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Investor Channel is the communication channel between Pirelli and the financial community. Analysts, shareholders and web users can use the channel for direct dialogue with the Group. The blog is moderated by Pirelli Investor Relations.


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PEERS & MARKETS

European stock markets were mixed in the first week of the year, from the 2nd to the 6th of January 2012 (-2.9% Milan, London +1.5%, +2.7% Frankfurt, Paris -0.7%). Despite positive macroeconomic data from Germany and the US (manufacturing and unemployment rates), concerns about the financial crisis in the euro area prevailed.

The banking sector (Stoxx banks -2.7%), recorded the worst weekly performance discounting the possibility of the need for new resources to address the crisis in the eurozone.

Good performance for Auto&Parts (+6.4% the Stoxx index) thanks to the December car registrations data, particularly in Germany and Brazil.

Pirelli closed the week at € 6.7 with an increase of 3.2%. Cheuvreux included Pirelli stock among the 7 Italian Top Picks in 2012 while Merrill Lynch has confirmed the view on the stock and upgraded the TP to € 6.5 from € 5.8.


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