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 - EU Market Recap: FTSE 100 +0.41% to 7618.60, DAX +0.91% to 15996.52, CAC40 +1.52% to 7433.62, STOXX 600 +0.79% to 464.23

Aug 10 ,2023

  • Synopsis:

    • European equity markets finished higher, though off session's best levels. Austria, Greece, Denmark and Norway bucking the trend at the close. Insurance, luxury/personal goods and travel the best performers. Industrials, miners and healthcare the biggest decliners. US equities higher in midday trading, but off best levels. Treasuries mixed with the curve steepening. EU yields reversing gains, now mixed-to-lower with Bund unchanged at 2.46%. Dollar index down 0.2%; greenback seeing declines vs euro and sterling though some strength on the yen cross. Gold down 0.2%. Bitcoin futures flat. WTI crude down 1.0%, though still on pace for seventh-straight weekly gain.

    • Focus in Europe remains on banks in the wake of the Italian government announcing windfall tax and then hastily easing its stance, unnerving fragile investor confidence. Attention also on EU gas prices, which jumped 40% on Wednesday as Australia labour strikes risk 10% of global LNG. Shows evidence of tight supply. ECB economic bulletin flagged economic weakness in Eurozone and heightened uncertainty, which some take as increasing probability of Sept pause.

    • Looking at macroeconomic releases, inflation in Italy came in at +5.9% y/y vs preliminary +6.0%. Portugal Jul CPI came in line with consensus at +3.1% y/y, whilst Greece Jun Industrial Production missed at (3.6%) y/y vs cons (2.3%) and prior revised +1.9% from +1.4%. UK Jul house price balance (53%) vs consensus (50%) and prior revised (48%) from (46%), lowest since Apr-09. Despite the downbeat data, UK homebuilder stocks broadly advancing. Persimmon (PSN.LN) leading as it reported H1 Underlying EPS 35.9p vs consensus 34.7p and guided for FY completions at least 9,000 vs prior guidance 8,000-9,000.

    • In corporate, insurance amidst the outperforming sectors led by Allianz (ALV.GR), Zurich Insurance Group (ZURN.SW) and Munich Re (MUV2.GR), which all reported strong Q2 earnings. Allianz's upbeat performance was driven by strength in its property-and-casualty segment offsetting weakness in asset management. Zurich Insurance was helped by its Life business and price hikes aimed at mitigating higher insurance claims from unpredictable weather. Munich Re was hit in part by losses in the disposal of fixed-income securities, but it said there was a better chance of beating its FY targets. Industrial Goods & Services one of the biggest decliners with the focus on Siemens AG (SIE.GR) and Rheinmetall (RHM.GR). Siemens missed Q3 analyst expectations amid weakening demand in several markets including China and lowers guidance for digital industries business, while Rheinmetall's operating profit decreased by (7%) y/y but it affirmed its FY guidance as it benefited from growing demand for weapons and ammunition amid the war in Ukraine. In Health Care, another notable decliner today, focus on Novo Nordisk (NOVO.B.DC) after company warned that supply of the obesity medicine Wegovy would continue to be restricted in the US due to capacity constraints.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Consumer Products and Services +2.66%, Insurance +1.96%, Real Estate +1.57%, Technology +1.53%, Travel & Leisure +1.50%, Chemicals +1.25%, Retail +1.16%, Banks +1.00%, Food, Beverage and Tobacco +0.93%, Autos & Parts +0.86%, Telecom +0.81%, Utilities +0.83%

      • Underperformers:

        • Basic Resources (0.92%), Oil & Gas(0.23%), Ind Goods & Svcs (0.15%), Health Care +0.29%, Media +0.39%, Construct & Mtls +0.53%, Personal Care Drug and Grocery Stores +0.67%

    • Macro:

      • ECB

        • Flags deterioration of economy and increasing uncertainty in monthly bulletin: ECB Economic Bulletin

        • ECB in dilemma over policy outlook amid Germany's economic problems: Reuters

      • UK:

        • UK weighs whether to follow US in restricting tech investment in China: FT

        • UK weighs whether to follow US in restricting tech investment in China: FT UK cost of living crisis to ease as wages catch up with inflation: Bloomberg

        • UK mortgage rates cut for second time in three weeks: FT

      • European gas price jumps almost 40% over supply disruption fears - FT

        • Australia labor strikes risk 10% of Global LNG in threat of new energy shock - Bloomberg

    • Peripheral markets:

      • Italy:

        • Windfall tax bad for Italy's banking sector says Moody's -- ANSA

        • Inflation rate drops to 5.9% in July, Istat -- ANSA

      • Greece:

