Italy - Factors to watch on July 1

About this update from Banca Mediolanum 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 .POLITICSItaly will issue nearly 500,000 new work visas for non-EU nationals from 2026 to 2028, a cabinet statement said on Monday, as part of a strategy to expand legal immigration channels in response to labour shortages.TREASURYItaly's Treasury said on Monday it planned to buy back four BTP bonds and a Ccteu expiring next year in a transaction to be held on Wednesday, using the cash surplus it holds at the Bank of Italy.ECONOMYJune PMI manufacturing HCOB data (0745 GMT).Transport Ministry releases June car sales data (1600 GMT).June state sector borrowing requirement data.COMPANIESMEDIOBANCA MIL:MB,BANCA MEDIOLANUM MIL:BMED (*) Asset manager Banca Mediolanum said on Monday it completed the sale of its entire 3.5% stake in merchant bank Mediobanca for about 548.4 million euros ($646.2 million)(*) MONTE DEI PASCHI DI SIENA MIL:BMPS, MEDIOBANCAItaly's market regulator Consob could give its green light to Monte dei Paschi's offer document for its bid on Mediobanca as early as Wednesday, or on Thursday, Corriere della Sera reported on Tuesday. BANCA POPOLARE DI SONDRIO MIL:BPSO, BPER MIL:BPEThe number of Banca Popolare di Sondrio shares tendered in support of a bid from BPER jumped to 19.98% of shares targeted by the offer on Monday from 0.16% on Friday.GENERALI MIL:G One of the giant Generali signs that crown the Italian insurer's head offices in Milan collapsed on Monday, remaining atop the 170 metre-high skyscraper but at risk of crashing to the ground, firefighters said. Generali said there were no injuries, adding that staff had been instructed to remain at home and work remotely.(*) STELLANTIS MIL:STLAM Serbia has reached an agreement with China to speed up the imports of critical minerals and rare earths required for the production of electric vehicles, in a key step which grants supply to the Stellantis' plant in Kragujevac, reported Il Fatto Quotidiano on Tuesday. (*) LEONARDO MIL:LDO The defence and aerospace group bought a 24.55% stake in Finnish cybersecurity company Ssh Communications Security for 20 million euros, Il Sole 24 Ore reported on Tuesday. In addition to the investment, the two companies have also ag...

View stock analysis, news, and events for Banca Mediolanum Spa