News: MQG Italy - Factors to watch on June 1

The following factors could affect Italian markets on Thursday.

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

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	POLITICS 

Italy's cabinet on Wednesday approved a bill to create a fund to support domestic firms, the industry minister said in a statement, in a move aimed at shoring up strategic supply chains.

The upcoming national strategic fund for "Made in Italy" products will have an initial endowment of 1 billion euros ($1.10 billion) in state cash, the statement said, adding it would also aim to boost procurement of "critical raw materials."

The head of Italy's central bank Ignazio Visco on Wednesday backed the introduction of a minimum wage to address social inequalities, in comments that contrast with the position of Rome's right-wing government.

COMPANIES

STELLANTIS STLAM.MI The Moody's ratings agency on Wednesday upped the outlook for the Italo-Franco-American carmaker to positive from stable, citing its "continued progress in terms of margins and leverage improvements".

It also said a long-term rating upgrade to Baa1 from Baa2 is "likely" if the company is able to sustain adjusted EBITA margins of more than 8% and keep its debt/EBITDA ratio below 2.0x.

LEONARDO LDOF.MI Italy's government on Wednesday lifted an arms embargo on Saudi Arabia linked to the war in Yemen, saying it was no longer necessary given the improved situation on the ground and Riyadh's role in peace mediation efforts.

TELECOM ITALIA (TIM) TLIT.MI Italian state lender CDP will hold a board meeting on Thursday but it will not discuss the bid for TIM's landline grid, a source said, adding that CDP is still working on the matter with its partner Macquarie (MQG) ahead of a June 9 deadline set by TIM to receive improved offers for the asset.

MAIRE TECNIMONT MTCM.MI The Italian engineering group said on Wednesday it would work with the government of Azerbaijan on possible joint projects on renewable energy, energy efficiency and energy transition.

FINECO FBK.MI The Italian bank will enter the FTSE EuroMid index from June 19, FTSE Russell said.

FTSE MIB No changes in the FTSE MIB blue chip index following a quarterly review, FTSE Russell said.

ECONOMY May PMI manufacturing HCOB data (0745 GMT). ISTAT releases April unemployment rate date (0800 GMT). Transport Ministry releases May car sales data (1600 GMT). May state sector borrowing requirement data.

DEBT Treasury announces coupons of new 4-year 'Btp Valore', BTP bond for retail investors only.

COMPANIES AUTOGRILL AGL.MI Dufry DUFN.S ends full mandatory takeover bid on Autogrill ordinary shares.

DIARY Moldova, Italian Prime Minister Giorgia Meloni attends second European Political Community (EPC) meeting to discuss issues affecting the continent, including security and energy.

Oslo, NATO Foreign ministers meeting ends; Italian Foreign Minister Antonio Tajani attending.

Washington, Italian Industry Minister Adolfo Urso starts his visit to U.S.; ends on June 2.

Rome, Italian President Sergio Mattarella attends a concert in honour of accredited diplomatic corps; senior institutional figures attending (1600 GMT).

Rome, government holds meeting with state auditor 'Corte dei Conti'; expected attendees include European Affairs, South and PNRR Minister Raffaele Fitto, Cabinet Undersecretaries Alfredo Mantovano and Giovanbattista Fazzolari; Corte dei Conti President Guido Carlino, Deputy President Tommaso Miele, Attorney General Angelo Canale, Secretary General Franco Massi.

Rome, Joint Operations Command (COVI) Chief General Francesco Paolo Figliuolo speaks before Senate and Chamber of Deputies Foreign Affairs and Defence committees on Italy's participation in foreign military missions (0600 GMT).

Rome, state lender Cassa Depositi e Prestiti (CDP) holds annual general meeting on 2nd call.

Turin, "Economy International Festival" starts (0900 GMT); ends on June 4. On Thursday expected attendees include EU Competition Commissioner Margrethe Vestager via videoconference (0900 GMT); expected attendees include at opening ceremony Piedmont Governor Alberto Cirio, Turin Mayor Stefano Lo Russo (1000 GMT); dialogue with 2001 Economy Nobel Prize winner Michael Spence (1030 GMT); John Elkann, Chairman for Stellantis STLAM.MI , Ferrari RACE.MI , Exor EXOR.AS (1200 GMT); EU Economy Commissioner Paolo Gentiloni (1300 GMT); Intesa Sanpaolo ISP.MI Chairman Gian Maria Gros-Pietro (1400 GMT).

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FTSE Mib index........ .FTMIB FTSE Allstars index... .FTSTAR FTSE Mid Cap index.... .FTITMC Block trades.......... .BLK.MI Stories on Italy...... IT-LEN 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

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