      • Ireland

        • Rent inflation 'stabilises' in Dublin, Daft report shows - Irish Times

      • Denmark

        • House prices in Denmark rise as wages go up and interest rates stabilize - Bloomberg

    • Company news:

      • Notable Gainers

        • +12.1% YSN.GR (secunet Security Networks €219.00, +23.70) -- H1 earnings

        • +6.7% GFT.GR (GFT Technologies €26.36, +1.66) -- H1 earnings

        • +6.6% VTSC.GR (Vitesco Technologies Group €81.80, +5.10) -- Q2 earnings

        • +6.4% SBB.B.SS (Samhällsbyggnadsbolaget i Norden SEK4.39, +0.26) -- clarification regarding financial report for Q2

        • +6.2% ECT.NA (Eurocastle Investment €7.70, +0.45) -- Q2 NAVPS

        • +6.2% WEW.GR (Westwing Group €8.89, +0.52) -- Q2 earnings

        • +5.6% CEC.GR (CECONOMY €2.76, +0.15) -- Q3 earnings

        • +4.8% MRK.LN (Marks Electrical Group £0.99, +0.05) -- trading update

        • +4.7% ALV.GR (Allianz €224.60, +10.00) -- Q2 earnings

        • +4.6% ZOO.LN (Zoo Digital Group £0.64, +0.03) -- FY earnings

        • +4.3% WOSG.LN (Watches of Switzerland Group £7.10, +0.29) -- Q1 revenue

        • +4.2% TKA.GR (ThyssenKrupp €6.92, +0.28) -- Q3 earnings

        • +4.0% HNR1.GR (Hannover Re €202.30, +7.70) -- Q2 earnings

        • +3.7% LEG.GR (LEG Immobilien €65.16, +2.30) -- Q2 earnings

        • +3.5% KBX.GR (Knorr-Bremse €65.38, +2.20) -- Q2 earnings; raises FY guidance

        • +3.3% CRBN.NA (Corbion €22.14, +0.70) -- H1 earnings

        • +3.2% MUSTI.FH (Musti Group €18.11, +0.56) -- Q3 earnings

        • +2.7% ROO.LN (Deliveroo £1.27, +0.03) -- H1 earnings

        • +2.4% PSN.LN (Persimmon £11.52, +0.28) -- H1 earnings

        • +2.4% MUV2.GR (Munich Re €353.30, +8.30) -- Q2 earnings

        • +2.3% DOC.AV (DO & CO €123.00, +2.80) -- Q1 earnings

        • +1.9% SEM.AV (Semperit Holding €21.25, +0.40) -- H1 earnings

        • +0.9% COK.GR (CANCOM €24.80, +0.22) -- Q2 earnings

        • +0.3% ONCO.SS (Oncopeptides SEK7.96, +0.02) -- Q2 earnings

        • +0.2% ZURN.SW (Zurich Insurance Group CHF420.90, +0.70) -- H1 earnings

      • Notable Decliners

        • -15.3% JIM.LN (Jarvis Securities £1.25, -0.23) -- trading update

        • -12.1% MOBA.NO (Morrow Bank NOK3.98, -0.55) -- Q2 earnings

        • -12.0% VSCA.GR (4SC €8.45, -1.15) -- Q2 update

        • -11.0% WIE.AV (Wienerberger €26.06, -3.24) -- Q2 earnings

        • -10.8% ISS.DC (ISS A/S DKK127.15, -15.45) -- H1 earnings; to divest its French business except for Global Key Account customers

