The following factors could affect Italian markets on Wednesday.
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
French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni vowed to work jointly for a stronger Europe as they met on Tuesday following bilateral tensions over Ukraine, trade, and relations with the United States.
ECONOMY
May services PMI data (0745 GMT).
(*) Wednesday is the deadline for U.S. trading partners to submit their "best offer" to avoid punishing import tax rates, the same day that U.S. duties on imported steel and aluminium kick in.
DEBT
Italy's Treasury said on Tuesday it had mandated banks to sell a new syndicated dual-tranche issue of a new 5-year BTP bond due October 1, 2030 and a top-up of a 30-yr green BTP bond due October 30, 2037.
The transaction will be launched in the near future subject to market conditions, the Treasury added.
COMPANIES
UNICREDIT MIL:UCG, BANCO BPM MIL:BAMI
An Italian regional administrative court holds a hearing on UniCredit's appeal against government-imposed 'golden power' terms on its bid for Banco BPM.
MEDIOBANCA MIL:MB, BANCA GENERALI MIL:BGN, GENERALI MIL:G
Francesco Gaetano Caltagirone, one of the main investors in Mediobanca, is urging its board to delay a June 16 shareholder vote on the proposed acquisition of private bank Banca Generali, his holding company VM 2006 said on Tuesday.
(*) MONTE DEI PASCHI MIL:BMPS, MEDIOBANCA, GENERALI
The Tuscan bank's bid for Mediobanca makes no industrial sense, Philippe Donnet, the chief executive of insurer Generali, told daily la Repubblica on Wednesday, adding that the bid was aimed at taking charge of his company.
(*) IFIS MIL:IF, ILLIMITY (ILTY.MI)
If the take-up in the Venice-based bank's bid for digital bank Illimity should fall short of the 67% threshold set, Ifis may aim to complete the merger in a second phase, by buying shares on the market, daily MF wrote on Wednesday.
STELLANTIS MIL:STLAM
Italy's market for new cars was broadly flat in May, registering a marginal 0.16% decline compared to the same month of last year, transport ministry data showed on Tuesday.
Market leader Stellantis lost ground, with sales decreasing by 7.99% year-on-year and its market share dropping to around 28% from 30.6% in April, according to Reuters calculations.
TELECOMS, TELECOM ITALIA MIL:TIT
A push by Italy's government for state-backed telecoms firms Open Fiber and FiberCop to accelerate work on a European Union-funded network plan has hit a snag as the companies are struggling to agree terms of a potential deal, three sources said.
SNAM MIL:SRG
The Italian gas grid operator said on Tuesday it had renewed a memorandum of understanding originally signed in 2023 with Slovakia's SPP on potential cooperation on the security of natural gas supplies.
(*) STMICROELECTRONICS EURONEXT:STMPA
The Franco-Italian ownership of the chipmaker, which has been at odds in recent years, may decide to split up the company into separate Italian and French parts, Italian daily La Stampa wrote on Wednesday.
According to the newspaper, the company has asked legal firms and investment banks to study a dossier for a possible break-up, which would in any case not take place for at least three years
Italian Industry Minister Adolfo Urso said on Tuesday that there were talks between the Italian and French governments over the governance of the company and he hoped that they would find an agreement in the "shortest time possible".
JUVENTUS MIL:JUVE
The club said on Tuesday it had parted ways with football director Cristiano Giuntoli by mutual agreement, "following a joint assessment of future prospects and mutual needs."
DIARY
Event "Italy transforms itself, a capital challenge" online (1400 GMT) with Caltagirone MIL:CALT Chairman Francesco Gaetano Caltagirone, Foreign Minister Antonio Tajani, Acea MIL:ACE CEO Fabrizio Palermo, Fincantieri MIL:FCT CEO Pierroberto Folgiero, Edison MIL:EDNR CEO Nicola Monti, Enel MIL:ENEL Italian head Nicola Lanzetta, EU Affairs Minister Tommaso Foti, fashion house Dolce&Gabbana CEO Alfonso Dolce, Interior Minister Matteo Piantedosi.
Assogestioni releases April fund flows data (0900 GMT).
FTSE MIB share index release results of quarterly review effective as of June 23.
Rome, Industry Minister Adolfo Urso attends inauguration ceremony of exhibition "Exhibiting Innovation: the Trade Fairs Hub of Made in Italy" (1030 GMT).
Rome, Transport Association (ASSTRA) 19th conference "Ready for the future, let's build tomorrow's mobility" starts (1330 GMT); ends on June 5. On Wednesday expected attendees include Infrastructure and Transport Minister Matteo Salvini.
Rome, Cabinet meeting expected (1530 GMT).
Rome, Defence Minister Guido Crosetto delivers closing address at conference "Italy, Europe and security in the 21st century" (1600 GMT).
Milan, event "Sky Tg24-Live In Milan" (1000 GMT); expected attendees in videoconference include Defence Minister Guido Crosetto, Interior Minister Matteo Piantedosi, Industry Minister Adolfo Urso.
Naples, 2nd UNESCO conference "Cultural Heritage in the 21st Century" starts; ends on June 6. On Wednesday Foreign Minister Antonio Tajani delivers opening address (1000 GMT); institutional session with Culture Minister Alessandro Giuli, UNESCO Director General Audrey Azoulay (1145 GMT).
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