Business
Italy - Factors to watch on December 23
Italy - Factors to watch on December 23
About this update from Banco Bpm Spa
The following factors could affect Italian markets on Tuesday.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 .ECONOMYItaly's government faces a vote of confidence in the upper house Senate on Tuesday over its 2026 budget. The government called the vote to speed up the budget's approval and ensure the package becomes law by the end of this year. The budget has drawn criticism from market investors for tax hikes affecting banks, insurers and financial market transactions.ISTAT releases November non-EU foreign trade data (0900 GMT).DEBTTreasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on Dec. 30.COMPANIESSTELLANTIS MIL:STLAM(*) The automaker's sales in the European Union, Britain and the European Free Trade Association fell in November 2.7% year-on-year, while the overall market rose for 2.4%, data from the European auto lobby ACEA showed on Tuesday.Italy's cabinet on Monday authorised a state-backed company to buy from Stellantis a site that includes facilities for the temporary storage of used nuclear fuel, a statement said.(*) BANCO BPM MIL:BAMI Majority shareholder Credit Agricole EURONEXT:ACA, which owns around 20% of the capital and is awaiting European Central Bank clearance to exceed this threshold, could present its own minority list at the next renewal of Banco's board, according to a source familiar with the situation.DIASORIN MIL:DIAShares in the Italian biotech company rose around 5% on Monday after its board proposed a share buyback of up to 250 million euros ($294.03 million).(*) OFFICINA STELLARE MIL:OS, LEONARDO MIL:LDO The engineering company said on Tuesday it signed a 9.2-million-euro optical systems contract with the state-controlled defence group. (*) CLASS EDITORI MIL:CLE The media group is not in sales negotiations with entrepreneur Leonardo Maria del Vecchio, the owner and editor in chief Paolo Panerai said in an editorial on Tuesday. ((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:ITLMSFTSE Mib index.FTMIBFTSE Allstars index... FTSE:ITSTARFTSE Mid Cap index (.FTITMC)Block trades (.BLK.MI)Stories on Italy (IT-LEN)For pan-E...