The following factors could affect Italian markets on Friday.
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 .
POLITICS
(*) Brussels is set to issue a formal warning to Rome over concerns that Italy's far-reaching "golden power" rules may breach European Union law, the Financial Times reported on Friday, citing two European officials.
ECONOMY
Bank of Italy releases report on financial stability.
DEBT
(*) Moody's review of Italy on Friday may yield the first rating upgrade for almost a quarter of a century, analysts say, reflecting growing confidence in the public finances of the euro zone's third largest economy.
The Italian Treasury said on Thursday it would sell up to 4.5 billion euros in bonds at a November 25 auction.
On Friday the Treasury announces sale of 6-month BOT bills, with relative amounts to be auctioned on November 26.
COMPANIES
BANKS
Italy is considering a further hike in the IRAP corporate tax weighing on domestic banks to fund costly amendments to next year's budget, political sources said on Thursday.
The proposed budget increases the IRAP tax band for the financial sector by two percentage points. Rome could raise it again by an additional 0.5% but only for larger banks, the sources said.
BPER BANCA MIL:BPE
JPMorgan held a 5.841% stake in the Italian lender as of November 13, a filing by market regulator Consob showed on Thursday.
SNAM MIL:SRG
BlackRock held a 5.011% stake in the Italian gas grid operator as of November 18, a filing by market regulator Consob showed on Thursday..
SAIPEM MIL:SPM
BNP Paribas and Barclays held an indirect stake of 5.056% and 6.371% respectively in the Italian oilfield services company as of November 13,a filing by market regulator Consob showed on Thursday.
JPMorgan held a 4.9% stake as of November 17, it added.
FINCANTIERI MIL:FCT
The Italian shipbuilder is expected to join Italy's blue-chip stock index, FTSE MIB INDEX:FTSEMIB for the first time next month, traders said on Thursday, strengthening the influence of the defence sector amid a global rally driven by geopolitical tensions.
JUVENTUS MIL:JUVE
(*) The Turin-based football club said on Friday it had completed the placement of 37.9 million new ordinary shares, or about 9.1% of its capital, through an accelerated bookbuilding process reserved for institutional investors. The price of new shares was set at 2.58 euros. The new shares were allocated to shareholders Exor EURONEXT:EXO and Tether Investments in proportion to their respective stakes.
(*) SAFILO MIL:SFL
The Italian eyewear group said on Thursday it was considering whether to submit a revised offer to acquire UK-based provider of eyewear solutions Inspecs LSE:SPEC after previous non-binding cash offers were rejected. Any decision will be announced no later than December 18, it added.
DIARY
Economy minister Giancarlo Giorgetti attends "G20 leaders' Summit" in Johannesburg (to Nov. 24).
Rome, EU Commissioner for Democracy, Justice, Rule of Law and Consumer Protection Michael McGrath gives speech "Democratic resilience in the digital information era" at LUISS University (09,00 GMT).
Milan, "The Future of Sustainability Amid Emerging Challenges and Competitive Transition" event (0900 GMT); expected attendees include Lavazza Group President Giuseppe Lavazza, steel industry body Federacciai Chairman Antonio Gozzi; European Affairs and National Recovery and Resilience Plan (NRRP) Minister Tommaso Foti delivers closing address.
Stresa, 'Fondazione Iniziativa Europa' starts annual forum "The overseas tsunami: discontinuities and western scenarios" (1300 GMT); ends on November 22. On Friday expected attendees include Interior Minister Matteo Piantedosi, EU Commission Executive Vice President Raffaele Fitto, National Cybersecurity Agency (ACN) Deputy Director Nunzia Ciardi, Economy Deputy Minister Maurizio Leo, Poste Italiane MIL:PST Chairwoman Silvia Maria Rovere, Relations with Parliament Minister Luca Ciriani, ISTAT President Francesco Maria Chelli.
((Milan newsroom, e-mail: ))
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