International stock markets ended the week March 21-25 with sharp gains (Milan +3.7%, London +4.2%, Frankfurt +4.2%, Paris +4.3%).
Despite uncertainties associated with the situation in Japan, the crisis in Libya and fears over Portugal debt (downgrade by Standard & Poor’s and Fitch), positive macroeconomic data from the US (+3.1% GDP of the fourth quarter 2010) and Germany (PMI exceeding expectations) feed the trust of traders and encourage buying.
Sharp gains in the Auto&Parts sector and the Technology sector (+4.5% e +4.4% Stoxx indices) which benefit from buying after being penalised by the situation in Japan last week.
Pirelli ended the week at Euro 6.25 with positive gains of 5.4% ahead of the sector average and benchmark market indexes (+3.7% FTSE Mib). A daily average of 3 mln shares were exchanged.
Categories: Peers & Markets