The following factors could affect Italian markets on Tuesday.
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
U.S. President Donald Trump said on Monday that Russia and Ukraine "will immediately start negotiations" toward a ceasefire and an end to their three-year-old war, speaking after he held a call with Russia's President Vladimir Putin.
European and U.S. leaders welcomed Trump's statement that Pope Leo XIV was interested in hosting Russia-Ukraine talks at the Vatican, Italian Prime Minister Giorgia Meloni said on Monday, although the Vatican did not confirm the pope had made such an offer.
ECONOMY
The Bank of Italy will release March data on foreign investors holdings of Italian government bonds.
The euro zone economy will grow more slowly this year and next because of the trade war started by the United States and uncertainty over when and how it will end, the European Commission said on Monday. Italy's GDP growth forecasts were revised downwards to 0.7% in 2025 and 0.9% in 2026, from 1% and 1.2% predicted in November.
COMPANIES
UNICREDIT MIL:UCG, BANCO BPM MIL:BAMI
EU antitrust regulators have extended their decision deadline on UniCredit's takeover bid for Banco BPM from June 4 to June 19, after a national watchdog asked to take over the review, a European Commission filing showed.
(*) MEDIOBANCA MIL:MB
Italian specialist pension fund Enasarco has a stake of about 2% in the bank, La Stampa reported on Tuesday without citing sources.
Mediobanca said late on Monday that it had filed with market regulator Consob documents for its offer for Banca Generali MIL:BGN.
(*) GENERALI MIL:G
The insurer's board on Wednesday will likely appoint advisers to examine Mediobanca's MIL:MB bid for Banca Generali MIL:BGN, in which it has a 50.6% stake, Il Sole 24 Ore reported on Tuesday.
It added that the board will not, however, assess Generali's non-binding accord with French bank BPCE to combine their asset management units, Generali Investment Holding (GIH) and Natixis Investment Managers.
The daily also reported that although discussions with French unions over the Natixis deal have ended without any critical issues being raised, all of Generali's large shareholders are questioning whether it is worth going ahead with the deal, on which the government could impose conditions, under its so-called 'golden powers' regulation.
BPER MIL:BPE
JP Morgan NYSE:JPM and Blackrock NYSE:BLK have built up stakes in the Italian bank of 9.083% and 5.018% respectively, market watchdog Consob said in a filing on Monday.
FINCANTIERI MIL:FCT
The state-controlled shipbuilder said on Monday it expects its revenues in the underwater business to double in weight by 2027, as it presses on with its expansion in an increasingly profitable sector.
SAIPEM MIL:SPM
Barclays LSE:BARC has acquired a 5.037% stake in the Italian energy contractor, market regulator Consob said in a filing on Monday.
IVECO MIL:IVG
The planned spin-off of the defence business is likely to have a broadly neutral impact on Iveco's BBB-/stable rating, Fitch said on Monday. This is due to the company's solid balance sheet and revenue streams across business lines, which remain sufficiently diversified, it added.
WEBUILD MIL:WBD
Construction work on a giant bridge connecting the Italian mainland to the island of Sicily is expected to begin over the summer, Infrastructure Minister Matteo Salvini said on Monday. Webuild heads the consortium tasked with the project.
DIARY
Economy Minister Giancarlo Giorgetti attends "G7 Finance Ministers and central bank governors meeting" in Banff, Canada (to May 22).
Pre-recorded video interview with ECB board member Piero Cipollone at AsVis Sustainable Development Festival (1000 GMT).
Marghera, roadshow "Collaborative compliance: clear pacts, for strong businesses" with Economy Deputy Minister Maurizio Leo, revenue agency 'Agenzia delle Entrate' Director Vincenzo Carbone (1300 GMT).
Venice, 4th festival of the regions and autonomous provinces’ ends (0730 GMT); on Tuesday expected attendees include EU Commission Vice President Raffaele Fitto (via video conference), Environment and Energy Minister Gilberto Pichetto Fratin, Industry Minister Adolfo Urso.
((Milan newsroom, e-mail: ))
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