Italy — Factors to watch on October 13
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 (*). Economy Cabinet meets to approve the 2027 Draft Budgetary Plan. Italy is in talks with the EU to use part of the budget leeway stemming from the so-called "National escape clause" (Nec) to help families cope with surging energy costs, Economy Minister Giancarlo Giorgetti told lawmakers on Monday. Italy will adopt tax breaks aimed at promoting investments in the software industry through its 2027 budget, Prime Minister Giorgia Meloni said on Monday. Italy's plan to run a budget deficit above 3% of GDP both in 2027 and 2028 could complicate the country's plan to exit from the European Union's infringement procedure, the Bank of Italy said on Monday. Debt Italy's Treasury holds a bond auction for up to €7 billion. Companies Monte Dei Paschi Di Siena, Intesa Sanpaolo MPS on Monday said suitor Intesa Sanpaolo's sweetened takeover offer leaves MPS investors exposed to several uncertainties, while forcing them to ditch a possible alternative plan. Stellantis The carmaker releases preliminary Q3 sales data. Webuil
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 (*). Economy Cabinet meets to approve the 2027 Draft Budgetary Plan.
Italy is in talks with the EU to use part of the budget leeway stemming from the so-called "National escape clause" (Nec) to help families cope with surging energy costs, Economy Minister Giancarlo Giorgetti told lawmakers on Monday. Italy will adopt tax breaks aimed at promoting investments in the software industry through its 2027 budget, Prime Minister Giorgia Meloni said on Monday. Italy's plan to run a budget deficit above 3% of GDP both in 2027 and 2028 could complicate the country's plan to exit from the European Union's infringement procedure, the Bank of Italy said on Monday. Debt Italy's Treasury holds a bond auction for up to €7 billion.
Companies Monte Dei Paschi Di Siena, Intesa Sanpaolo MPS on Monday said suitor Intesa Sanpaolo's sweetened takeover offer leaves MPS investors exposed to several uncertainties, while forcing them to ditch a possible alternative plan. Stellantis The carmaker releases preliminary Q3 sales data. 79%. Diary Rome, conference on the Italian space industry, with Avio CEO Giulio Ranzo and a Leonardo executive.
Rome, Istat presents a conference on inflation as part of events marking the institute's centenary. FTITMC Stories on Italy...... FRX/