Major international financial markets ended down the week fom 23 to 27 September, 2013 (Milan -1.8%, -1.3% London, Frankfurt -0.2%, Paris -0.4%). The debate on U.S. debt ceiling on which an agreement has not yet reached and the political tensions in Italy increased uncertainty among operators dragging down European markets. Among the sectors, the most affected were bank stocks with the reference European index (Stoxx Bank) down 1.7%.
Almost unchanged the European Auto & Parts sector (+0.1%).
Pirelli after having peaked at 10.2 €, ended on last week’s levels to €9.86 (-0.3%) discounting profit takings and the negative trend of the reference market; just over 2 million the average daily volume traded. Year to date the stock has gained 13.9%, +5.5 percentage points compared to the FTSE Mib.