Italy - Factors to watch on October 1

Terna Rete Elettrica Nazionale SpA

01/10/2025 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.

ECONOMY

September PMI manufacturing HCOB data (0745 GMT).

Transport Ministry releases September car sales data (1600 GMT).

September state sector borrowing requirement data.

COMPANIES

PIRELLI PIRC.MI

China's Sinochem is open to bids for its Pirelli stake - if the offer comes with a premium - after Italy's government said this week that the Chinese group was not breaching rules meant to protect the tyre maker's autonomy, sources close to the matter told Reuters on Tuesday.

BANCO BPM BAMI.MI

Representatives of Credit Agricole CAGR.PA have discussed with Italian government officials in recent weeks the conditions for a possible tie-up between the French bank's Italian unit and Banco BPM, two people close to the matter said.

Credit Agricole executives met with the Rome officials after the bank sought supervisory clearance in July to own up to 29.9% of Banco BPM and used derivative contracts to increase its holding to just above 20%, one of the people said.

(*) Credit Agricole has hired Matthieu Pigasse, a partner at Centerview Partners, and former Goldman Sachs executive Claudio Costamagna as advisers, Il Sole 24 Ore reported on Wednesday.

(*) BANCO BPM BAMI.MI

Goldman Sachs cut its stake in the Italy's third-largest bank to 5%, including around 4.9% via derivatives, on September 24 from 6.92%, a regulatory filing showed on Tuesday.

MEDIOBANCA MDBI.MI, MONTE DEI PASCHI DI SIENA BMPS.MI

Monte dei Paschi is expected to name JPMorgan banker Vittorio Grilli as the new Mediobanca chair, while Alessandro Melzi d'Eril, CEO of fund manager Anima Holding ANIM.MI, is the lead candidate for the chief executive role, sources told Reuters.

(*) MEDIOBANCA MDBI.MI

Goldman Sachs raised its stake in the Italian merchant bank to 6.65% on September 22 from 5.72%, a regulatory filing showed on Tuesday.

(*) DIASORIN DIAS.MI

The Italian medical diagnostic group is set to invest around 500 million euros in its plants in Europe and the United States over the next five years, CEO Carlo Rosa was quoted as saying by Il Corriere della Sera on Wednesday.

BRUNELLO CUCINELLI BCU.MI

Releases Q3 preliminary results (revenues), followed by conference call (1600 GMT).

DIARY

Prime Minister Giorgia Meloni attends informal EU summit in Copenhagen.

Rome, European Affairs and the National Recovery and Resilience Plan (NRRP) Minister Tommaso Foti addresses Chamber of Deputies on the revision of investments and reforms included in the NRRP (0730 GMT).

Rome, Chamber of Deputies holds "question time" session with Industry Minister Adolfo Urso (1300 GMT).

Rome, Industry Minister Adolfo Urso attends institutional event "Digital technologies and AI for smart and sustainable mobility" (0830 GMT).

Rome, Industry Minister Adolfo Urso chairs meeting on Iveco (1300 GMT); representatives from trade unions, the autonomous province of Bolzano, Emilia-Romagna and Veneto regions, Iveco IVG.MI and Leonardo LDOF.MI have been invited.

Milan, "Italian Energy Summit 2025" starts (0700 GMT); ends on October 2. On Wednesday expected attendees include Environment and Energy Security Minister Gilberto Pichetto Fratin, Eni ENI.MI CEO Claudio Descalzi, Prysmian PRY.MI CEO Massimo Battaini, Snam SRG.MI CEO Agostino Scornajenchi, A2A A2.MI CEO Renato Mazzoncini, Hera HRA.MI Group Executive Chairman Cristian Fabbri, Saipem SPMI.MI CEO Alessandro Puliti, Acea ACE.MI CEO Fabrizio Palermo, Iren IREE.MI Chairman Luca Dal Fabbro, ERG ERG.MI CEO Paolo Merli, Terna TRN.MI CEO Giuseppina Di Foggia, European Investment Bank (EIB) Vice President Gelsomina Vigliotti.

((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/