Italy - Factors to watch on July 28

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

Italy on Monday re-introduced a temporary cut in excise duties on diesel, amid wide-spread protests against soaring energy costs and mounting concerns over the fiscal impact of such moves.

Statistics bureau ISTAT releases June trade data with non-EU countries.

DEBT

The Treasury said on Monday it will sell up to 8 billion euros ($9.10 billion) of bonds at auction on July 30. It also said it was cancelling its scheduled August 13 auction of medium to long-term bonds and its auction of BTPEI bonds on August 26.

On Tuesday the Treasury offers short-term BTPs and BTPEI bonds linked to euro zone inflation.

It will also announce details of its next auction of medium and long-term bonds.

COMPANIES

(*) BANCA MONTE DEI PASCHI BMPS.MI, BANCO BPM BAMI.MI

The bank's advisers are exploring a merger that would mix cash and shares as a possible alternative to Intesa Sanpaolo's ISP.MI offer for Monte Paschi, Bloomberg News reported on Monday.

According to MF, the most likely scenario is that MPS will distribute a special dividend before the transaction is finalized.

(*) STELLANTIS STLAM.MI

The Franco-Italian carmaker said on Tuesday it had agreed to sell its entire shareholding in the Free2move car-sharing business to Germany-based holding company Mutares SE & Co KgaA MUXG.DE by the end of the year.

The carmaker's Brampton plant in Canada, which has been idle since 2023, is being eyed by Roshel, a Canadian armored-vehicle manufacturer, MF reported on Tuesday, citing Toronto CityNews.

SAIPEM SPMI.MI

The Italian oil and gas contractor on Monday revised down its expectations for 2026 core earnings to take into account extra costs linked to the Middle East crisis.

The company will hold on Tuesday an analyst call on its first-half results at 0830 GMT and a media briefing at 1030 GMT.

(*) ENI ENI.MI

The Italian energy group said on Tuesday it had reached the Final Investment Decision (FID) to develop Cronos project, in the deep waters offshore Cyprus, with the aim to bring the first Cypriot gas to market in 2028.

(*) LOTTOMATICA LTMC.MI

The Italian betting firm confirmed on Tuesday its guidance on 2026 adjusted EBITDA, which is expected at the top end of the range of €940 million to €980 million, after posting double digit growth in the second quarter.

THE ITALIAN SEA GROUP TISGR.MI

Italian yatch-maker Sanlorenzo said on Monday that a group led by entrepreneur Riccardo Cima has submitted a binding, secured expression of interest to acquire the entire business of troubled yacht builder The Italian Sea Group (TISG) through a newly formed vehicle, Polo Nautico Carrara (PNC).

(*) BANCA IFIS IF.MI

Several U.S. distressed-debt managers are interested in buying the bank's nonperforming loans division, MF reported on Tuesday. The newspaper named Apollo Global Management APO.N, Fortress and Cerberus as interested parties.

(*) OFFICINA STELLARE OS.MI, LEONARDO LDOF.MI

It signed an 18-month contract with Leonardo to supply high-speed optical terminals for laser communications for the first orbital plane of Leonardo's proprietary Earth-observation constellation. The contract is worth €6.5 million, with about 15% of the total expected to be recognised in 2026.

INWIT INWT.MI

The wireless infrastructure company issues H1 results after market close.

PIAGGIO PIA.MI

The scooter and moped manufacturer issues H1 results.

RECORDATI RECI.MI

The pharmaceutical company issues H1 results.

IPO

Guidotti Ships makes its market debut on Milan's Euronext Growth platform.

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

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/

($1 = 0.8792 euros)