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 +0.69% to 7682.50, DAX +0.32% to 17735.07, CAC40 +0.09% to 7934.17, STOXX 600 +0.60% to 497.58

Mar 01 ,2024

  • Synopsis:

    • European equity markets closed broadly higher Friday, led by Denmark +2.8%, Belgium +1%, Italy +1.1%, while most other indices in the region saw gains of less than 1%. Recall that European markets rallied in February seeing a fourth consecutive month of gains. The Stoxx Europe 600 closed near its record high on Friday. Sector outperformers today included Real Estate, Energy and Tech, while Insurance was main laggard.

    • Main macro update in Europe today was Eurozone CPI data, which came in above consensus, yet still down on prior month. Eurozone preliminary CPI for February posted lowest headline print since November 2023, at 2.6% y/y vs 2.5% expected and 2.8% prior. Core CPI came in 3.1% vs 2.9% expected which was still the lowest reading since spring 2022. Data supports no change at next week's ECB policy decision and plays into hawks' calls for patience before cutting rates. Looking ahead, analysts expect some volatility due to Easter taking place already at the end of March and not in April like in previous years. Positive Easter effect often most visible in food and items related to tourism but any upside should fade away in April data. In other regional data, final Eurozone and UK manufacturing PMIs revised up from flash. Eurozone unemployment in line with consensus. UK Nationwide house price data came in firmer-than-expected, mirroring other updates pointing to upward momentum in the UK housing market. UK retail traffic weak in February, though exacerbated by one-off factors. Press reported latest update from UK fiscal watchdog has reduced the amount of space for tax cuts ahead of next week's UK budget, which is due to be announced on Wednesday.

    • The week ahead also sees another busy week of earnings/updates with the likes of Ashtead (AHT.LN), Bayer (BAYN.GR), Deutsche Post (DHL.GR), Henkel (HEN.GR), Lindt & Sprungli (LISN.SW), Merck (MRK.GR) and Thales (HO.FP) reporting.

    • In today's session, Daimler Truck (DTG.GR) shares jumped over 17% as its Q4 results and 2024 guidance impressed. Conversely, the likes of Kuehne + Nagel (KNIN.SW), Saint Gobain (SGO.FP), Volkswagen (VOW.GR) and Aegon (AGN.NA) took hits on their respective earnings. In M&A, ITV (ITV.LN) shares rallied over 14% on news it sells its 50% Share of BritBox International to BBC Studios for £255M cash, to be distributed to shareholders through a share buyback.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Real Estate +1.84%, Technology +1.57%, Energy+1.39%, Health Care +1.23%, Banks +1.06%, Basic Resources +1.02%, Chemicals +0.86%

      • Underperformers:

        • Insurance (0.70%), Travel & Leisure (0.42%), Construct & Mtls (0.26%), Utilities (0.22%), Media (0.06%), Autos & Parts (0.01%), Food, Beverage and Tobacco +0.06%, Personal Care Drug and Grocery Stores +0.12%, Ind Goods & Svcs +0.17%, Telecom +0.34%, Consumer Products and Services +0.46%, Financial Svcs +0.51%

    • Macro:

      • Central banks

        • ECB cutting too soon would be worse than delaying, survey shows (Bloomberg)

        • ECB's Holzmann says bank cannot rush on rate cuts, still sees inflation risks (Bloomberg)

        • Bank of England's Pill says first rate cut "some way off" (Reuters)

      • UK

        • Likely winners and losers from the UK budget (Reuters)

        • Labour suffers a huge loss as Galloway takes Rochdale (Guardian)

        • George Galloway: Britain's newest MP is a pro-Gaza, anti-NATO firebrand (POLITICO)

        • UK public trust in political parties collapses to 12% (FT)

      • Germany

        • Germany preparing €7B tax package to jump-start growth (Bloomberg)

      • Switzerland

        • Frontrunners to Replace SNB President Thomas Jordan; Board members Schlegel, Martin are among possible contenders (Bloomberg)

    • Peripheral markets:

      • Italy:

        • GDP up 0.9% in 2023, deficit worse than forecast at 7.2% (ANSA)

