Italy - Factors to watch on October 28

Unicredit, SpA

Wed 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 (*).

ECONOMY, POLITICS
Italy will approve its budget law for 2027 on Wednesday, Economy Minister Giancarlo Giorgetti said, after successful talks with European Union authorities over granting a temporary increase in the fiscal deficit.

ISTAT releases August industrial sales data (0900 GMT) and September producer price data (1000 GMT)

DEBT
The main credit ratings agencies are likely to re-affirm Italy's sovereign debt ratings in the coming weeks, Economy Minister Giancarlo Giorgetti said on Tuesday.

Italy's Treasury offers €4.5 bln in BOT bills at auction on Wednesday

COMPANIES 
STELLANTIS STLAM.MI 
(*) The Franco-Italian automaker said on Wednesday its operating income rose slightly in the third quarter as the automaker presses ahead with a slow turnaround process, which still generated a €4 billion industrial cash outflow in the period.
Conference call on results at 1200 GMT.

(*) ENEL ENEI.MI 
Spanish power utility Endesa ELE.MC, owned by Enel, said on Wednesday that its net profit for the first nine months of the year rose roughly 15% from the same period last year to €1.96 billion.

INTESA SANPAOLO ISP.MI, MONTE DEI PASCHI BMPS.MI, GENERALI GASI.MI 
Italy's biggest bank Intesa Sanpaolo said on Tuesday it had received the European Central Bank's authorisation to take control of Monte dei Paschi di Siena, in a major step towards launching its €32 billion ($36 billion) takeover offer.
The Common Equity Tier 1 (CET1) ratio requirement set by the ECB for 2027 is 10.01%, below the bank's CET1 of 13.1% at June 30, Intesa said on Tuesday.
Intesa is keen that Generali GASI.MI remain independent and is ready to work alongside the other key investors in the country's biggest insurer to reach this goal, CEO Carlo Messina said on Tuesday.

UNICREDIT CRDI.MI
The Common Equity Tier 1 (CET1) ratio requirement set by the ECB for 2027 is 10.21%, UniCredit said on Tuesday. The bank had a CET1 of 14.26% as of June 30.
(*) Chairman Pier Carlo Padoan will step down at the end of his mandate for personal reasons, the bank said on Wednesday. 

POSTE ITALIANE PST.MI, TELECOM ITALIA TLIT.MI 
The postal service operator does not consider the Brazilian business TIMS3.SA of Telecom Italia (TIM), the former phone monopoly it took over, as strategic, CEO Matteo Del Fante said on Tuesday.

LEONARDO LDOF.MI, FINCANTIERI FCT.MI
Italy is in talks with defence group Leonardo, state railway Ferrovie dello Stato, shipbuilder Fincantieri and Germany's Rheinmetall RHMG.DE over initiatives to support the former Ilva steelworks in southern Italy, government officials said on Tuesday. 

WEBUILD WBD.MI  
The construction group said on Tuesday it had been selected as the preferred bidder for Lot 1B of the Lobito Corridor Railway Project in Zambia.
           
(*) LAZIO LAZI.MI 
The Rome club maintained their unbeaten start to the season and moved provisionally top of the Serie A standings with a 6-2 win at Sassuolo on Tuesday in a frantic game where the hosts had a player sent off and the visitors had two penalties saved.
   
CAMPARI CPRI.MI
The drinks group releases third quarter results.

TECHNOGYM TGYM.MI
The fitness equipment maker releases third quarter results.

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/