Leaving BNY Website

 

You are leaving the BNY Mellon's Depositary Receipts' Website.
Linked sites are not under the control of The Bank of New York Mellon Corporation or any of its subsidiaries or affiliates (together, the "Company") and the Company is not responsible for the content of any linked site or any link contained in a linked site. If you choose to link to a website not controlled by the Company, you do so entirely at your own risk and the Company makes no warranties, either express or implied, concerning the content of such site, including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does the Company warrant that such site or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. The Company does not guarantee the authenticity of documents on the Internet. Links to other sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such sites. The Company reserves the right to terminate any link at any time.

Do you wish to continue to the linked site on these terms?

Stay On Page
Leave Page

© 2025 The Bank of New York Mellon Corporation

Depositary Receipt business and services are conducted through The Bank of New York Mellon.

BNY - DR Legal Disclaimer
  

To learn more about DRs, please contact DRBrokerSolutions@bny.com.

 

The information and data provided herein are provided for general informational purposes only.  BNY does not warrant or guarantee the accuracy, timeliness or completeness of any such information or data.  BNY does not undertake any obligation to update or amend any information or data, and may change, update or amend any information or data at any time without prior notice.

 

BNY provides no advice, recommendation or endorsement with respect to any company or securities.  No information or data is intended to provide legal, tax, accounting, investment, financial, trading or other advice on any matter, and is not to be used as such.  We expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon any information or data, including market value loss on the sale or purchase of securities or other instruments or obligations.

 

Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

 

BNY collects fees from DR holders pursuant to the terms and conditions of the DRs and any deposit agreement under which they are issued.  From time to time, BNY may make payments to an issuer to reimburse and/or share revenue from the fees collected from DR holders, or waive fees and expenses to an issuer for services provided, generally related to costs and expenses arising out of establishment and maintenance of the DR program.  BNY may pay a rebate to brokers in connection with unsponsored DR issuances; brokers may or may not disclose or pass back some or all of such rebate to the DR investor.  BNY may also use brokers, dealers or other service providers that are affiliates and that may earn or share fees and commissions.

 

BNY may execute DR foreign currency transactions itself or through its affiliates, or the Custodian or the underlying Company may execute foreign currency transactions and pay US dollars to BNY.  In those instances where it executes DR foreign currency transactions itself or through its affiliates, BNY acts as principal counterparty and not as agent, advisor, broker or fiduciary.  In such cases, BNY  has no obligation to obtain the most favorable exchange rate, makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate. BNY earns and retains revenue on its executed foreign currency transactions based on, among other things, the difference between the rate it assigns to the transaction and the rate that it pays and receives for purchases and sales of currencies when buying or selling foreign currency for its own account.  The methodology used by BNY to determine DR conversion rates is available to registered Owners upon request or can be accessed here.  In those instances where BNY's Custodian executes DR foreign currency transactions, the Custodian has no obligation to obtain the most favorable exchange rate or that the method by which the rate will be determined will be the most favorable rate, and BNY makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate.  In certain instances, BNY may receive dividends and other distributions from an issuer of securities underlying DRs in U.S. dollars rather than in a foreign currency.  In such cases, BNY will not engage in or be responsible for any foreign currency transactions and it makes no representation that the rate obtained by an issuer is a favorable rate and it will not be liable for any direct or indirect losses associated with the rate.

 

BNY is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.  BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

 

BNY's name, brand and/or trademarks may not be used, copied or reproduced without the prior express written consent of BNY.

 

DEPOSITARY RECEIPTS ARE NOT INSURED BY THE FDIC OR ANY OTHER GOVERNMENT AGENCY, ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF, AND ARE NOT GUARANTEED BY, BNY AND ARE SUBJECT TO INVESTMENT RISKS INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED.

 

Please also see "Terms of Use."

ACCEPT

Please enable cookies in your browser if you wish to proceed.

Regulation S Disclaimer

 

Access To This Company Profile Is Restricted To Non-U.S. Persons Outside The United States Within The Meaning Of Regulation S Under The U.S. Securities Act Of 1933, As Amended (The "Securities Act").1

 

This company profile does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction or under any circumstances in which such offer or solicitation is unlawful.

