Major European stock markets were mixed in the week from 3 to 7 December 2012 (Milan -0.7%, London +0.8%, Frankfurt +1.5%, +1.4% Paris, Madrid -1.1%). The announcement of the bonds buyback for € 10 billion from the Greek government and better-than-expected U.S. labour data (unemployment rate to a minimum of 4 years, 146k non-farm payroll) sustained purchases in the beginning of the week but indexes performance deteriorated after ECB revision of European growth estimates for 2012-2013 (2012 GDP between -0.6% and -0.4%, -0.9% in 2013 and -0.3%).
European Auto & Parts sector (Stoxx Auto) was up by 0.8% due to positive newsflow on November sales data published by Daimler and Ford.
Pirelli ended the week at € 8.86 (-0.7%) with an average daily trading volume of around 1.8 million units. The stock has gained 36.2% YTD outperforming the reference index by 32.2 percentage points (vs FTSE Mib +7 pp vs Stoxx Auto ytd).