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 . ECONOMY Italy'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). DEBT Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on Dec. 30. COMPANIES STELLANTIS 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:DIA Shares 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: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 index FTSE:E3X DJ STOXX index TVC: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 Jones DJ:DJI Wall Street report Nikkei 225 TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAX XETR:DAX Frankfurt market stories CAC-40 EURONEXT: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 = 0.8503 euros)