Italy - Factors to watch on May 19

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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 .POLITICSU.S. Vice President JD Vance alongside Secretary of State Marco Rubio attended the inaugural Mass of Pope Leo on Sunday in Rome. Vance met Ukrainian President Volodymyr Zelenskiy on Sunday. In a separate meeting, he met EU Commission President Ursula von der Leyen and Italian Prime Minister Giorgia Meloni and said he hoped their encounter would help move forward trade talks between the EU and the United States.The Ukrainian leader had a private meeting with Leo while the U.S. Vice President is expected to see the pope on Monday. (*) British Prime Minister Keir Starmer on Sunday discussed Russia's war against Ukraine with leaders of the U.S., Italy, France and Germany, a Downing Street spokesperson said.(*) Boosting defence spending is a task for all NATO members willing to close gaps with allies, ministers from historic low-spenders Italy and Germany said on Friday, following a round of talks with European counterparts. COMPANIESUNICREDIT MIL:UCGGermany does not expect the Italian bank to launch a full bid for German rival Commerzbank XETR:CBK at present, German Chancellor Friedrich Merz said on Saturday.The Italian bank declined to comment on reports in La Repubblica and Corriere della Sera at the weekend reiterating the lender has asked market regulator Consob to suspend the tender offer for Banco BPM to give UniCredit time to assess the implications of Italy's 'golden power' conditions.TELECOM ITALIA MIL:TITItaly's biggest phone group said on Sunday amendments to the bylaws, including the broadening of corporate purpose, will be submitted for consideration by the Board of Directors at its May 23 meeting. Last week Reuters reported that TIM was considering adding insurance, digital payments and energy to its business as described in its bylaws ahead of expanding the offering of those services.(*) MEDIOBANCA MIL:MBMorgan Stanley on Monday cut the rating on the Italian bank to 'equal weight' from 'overweight' and the target price to 22 euros from 21 euros. (*) AMPLIFON MIL:AMPThe Italian hearing aid maker aims to grow its business both through organic growth and acquisitions but only if they are profitable, its Ch...

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