        • Finances on mend after Superbonus haemorrhage - econ minister Giorgetti (ANSA)

    • Company news:

      • Notable gainers:

        • +41.9% ONCO.SS (Oncopeptides SEK6.44, +2.02) -- study report

        • +14.3% ITV.LN (ITV £0.64, +0.08) -- sells its 50% Share of BritBox International to BBC Studios for £255M cash, to be distributed to shareholders through a share buyback

        • +11.2% CRBN.NA (Corbion €19.49, +1.97) -- FY earnings

        • +10.6% VIS.SM (Viscofan €57.60, +5.50) -- FY earnings

        • +7.9% IMCD.NA (IMCD €152.35, +11.15) -- FY earnings

        • +6.1% AIXA.GR (Aixtron €27.28, +1.56) -- Warburg Research upgrade

        • +5.8% ABCA.FP (ABC arbitrage €3.81, +0.21) -- issues comments following fall in the price of shares in recent weeks

        • +5.6% PSON.LN (Pearson £10.12, +0.53) -- FY earnings; to extend share buyback programme by £200M

        • +4.6% BEKB.BB (Bekaert €47.86, +2.10) -- FY earnings

        • +4.5% FLUX.BB (Fluxys Belgium €20.90, +0.90) -- announces agreement between Fluxys Belgium and the CREG on the fair margin

        • +3.9% EKTA.B.SS (Elekta SEK77.84, +2.90) -- Handelsbanken upgrade

        • +3.7% YAR.NO (Yara International NOK342.30, +12.30) -- sign binding agreement for supply of green ammonia with ACME

        • +3.5% ALIG.SS (Alimak Group SEK97.20, +3.30) -- initiated buy at Berenberg

        • +3.3% EDPR.PL (EDP Renovaveis €13.01, +0.41) -- Goldman Sachs upgrade

        • +3.2% ANA.SM (Acciona €106.80, +3.30) -- FY earnings

        • +2.9% VWS.DC (Vestas Wind Systems DKK197.52, +5.58) -- Equinor subsidiary Empire Wind 1 awarded offtake contract in New York's fourth offshore wind solicitation round

        • +2.4% VSCA.GR (4SC €8.40, +0.20) -- Marketing Authorisation Application (MAA) for resminostat (Kinselby) accepted by the EMA

        • +2.0% BBOX.LN (Tritax Big Box REIT £1.49, +0.03) -- FY earnings

        • +1.8% WBD.IM (Webuild €2.00, +0.04) -- main shareholders Salini and CDP Equity prematurely renew the shareholder agreement in force between them

        • +1.5% MAU.FP (Maurel et Prom €5.08, +0.08) -- FY earnings

        • +1.2% LDO.IM (Leonardo €20.00, +0.24) -- FY earnings

        • +0.9% AVAP.LN (Avation £1.13, +0.01) -- H1 earnngs

        • +0.9% NESN.SW (Nestle CHF0.00, +0.78) -- wants to win back investors with portfolio adjustments and operational improvements; however warns against excessively high margin expectations -- FuW, citing CEO interview

        • +0.1% EDP.PL (EDP-Energias de Portugal €3.69, +0.01) -- FY earnings

        • +0.1% ORSTED.DC (Ørsted DKK387.20, +0.50) -- awarded right to negotiate a 25-year offshore wind renewable energy certificate agreement for an offshore wind farm with a maximum capacity of 924 MW

      • Notable decliners:

        • -30.7% MEN.LN (Molecular Energies £0.19, -0.08) -- corporate and trading update

        • -13.5% KNIN.SW (Kuehne & Nagel CHF257.30, -40.30) -- FY earnings; to acquire City Zone Express

        • -13.2% SDRY.LN (Superdry £0.35, -0.05) -- notes extension of PUSU deadline to 29-Mar

        • -13.1% FDP.LN (FD Technologies £11.52, -1.74) -- FY trading update; concludes structure review: merger of MRP with CONTENTgine and intention to separate KX and First Derivative

