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Italy - Factors to watch on October 2
Italy - Factors to watch on October 2
About this update from Terna S.p.a.
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 .POLITICSItaly's parliament voted on Wednesday to restore a national holiday on October 4 in honour of St. Francis of Assisi, one of the country's patron saints, almost half a century after it was abolished.(*) Italian unions called a general strike for Friday in solidarity with the international aid flotilla for Gaza, while protests sprang up in a number of cities late on Wednesday after reports that some of the ships had been intercepted by military personnel.ECONOMYISTAT releases August unemployment rate data (0800 GMT).COMPANIESSTELLANTIS MIL:STLAM Sales of new cars in Italy in September rose by more than 4% year-on-year, as market leader Stellantis outperformed with sales up 15.3%, according to transport ministry data and Reuters calculations. (*) BANCO BPM MIL:BAMI, ANIMA MIL:ANIMThe potential acquisition of a majority stake in Credit Agricole Italia by the Italian bank could be financed both in cash, partly through its own shares, and assets, but without involving Anima, which falls within the scope of the government's special powers — known as "golden power" — over strategic assets, Il Messaggero and Mf both reported on Thursday. MONTE DEI PASCHI DI SIENA (MPS) MIL:BMPS, MEDIOBANCA MIL:MBMoody's on Wednesday upgraded the Tuscan bank's senior unsecured debt rating to 'Baa3' from 'Ba1', while downgrading Mediobanca's long-term issuer and senior unsecured debt ratings to 'Baa3' from 'Baa1' following the takeover.(*) MPS is expected to hold a board meeting late on Thursday to formally put forward JPMorgan banker Vittorio Grilli and Anima CEO Alessandro Melzi d’Eril as Mediobanca's new chairman and chief executive respectively.GENERALI MIL:G The Italian insurer's Generali Investments unit completed the acquisition of a 77% stake in U.S. private direct lending investment firm MGG and its affiliates, Generali said in a statement on Wednesday. The estimated impact on Generali's Solvency II Ratio is approximately -2 percentage points, it added.ENERGY, UTILITIESItaly is taking aim at gas transport costs as it seeks to narrow the spread between wholesale gas prices in Amsterdam and Italy as a way of reducing domestic energy...