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Italy - Factors to watch on February 4
Italy - Factors to watch on February 4
About this update from Banco Bpm Spa
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 .POLITICSFormer army general Roberto Vannacci quit the League group, part of Italy's governing coalition, on Tuesday to set up his own far-right party, potentially complicating Prime Minister Giorgia Meloni's hopes of winning re-election next year.ECONOMYJanuary services PMI HCOB data (0845 GMT).ISTAT releases basket of goods used to calculate inflation in 2026 (0900 GMT) and January flash CPI and HICP data (1000 GMT).DEBTItaly raised 14 billion euros on Tuesday from its second syndicated bond sale of 2026, the country's highest ever demand for a single-tranche deal in a busy start to the year for euro zone issuers.COMPANIES(*) LEONARDO MIL:LDOThe Italian defence and aerospace group said on Wednesday it had signed a letter of intent with Indonesia's PT ESystem Solutions and the Ministry of Defence to cooperate on the supply and support of the M-346 F Block 20 aircraft for the Indonesian air force. (*) BANCO BPM MIL:BAMIFrance's Credit Agricole, the single largest shareholder in Banco BPM, will seek greater influence at the Italian lender, CEO Olivier Gavalda said on Wednesday. "We demand to have a position on the board that equals our 20%... so 20% representation on BPM's board," he told reporters after the release of fourth-quarter results. (*) MONTE DEI PASCHI MIL:BMPS, MEDIOBANCA MIL:MB There is a more than 50% chance that an industrial plan involving the delisting of acquired Mediobanca and its merger with MPS, alongside the spin off of private and investment banking, could be approved by the end of February, MF daily reported on Wednesday citing a source close to MPS.At least a dozen of Mediobanca's top private bankers in Italy have left for Deutsche Bank, the Financial Times newspaper reported on Wednesday. The Mediobanca team, including four managing directors, decided to leave shortly after the takeover because MPS "was never a major wealth management player", people familiar with the matter told FT.(*) ENI MIL:ENIThe global liquefied natural gas (LNG) market is expected to stay finely balanced this year as thin supply buffers, low European inventories and recovering Asian demand leave little room for unexpected...