The following factors could affect Italian markets on Friday.
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
(*) European Union leaders decided on Friday to borrow cash to fund Ukraine's defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.
Italy will be willing to back a trade agreement between the European Union and the South American Mercosur bloc just as soon as issues surrounding agriculture are resolved, Italian Prime Minister Giorgia Meloni said on Thursday.
(*) EU Commission President Ursula von der Leyen said on Friday enough EU member states will support the EU-Mercosur trade deal to eventually approve it, adding its signature would be postponed slightly.
ECONOMY
ISTAT releases December consumer and business confidence data (0900 GMT); October industry sales data (1000 GMT).
Bank of Italy releases October data on foreign investors holdings of Italian government bonds.
COMPANIES
ASSICURAZIONI GENERALI MIL:G
Board meeting.
MONTE DEI PASCHI DI SIENA MIL:BMPS, MEDIOBANCA MIL:MB
Italian Economy Minister Giancarlo Giorgetti denied on Thursday he had exerted "any interference or pressure" to influence Monte dei Paschi's successful takeover of Mediobanca, which is being investigated by Milan prosecutors.
PIRELLI MIL:PIRC
The tyremaker said on Thursday nearly all holders of its 500 million euro ($587 million) bond expiring this month have chosen to convert it into new shares in the company, diluting the stakes held by the group's existing investors.
The stake of Chinese state-owned Sinochem, Pirelli's largest investor, will be reduced to around 34.1% from 37% now, while that of Camfin - the vehicle of Italian businessman Marco Tronchetti Provera - will dip to 25.3% from 27.4%.
(*) PRYSMIAN (PRI.MI)
The cable maker said on Friday it would proceed with an earn-out payment of $200 million, in line with the terms set out in the acquisition contract of U.S. connectivity device manufacturer Channell and its performance.
NEXI MIL:NEXI
The Italian fintech company said on Thursday it had rejected the offer by US private equity firm TPG for the acquisition of its digital banking unit.
ENEL MIL:ENEL
Italy's largest utility said on Thursday that in 2026 it would issue non-convertible hybrid bonds for up to 2 billion euros.
(*) S&P Global revised on Thursday the utility's outlook to positive from stable and confirmed its 'BBB' rating.
SAFILO MIL:SFL
The Italian eyewear maker said on Thursday it had bought a 25% stake in British peer Inspecs between December 15-18, for £21.7 million ($29 million).
STELLANTIS MIL:STLAM
The automaker will cut production at the Mulhouse plant in France by 28% from current levels at the start of next year in order to adapt to market demand, a spokesperson said on Thursday.
BANCA IFIS MIL:IF
The Venice-based lender said on Thursday it had completed due diligence on its purchase of illimity Bank, enabling it to confirm cost and revenue synergies of 75 million euros per year before taxes. The diligence also highlighted the need for adjustments worth 75 million euros (of which 20 million euros had already been included and expensed in the September 30, 2025 results), in addition to previous write-downs of 290 million euros made by illimity in 2025.
ENI MIL:ENI
The Italian energy giant has completed the sale of a 49.99% stake in its carbon capture and storage unit to BlackRock's infrastructure fund Global Infrastructure Partners, giving the two groups joint control of the business.
(*) AVIO MIL:AVIO
The rocket maker said on Friday it had signed two separate agreements with a European and a non-European customer for a total of over 100 million euros ($117.18 million) to launch multiple satellites aboard a Vega C launcher.
SAIPEM MIL:SPM
The Italian energy contractor said on Thursday that Aker BP OSL:AKRBP had exercised an option to extend for another year the contract for the offshore drilling unit Scarabeo 8 in Norway. The extension is worth $157 million.
DIARY
Brussels, Prime Minister Giorgia Meloni takes part in EU summit.
Economy Minister Giancarlo Giorgetti attends G7 finance ministers meeting via videoconference (1200 GMT).
((Milan newsroom, e-mail: ))
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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
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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:($1 = 0.7478 pounds)
($1 = 0.8534 euros)