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Italy - Factors to watch on September 29
Italy - Factors to watch on September 29
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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 .POLITICSItaly's domestic banks should contribute some 5 billion euros ($5.85 billion) to the upcoming 2026 budget, the ruling coalition League party said in a statement.(*) La Repubblica and Il Giornale newspapers said on Monday the figure should be between 2.5 to 3 billion euros, citing unnamed sources from the other two ruling parties, Fratelli d'Italia and Forza Italia. ECONOMYThe Bank of Italy said on Friday it had confirmed its countercyclical capital buffer (CCyB) for the country's lenders at zero for the fourth quarter of this year. ISTAT releases August non-EU foreign trade data (0800 GMT).COMPANIES(*) PIRELLI MIL:PIRC The Italian government has concluded that Pirelli's main Chinese investor Sinochem SSE:600500 has not breached any "golden power" measure imposed by Rome auhorities in 2023, the tyremaker said on Monday. (*) STELLANTIS MIL:STLAM Joao Laranjo is the new Chief Financial Officer replacing Doug Ostermann who has resigned for personal reasons, the automaker said on Monday, adding that 2025 financial guidance remained unchanged. It also confirmed that the Q3 2025 shipmentsand revenues announcement would be made on October 30.The automaker is recalling 123,396 vehicles in the U.S. due to detached trim pieces on the driver and passenger windows that can create a road hazard for other vehicles, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Saturday.BRUNELLO CUCINELLI MIL:BCItaly's financial regulator questioned the Italian luxury brand on Friday over short seller claims, according to the Financial Times. Shares in the group closed down 1.74%, after falling to their lowest level since December 2023, after a short-seller accused the company of misleading investors about its Russian business. The company denied the allegation.JUVENTUS MIL:JUVEThe Italian football club said on Friday it had posted a 58 million euro ($68 million) loss in the fiscal year ended June 30, versus a 199 million euro loss a year earlier, as the Italian soccer club returned to Europe's lucrative elite club competition Champions League.(*) Juventus missed the chance to move top of ...