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, ECONOMY

Italy's main business lobby Confindustria called on Tuesday for billions of euros of state aid to help firms cope with high energy costs and the prospect of U.S. trade tariffs.

DEBT

Italy raised 3.14 billion euros from its new 7-year inflation-linked BTP Italia bond, indicating solid demand on the first day of the offer, Milan bourse data showed on Tuesday.

Retail offer for the bond due June 4, 2032 continues on Wednesday and ends on May 29, unless the Treasury opts for an early closure. On May 30 the offer is reserved for institutional investors.

Treasury sells 6.5 billion euros 6-month BOT bills. Subscriptions close at 0900 GMT.

COMPANIES

(*) STELLANTIS STLAM.MI

The automaker has appointed Italian Antonio Filosa as its new chief executive, Stellantis said in a statement on Wednesday.

PIRELLI PIRC.MI

The United States has warned Pirelli that sales of vehicles fitted with its data-collecting technology could be restricted due to concerns over the influence on the tyremaker of its Chinese investor, Bloomberg reported on Tuesday.

(*) The Italian government has no intention of imposing new conditions on Pirelli's Chinese shareholder as part of its so-called "golden powers", La Repubblica daily reported on Wednesday, citing government coalition sources.

UNICREDIT CRDI.MI, GENERALI GASI.MI

UniCredit Chief Executive Andrea Orcel ruled out on Tuesday that his bank could make a play for Assicurazioni Generali, Italy's biggest insurer, in which it has recently acquired a 6.7% stake.

(*) UNICREDIT CRDI.MI, BANCO BPM BAMI.MI

The government may slightly soften the "golden power" conditions it has set on the UniCredit-Banco BPM deal as regards to the request for UniCredit to keep the level of Banco BPM's loans in relation to deposits unchanged for five years, La Repubblica wrote on Wednesday, citing government sources.

The paper also said the Forza Italia government party is insisting on changes to the request for UniCredit to halt operations in Russia, but Economy Minister Giancarlo Giorgetti is against any modifications.

Three companies based in the United Arab Emirates have approached the Italian Treasury putting forward a proposal to buy at a steep discount the Russian operations of UniCredit CRDI.MI, a source with knowledge of the matter said.

(*) WEBUILD WBD.MI

The Italian construction group said on Wednesday it was awarded a contract by the Western Australia Government worth 1.8 billion Australian dollars ($1.16 billion) to build a Women and Babies Hospital in Perth, Australia.

(*) MEDIOBANCA MDBI.MI, BANCA GENERALI BGN.MI

The ISS proxy advisor is recommending Mediobanca shareholders to vote in favour of the bid for Banca Generali.

(*) UNICREDIT CRDI.MI

Moody's has raised the outlook to 'positive' from 'stable', the bank said on Wednesday.

(*) ENI ENI.MI

Moody's has raised the outlook to 'positive' from 'stable', the company said on Wednesday.

(*) MONTE DEI PASCHI DI SIENA BMPS.MI

Moody's on Tuesday raised the rating to 'Ba1' from 'Ba2' and confirmed the positive outlook.

(*) BPER EMII.MI

Moody's on Tuesday upgraded the outlook to 'positive' from 'stable'.

TELECOM ITALIA (TIM) TLIT.MI

Italy's Supreme Court said on Tuesday more checks were needed to assess whether Telecom Italia had properly filed a claim for a refund of 1 billion euros ($1.14 billion) from the Italian state in a dispute over licence fees stemming back to 1998, sources told Reuters.

TIM's shares slid on the news, closing down 2.17%.

DIARY

Prime Minister Giorgia Meloni on official visit to Uzbekistan.

Rome, Foreign Minister Antonio Tajani addresses Chamber of Deputies on the situation in the Middle East (0730 GMT).

Rome, Economy Minister Giancarlo Giorgetti addresses Senate on accounting reform (0800 GMT).

Rome, Italian luxury goods companies association Altagamma holds '2025 Altagamma Day' "Made in Italy Altagamma and international markets" (0730 GMT) with President Matteo Lunelli, Industry Deputy Minister Valentino Valentini, Prada Group 1913.F Chief Marketing Officer & Head of Corporate Social Responsibility Lorenzo Bertelli, Technogym TGYM.MI Chairman Nerio Alessandri.

((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

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/