Italy - Factors to watch on October 13

YPF SA

13/10/2025 05:00

The following factors could affect Italian markets on Monday.

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

The Italian government will defend its golden powers aimed at shielding strategic assets, its economy minister said on Friday, as Brussels prepares to challenge the legislation.

DEBT

Credit ratings agency S&P Global said it had reviewed Italy and left its sovereign debt rating unchanged at BBB+ with a stable outlook.

COMPANIES

(*) STELLANTIS STLAM.MI

Some of the world's biggest carmakers, Stellantis included, are facing a pivotal trial at London's High Court on Monday, with lawyers representing 1.6 million claimants accusing them of cheating diesel emissions tests, a decade on from Volkswagen's 'dieselgate' scandal.

LEONARDO LDOF.MI

The military-vehicle joint venture between the Italian defence group and Germany's Rheinmetall has won a 700 million euro order from the Italian army for Lynx wheeled armoured combat vehicles, Il Fatto Quotidiano reported on Sunday.

(*) INTERPUMP ITPG.MI

The Italian high-pressure pump maker could beat analyst expectations on gross operating margin this year, CEO Fulvio Montipo said in an interview with Monday's Corriere Economia, adding he expects to make a couple of acquisitions before year-end. Montipo also said U.S. tariffs had so far a limited impact on business.

(*) DIASORIN DIAS.MI, RECORDATI RECI.MI

The Italian pharmaceutical industry expects to close 2025 with production nearing 70 billion euros and exports at more than 65 billion euros, both up by 20% year-on-year, Marcello Cattani, president of industry group Farmindustria, said in an interview with La Stampa published on Monday.

U.S. tariffs of 15% have had so far no impact on business and will mostly be passed on to U.S. consumers, Cattani said, adding that a hike in tariffs to 100% would deprive the U.S. of vital medicines and vaccines.

BANKS

Italian lenders face temporarily higher taxes on profits as the government is leaning towards extending a measure adopted last year that forced lenders to spread tax credits stemming from past losses over a longer period of time.

The government intends to collect resources to fund its 2026-2028 budget by again changing the terms allowing banks to use deferred tax assets (DTAs) to lower their tax bills, Forza Italia party senator Maurizio Gasparri said in a statement.

ENI ENI.MI

The Italian major said on Friday it had finalized with Argentina's YPF a engineering agreement on a Vaca Muerta liquefied natural gas (LNG) project.

FASHION

Diego Della Valle, founder and chairman of the Italian luxury group Tod's, said on Friday that investigations into Italy's fashion supply chain risk damaging the country's global reputation for top brands and quality products.

DIARY

Milan, Lombardy region business lobby unit Assolombarda holds annual meeting; expected attendees include Shazam co-founder Dhiraj Mukherjee, Industry Minister Adolfo Urso.

((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/