Main European stock markets were up in the week from June 25 to 29 2012 (Milano +4.5%, Londra +1%, Francoforte +2.4%, Parigi +3.4%, Madrid +3.3%). After some volatility in the beginning of the week, decisions made by European leaders in the June 28-29 summit pushed indexes upward in the last trading session (the highest rebound since 7 months ago). Brokers welcomed the 120 billion € package for growth and the automatic intervention of the ESM on bond markets supporting south European countries.
The Auto&Parts sector was up: +1.7% the reference Stoxx index.
Pirelli ended the week at 8.295€ up by 2.4% with an average daily traded volume of 2.7 million pieces. Pirelli stock is still among the top five performers in the FTSE Mib Index, with an year-to-date performance of 27.5% (+32.9pp vs FTSE Mib).