Italy - Factors to watch on July 10

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 IT/DIA.

POLITICS

Italy is set to unveil a support scheme worth 300 million euros for small and medium enterprises involved in the reconstruction of Ukraine, Foreign Minister Antonio Tajani said on Wednesday. The measure will be presented at the recovery and reconstruction conference taking place in Rome on July 10-11, the minister said.

(*) Ukrainian President Volodymyr Zelenskiy said on Wednesday he had held a "substantive" conversation with U.S. President Donald Trump's Ukraine envoy, Keith Kellogg, in Rome shortly after Trump pledged to send more defensive weapons to Kyiv.

ECONOMY

ISTAT releases May industrial output data (0800 GMT) and bulletin on the state of the economy in May and June (0900 GMT).

(*) U.S. President Donald Trump launched his global tariff assault into overdrive on Wednesday, announcing a new 50% tariff on U.S. copper imports and a 50% duty on goods from Brazil, both to start on August 1.

DEBT

Treasury sells 7.5 billion euros 12-month BOT bills. Subscriptions close at 0900 GMT.

COMPANIES

UNICREDIT CRDI.MI

Italy's second-biggest bank met renewed German opposition on Wednesday to its takeover ambitions for Commerzbank CBKG.DE after it doubled its voting stake in the rival, pending an Italian court ruling on its bid for domestic target Banco BPM BAMI.MI.

BPER EMII.MI, BANCA POP SONDRIO BPSI.MI

Shareholders in Banca Popolare di Sondrio, holding a 26.8% stake, have tendered their shares to BPER's bid, with two days remaining before the end of the acceptance period, Borsa Italiana said on Wednesday.

BPER's revised offer for Popolare di Sondrio was a positive development but shareholders in the target bank had expected a greater increase in the bid price, Chief Executive Mario Alberto Pedranzini was quoted as saying by financial newspaper MF.

CREDEM EMBI.MI

The Italian bank appointed on Wednesday Stefano Morellini as general manager.

STELLANTIS STLAM.MI

The car maker will start producing its new Fiat Grande Panda model in its Orano plant, in Algeria, starting from December, MF reported on Thursday, adding a no comment from the company. The car is being produced, since the beginning of this year, in the group's site in Serbia.

(*) LEONARDO LDOF.MI, ENAV ENAV.MI

The defence group is expected to send to Ukraine five radar systems for air traffic control, Il Fatto Quotidiano reported on Thursday, adding that the donation will be announced at the Ukraine Recovery Conference in Rome on July 10-11.

During the two-day meeting, Leonardo and Italy's air traffic controller ENAV will sign an MoU with the Ukrainian State Air Traffic Services Enterprise (UkSATSE) for technical support and recovery of damaged infrastructure, the newspaper said.

M&A - FERRERO

The Italian candy maker behind Rocher chocolates and Nutella is nearing a deal to buy cereal maker WK Kellogg KLG.N, a source told Reuters, an acquisition that would combine two of the world's best known consumer food makers.

NEWPRINCES NWLF.MI

The Italian food and beverage group signed on Wednesday a binding agreement with packaged food maker Kraft Heinz KHC.O to buy the Plasmon, Nipiol, BiAglut, Aproten and Dieterba brands as well as a Plasmon production plant in Latina. The enterprise value of the transaction, which is expected to be completed by the second half of 2025, is 120 million euros, the company said.

BRUNELLO CUCINELLI BCU.MI

The fashion group releases its preliminary H1 results, followed by conference call (1600 GMT).

DIARY

Infrastructure and Transport Minister Matteo Salvini in Beijing (China).

Rome, "Conference on Ukraine's Recovery" starts (0800 GMT); ends on July 11. On Thursday Prime Minister Giorgia Meloni and Ukraine President Volodymyr Zelenskiy deliver opening addresses; expected attendees include EU Commission President Ursula von der Leyen, U.S. Envoy Keith Kellogg, German Chancellor Friedrich Merz, Polish Prime Minister Donald Tusk, Economy Minister Giancarlo Giorgetti, Foreign Minister Antonio Tajani, Industry Minister Adolfo Urso, President Sergio Mattarella.

Rome, Italian business lobby Confindustria and French counterpart MEDEF hold bilateral Forum (0630 GMT); expected attendees include EU Commission President Ursula von der Leyen, Industry Minister Adolfo Urso, Confindustria President Emanuele Orsini, MEDEF President Patrick Martin; followed by joint news conference with Orsini and Martin (1030 GMT).

Rome, Senate holds 'question time' session with Economy Minister Giancarlo Giorgetti (1300 GMT).

((Milan newsroom, e-mail: reutersitaly@thomsonreuters.com))

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

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/