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 .
POLITICS
Italy 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.
ECONOMY
Italy 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.
DEBT
Italy'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.
COMPANIES
MONCLER MIL:MONC
The 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:SPM
The 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:SFL
The Italian eyewear maker said on Tuesday it signed an exclusivity agreement with Bolle to buy U.S. brands SPY+ and Serengeti.
TERNA MIL:TRN, ENI MIL:ENI
The Italian grid operator said on Tuesday its outgoing CEO, Giuseppina Di Foggia, will waive her claim to 7.3 million euros ($8.56 million) of severance pay in order to take up a new post as chair of energy group Eni.
(*) ENI
Norwegian oil company Vaar Energi OSL:VAR - a subsidiary of Eni - on Wednesday reported a lower-than-expected operating profit for the first quarter, while maintaining its dividend and capital spending guidance.
DIARY
Rome, cabinet meeting on multi-year budget framework (DFP), containing new forecasts for gross domestic product and public finances.
((Milan newsroom, e-mail: ))
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 FTSE:ITLMS
- FTSE Mib index
- .FTMIB
FTSE Allstars index... FTSE:ITSTAR
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 indexFTSE:E3X DJ STOXX indexTVC:SXXP 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 JonesDJ:DJI Wall Street report Nikkei 225TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAXXETR:DAX Frankfurt market stories CAC-40EURONEXT:PX1 Paris market stories World Indices(0#.INDEX) Reuters survey of world bourse outlook(EQUITYPOLL1) Western European IPO diary(WEUIPO) European Asset Allocation Reuters News at a Glance: Equities Main currency report: