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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The week from June, 17 to 21 was a difficult one for major European stock markets (Milan -5.6%, -3% London, Paris -3.9%, -4.2% Frankfurt, Madrid -4.6%) driven downwards – after the first positive sessions – by the Governor of the Federal Reserve words: due to some signs of improvement in the U.S. economy, Quantitative Easing in the U.S. will be gradually reduced and ended during next year. The news caused a broad sell-off on the markets that struck indiscriminately all sectors.

Bank shares was among the most affected (Stoxx Bank -5.2%) together with European Auto&Parts stocks (-7.1% Stoxx Auto), following poor data on European registrations in May (-5.9% yoy, the smallest since 1993 ) and profit taking after one of the best sector performance year to date (+8.3% YTD last week).

Pirelli ended the week in line with the main Tyre peers at € 8,875 (-4.3%) with an average trading volume of about 2.7 million pieces.

Categories: Pirelli Pirelli Tyre

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