News: MQG Italy - Factors to watch on May 5

The following factors could affect Italian markets on Friday.

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 

Italian Foreign Minister Antonio Tajani called off a trip to Paris on Thursday, saying the French interior minister had insulted Italy with comments that were highly critical of Prime Minister Giorgia Meloni.

ECONOMY ISTAT releases March retail sales data (0800 GMT). OECD releases April composite leading indicator data (1000 GMT).

DEBT Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on May 10.

COMPANIES BANCO BPM BAMI.MI Credit Agricole CAGR.PA has not asked banking supervisors for clearance to increase its stake in Italy's third-largest bank above the 9.9% level it recently reached, the head of the French bank's Italian arm said on Thursday.

FERRARI RACE.MI The Italian luxury sportscar maker produced a bigger than expected 27% rise in first-quarter core profit and forecast a strong second quarter, when deliveries start for its new Purosangue model, for which waiting lists extend to 2026.

TELECOM ITALIA (TIM) TLIT.MI The phone group said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to receive an improved offer from at least one of the bidders.

TIM directors met to review rival offers from KKR KKR.N and a consortium comprising Italian state lender CDP and fund Macquarie (MQG) , worth respectively 21 billion euros ($23.13 billion) and 19.3 billion euros.

MONCLER MONC.MI First quarter sales at Italian fashion group jumped by 23%, beating analysts' expectations, boosted by Chinese demand and a solid growth in the EMEA region.

LISTED STATE-CONTROLLED COMPANIES Italy's Treasury aims to limit the annual pay and golden handshakes of top bosses in listed state-controlled firms, a draft proposal seen by Reuters showed on Thursday.

INTESA SANPAOLO ISP.MI Board meeting on Q1 results, followed by conference call (1300 GMT).

CNH INDUSTRIAL CNHI.MI Board meeting on Q1 results, followed by conference call (1330 GMT).

TERNA TRN.MI Board meeting on Q1 results, followed by conference call (1400 GMT).

PIAGGIO PIA.MI Board meeting on Q1 results, followed by conference call on Q1 results.

ANIMA HOLDING ANIM.MI Board meeting on Q1 results.

TECHNOGYM TGYM.MI Annual and extraordinary shareholders' meetings (0800 GMT).

DIARY Rome, Foreign Investors Advisory Board (ABIE) holds annual meeting "Global enterprises and the world to come" and presents 3rd report on "Foreign companies in Italy: between signs of recovery and new global risks"; expected attendees include Foreign Minister Antonio Tajani, Nestle Group NESN.S Italian Chairman and CEO Marco Travaglia, Meta META.O Italian CEO Luca Colombo, Industry Minister Adolfo Urso delivers closing address (0730 GMT).

Milan, Forza Italia party starts national meeting (1000 GMT); ends on May 6.

Milan, conference on "New utilities for new customers: sales, services and renewable energy communities" (0720 GMT); expected attendees include A2A A2.MI CEO Renato Mazzoncini, AGSM AIM CEO Stefano Quaglino, IREN IREE.MI CEO Gianni Armani, Siram Veolia CEO Emanuela Trentin, Hera HRA.MI CEO Orazio Iacono, Edison EDNn.MI CEO Nicola Monti, Enel ENEI.MI Italian Director Nicola Lanzetta, Engie ENGIE.PA Italian CEO Monica Iacono (0755 GMT).

Florence, European University Institute (EUI) ends annual meeting on "Building Europe in times of uncertainty" (0700 GMT); ends on May 6. Expected attendees include Spanish Economy Minister Nadia Calvino, ECB board member Frank Elderson, EU Economy Commissioner Paolo Gentiloni (0730 GMT).

Parma, 'Green Economy Festival' starts; ends on May 7. On Friday opening event with Piovan PVNA.MI CEO Filippo Zuppichin, Iren IREE.MI Chairman Luca Dal Fabbro, Credit Agricole CAGR.PA Italian Senior Country Officer Giampiero Maioli, Environment and energy Security Ministro Gilberto Picchetto Fratin (0830 GMT).

Piombino, LNG ship arrival with cargo of liquefied gas (LNG); expected attendees include Snam SRG.MI CEO Stefano Venier, Environment Minister Gilberto Pichetto Fratin, (1230 GMT); followed by news conference (1330 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

Main stock markets: Dow Jones............... .DJI Wall Street report ..... Nikkei 225............. .N225 Tokyo report............ FTSE 100............... .FTSE London report........... Xetra DAX............. .GDAXI Frankfurt market stories CAC-40................. .FCHI Paris market stories... World Indices..................................... 0#.INDEX Reuters survey of world bourse outlook......... EQUITYPOLL1 Western European IPO diary.......................... WEUIPO European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:...............................

($1 = 0.9081 euros)