing economy ministry sources.

DEBT

Italy's Treasury said on Tuesday it would sell up to 2.5 billion euros in short-term BTP bonds at an auction on April 24.

COMPANIES

MONCLER MONC.MI

The Italian luxury outerwear maker on Tuesday posted 6% year-on-year revenue growth at current foreign exchange rates in the first quarter, driven by strong direct-to-consumer (DTC) and Asia performance, while EMEA growth was subdued. A company executive said DTC sales had been softer since March due to weaker tourism in Europe.

SAIPEM SPMI.MI

The Italian energy servicer on Tuesday confirmed its 2026 guidance as it posted an adjusted EBITDA of 434 million euros in the first quarter and said the prolonged closure of the Strait of Hormuz could impact the delivery of certain components critical to its projects globally.

Conference call on Q1 results.

SAFILO SFLG.MI

The Italian eyewear maker said on Tuesday it signed an exclusivity agreement with Bolle to buy U.S. brands SPY+ and Serengeti.

TERNA TRN.MI, ENI ENI.MI

The Italian grid operator said on Tuesday its outgoing CEO, Giuseppina Di Foggia, will waive her claim to 7.3 million euros ($8.56 million) of severance pay in order to take up a new post as chair of energy group Eni.

(*) ENI

Norwegian oil company Vaar Energi VAR.OL - a subsidiary of  Eni - on Wednesday reported a lower-than-expected operating profit for the first quarter, while maintaining its dividend and capital spending guidance.

DIARY

Rome, cabinet meeting on multi-year budget framework (DFP), containing new forecasts for gross domestic product and public finances.

((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/