Major European stock Exchanges were up in the week from 1 to 5 October 2012 (Milan +5.2%, London +2.2%, Frankfurt +2.5%, +3% Paris, Madrid +3.2%) with indexes positively affected by unexpected decline in the unemployment rate in the U.S. (7.8%-0.3pp in September, compared with estimates 8 .2%).
Best performance by sector for Auto & Parts (+5.1% Stoxx Auto) following the positive data of September U.S. auto sales (+14% yoy overall, 17% of the European brands) and the good premium car registrations trend in China (BMW + 55% YoY, Audi +20% YoY). Major European OEMs ended in line with the index: BMW +7.2%, +7.8% Fiat, VW +3.7%, +4.3% Daimler.
Similar trend for Pirelli share which ended the week at € 8.92 with an increase of 6.4% and an average daily trading volume of about 3.7 million units. The year-to-date performance stands now at +37.1%.