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Italy - Factors to watch on April 22
Italy - Factors to watch on April 22
About this update from Terna S.p.a.
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 .POLITICSItaly 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.ECONOMYItaly 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.DEBTItaly'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.COMPANIESMONCLER MIL:MONCThe 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 MIL:SPMThe 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 MIL:SFLThe Italian eyewear maker said on Tuesday it signed an exclusivity agreement with Bolle to buy U.S. brands SPY+ and Serengeti.TERNA MI...