        • -5.6% AGN.NA (Aegon €5.24, -0.31) -- FY earnings; KBC downgrade

        • -4.8% NTG.DC (NTG Nordic Transport Group DKK266.50, -13.50) -- FY earnings

        • -4.5% HEIJM.NA (Heijmans €14.96, -0.70) -- FY earnings

        • -3.7% SGO.FP (Compagnie de Saint-Gobain €68.40, -2.60) -- FY earninigs

        • -3.7% VOW.GR (Volkswagen €0.00, -5.35) -- reports preliminary FY operating profit before special items €22.6B vs FactSet €22.4B

        • -2.2% VK.FP (Vallourec €13.73, -0.31) -- Q4 earnings

        • -2.1% ACS.SM (ACS SA €37.04, -0.81) -- FY earnings

        • -2.0% FR.FP (Valeo SE €10.50, -0.21) -- FY earnings

        • -2.0% KAMUX.FH (Kamux €5.20, -0.11) -- Q4 earnings

        • -1.9% AMS.SW (ams-OSRAM CHF1.32, -0.02) -- Bernstein and Stifel downgrade

        • -0.1% RMV.LN (Rightmove £5.66, -0.00) -- FY earnings

    • EU companies reporting Monday:

      • Earnings:

        • DACHs: Henkel (HEN.GR), Evonik Industries (EVK.GR), BELIMO (BEAN.SW), COMET (COTN.SW), Aryzta (ARYN.SW), Gurit (GURN.SW)

        • Southern Europe: Piaggio & C (PIA.IM)

        • UK: GlobalData (DATA.LN), Craneware (CRW.LN), Senior (SNR.LN), Quartix Technologies (QTX.LN)

      • CMD/events: AB Science (AB.FP)

  • Data:

    • Economics:

      • Feb Manufacturing PMI

        • Ireland 52.2 vs consensus 50.1, prior 49.5

        • Netherlands 49.3 vs consensus 49.6, prior 48.9

        • Sweden 49.0 vs consensus 48.6, prior 47.1

        • Spain 51.5 vs consensus 50.0, prior 49.2

        • Switzerland 44.0 vs consensus 44.4, prior 43.1

        • Italy 48.7 vs consensus 49.1, prior 48.5

        • France 47.1 vs preliminary 46.8

        • Germany 42.5 vs preliminary 42.3

        • Eurozone 46.5 vs preliminary 46.1

        • Norway 51.9 vs consensus 51.0, prior revised 51.1 from 50.7

        • Greece 55.7 vs consensus 54.5, prior 54.7

        • UK 47.5 vs preliminary 47.1

      • Netherlands Feb preliminary CPI +2.8% y/y vs consensus +3.0% and prior +3.2%

      • Switzerland Jan Retail Sales +0.3% y/y vs consensus (0.2%) and prior revised (0.1%) from (0.8%)

      • Austria

        • Feb preliminary CPI +4.3% y/y vs consensus +4.0% and prior +4.5%

        • Feb unemployment Rate 7.6% vs consensus 7.0% and prior 8.1%

      • Italy

        • Jan Unemployment Rate 7.2% vs consensus 7.2% and prior 7.2%

        • Feb Preliminary CPI +0.8% y/y vs consensus +0.9% and prior +0.8%; +0.1% m/m vs consensus +0.4% and prior +0.3%

      • Eurozone

        • Feb Preliminary CPI +2.6% y/y vs consensus +2.5% and prior +2.8%; +0.6% m/m vs consensus +0.5% and prior (0.4%)

        • Jan Unemployment Rate 6.4% vs consensus 6.4% and prior revised 6.5% from 6.4%

      • UK Feb Nationwide House Prices +1.2% y/y vs consensus +0.7% and prior (0.2%)

    • Markets:

      • WTI Crude (Apr 24): +$2.44 or +3.12% to $80.70

      • €-$ +0.0026 or +0.24% to 1.0831

      • £-$ +0.0019 or +0.15% to 1.2646

      • €-£ +0.0004 to 0.8564

      • S&P 500 +0.41%

      • Performance year-to-date

        • FTSE 100: (0.66%)

        • DAX: +5.87%

        • CAC: +5.18%

        • MIB: +8.51%

        • Stoxx 600: +3.88%

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