London – Stock prices of major tire makers provided mixed signals in recent weeks with US and Japanese companies generally registering a positive trend.
According to ERJ’s snapshot of global stock markets, share prices of key European tire makers covered by the review fell over the four weeks to 4 Oct.
The price improvements in the US seemingly reflect reports suggesting that the trade war between the US and China might come to an end soon.
Bridgestone (Tokyo) Yen4,096 (6 Sept) to Yen4,205 (4 Oct)
Cooper Tire (NYSE) $24.20 to $25.12
Goodyear (Nasdaq) $12.19 to $13.82
Michelin (Paris) €99.90 to €97.50
Nokian (Helsinki) €25.67 to €24.86
Pirelli (Borsa Italiano) €5.13 to €5.08
SRI (Tokyo) Yen1,231 to Yen1,277