European Economic Landscape Under Review Amid Upcoming German Elections
Key focus on German elections, domestic energy bills, and corporate earnings in a week marked by significant economic events.
The economic and financial landscape in Europe is set for a consequential week, with particular attention on the forthcoming German elections, where the rise of the Alternative for Germany (AfD) poses challenges to the traditional parties vying to establish a new governing majority.
Amid this political backdrop, the Italian government is preparing to unveil a highly anticipated energy bill, aimed at mitigating soaring energy costs, with a council of ministers meeting scheduled for Tuesday to discuss the draft.
The corporate earnings season continues, with major companies such as ENI, STELLANTIS, and SAIPEM scheduled to report their quarterly financial results.
A significant event is expected on Thursday, February 27, during the Banco BPM annual shareholders’ assembly, where a vote will determine the future of an acquisition bid for Anima, which has provoked a response from UNICREDIT.
On the international front, Nvidia's earnings report is also expected to draw attention.
Economic indicators will be front and center this week, as data on inflation in the Eurozone is anticipated to remain stable.
Moreover, updated GDP figures from both the United States and Germany are set to be released, alongside the European Central Bank's (ECB) meeting minutes.
Monday, February 24
Rome: An Italian-Emirati business forum organized by the Ministry of Foreign Affairs and the UAE ministries will feature speeches from dignitaries including Foreign Minister Antonio Tajani and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi, alongside a signing ceremony for trade agreements.
The event will conclude with participation from UAE President Sheikh Mohammed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni.
Rome: The INPS (National Institute of Social Security) will present its 2024 Gender Report.
Rome: A meeting concerning the Beko dispute will occur at the Ministry of Enterprises and Made in Italy.
Milan: The III Congress of FIRST CISL Milan Metropolis opens.
Milan: An event on energy transition challenges hosted by Assolombarda will take place.
Milan: The second edition of the 'Open Doors' initiative for young people and communities will be launched by Fondazione Cariplo.
Eurozone: Final inflation report for January.
Tuesday, February 25
Rome: Italian Investment Council 2025 will be held, featuring key attendees from various sectors.
Milan: The III Congress of FIRST CISL Milan Metropolis concludes.
Milan: The fifth edition of the Mobility Hub discussing the future of the Italian automobile market will occur.
Eurozone: ACEA will release data regarding car registrations in Europe for January.
Germany: GDP information for Q4 is expected.
USA: The home price index for December and consumer confidence for February will be published.
Wednesday, February 26
Rome: A BOT auction is scheduled.
Rome: An event on hydropower’s value for Italy will take place, attended by key government officials.
Rome: Minister Adolfo Urso will present on nuclear energy and the energy transition.
Rome: The Lazio Region and Unindustria will present a new joint strategy for industrial growth.
Milan: Banca Popolare di Sondrio will unveil its 2025-2027 industrial plan.
Milan: Edison Energia will present its development plan.
Stellantis: 2024 results will be released in the morning, with a subsequent conference call in the afternoon.
Thursday, February 27
Milan: Banco BPM's annual assembly occurs.
Roma: Istat will release data on consumer and business confidence for February.
Rome: Istat will publish reports on industrial and service sector revenues for December 2024.
Rome: Eni will present its Capital Markets Update and results for FY 2024.
Roma: Eurispes will share findings from their research on the management of European funds in Italy.
Rome: An ABI hearing regarding banking laws will take place.
Milan: The 'CvSecuritisationDay' focused on securitization initiatives will be conducted.
Cape Town: Ministerial discussions between G20 and G7 economics will include Italy's Economy Minister Giancarlo Giorgetti.
ECB: The minutes from the latest meeting will be published.
Various European countries including Spain, Germany, and France will release inflation data and other economic indicators for February.
Friday, February 28
Rome: Istat's reports on January's trade with non-EU countries will be released.
Rome: Istat will unveil the provisional estimate of consumer prices for February.
Rome: Inauguration of the XII edition of the Team Manager Course.
Manciano: The fifth edition of the 'Forum in Masseria' will feature speeches from various government officials.
Cape Town: G20/G7 ministerial meetings continue.
