Italy - Factors to watch on March 4

Reuters03-04 15:44
Italy - Factors to watch on March 4

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's Prime Minister Giorgia Meloni on Tuesday met the chief executives of energy companies Eni ENI.MI and Snam SRG.MI to discuss how to mitigate the impact of the Iran crisis on energy security and prices, her office said.

ECONOMY

February services PMI HCOB data (0845 GMT).

ISTAT releases January unemployment rate flash data (0900 GMT) and final Q4 2025 GDP data (1000 GMT)

DEBT

Treasury continues offer of six-year 'BTP Valore' bonds due March 10, 2032 for the retail market; ends on March 6, barring early closure.

COMPANIES

(*) BANCA MONTE DEI PASCHI DI SIENA BMPS.MI

The Italian lender is expected to finalise later on Wednesday a slate of nominees for a new board that excludes current Chief Executive Luigi Lovaglio, a person close to the matter said.

(*)STELLANTIS STLAM.MI

The automaker is withdrawing from Tesla's TSLA.O European CO2 emissions pool, Italian daily MF reported on Wednesday, citing a European Commission document. MF said Stellantis was counting on the expected increase in the electric‑vehicle sales of its Chinese partner Leapmotor 9863.HK to help it meet European targets and cut the risk of fines.

FINECOBANK FBK.MI

(*) The Italian digital bank and money manager said on Wednesday it would use artificial intelligence to expand its client base and cut costs under a strategy through 2029, aiming to sharply grow the pace at which it gathers new money.

Capital Markets Day at 0800 GMT.

ITALGAS IG.MI

(*) The Italian gas distributor reported on Wednesday a full-year net profit of 674.5 million euros ($782.0 million), up 33.1% compared to 2024, driven by the integration of 2i Rete Gas, after the acquisition was finalised in July. Conference call at 1400 GMT.

(*)EDISON EDNn.MI

U.S. funds KKR KKR.N, GIP and Apollo have shown interest in investing in the Italian unit of France's EDF, daily Il Sole 24 Ore said on Wednesday.

EDF is moving ahead with a possible listing or sale of a stake in Edison, three sources with knowledge of the matter have previously told Reuters.

BANCO BPM BAMI.MI

The bank on Tuesday unveiled the slate of candidates that its outgoing board will propose for board renewal, including the current chief executive and chairman, both expected to secure new three‑year mandates.

The list did not include any representatives of top shareholder Credit Agricole CAGR.PA, indicating the French banking group would file its own slate to strengthen its influence under Banco BPM's new rules for appointing the board.

LUXURY

German group Katjes International has signed a deal to buy a stake of around 27% in Italian fashion group Missoni.

AMPLIFON AMPF.MI

Releases FY results, followed by conference call (afternoon).

CAMPARI GROUP CPRI.MI

Releases FY results.

MAIRE MTCM.MI

Releases FY results, followed by 'Capital Markets Day' (1400 GMT).

BANCA GENERALI BGN.MI

Board meeting on FY results (FY preliminary results released on February 11).

DIARY

Rome, ECB President Christine Lagarde starts three-day visit to Italy. Takes part in closed-door event at the Bank of Italy, "Jobs Council Meeting – World Bank" along with Prime Minister Giorgia Meloni and Economy Minister Giancarlo Giorgetti.

Rome, Prime Minister Giorgia Meloni meets United Arab Emirates Foreign Minister Abdullah bin Zayed Al Nahyan (1700 GMT).

Rome, "Laying the Groundwork for Jobs in Africa: Core Infrastructure & Business Environments" conference at the Bank of Italy. Bank of Italy Governor Fabio Panetta gives welcome speech (1500 GMT), Prime Minister Giorgia Meloni Singapore President Tharman Shanmugaratnam, World Bank President Ajay Banga give keynote speeches (1505 GMT), Eni CEO Claudio Descalzi speaks in panel discussion (1600 GMT).

Rome, 9th edition "Italy-Africa Business Week (IABW)" with Foreign Minister Antonio Tajani and Foreign Deputy Minister Edmondo Cirielli.

Rome, Telecom Italia (TIM) TLIT.MI CEO Pietro Labriola gives speech "When the past no longer guides us, we need speed, focus and action" (1530 GMT).

Rimini, Edison EDNn.MI CEO Nicola Monti attends event "Energy, industry, growth" (1500 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/

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