The week from 26 to 30 November 2012 was a positive one for major European markets (Milan +1.1%, London +0.8%, Frankfurt +1.3%, Paris +0.8%) thanks to the agreement on economic aid package for Greece: Eurozone Finance ministers have given the go-ahead to 34.4 billion euro to the Greek Government. The positive environment was also supported by European macroeconomic data as the Germany labour data and Economic Sentiment Index in Europe resulted better than expected in November.
Auto&Parts sector was also up by 3.1%, despite the not-encouraging data on European Commercial Vehicles registrations in November: compared to the same month of 2011 there was a decline of 9.4% to 147,000 units.
Pirelli ended the week at € 8.92 up by 5.3% with an average daily trading volume of about 1.8 million. The stock, with a YTD performance of 37.1% is still one of the top 10 blue chip in Milan Stock Exchange with a performance year-to-date vs FTSE Mib Index of +32.4 percentage points.