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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

Main European stock markets were down for the second consecutive week, (Milan -1.4%, London -2.8%, Paris -3.4%, -3.1% Frankfurt, Madrid -3.5%) suffering from the weak macroeconomic newsflow and the continuing political tensions between Russia and Ukraine.

Fears over a slowdown in the Chinese economy, as confirmed by the February data to the lowest level since 2009 (industrial production +8.6% compared to 2013 against a consensus of +9.5%) together with the data on declining industrial production in the euro area in January (-0.2% yoY vs. +0.5% expected) prompted the sell-off on the markets.

In line with the market sector also the European Auto&Parts sector which was dow 4.4%.

Pirelli ended the week at € 12.04 (-5.3%) with an average daily trading volume around 3 million pieces.


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1 news Monday, March 17th, 2014