 

Each person accessing this company profile, by so doing, will be deemed to have acknowledged that: (1) It is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) Any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities.

 

If you agree with and accept the foregoing and the Terms of use governing this site, please select "Accept" below. Otherwise, press "Decline" to return to the previous page.

 

1 As defined in the Securities Act, the term "U.S Person" means: (1) any natural person resident in the United States; (2) any partnership or corporation organized or incorporated under the laws of the United States; (3) any estate of which any executor or administrator is a U.S. person; (4) any trust of which any trustee is a U.S. person; (5) any agency or branch of a foreign entity located in the United States; (6) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) any partnership or corporation if: (A) organized or incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts.

I Accept Decline

© 2024 The Bank of New York Mellon Corporation
Depositary Receipt business and services are conducted through The Bank of New York Mellon.

Back to Daily DR Market Summary

StreetAccount Summary - European Market Recap: FTSE 100 (0.38%) to 7406.42, DAX (0.23%) to 16068.65, CAC (1.12%) to 7291.66

Jul 17 ,2023

  • Synopsis:

    • European equity markets closed lower with pan-European indices around session lower levels. Belgium +0.7%, Portugal and Denmark both +0.5% lead the overperformers whilst Greece (1.7%), Switzerland both (1.2%), Norway and France both (1.1%) lead the decliners.

    • Deloitte survey showed UK CFOs most concerned over higher rates, while house price data shows dip in asking prices. PBOC kept MLF rate unchanged as expected while rolling over maturing funds. Central bank still expected to ease policy as soft June data spurs usual calls for more stimulus. No central bank comments of note from Europe, though ECB President Lagarde, Panetta and Lane to speak today ahead of next week's rate decision. Bloomberg poll said sell-side economists see 4% terminal rate. EU economic affairs commissioner Gentiloni said inflation to be near 2% target in 2024 with core taking longer to slow. Elsewhere, Russia halts grain deal with Ukraine, as expected.

    • A light macro-data calendar includes Italy Jun CPI +6.4% y/y vs preliminary +6.4%; 0.0% m/m vs preliminary 0.0%.

    • On the corporate front, luxury sector eyed after weaker than expected Q1 sales from Richemont (CFR.SW); also, TomTom (TOM2.NA) posted Q2 and raised FY23 guidance whilst - in the Nordics - Nordea Bank (NDA.SE.SS) and Bakkafrost (BAKKA.NO) also issued Q2 numbers. Gam Holding (GAM.SW) expects H1 underlying pretax loss of ~ (CHF23M) vs year-ago (CHF15.4M); board continues to strongly recommend Liontrust offer to all shareholders. Bakkafrost (BAKKA.NO) posts prelim Q2 EBIT DKK353M vs FactSet DKK582.9M due to extraordinarily low harvest volumes in Faroese farming segment and reduced average weight.

    • Elsewhere, Danone (BN.FP) and Carlsberg (CARL.B.DC) saw some of the their Russian assets being placed under temporary Russian state administration, whilst in France, after the Xavier Niel-Matthieu Pigasse-Moez-Alexandre Zouari trio dropped out the race, Daniel Křetínský looks set to win control of Casino (CO.FP), with shares suspended this morning; in India, Proximus (PROX.BB) acquired a 57.6% controlling stake in Route Mobile for an initial consideration INR59.22B (~€643M) in cash.

    • Looking ahead to tomorrow's calendar (see - Europe Week Ahead: Jun 17-21 attached), Novartis (NOVN.SW), SFS Group (SFSN.SW), DKSH Holding AG (DKSH.SW), Zuger Kantonalbank (ZUGER.SW), Kemira (KEMIRA.FH), Terveystalo (TTALO.FH), Citycon (CTY1S.FH), Aker (AKER.NO), NEL (NEL.NO), Atea (ATEA.NO), Borregaard (BRG.NO), kandinaviska Enskilda Banken (SEB.A.SS), Swedbank (SWED.A.SS), Tele2 (TEL2.B.SS), Swedish Orphan Biovitrum (SOBI.SS), Husqvarna (HUSQ.B.SS), Getinge (GETI.B.SS), Schibsted (SCHB.NO), Sweco (SWEC.B.SS), Epiroc (EPI.A.SS), AFRY (AFRY.SS), NCC (NCC.B.SS) and Ocado Group (OCDO.LN) will be among other names to update investors, whilst the macro-calendar releases will include Portugal Jun PPI.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Banks +0.55%, Health Care +0.10%, Media +0.06%, Insurance +0.00%, Personal Care Drug and Grocery Stores +0.00%, Retail (0.31%), Energy(0.37%), Autos & Parts (0.39%), Utilities (0.41%), Financial Svcs (0.54%), Construct & Mtls (0.55%), Telecom (0.58%),

