The following factors could affect Italian markets on Thursday.

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 .

POLITICS

Italian Prime Minister Giorgia Meloni on Wednesday said using Russia’s assets frozen in Europe to help Ukraine without a solid legal basis would hand Moscow “the first victory since the start of the war”.

Addressing parliament, Meloni said that finding a legal way to use frozen Russian assets to help finance Ukraine remains “far from easy”.

Italy’s Supreme Court on Wednesday upheld an acquittal verdict for Deputy Prime Minister Matteo Salvini in a migrant kidnapping case, meaning no further appeals can be brought against the decision.

ECONOMY

Italy and France on Wednesday said they were not ready to back a trade agreement between the European Union and the South American trade bloc Mercosur, dealing a blow to hopes of finalising the deal in the coming days.

COMPANIES

OVS OVS

The Italian clothing retailer on Wednesday reported an adjusted EBITDA of 50.6 million euros for the third quarter. Adjusted net sales were 451.9 million euros in the period.

GEOX GEO

The Italian shoe maker on Wednesday reaffirmed its operating margin forecast for 2026 but estimated “significantly lower” sales for next year compared to the figures outlined in its 2025-2029 business plan.

Sales are seen to decline at low single-digit compared to 2025 estimates.

STMICROELECTRONICS STMPA

Extraordinary shareholders’ meeting (1600 GMT).

DIARY

Brussels, Prime Minister Giorgia Meloni takes part in EU summit (to December 19).

((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 ITLMS

FTSE Allstars index… ITSTAR

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 indexE3X DJ STOXX indexSXXP 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:

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