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Italy - Factors to watch on October 31

· Issued by Ck Hutchison Holdings Ltd

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 .

ECONOMY

Italy narrowly avoided recession in the third quarter, data showed on Thursday, with gross domestic product stagnating following a marginal contraction in the second quarter, and underperforming most of its European peers.

ISTAT releases October CPI flash data (1000 GMT).

COMPANIES

(*) BANKS, INSURERS

Italy's Prime Minister Giorgia Meloni said on Thursday she did not expect any changes to the charges for banks and insurers in the government's 2026 budget, in an interview with public broadcaster RAI.

STELLANTIS MIL:STLAM

Shares in the automaker closed down 8.9% on Thursday as the maker of Fiat, Peugeot and Jeep flagged one-off charges related to changes in regulation, strategy and products, adding to underlying investor concerns over a sector chip shortage.

UNICREDIT MIL:UCG

The Italian bank said on Thursday the European Central Bank had confirmed the Pillar 2 capital requirement for 2026 at 200 basis points.

BANCO BPM MIL:BAMI

The Italian third-largest bank said on Thursday ECB had confirmed its Pillar 2 requirement for 2026 at 2.25%.

(*) Credit Agricole has no intention to sell its Italian assets and has ambitious plans for Italy, its deputy general manager Clotilde L'Angevin was quoted as saying by the Italian newspapers on Friday.

TELECOM ITALIA (TIM) MIL:TIT

Shares in the Italian phone group closed up 4.8% on Thursday after Reuters exclusively reported that Hong Kong conglomerate CK Hutchison HKEX:1 had been studying a potential tie-up of its Italian unit WindTre and the Italian operations of French telecoms group Iliad.

(*) NEWPRINCES MIL:NWL

The Italian food and beverage group's British unit Princes Group is set to float at a valuation of 1.16 billion pounds ($1.56 billion) on Friday in one of London's largest initial public offerings this year, pricing its shares at the lower end of the marketed range in a sign of investor caution.

CREDITO EMILIANO MIL:CE

The Italian bank said on Thursday the European Central Bank had set the Pillar 2 capital requirement for 2026 at 1.25%.

ITALGAS MIL:IG

Shares in Italgas ended up 4.17% after Europe's biggest gas distributor presented on Thursday its updates business plan to 2031 which includes higher synergies from the acquisition of 2i Rete Gas and efficiencies coming from the use of artificial intelligence.

(*) AVIO MIL:AVIO

The Italian rocket maker set the subscription price for its 400-million-euro rights issue at 20.37 euros per share, a 29.6% discount to the theoretical ex-rights price (TERP) as of Oct. 30.

JUVENTUS MIL:JUVE

The Italian football club have appointed former Italy manager Luciano Spalletti as head coach until the end of the season, the Serie A club said on Thursday, following the sacking of Igor Tudor.

(*) LAZIO MIL:SSL

Lazio failed on Thursday to build on last Sunday's victory over Juventus, managing only a 0-0 draw away against Pisa.

INTESA SANPAOLO MIL:ISP

Releases Q3 results, followed by conference call (1400 GMT).

DIARY

Scope rating agency scheduled review of sovereign debt rating on Italy.

Rome, Bank of Italy, Bank of England and Banque de France are jointly organizing the 11th edition of the "International Macroeconomics Workshop".

((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)

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European Equities speed guide(EUR/EQUITY) FTSEurofirst 300 indexFTSE:E3X DJ STOXX indexTVC: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)

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