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Italy - Factors to watch on October 7
Italy - Factors to watch on October 7
About this update from Banco Bpm Spa
The following factors could affect Italian markets on Tuesday.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 .ECONOMYOECD releases September composite leading indicator data (1000 GMT).Bank of Italy releases September data on Target 2 liabilities and European Central Bank funding to Italian banks.DEBTTreasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on October 10.COMPANIES(*) UNICREDIT MIL:UCG, UNIPOL MIL:UNIItaly's second-largest bank may consider a bancassurance agreement with Unipol MIL:UNI, financial daily Il Sole 24 Ore reported on Tuesday. The report highlighted that BPER Banca MIL:BPE, Italy's fourth-largest bank where Unipol is the largest shareholder, and its subsidiary Banca Popolare di Sondrio MIL:BPSO operate in regions deemed strategically significant for UniCredit.(*) STELLANTIS MIL:STLAM, IVECO MIL:IVGUS President Donald Trump said on Monday that all medium- and heavy-duty trucks imported into the United States will face a 25% tariff rate starting November 1, a significant escalation of his effort to protect U.S. companies from foreign competition.(*) ENEL MIL:ENELHsbc cut on Tuesday its rating on the Italian biggest utility to 'hold' from 'buy'. JUVENTUS MIL:JUVETether plans to file its own list of candidates for the board of Italian soccer club Juventus at an annual shareholder meeting next month, the crypto giant said on Monday in e-mailed responses to questions from Reuters.(*) ANIMA HOLDING MIL:ANIMAlessandro Varaldo, CEO of Banco BPM's private bank Banca Aletti, is the leading candidate to become CEO of the Italian asset manager, Il Messaggero reported on Tuesday. Separately, several newspapers have pointed to Pierluigi Giverso, Anima's joint general manager and chief business officer, as another contender for the CEO position. DIARYRome, Thales Alenia Space holds inauguration ceremony for "Space Smart Factory" (0745 GMT); expected attendees include Industry Minister Adolfo Urso, Leonardo MIL:LDO Chairman Stefano Pontecorvo, Leonardo CEO Roberto Cingolani, Thales Alenia Space Chairman Massimo Claudio Comparini. Rome, Elettricita Futura holds public assembly "The New Face of Electricity" (0730 GMT); expected attendees include Environment and Energy Security Minister Gilberto...