      • Underperformers:

        • Consumer Products and Services (3.30%), Basic Resources (1.99%), Technology (1.44%), Travel & Leisure (1.29%), Real Estate (1.08%), Chemicals (0.74%), Food, Beverage and Tobacco (0.70%),

    • Macro/Peripheral markets:

      • Ukraine/Russia

        • Russia pulls out of Black Sea grain deal - FT

        • Ukraine's future is in NATO, U.S. national security adviser affirms - Politico

      • EU

        • EU-Mercosur trade deal 'within reach', says von der Leyen - FT

        • ECB's Nagel Sees Hike in July But Data to Decide September -- Bloomberg

        • Erdogan says he believes Putin wants continuation of grain deal - Reuters

      • UK

        • Supermarkets urged to back petrol price sharing scheme - BBC

        • Britain lagging in delivery of new hospitals, watchdog says - Reuters

        • UK relaxes visa rules to attract foreign construction workers - Reuters

      • Germany

        • Government Commission recommends reform of private pension provision - Handelsblatt

      • Spain

        • Spain's right on verge of majority in general election, opinion polls show - Reuters

        • Barclays to Morgan Stanley Say Buy Spanish Bonds Before Election - Bloomberg

      • Italy

        • Inflation slows down, in June it is 6.4% - Ansa

        • Tax reform, the examination in the Senate starts - Ansa

      • Greece

    • Company news:

      • Trading Higher:

        • +31.4% ARGX.BB (argenx €439.70, +105.00) -- study update

        • +11.5% SANION.SS (Saniona SEK8.50, +0.88) -- enters into collaboration agreement with AstronauTx in Alzheimer's disease

        • +11.4% NOG.LN (Nostrum Oil & Gas £0.10, +0.01) -- completes acquisition of positive Invest

        • +9.7% TOM2.NA (TomTom €7.89, +0.69) -- Q2 earnings

        • +9.3% DFS.LN (DFS Furniture £1.24, +0.11) -- FY trading update

        • +9.2% TLW.LN (Tullow Oil £0.34, +0.03) -- Jubilee field production has surpassed 100,000 bopd

        • +6.8% IDIA.SW (Idorsia CHF6.93, +0.44) -- resumed sell at Citi

        • +5.7% TRX.LN (Tissue Regenix Group £0.56, +0.03) -- H1 trading update

        • +5.3% KRN.GR (Krones €110.10, +5.50) -- raises FY revenue growth guidance

        • +4.8% CRW.LN (Craneware £15.30, +0.70) -- FY trading update

        • +1.9% BWLPG.NO (BW LPG NOK100.70, +1.90) -- CEO to step down

        • +1.8% CANTA.SS (Cantargia SEK3.82, +0.07) -- reports a favorable outcome of the oppositions on its European patent EP3293202

      • Trading Lower:

        • -14.1% BAKKA.NO (Bakkafrost NOK549.00, -90.00) -- prelim Q2 EBIT

        • -10.9% VAIAS.FH (Vaisala €36.55, -4.45) -- prelim Q2 earnings

        • -10.0% CFR.SW (Richemont CHF138.60, -15.35) -- Q1 revenue

        • -8.8% BONG.SS (Bong SEK1.04, -0.10) -- Q2 earnings

        • -8.8% ORNBV.FH (Orion €33.10, -3.21) -- Q2 earnings

        • -6.7% TOM.NO (Tomra Systems NOK153.90, -11.10) -- Systems was subjected to cyber attack

