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Italy - Factors to watch on September 15
Italy - Factors to watch on September 15
About this update from Intercos S.p.a.
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 .POLITICSThe Italian government is considering increasing the military assets offered to NATO's plan to defend Europe's eastern flank with two F-35 jets, dailies Corriere della Sera and la Repubblica reported on Saturday. ECONOMYItaly is "financially and economically sound" and is an "anchor of stability in Europe", Prime Minister Giorgia Meloni said on Saturday at a conference of a small coalition partner. She added that her government intended to cut taxes for middle-earners in the 2026 budget law to be presented in October.Italy plans to maintain its current forecasts for GDP growth of 0.6% this year and 0.8% in 2026 in the budget plan, Economy Minister Giancarlo Giorgetti said on Sunday, despite uncertainties linked to U.S. import tariffs. ISTAT releases July foreign trade data (0800 GMT).Bank of Italy releases July data on public finances, state borrowing and debt.COMPANIESBANKSItaly's co-ruling League party wants national banks, including Intesa Sanpaolo MIL:ISP, UniCredit MIL:UCG, Banco BPM MIL:BAMI and Monte dei Paschi di Siena MIL:BMPS, to contribute to the government's 2026 budget plans with at least 1 billion euros, political sources said on Friday. League leader and deputy PM Matteo Salvini plans to meet the heads of leading banks in the next few days, the sources added. Italian banks must consolidate to face challenges from Big Tech firms that will compete for their market share, Economy Minister Giancarlo Giorgetti said on Sunday.LEONARDO MIL:LDO Europe's aerospace groups Leonardo, Thales EURONEXT:HO and Airbus EURONEXT:AIR have redoubled efforts to combine their satellite businesses into a 10 billion-euro ($11.7 billion) joint venture and are working towards hammering out an initial agreement in coming weeks, sources close to the matter told Reuters on Friday.In an interview with Il Corriere della Sera on Sunday, Airbus Defence and Space CEO Michael Schoellhorn said the three companies could sign an initial agreement to combine their satellite businesses as early as this year.SNAM MIL:SRG The Italian gas grid group's acquisition of a stake in Germany's largest independent gas transmission operator Open Grid ...