FedEx (FDX.N) U.S. shares extended overnight losses in after-hours trading, down about 6%.

People familiar with the matter say Prime Minister Giorgia Meloni is assessing holding the next election as early as April 2027, several months before the legal deadline at end-2027. She is concerned her support could weaken if the vote is delayed and that a late election would leave a new government insufficient time to pass next year’s budget before year-end. The proposal, one of several options under consideration, has been raised with President Mattarella’s office, which must dissolve parliament and call a vote. Spokespeople for Meloni and Mattarella declined to comment.

US S&P Global preliminary June manufacturing PMI 55.7, consensus 54.8, prior 55.1.