        • -4.6% QLINEA.SS (Q-linea SEK2.90, -0.14) -- completes US market application

        • -3.6% CURY.LN (Currys £0.51, -0.02) -- FY earnings

        • -3.5% SNI.NO (Stolt-Nielsen NOK247.00, -9.00) -- H1 earnings

        • -3.3% UBXN.SW (u-blox Holding CHF96.70, -3.30) -- Baader Helvea upgrade

        • -2.5% FTK.GR (flatexDEGIRO €9.43, -0.24) -- Hauck & Aufhäuser upgrade

        • -2.5% JET2.LN (Jet2 £11.67, -0.30) -- FY earnings; Chairman to step down

        • -2.3% LSG.NO (Lerøy Seafood Group NOK40.74, -0.96) -- Q2 trading update

        • -2.2% MPCC.NO (MPC Container Ships NOK18.81, -0.42) -- sells last two JV-owned vessels Cimbria and Cardonia for $42.5M

        • -2.1% FXPO.LN (Ferrexpo £0.88, -0.02) -- Q2 production report

        • -2.1% LMP.LN (LondonMetric Property £1.70, -0.04) -- divests 5 assets for £42.8M

        • -2.1% HTG.LN (Hunting £2.58, -0.05) -- H1 trading update

        • -2.0% VCT.FP (Vicat €29.20, -0.60) -- HSBC upgrade

        • -1.8% CWC.GR (CEWE Stiftung & Co €95.70, -1.80) -- Hauck & Aufhäuser upgrade

        • -1.6% SZU.GR (Suedzucker €16.16, -0.27) -- Q1 earnings

    • EU companies reporting tomorrow:

      • Earnings:

        • DACH: Novartis (NOVN.SW), SFS Group (SFSN.SW), DKSH Holding AG (DKSH.SW), Zuger Kantonalbank (ZUGER.SW)

        • Finland: Kemira (KEMIRA.FH), Terveystalo (TTALO.FH), Citycon (CTY1S.FH)

        • Norway: Aker (AKER.NO), NEL (NEL.NO), Atea (ATEA.NO), Borregaard (BRG.NO)

        • Southern Europe: SeSa (SES.IM)

        • Sweden: Skandinaviska Enskilda Banken (SEB.A.SS), Swedbank (SWED.A.SS), Tele2 (TEL2.B.SS), Swedish Orphan Biovitrum (SOBI.SS), Husqvarna (HUSQ.B.SS), Getinge (GETI.B.SS), Schibsted (SCHB.NO), Sweco (SWEC.B.SS), Epiroc (EPI.A.SS), AFRY (AFRY.SS), NCC (NCC.B.SS), Camurus (CAMX.SS), Fastighets AB Balder (BALD.B.SS), Munters Group (MTRS.SS), Dometic Group (DOM.SS), Alligo (ALLIGO.B.SS), Bactiguard Holding (BACTI.B.SS), Probi (PROB.SS), Arise (ARISE.SS), Net Insight (NETI.B.SS)

        • UK: Ocado Group (OCDO.LN), Arbuthnot Banking Group (ARBB.LN)

      • Trading Update:

        • France: VINCI (DG.FP), Virbac (VIRP.FP), Boiron (BOI.FP), Esker (ALESK.FP), Pierre & Vacances (VAC.FP), Sidetrade (ALBFR.FP)

        • UK: Rio Tinto (RIO.LN), Integrafin Holdings (IHP.LN), Wise (WISE.LN), Midwich Group (MIDW.LN), Luceco (LUCE.LN), Record (REC.LN), Petra Diamonds (PDL.LN)

  • Data:

    • Economics:

      • Italy Jun CPI +6.4% y/y vs preliminary +6.4%; 0.0% m/m vs preliminary 0.0%

    • Markets:

      • WTI Crude (Aug 23): ($0.50) or (0.66%) to $74.92

      • €-$ +0.0006 or +0.05% to 1.1236

      • £-$ (0.0017) or (0.13%) to 1.3083

      • €-£ +0.0015 to 0.8589

      • S&P 500 +0.26%

      • Performance year-to-date

        • FTSE 100: (0.52%)

        • DAX: +15.43%

        • CAC: +12.61%

        • MIB: +20.78%

        • Stoxx 600: +7.80%

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
Please refer to "Terms Of Use".

DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE