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Italy - Factors to watch on May 4
Italy - Factors to watch on May 4
About this update from Ferretti S.p.a.
The following factors could affect Italian markets on Monday.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 .POLITICSPrime Minister Giorgia Meloni's office said on Thursday Italy condemned Israel's seizure of aid ships bound for Gaza and demanded the immediate release of all Italians who have been "unlawfully detained".U.S. Secretary of State Marco Rubio is expected to travel to Italy this week to meet with Pope Leo, a Vatican source said on Sunday, as President Donald Trump's attacks against the Catholic pontiff have drawn criticism across the political spectrum.Rubio is also expected to hold talks with Italy's foreign and defence ministers, la Repubblica and Corriere della Sera reported on Sunday, adding that the trip is aimed at easing tensions between the two countries after Trump's blunt criticism of Italian Prime Minister Giorgia Meloni - one of his closest European allies - last month. It remained uncertain if Rubio will also meet Meloni.ECONOMYItaly on Thursday lengthened for three weeks a cut in excise duties on fuels to help families and firms cope with rising energy costs, with the extension focusing more on diesel than on petrol.April PMI manufacturing HCOB data (0745 GMT).Transport Ministry releases April car sales data (1600 GMT).April state sector borrowing requirement data.DEBTItaly cannot afford a unilateral withdrawal from EU budget discipline rules because it would massively increase debt servicing costs, the lead senator of the ruling Brothers of Italy party, Lucio Malan, said in an interview with saily Corriere della Sera on Friday.COMPANIESSTELLANTIS MIL:STLAM, FERRARI MIL:RACEU.S. President Donald Trump on Friday said he would be increasing tariffs on cars and trucks from the European Union to 25%, saying the EU had not complied with its trade deal.BANCA MONTE DEI PASCHI DI SIENA (MPS) MIL:BMPS, GENERALILeonardo Maria Del Vecchio has signed a deal with siblings Paola and Luca to triple his stake in family holding Delfin to 37.5%, several newspapers reported on Friday. Delfin is the leading shareholder in MPS and the second-largest in Generali.(*) GENERALI MIL:G, INTESA SANPAOLO MILSEDEX:I05395, UNICREDIT MIL:UCGIntesa Sanpaolo is closely monitoring UniCredit's moves involving the Italian insurer, la Repub...