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 IT/DIA
POLITICS
Italy and India will seek to reinforce diplomatic and trade ties during Prime Minister Narendra Modi's visit to Rome by elevating their relationship to that of a special strategic partnership, an Italian government official said on Tuesday.
DEBT
National statistics bureau ISTAT publishes its 2026 annual report (1100)
COMPANIES
(*) UNICREDIT CRDI.MI
Greece's Alpha Bank ACBr.AT, in which UniCredit holds a 29.8% stake, reported lower first-quarter adjusted net earnings on Wednesday, as weaker income from financial operations and higher staff costs weighed on performance.
(*) LEONARDO LDOF.MI
The state-controlled aerospace and defence group said on Wednesday it had signed a 320 million euro contract with Abu Dhabi Ship Building, the naval arm of Emirati defence group EDGE, to provide next generation naval combat systems for the Falaj 3 configuration for the Kuwait navy 'Al Dorra' missile boat program.
(*) STELLANTIS STLAM.MI
The auto maker is due to announce a joint venture with Dongfeng 600006.SS and a deal to build at least one fully electric Voyah brand vehicle for the state-owned Chinese carmaker at the Franco-Italian company's factory in Rennes, France, two sources familiar with the matter told Reuters.
(*) MAIRE MTCM.MI
The engineering group said on Wednesday it has been awarded additional works related to previously announced orders, with projects located across Asia, Europe and the Americas. It added that the new awards include a large-scale onshore project to be performed by Tecnimont and licensing and process design package activities for a urea plant for Nextchem's subsidiary Stamicarbon.
TELECOM ITALIA (TIM) TLIT.MI
The phone group said on Tuesday that 93.5% of the group's savings shares were converted voluntarily at the end of the conversion period, for a total cash payment of 676.1 million euros. It added that savings shares will be delisted starting from May 21, after the mandatory conversion of the remaining shares.
PIRELLI PIRC.MI
The tyremaker said on Tuesday that the three-year shareholders' agreement between China National tire & Rubber Corporation (CNRC), China's Sinochem 600500.SS unit Marco Polo International Italy, Camfin and Marco Tronchetti Provera& C. had expired.
ENEL ENEI.MI
Enel has launched on the Eurobond market a bond in two tranches intended exclusively for qualified investors for a total of 2.5 billion euros.
(*) ARISTON ARIS.M
Barclays said on Wednesday it initiated coverage of the water heating company with an 'underweight' rating and a target price of 3.10 euros.
DIASORIN DIAS.MI
Investor Day
DIARY
Rome, Indian Prime Minister Narendra Modi meets Italian Head of State Sergio Mattarella (1000); Italian Prime Minister Giorgia Meloni (1130) at Villa Pamphilj.
Roma, FIOM-CGIL union press conference on proposals to relaunch Stellantis production plants in Italy (1200).
Milano, ABI Executive Committee meeting (1000).
Trento, 21st edition of the 'Festival dell'Economia' (1015-1930), ends on May 24.
For Italian market data and news, click on codes in
brackets:
20 biggest gainers (in percentage).............PG.MI
20 biggest losers (in percentage)..............PL.MI
FTSE IT allshare index .FTITLMS
FTSE Mib index........ .FTMIB
FTSE Allstars index... .FTSTAR
FTSE Mid Cap index.... .FTITMC
Block trades.......... .BLK.MI
Stories on Italy...... IT-LEN
For pan-European market data and news, click on codes in
brackets:
European Equities speed guide...................EUR/EQUITY
FTSEurofirst 300 index...............................FTEU3
DJ STOXX index.......................................STOXX
Top 10 STOXX sectors............................PGL.STOXXS
Top 10 EUROSTOXX sectors.......................PGL.STOXXES
Top 10 Eurofirst 300 sectors....................PGL.FTEU3S
Top 25 European pct gainers........................PG.PEUR
Top 25 European pct losers.........................PL.PEUR
Main stock markets:
Dow Jones................DJI Wall Street report ......N
Nikkei 225..............N225 Tokyo report.............T
FTSE 100................FTSE London report............L
Xetra DAX..............GDAXI Frankfurt market stories.F
CAC-40..................FCHI Paris market stories....PA
World Indices.....................................0#.INDEX
Reuters survey of world bourse outlook.........EQUITYPOLL1
Western European IPO diary..........................WEUIPO
European Asset Allocation........................EUR/ASSET
Reuters News at a Glance: Equities...............TOP/EQE
Main currency report:...............................FRX/