PEERS & MARKETS

Major european financial markets was down in the week from 18 and 22 March 2013 (Milan -0.1%, London -1.5%, Paris -1.9%, -1.6% Frankfurt, Madrid -3.4%) following the renewed fears  on Euro due to the Cyprus crisis.

PEERS & MARKETS

The week between the 4th and 8th of March 2013 ended with an upswing of the major European Stock Exchange lists (Milan +4.3%, London +2.2%, Frankfurt 3.8%, Paris +3.5%, Madrid +4.6%). The economic and political uncertainties in the Eurozone seem to disappear in the background of international markets when contrasted with the will of Central Branks to continue supporting the economies with unconventional measures. Labour data from the U.S. are also positive – the unemployment rate down to 7.7% and the week’s requests for benefits to 340,000.

Positive the Auto&Parts Industry, after last week’s sales (+3.5% lo Stoxx Auto, +7.1% YTD). Amongst the main OEMs where purchases focused due to their weekly performance, Peugeot (+18.7%) and Renault (+11.2%), the latter having validated its competitive agreement with French Unions this week.

Mixed trends in the European Tyre Business: Michelin goes down (-0.9%), while Nokian is up (+1.7%). Continental is buoyant (+9.0%), after publishing its  FY12 results. Pirelli closes the week at 8.80 (+2.7%, +1.6% YTD).

PEERS & MARKETS

Major European stock indexes were positive in the week from 10 to 14 December 2012 (Milan +1.3%, London +0.1%, Frankfurt +1.0%, Paris +1%). Despite the still open debate on “fiscal cliff” and 2013 budget in the U.S., the expansion on manufacturing activity data in China after 13 months (provisional HSBC PMI index to 50.9 points versus 50.5 points in November) and the easing of tensions in Europe with the granting of the final tranche of aid to Greece, supported markets.

European Auto & Parts achieved the best performance across sectors (+3.1% Stoxx Auto) driven by the newsflow and by rumors about extraordinary transaction regarding some European OEM. Auto&Parts stocks were not affected by the already expected market data published on Friday by Acea: auto registrations in November were down 10.3% year-over year, -7.3% the year to date figure.

Pirelli ended the week at € 8.91 up by 0.6% with an average daily trading volume of approximately 5 million. The stock since the beginning of the year recorded a performance of 37%, 31.5 percentage points above the benchmark (FTSE Mib).