MILAN (Reuters) - Indexes cautiously up in Piazza Affari amid more calm in markets ahead of the important U.S. inflation test on Wednesday.

The closure of the London Stock Exchange for the coronation-related holiday makes for thin trading that does not exceed 600 million.

Around 1:10 p.m., the FTSE Mib index rises 0.30 percent.

Among the outstanding stocks:

Banking stocks in the spotlight, particularly Mps, which jumps about 5 percent in anticipation of results expected tomorrow morning and the speculative appeal related to M&A. Sources tell Reuters that the Economy Ministry is open to the possibility of reducing its 64% stake in the bank through one or more equity placements on the market.

Also doing well was Banco Bpm up about 1 percent again on the expectation of quarterly results. Intesa Sanpaolo analysts write in the daily that they "have a positive view on the stock supported by the potential upside related to M&A speculation involving the company."

Also picked up were biggies Unicredit and Intesa Sanpaolo up 0.5 percent and 1.1 percent, respectively.

Strong Cnh up 2.6 percent after Friday's release of above-expected quarterly results and after management's guidance to analysts in which they said they were confident about a recovery in margins in 2023.

Prysmian up slightly (+0.5%) after Credit Suisse initiated coverage with an 'outperform' rating and target price of 44 euros.

Autogrill (+3.4%), riding high for a few sessions in a market that seems to be betting on a relaunch by Dufry after the Swiss operator extended the bidding period.

Juventus up 2.4 percent and Lazio down 1.4 percent after the Bianconeri beat Atalanta in the 34th day of the championship, leapfrogging the Biancocelesti, who lost to Milan, into second place in the standings.

Finally, cues on Avio at +0.85% after the Ceo told a newspaper that he confirms record orders and results in line with expectations, on the eve of first quarter results tomorrow.

(Giancarlo Navach, editing Gianluca Semeraro)