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

Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: FTSE +0.30%, DAX +0.35%, CAC40 +0.17%

Dec 28 ,2023

  • Synopsis

    • European equity markets set to open higher in what is expected to be another quiet session ahead of the year-end. Santa rally continues in anticipation of central bank interest rate cuts next year. Dollar index at fresh five month lows.

    • Yesterday, major European indices saw marginal gains with FTSE 100 +0.36%, DAX +0.21%, CAC40 +0.04% to 7573.10, STOXX 600 +0.21%. So far in the month of December, the Stoxx Europe 600 is up ~3.7%, taking the YTD gain to ~12.7%

    • US equities finished higher in uneventful Wednesday trading. Followed a higher finish on Tuesday, with S&P now sitting just below its Jan-22 record close. Asian equities trading mostly higher Thursday. Japan an exception as it falls on a stronger yen.

    • Reuters reports oil prices steadied on Thursday after falling sharply in the previous session, as concerns eased about shipping disruptions along the Red Sea route even as tensions in the Middle East continued to rise.

    • Macro data releases out today include Spain Nov retail sales, Sweden Nov trade balance.

  • Macro/politics

    • Global Bond 'Carnival' Sets Stage for Best Two Months on Record - Bloomberg

    • UK should not be 'incubator economy' for US, says British Business Bank - FT

    • UK Economy Set to Escape Hard Landing in Boost for Rishi Sunak - Bloomberg

    • Global dealmaking drops below $3tn for first time since 2013 - FT

  • Top company news

    • Earnings/updates

      • BAI.NA (BenevolentAI) -- sees progress in the last quarter of 2023 -- Shareholder Letter

    • M&A

      • SHEL.LN (Shell Plc) -- Petrobras acquires stakes in three exploration blocks operated by Shell in São Tomé and Príncipe

      • 035720.KS (Kakao) -- rejects Mobility's draft bid to acquire 80% stake in FreeNow - Korea Economic Daily (around 18:30 KT/10:30 CET)

      • SCST.SS (Scandi Standard) -- subsidiary enters into a binding agreement to acquire Landeli Oy Group's ready-to-eat activities in Honkajoki; terms undisclosed

    • Healthcare

      • BAYN.GR (Bayer AG) -- issues statement on win in Jones Roundup trial

      • CALTX.SS (Calliditas Therapeutics) -- Calliditas refinances existing term loan with €92M senior secured facility with Athyrium Capital

    • Other

      • BATS.LN (British American Tobacco) -- Nigeria's competition commission orders British American Tobacco to pay $110M fine following allegations of market dominance abuse and infringement of public health regulations -- FCCPC

      • VWS.DC (Vestas Wind Systems) -- receives 1,089 MW onshore order in the USA

  • Data

    • Nikkei (0.42%) to 33539.62

    • Hang Seng +2.76% to 17082.91

    • Shanghai Composite +1.30% to 2952.45

    • S&P futures +7.0 vs prior close of 4833.5

    • €-$ +0.0007 or +0.06% to 1.1114

    • $-¥ (0.72) or (0.51%) to 141.12

    • €-¥ (0.68) or (0.43%) to 156.83

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