Economic data from Japan, Germany, France, and the US will include various reports on retail sales, industrial production, and consumer confidence.
Saipem will hold a media briefing detailing their 2024 results and future strategy.
Amid this political backdrop, the Italian government is preparing to unveil a highly anticipated energy bill, aimed at mitigating soaring energy costs, with a council of ministers meeting scheduled for Tuesday to discuss the draft.
The corporate earnings season continues, with major companies such as ENI, STELLANTIS, and SAIPEM scheduled to report their quarterly financial results.
A significant event is expected on Thursday, February 27, during the Banco BPM annual shareholders’ assembly, where a vote will determine the future of an acquisition bid for Anima, which has provoked a response from UNICREDIT.
On the international front, Nvidia's earnings report is also expected to draw attention.
Economic indicators will be front and center this week, as data on inflation in the Eurozone is anticipated to remain stable.
Moreover, updated GDP figures from both the United States and Germany are set to be released, alongside the European Central Bank's (ECB) meeting minutes.
Monday, February 24
Rome: An Italian-Emirati business forum organized by the Ministry of Foreign Affairs and the UAE ministries will feature speeches from dignitaries including Foreign Minister Antonio Tajani and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi, alongside a signing ceremony for trade agreements.
The event will conclude with participation from UAE President Sheikh Mohammed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni.
Rome: The INPS (National Institute of Social Security) will present its 2024 Gender Report.
Rome: A meeting concerning the Beko dispute will occur at the Ministry of Enterprises and Made in Italy.
Milan: The III Congress of FIRST CISL Milan Metropolis opens.
Milan: An event on energy transition challenges hosted by Assolombarda will take place.
Milan: The second edition of the 'Open Doors' initiative for young people and communities will be launched by Fondazione Cariplo.
Eurozone: Final inflation report for January.
Tuesday, February 25
Rome: Italian Investment Council 2025 will be held, featuring key attendees from various sectors.
Milan: The III Congress of FIRST CISL Milan Metropolis concludes.
Milan: The fifth edition of the Mobility Hub discussing the future of the Italian automobile market will occur.
Eurozone: ACEA will release data regarding car registrations in Europe for January.
Germany: GDP information for Q4 is expected.
USA: The home price index for December and consumer confidence for February will be published.
Wednesday, February 26
Rome: A BOT auction is scheduled.
Rome: An event on hydropower’s value for Italy will take place, attended by key government officials.
Rome: Minister Adolfo Urso will present on nuclear energy and the energy transition.
Rome: The Lazio Region and Unindustria will present a new joint strategy for industrial growth.
Milan: Banca Popolare di Sondrio will unveil its 2025-2027 industrial plan.
Milan: Edison Energia will present its development plan.
Stellantis: 2024 results will be released in the morning, with a subsequent conference call in the afternoon.
Thursday, February 27
Milan: Banco BPM's annual assembly occurs.
Roma: Istat will release data on consumer and business confidence for February.
Rome: Istat will publish reports on industrial and service sector revenues for December 2024.
Rome: Eni will present its Capital Markets Update and results for FY 2024.
Roma: Eurispes will share findings from their research on the management of European funds in Italy.
Rome: An ABI hearing regarding banking laws will take place.
Milan: The 'CvSecuritisationDay' focused on securitization initiatives will be conducted.
Cape Town: Ministerial discussions between G20 and G7 economics will include Italy's Economy Minister Giancarlo Giorgetti.
ECB: The minutes from the latest meeting will be published.
Various European countries including Spain, Germany, and France will release inflation data and other economic indicators for February.
Friday, February 28
Rome: Istat's reports on January's trade with non-EU countries will be released.
Rome: Istat will unveil the provisional estimate of consumer prices for February.
Rome: Inauguration of the XII edition of the Team Manager Course.
Manciano: The fifth edition of the 'Forum in Masseria' will feature speeches from various government officials.
Cape Town: G20/G7 ministerial meetings continue.
Economic data from Japan, Germany, France, and the US will include various reports on retail sales, industrial production, and consumer confidence.
Saipem will hold a media briefing detailing their 2024 results and future strategy.
Translation:
Translated by AI
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