The following factors could affect Italian markets on Thursday.
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 .
ECONOMY
ISTAT releases September CPI final data (0800 GMT) and August foreign trade data (0900 GMT).
COMPANIES
(*) BANKS
Talks between Italian banks and the government over the lenders' contribution to the 2026 budget are deadlocked and may lead to a cabinet meeting, due to finalise the pacakge, to be posponed to Monday from Friday, according to people familiar with the matter.
The standstill is over additional levies to be applied to banks on top of the multi-year freeze of tax credits, known as deferred tax assets (DTAs), which banks have agreed to, the sources said.
The maximum stake that a banking foundation can hold in a bank will rise to 44% from 33%, in fair value terms, according to a deal set to be signed on October 28 between the Italian Treasury and the association of Italian banking foundations ACRI, reported Corriere della Sera daily on Thursday.
(*) INTESA SANPAOLO MIL:ISP
RBC initiated coverage of the bank on Thursday with an 'outperform' rating and a target price of 7 euros.
(*) BANCA MONTE DEI PASCHI DI SIENA MIL:BMPS
Jefferies initiated coverage of the Tuscan lender on Thursday with a 'buy' rating and a target price of 9.3 euros.
(*) MEDIOBANCA MIL:MB
Following its acquisition by Monte dei Paschi and by year-end, the merchant bank will change its accounting period - currently from July to June - in order to close it in December, Il Sole 24 Ore daily reported on Thursday.
(*) STELLANTIS MIL:STLAM
Canada threatened legal action against the automaker on Wednesday over what Ottawa says is the company's unacceptable plan to shift production of one model to a U.S. plant.
LEONARDO MIL:LDO
Germany is strengthening its air defence capabilities with the purchase of 20 new Eurofighters, the consortium said on Wednesday, adding that the first aircraft will be delivered in 2031 and the last in 2034. The consortium includes Germany, Britain, Italy and Spain, and is represented by Airbus EURONEXT:AIR, BAE Systems LSE:BA. and Leonardo.
(*) TELECOM ITALIA (TIM) MIL:TIT
Deutsche Bank on Thursday raised the rating of the phone group to 'buy' from 'hold' and raised the target price for both the shares and the savings shares of the company to 0.62 euros from 0.34 euros.
(*) STMICROELECTRONICS EURONEXT:STMPA
The Italian Treasury's representative on the supervisory board, Paolo Visca, is set to resign, Il Sole 24 Ore daily reported on Thursday, saying his replacement is part of efforts to resolve recent tensions between Italy and France over the governance of the company.
SAIPEM MIL:SPM
The oil service company said on Wednesday it had been awarded, in consortium with Azerbaijan's SOCAR, three new offshore contracts for the Shah Deniz Compression project operated by bp LSE:BP. in Azerbaijan. The overall value of the contracts is approximately 700 million dollars, with 600 million attributable to Saipem.
FASHION INDUSTRY
Italy plans to apply an extra levy on Chinese fast fashion products to help shield its fashion industry from low-cost foreign imports, government sources told Reuters on Wednesday.
The move is aimed at avoiding unfair competition in the market for what is one of Italy's key industries, the people said, adding Rome would likely impose the charge on online retailers Temu and Shein, among others.
M&A
Investment firm Ardian and Italian asset management company Finint Infrastrutture have signed an agreement to jointly acquire Milione Spa, the holding company that controls Save, the group that manages several airports including Venice's Marco Polo.
BRUNELLO CUCINELLI MIL:BC
Releases Q3 revenue results (preliminary Q3 revenues results released on Oct. 1).
DIARY
Economy Minister Giancarlo Giorgetti attends IMF/WB-G20/G7 annual meetings in Washington (to October 17).
Rome, Adepp general meeting (0730 GMT); expected attendees include Labour Minister Marina Calderone, European Affairs and National Resilience and Recovery Plan (NRRP) Minister Tommaso Foti, Foreign Minister Antonio Tajani, Banco BPM MIL:BAMI CEO Giuseppe Castagna, Poste Italiane MIL:PST CEO Matteo Del Fante.
Milan, Bocconi University holds the inaugural event for the Harvey Chaplin Chair in Distribution, Channel & Experience Management (1500 GMT); expected attendees include Campari Group MIL:CPR Chairman Luca Garavoglia; Generali MIL:G Chairman Andrea Sironi delivers closing address.
Milan, news conference to present the concept for the "Opening Ceremony of the Olympic Winter Games Milano Cortina 2026" (1300 GMT).
Cernobbio, 'ComoLake' conference "Digital Innovation Forum" continues (0700 GMT); ends on October 17. On Thursday expected attendees include Defense Minister Guido Crosetto; Cabinet Undersecretary Alessio Butti delivers closing address.
((Milan newsroom, e-mail: ))
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