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Italy - Factors to watch on May 20
Italy - Factors to watch on May 20
About this update from Saipem S.p.a.
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 .POLITICSU.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.ECONOMYThe 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. COMPANIESUNICREDIT 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 whic...