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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

Main European stock indexes were down in the week from 8 to 12 October 2012 (Milan -2.3%, London -1.3%, Frankfurt -2.2%, -2% Paris, Madrid -3.8%). Despite the improvement in U.S. unemployment data (jobless claims -30,000), markets were affected by renewed economic growth fears following the cut on China growth estimates by the World Bank (+7.7% vs. +8.2 for 2012 % the previous year) and the downward revision of global estimates by the International Monetary Fund (+3.3% in 2012 vs. +3.5% expected in July).

Similar trend for European Auto&Parts sector (-2.4% Stoxx Auto) as the auto production could further slow down in the second half of 2012.

Pirelli ended the week at € 8,695 (-2.5%) in line with the reference sector. Average daily trading volume was Just over two million. Due to a +33.7% performance year-to-date, Pirelli stock is still one of the top 10 Blue Chip on FTSE Mib.


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1 news Tuesday, October 16th, 2012