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Italy - Factors to watch on Sept. 8

Italy - Factors to watch on Sept. 8

Banca Mediolanum SpaSeptember 8, 20255
Italy - Factors to watch on Sept. 8

About this update from Banca Mediolanum Spa

The following factors could affect Italian markets on Monday.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 .ECONOMYItaly's economy will likely grow by 0.6% this year, in line with the government's target, Economy Minister Giancarlo Giorgetti said on Sunday.ENERGYItaly could fail to meet carbon emission reduction targets agreed at the European Union level due to delays in key green transition areas, including renewable power generation and energy storage systems, a study showed on Saturday.Gas storage levels in Europe are "good", Italian Energy Minister Gilberto Pichetto Fratin said on Saturday, adding that his own country was close to the 90% target set by the European Union.DEBTTreasury announces sale of BTP bonds, with relative amounts to be auctioned on Sept. 11.Italy's Treasury said on Friday it would sell 9 billion euros in BOT bills at th auction of September 10COMPANIESSTELLANTIS MIL:STLAM The new chief executive of carmaker Stellantis, Antonio Filosa, has urged the European Union to show flexibility on the transition to electric vehicles in order to protect the auto industry.(*) Italian Industry Minister Adolfo Urso is expected to meet Filosa on Monday to discuss Stellantis' investment plans in Italy. Government subsidies for electric cars, initially expected to be made available in late September, could be delayed by a month or a month and a half, Italian Energy Minister Gilberto Pichetto Fratin told news agency Ansa on Saturday. Chrysler owner Stellantis is recalling 91,787 Jeep Grand Cherokee vehicles in the U.S. due to a software error within the hybrid control processor, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Saturday. The error may result in a loss of drive power, it added.BANCO BPM MIL:BAMIIn a tie-up between Banco BPM and the Italian unit of Credit Agricole, the French bank could end up holding a 35% stake in BPM if the latter bought Credit Agricole Italia at a valuation of 5.5 billion euros, and paid for it in part through shares in Anima and its stake in their Agos Ducato consumer credit joint-venture, la Repubblica reported on Saturday.The paper said it would be difficult to limit the stake further and it remained to be seen whether the Italian government would approve the dea...

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