Europe
Italy Market Factors to Watch on February 27
• Italy calls on the European Union to allow countries to increase their defense spending without violating the bloc’s budget rules.
• A small town on Italy’s Lake Garda voted to cancel an honorary citizenship for Benito Mussolini.
• Economists ISTAT releases February consumer and business confidence data and December industry sales data.
• DEBT Treasury sells up to 6.75 billion euros in BTP bonds and up to 2.75 billion euros in CCTeu bonds.
• The European Central Bank is set to give Italy’s second-largest bank the green light to build up its stake in German rival Commerzbank CBK.
• Eni ENI reports a 46% fall in its fourth-quarter adjusted net profit due to lower energy prices and continued weakness at its refining and chemicals divisions.
• Eni and Malaysia’s state energy firm Petroliam Nasional Bhd (Petronas) sign a memorandum of understanding to create a joint venture to oversee some upstream assets in Indonesia and Malaysia.
• Exor EXO sells 7 million shares of Ferrari to institutional investors for total proceeds of 3 billion euros.
• The world’s largest cable maker predicts its adjusted core profit will rise as much as 22% this year, boosted by the full benefit of the $4.2 billion acquisition of Encore Wire the group made in 2024.
• Telecom Italy Tit is considering pushing back to as late as June its annual shareholder meeting.
• Leonardo Lodo Saudi Arabia’s sovereign wealth fund is in talks to invest in Leonardo’s aerostructures unit.
• BPER BPE, Banca Popolare di Sondrio has filed with Italian regulator CONSOB the offer document for its bid for smaller rival Banca Popolare di Sondrio.
• Pirelli PiRC reports a 2025 adjusted earnings before interest and tax margin of around 16%.
• Enel Enel has completed the acquisition of 100% of Corporation Acciona Hidraulica.
• MFE-MediaForEuropee MFEA reports a 15% rise in 2024 full-year profit.
• Juventus knocked Juventus out of the Coppa Italia with a dramatic 4-2 penalty shootout win.
