Intercos S.p.a.MIL: ICOS

Italy - Factors to watch on September 15

· Issued by 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 .

POLITICS

The 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.

ECONOMY

Italy 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.

COMPANIES

BANKS

Italy'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 Europe will not be finalised by end-September as scheduled, financial daily Il Sole 24 Ore reported on Saturday.

STELLANTIS MIL:STLAM

The automaker's Ram brand said on Friday it was cancelling plans to introduce a fully-electric Ram 1500 pickup "in response to customer feedback, and rapidly slowing industry demand for full-size BEV pickups."

The European Commission will bring forward a review of its 2035 zero carbon dioxide emission target for cars and vans to the end of this year from 2026, in response to automakers' appeals that a total shift to electric vehicles is no longer feasible.

INTERCOS MIL:ICOS

The cosmetic manufacturer said on Friday it would launch its new share buyback program for up to 4% of its share capital or about 3.9 million ordinary shares.

(*) CAMPARI MIL:CPR

RBC on Monday raised its rating on the spirits group to "sector performance" from "underperform".

(*) BRUNELLO CUCINELLI MIL:BC

JP Morgan said on Monday it had initiated coverage of the fashion group with an "overweight" rating and a price target 125 euros.

JUVENTUS FC MIL:JUVE

The Turin club snatched a dramatic 4-3 win at home to Inter Milan on Saturday, with Vasilije Adzic netting a stunning added time winner to send the hosts top of the Serie A standings and condemn the visitors to a second successive defeat.

LAZIO MIL:SSL

The Rome-based team lost 1-0 away to Sassuolo in the third round of Serie A.

BANCA POPOLARE DI SONDRIO MIL:BPSO

Ordinary shareholders' meeting (0800 GMT).

DIARY

Rome, Italian Prime Minister Giorgia Meloni meets EU Council President Antonio Costa

Milan, the International Olympic Committee's coordination commission starts its 6th meeting for the 2026 Milano-Cortina winter games

((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)

For pan-European market data and news, click on codes in

brackets:

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)

Main stock markets:

Dow JonesDJ:DJI Wall Street report Nikkei 225TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAXXETR:DAX Frankfurt market stories CAC-40EURONEXT:PX1 Paris market stories World Indices(0#.INDEX) Reuters survey of world bourse outlook(EQUITYPOLL1) Western European IPO diary(WEUIPO) European Asset Allocation Reuters News at a Glance: Equities Main currency report:

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