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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

European financial markets were up in the week from September 16 to 20, 2013 (Milan +2.4%, London +0.2%, Frankfurt +2%, Paris +2.2% $, Madrid +2.6%) thanks to the newsflow from Federal Reserve. The U.S. Central Bank has confirmed the expansionary monetary policy with an extension of its $85 billion-a-month asset purchase programme and interest rates at historic lows between 0% and 0.25%.

August  Car Registrations data weighted on Auto&Parts sector weekly performance which resulted slightly above parity (+0.2% Stoxx Auto): data showed a 5% drop compared to last year (-5.2% year to date).

Differently, Tyre stocks were up after Michelin and Goodyear updated their medium to long term targets; Pirelli ended the week at 9.89€, up by 4.3% (+14.3% performance year to date) with an average daily trading volume of about 1.9 million shares.

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1 news Monday, September 23rd, 2013