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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 . POLITICS Key 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. DEBT Treasury sells 7.5 billion euros 6-month BOT bills. Subscriptions close at 1000 GMT. BANKS Moody'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. COMPANIES ENI MIL:ENI The 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:FCT The 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:G The 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:BDB The 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:JUVE The Turin-based club's substitute Jonathan David struck a stoppage-time goal to give his side a 3-2 Champions League win over Norway's Bodo/Glimt inside the Arctic Circle on Tuesday as the Italians grabbed their first victory in this season's competition. DIARY Rome, Cabinet Undersecretary Giovanbattista Fazzolari is interviewed at round-table discussion on "New energies, investments, networks and relationships" (1530 GMT). Rome, business lobby Confindustria presents 2025 report on Italian industry "Manufacturing in transformation – will it remain competitive?" (0900 GMT). Rome, 'Italian-French Dialogues for Europe' "From Dialogue to Results: The Strength of Italian-French Cooperation within the European Framework" (0830 GMT); expected attendees include French Ambassador to Italy Martin Briens, Italian Ambassador to France Emanuela D'Alessandro, Edison MIL:EDNR CEO Nicola Monti. Rome, Italian Competition Authority (AGCM) hosts the semi-annual meeting of the European Competition Network (to November 27). ((Milan newsroom, e-mail: )) For Italian market data and news, click on codes in brackets: 20 biggest gainers (in percentage)(.PG.MI)20 biggest losers (in percentage)(.PL.MI) FTSE IT allshare index FTSE:ITLMS FTSE Mib index .FTMIB FTSE Allstars index... FTSE:ITSTAR FTSE Mid Cap index (.FTITMC)Block trades (.BLK.MI)Stories on Italy (IT-LEN) For pan-European market data and news, click on codes in brackets: European Equities speed guide(EUR/EQUITY) FTSEurofirst 300 index FTSE:E3X DJ STOXX index TVC:SXXP Top 10 STOXX sectors(.PGL.STOXXS) Top 10 EUROSTOXX sectors(.PGL.STOXXES) Top 10 Eurofirst 300 sectors(.PGL.FTEU3S) Top 25 European pct gainers(.PG.PEUR) Top 25 European pct losers(.PL.PEUR) Main stock markets: Dow Jones DJ:DJI Wall Street report Nikkei 225 TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAX XETR:DAX Frankfurt market stories CAC-40 EURONEXT:PX1 Paris market stories World Indices(0#.INDEX) Reuters survey of world bourse outlook(EQUITYPOLL1) Western European IPO diary(WEUIPO) European Asset Allocation Reuters News at a Glance: Equities Main currency report: