Italy - Factors to watch on June 24

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 (*).

For a complete list of diary events in Italy please click on IT/DIA.

POLITICS

Italy will comply with a new NATO spending target of 5% of gross domestic product on defence and security, Prime Minister Giorgia Meloni said on Monday, but it will take 10 years to do so and wants changes to EU budget rules in order to make it possible.

DEBT

Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on June 27.

COMPANIES

MEDIOBANCA MDBI.MI

The Milanese bank will present a set of financial targets to 2028 on June 27, adding two years to its current financial projections, to give investors a clearer picture to compare with Monte dei Paschi's takeover offer, the bank said on Monday.

MONTE DEI PASCHI BMPS.MI, MEDIOBANCA MDBI.MI

The European Central Bank has cleared the Tuscan bank's proposed acquisition of rival Mediobanca, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshape Italian finance.

(*) MONTE DEI PASCHI BMPS.MI, UNICREDIT CRDI.MI

The European Commission is examining the Italian government's sale of shares in Monte dei Paschi last year, following claims that large investors - including UniCredit CRDI.MI, Norway's oil fund and BlackRock - were shut out of the bidding process, the Financial Times reported on Tuesday.

(*) ENI ENI.MI

Italy's antitrust authority said on Tuesday it had imposed fines totalling more than 32 million euros ($37.18 million) on energy company Eni ENI.MI and its unit Novamont for abuse of dominant position in the production of plastic bags.

(*) POSTE ITALIANE PST.MI

Jefferies on Tuesday cut the rating of the Italian postal service to 'hold' from 'buy' and raised the target price to 18.40 euros from 18 euros.

(*) SAIPEM SPMI.MI, ENI ENI.MI

The Italian oilfield services company said on Tuesday it had won a contract worth some 155 million euros ($180.08 million) from Enilive, the biofuel company of energy firm Eni, for engineering, procurement, and construction (EPC) activities at Enilive's biorefinery in Porto Marghera, near Venice.

(*) PRYSMIAN PRY.MI

Deutsche Bank said on Tuesday it had begun coverage of the world's largest cable maker, with a 'buy' rating and a target price of 67 euros.

SAFILO SFLG.MI

The Italian eyewear group said on Monday fashion house Carolina Herrera had renewed a multi-year global eyewear licence agreement.

TELECOM ITALIA (TIM) TLIT.MI

Annual and extraordinary (0900 GMT) and savings (1100 GMT) shareholders' meetings.

MFE-MEDIAFOREUROPE MFEB.MI

Extraordinary shareholders' meeting (0630 GMT).

DIARY

Prime Minister Giorgia Meloni attends NATO summit in The Hague, the Netherlands (to June 25).

Rome, Meloni addresses Senate ahead of European Council meeting (0730 GMT).

Rome, Meloni at lunch with President Sergio Mattarella ahead of 26-27 June European Council (1130 GMT).

Rome, Economy Minister Giancarlo Giorgetti attends tax police 'Guardia di Finanza' event (1600 GMT).

Rome, builders' association ANCE holds annual meeting (0830 GMT); expected attendees include EU Commission Executive Vice President Raffaele Fitto, ANCE President Federica Brancaccio, Italian Bishops' Conference (CEI) President Cardinal Matteo Maria Zuppi (video message); Infrastructure and Transport Minister Matteo Salvini delivers closing address.

Milan, 2026/2027 Spring/Summer 'Milan fashion week' men's shows end.

Cernobbio, Energy Minister Gilberto Pichetto Fratin attends 'Made in Italy Innovation Forum' on "Innovation is the key to competitiveness".

((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

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/

($1 = 0.8607 euros)