        • -10.3% SVS.LN (Savills £8.91, -1.02) -- H1 earnings

        • -8.9% AGY.LN (Allergy Therapeutics £0.03, -0.00) -- FY revenue

        • -8.6% GLJ.GR (GRENKE €24.00, -2.25) -- lowers FY guidance

        • -7.6% S92.GR (SMA Solar Technology €76.80, -6.30) -- H1 earnings

        • -7.2% JUN3.GR (Jungheinrich €30.88, -2.38) -- Q2 earnings

        • -6.6% ETTE.FH (Etteplan €16.20, -1.15) -- Q2 earnings

        • -6.0% GFG.GR (Global Fashion Group €0.47, -0.03) -- Q2 earnings

        • -5.9% SBMO.NA (SBM Offshore €13.05, -0.82) -- H1 earnings

        • -5.7% HLAG.GR (Hapag-Lloyd €181.50, -11.00) -- Q2 earnings

        • -5.7% PBB.GR (Deutsche Pfandbriefbank €7.16, -0.44) -- Q2 earnings

        • -5.5% KBC.BB (KBC Group €64.52, -3.74) -- Q2 earnings

        • -5.1% A28890.GR (CompuGroup Medical €42.42, -2.30) -- Q2 earnings

        • -5.1% RELAIS.FH (Relais Group €13.00, -0.70) -- Q2 earnings

        • -5.1% NORSE.NO (Norse Atlantic NOK21.65, -1.16) -- Jul update

        • -5.0% SIE.GR (Siemens AG €139.32, -7.32) -- Q3 earnings

        • -4.7% REG1V.FH (Revenio Group €23.14, -1.14) -- Q2 earnings

        • -4.3% PFC.LN (Petrofac £0.84, -0.04) -- H1 earnings

        • -3.9% HARVIA.FH (Harvia Group €22.00, -0.90) -- Q2 earnings

        • -3.7% TLT1V.FH (Teleste €3.43, -0.13) -- Q2 earnings

        • -3.7% PYT.AV (Polytec Holding €4.34, -0.17) -- H1 earnings

        • -3.7% MXCT.LN (MaxCyte £3.28, -0.13) -- Q2 earnings

        • -3.4% SOLAR.B.DC (Solar DKK493.50, -17.50) -- Q2 earnings

        • -2.8% SPX.LN (Spirax-Sarco Engineering £105.50, -3.00) -- H1 earnings

    • EU companies reporting tomorrow:

      • Earnings:

        • Benelux: Lotus Bakeries (LOTB.BB)

        • DACH: EnBW Energie Baden Wurttemberg (EBK.GR), Bechtle (BC8.GR), MVV Energie (MVV1.GR), Salzgitter (SZG.GR), Energiekontor (EKT.GR), Varta (VAR1.GR), PATRIZIA (PAT.GR), CEWE Stiftung & Co. (CWC.GR), OVB (O4B.GR), EQS Group (EQS.GR), GESCO (GSC1.GR), Fabasoft (FAA.GR), Rosenbauer International (ROS.AV)

        • Nordics: SimCorp (SIM.DC), Rovio Entertainment (ROVIO.FH), Olvi (OLVAS.FH), Pihlajalinna (PIHLIS.FH), Remedy Entertainment (REMEDY.FH), Kamux (KAMUX.FH), Okeanis Eco Tankers Corp. (OET.NO), AKVA Group (AKVA.NO)

        • Ireland: FBD Holdings (EG7.ID)

      • Traffic: Fraport AG Frankfurt Airport Services Worldwide (FRA.GR)

  • Data:

    • Economics:

      • Italy Jul CPI +5.9% y/y vs prelim +6.0%; 0.0% m/m vs prelim +0.1%

        • EU Harmonised: +6.3% y/y vs prelim +6.4%; (1.6%) m/m vs prelim (1.5%)

      • Portugal Jul CPI +3.1% y/y vs prelim +3.1%; (0.4%) m/m vs prelim (0.4%)

      • Greece Jun Industrial Production (3.6%) y/y vs cons (2.3%) and prior revised +1.9% from +1.4%

      • Sweden Jun Industrial Production (2.8%) y/y vs cons +0.9% and prior revised +3.9% from +3.8%; (5.5%) m/m vs cons +0.4% and prior revised 0.0% from +0.3%

      • Denmark Jul CPI +3.1% y/y vs cons +1.8% and prior +2.5%; +1.8% m/m vs cons +0.5% and prior +0.3%

      • Norway Jul

        • PPI (35.4%) y/y vs cons (46.7%) and prior (28.5%)

        • CPI +5.4% y/y vs cons +5.7% and prior +6.4%; +0.4% m/m vs cons +0.7% and prior +0.6%

      • Netherlands Jun Manufacturing Production +0.7% m/m vs cons (0.7%) and prior +0.8%

      • Austria Jun Industrial Production (3.4%) y/y vs cons (1.0%) and prior revised (1.9%) from (0.7%)

      • Ireland Jul CPI +5.8% y/y vs cons +5.8% and prior +6.1%; +0.2% m/m vs cons +0.2% and prior +0.8%

        • EU Harmonised: +4.6% y/y vs prelim +4.6%; +0.2% vs m/m prelim +0.2%

    • Markets:

      • WTI Crude (Sep 23): ($0.79) or (0.94%) to $83.61

      • €-$ +0.0048 or +0.44% to 1.1022

      • £-$ +0.0014 or +0.11% to 1.2731

      • €-£ +0.0027 to 0.8656

      • S&P 500 +0.80%

      • Performance year-to-date

        • FTSE 100: +2.24%

        • DAX: +14.89%

        • CAC: +14.83%

        • MIB: +20.52%

        • Stoxx 600: +9.26%

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