Italy - Factors to watch on March 30

Ferrari NV

30/03/2026 05:00

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 IT/DIA.

POLITICS

The government approved on Friday a decree postponing by six months a 2-euro tax on small parcels from non-EU countries, designed to impact Chinese e-retailers, until July 1, 2026.

Rome also revised rules on ​enhanced voting rights to prevent leading shareholders from forcing the hand of minority ‌investors in takeover bids aimed at de-listing companies.

The foreign ministers of the G7 group of nations called on Friday for an immediate stop to attacks against civilians and civilian infrastructure in the Iran war.

ECONOMY

ISTAT releases February producer prices data (0800 GMT).

DEBT

(*) The European Central Bank is determined to prevent any energy-driven inflation from broadening out, but it is too early to discuss dates for possible interest rate hikes, French central bank chief Francois Villeroy de Galhau told Italy's La Stampa daily in an interview published on Monday.

Global ratings agency Moody's on Friday slightly cut Italy's real GDP 2026 growth forecast to 0.7% from 0.8%, in its periodic review of the country. In its baseline scenario, the agency considers a relatively time-limited conflict in Iran, under which Italy's real GDP growth would reach 0.8% in 2027. Moody's also lifted its 2026 inflation forecasts to 2.1% from 1.8%.

The agency - which has Italy on a 'Baa2' rating and a stable outlook - said the gradual fiscal consolidation path outlined in the government's medium-term fiscal framework is credible and achievable. However, Italy's growth outlook is susceptible to a more adverse scenario of protracted conflict, given its relatively high exposure to energy imports from the Gulf region, it added.

COMPANIES

MONTE DEI PASCHI DI SIENA BMPS.MI

Italy's third-largest bank said on Sunday the decision by its directors, following a thorough slate-drafting process, to propose a change of CEO aimed to improve the internal coordination with the board.

Italian market watchdog Consob has ruled out that any of the three slates of nominees filed for the lender's board could be deemed illegitimate, a person with direct knowledge of the matter said.

TELECOM ITALIA (TIM) TLIT.MI, POSTE ITALIANE PST.MI

The telecoms group's board has delayed a decision on appointing legal and financial advisers to support its assessment of a takeover bid Poste Italiane has launched on it, two sources close to the matter said on Sunday. The board agreed to hold a meeting with Poste Italiane's CEO Matteo Del Fante after the Easter break, where he would present details of the offer, the sources added.

(*) BANCO BPM BAMI.MI

Proxy adviser ISS has recommended shareholders to vote in favour of another term for outgoing CEO Giuseppe Castagna and Chairman Massimo Tononi, la Repubblica newspaper reported on Monday. ISS advised against voting for alternative slates of board of candidates submitted by Credit Agricole and Assogestioni, la Repubblica also wrote.

(*) CAR SECTOR

The Middle East market, which in volume terms accounts for less than 10% of sales at most luxury carmakers but punches far above its weight in profit, is under threat just as demand is weakening almost everywhere around the globe.

     Many luxury dealerships in the Gulf closed temporarily after war broke out on February 28. Ferrari RACE.MI and Stellantis STLAM.MI unit Maserati paused deliveries this month, although both say showrooms have since reopened.

INWIT INWT.MI

TIM said on Sunday it had ended a long-term lease contract with INWIT, mirroring a similar earlier move by Swisscom's Fastweb and piling further pressure on Italy's top mast operator.

In response to TIM's announcement, INWIT said in a statement on Sunday the termination notice had no legal grounds, adding it will oppose it in all legal venues.

RECORDATI RECI.MI

CVC Capital Partners plans to explore options for Recordati, including potential asset disposals, if it succeeds in its 10.9 billion euro takeover of the Italian drugmaker, Bloomberg reported on Friday citing people familiar with the matter.

EDISON EDNn.MI

The utility said on Friday QatarEnergy has extended a force majeure on liquefied natural gas supplies to Italy due to hostilities in the Strait of Hormuz, affecting 10 cargoes from April to around mid-June 2026.

Holds annual general meeting (0800 GMT).

BFF Bank BFF.MI

The specialist lender said on Sunday the Bank of Italy had named two extraordinary commissioners to temporarily work alongside its board to oversee a rapid restructuring and adopt remedies in its factoring business and the internal control system.

BFF also said findings from an ongoing inspection by the Bank of Italy could result in additional past-due credit exposure of up to 1.3 billion euros after issues were identified in its factoring and lending business.

DIARY

        Milan, McKinsey celebrates 100th anniversary (1430 GMT); expected attendees include Telecom Italia (TIM) TLIT.MI CEO Pietro Labriola, Poste Italiane PST.MI Chairwoman Silvia Rovere, Bending Spoons Co-Founder and CEO Luca Ferrari.

((Milan newsroom, e-mail: reutersitaly@thomsonreuters.com))

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 .FTITLMS

FTSE Mib index........ .FTMIB

FTSE Allstars index... .FTSTAR

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 index...............................FTEU3

  DJ STOXX index.......................................STOXX

  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 Jones................DJI  Wall Street report ......N

  Nikkei 225..............N225  Tokyo report.............T

  FTSE 100................FTSE  London report............L

  Xetra DAX..............GDAXI  Frankfurt market stories.F

  CAC-40..................FCHI  Paris market stories....PA

  World Indices.....................................0#.INDEX

  Reuters survey of world bourse outlook.........EQUITYPOLL1

  Western European IPO diary..........................WEUIPO

  European Asset Allocation........................EUR/ASSET

  Reuters News at a Glance: Equities...............TOP/EQE

  Main currency report:...............................FRX/