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Italy - Factors to watch on November 26
Italy - Factors to watch on November 26
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 .POLITICSKey wins for Italy's opposition in southern regional elections on Sunday and Monday show cracks in the ruling conservative bloc's dominance, raising doubts over Prime Minister Giorgia Meloni's ability to secure a second term in the next national vote, say political observers.DEBTTreasury sells 7.5 billion euros 6-month BOT bills. Subscriptions close at 1000 GMT.BANKSMoody's on Tuesday raised the credit ratings of a number of Italian banks, following the upgrade of Italy's sovereign debt on Friday.Among the main banks affected, UniCredit MIL:UCG, Intesa Sanpaolo MIL:ISP, Banco BPM MIL:BAMI and BPER Banca MIL:BPE all saw their Baseline Credit Assessments raised to baa2 from baa3. COMPANIESENI MIL:ENIThe Italian energy group's CEO Claudio Descalzi met with Egyptian President Abdel Fattah el-Sisi to review investments in the African country and discuss new initiatives, ENI said on Tuesday.Separately, Eni also said it had signed an agreement with Argentina's state oil producer YPF to acquire a 50% stake and operatorship in the exploration block OFF-5, in Uruguay's offshore.(*) ENI MIL:ENI, SNAM MIL:SRG The Regulatory Asset Base scheme (RAB) will be applied to the carbon capture, transport and storage project of Eni and Snam, confirming expectations that the project will be treated in Italy as a regulated activity, MF daily said on Wednesday without citing sources.(*) FINCANTIERI MIL:FCTThe Italian shipbuilder said on Tuesday that, under an agreement with the U.S. Navy, it will continue building two frigates and halt construction of four others. (*) GENERALI MIL:GThe CEO of Italy's top insurer, Philippe Donnet, and Chairman Andrea Sironi are set to leave by the end of the year, Il Giornale reported on Wednesday, adding that Generali denied negotiations are underway.(*) BANCO DESIO MIL:BDBThe Italian bank said on Tuesday it would launch a takeover bid for all shares of the Italian asset manager Solutions Capital Management MIL:SCM setting the offer price at 4.61 euros per share, cum dividend.JUVENTUS MIL:JUVEThe Turin-based club's substitute Jonathan David struck a stoppage-time goal to give his side a 3-2 Champions L...