Italy - Factors to watch on May 12

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The following factors could affect Italian markets on Monday.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 .ECONOMY (*) The U.S. and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogue forum.Bank of Italy releases March data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks.POLITICSMajor European powers threw their weight behind an unconditional 30-day Ukraine ceasefire on Saturday, with the backing of U.S. President Donald Trump, and threatened President Vladimir Putin with "massive" new sanctions if he did not accept within days.Ukrainian President Volodymyr Zelenskiy responded guardedly on Sunday to a proposal from Russian President Vladimir Putin of rapid direct talks aimed at ending the war, saying Kyiv was willing to talk but only after Moscow agreed to a ceasefire.COMPANIESUNICREDIT MIL:UCG(*) Italy's second-biggest bank strengthened its 2025 outlook on Monday after posting a surprise increase in first-quarter profit, and said it would pursue deals only if they further improved its "unmatched standalone case".Conference call on first-quarter earnings at 0800 GMT.Some board members are seeking clarity from CEO Andrea Orcel on his M&A plans and have asked him to explain the way forward, two sources said, after a spat with the Italian government delivered another setback to his ambition to grow. (*) CEO Andrea Orcel will update UniCredit's board on the bank's bid for Banco BPM only after having talks with the Italian government over the conditions Rome has set on the offer under it so-called 'golden powers' rules, Il Giornale reported on Monday.Germany's new finance minister Lars Klingbeil voiced opposition on Friday to a possible takeover of Commerzbank XETR:CBK by the Italian bank, the German news agency DPA reported.The European Commission has competences on competition but not on national security, Economy Minister Giancarlo Giorgetti said on Saturday when asked about possible opposition from Brussels to 'golden power' conditions that th...

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