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Italy - Factors to watch on March 24
Italy - Factors to watch on March 24
About this update from Ferretti S.p.a.
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 .POLITICSItalian voters emphatically rejected a flagship judicial reform championed by Prime Minister Giorgia Meloni, dealing a blow to her right-wing coalition ahead of next year's general elections.ECONOMYItaly was the only major EU economy to record a significant increase in exports to the U.S. in 2025, despite the tariffs introduced by President Donald Trump, official statistics show.DEBTItaly's Treasury said on Monday it would sell 7.5 billion euros in BOT bills at auction on March 26.On Tuesday, the Treasury announces the sale of BTP and CCTeu bonds, with relative amounts to be auctioned on March 27.COMPANIES(*) TELECOM ITALIA (TIM) MIL:TIT TIM's board met on Monday and took note of Poste's offer, the company said in a statement, adding that its board has begun the evaluation process.BANCO BPM MIL:BAMIBanco BPM's main shareholder Credit Agricole EURONEXT:ACA said on Monday it had filed a list of seven potential nominees to the Italian bank's board.Credit Agricole, which owns just over 20% of BPM, said it did not aim to control the bank and had no candidates for the role of chief executive or chairman in its slate.(*) The French bank's slate includes former Italian Economics Minister Domenico Siniscalco and Frédéric de Courtois, a long‑time top manager at Axa EURONEXT:CS who also worked at Generali MIL:G and was close to former CEO Philippe Donnet. (*) MONTE DI PASCHI MIL:BMPS The Tuscan lender's directors are expected to remove the executive powers of Luigi Lovaglio after the chief executive made a bid to secure another term despite board opposition, two people close to the matter said. The board of the bank should indicate Acea MIL:ACE CEO Fabrizio Palermo as candidate CEO, several newspapers reported on Tuesday. (*) STELLANTIS MIL:STLAM New car sales in Europe rose in February after falling in January, while sustained demand for electric vehicles helped Elon Musk's all-electric brand Tesla NASDAQ:TSLA resume growth for the first time since December 2024, official data showed on Tuesday. Sales of carmaker Stellantis rose by 9.5%.EXOR EURONEXT:EXOThe Agnelli family, through its investment firm Exor, has agreed to se...