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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

International stock markets ended the week March 21-25 with sharp gains (Milan +3.7%, London +4.2%, Frankfurt +4.2%, Paris +4.3%).

Despite uncertainties associated with the situation in Japan, the crisis in Libya and fears over Portugal debt (downgrade by Standard & Poor’s and Fitch), positive macroeconomic data from the US (+3.1% GDP of the fourth quarter 2010) and Germany (PMI exceeding expectations) feed the trust of traders and encourage buying.
Sharp gains in the Auto&Parts sector and the Technology sector (+4.5% e +4.4% Stoxx indices) which benefit from buying after being penalised by the situation in Japan last week.

Pirelli ended the week at Euro 6.25 with positive gains of 5.4% ahead of the sector average and benchmark market indexes (+3.7% FTSE Mib). A daily average of 3 mln shares were exchanged.

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PEERS & MARKETS

Severe drawback on major international stock markets on the week of March 14-18 (Milan -3%, London -1.9%, Frankfurt -4.5%, Paris -3%, Tokyo -10.2%) primarily reflecting the nuclear threat in Japan after the strong earthquake and the potential impact on the global economic system.
Fear on the situation in Libya that continues to unravel also reflected negatively on the market and oil prices hit new highs (prices on March 18: Brent around $114, WTI at $101).
Pirelli ends the week at € 5.93, a drop of 1.9%, but contained losses compared to the European index (-3.4% Stoxx Auto&Parts) and the sector. A daily average of 5 mln shares were exchanged.
Moreover, RBS confirms  the BUY rating on the stock with a TP of €8.

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