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 (0.01%) to 7737.38, DAX +0.15% to 18015.13, CAC40 (0.48%) to 8161.41, STOXX 600 +0.00% to 505.21

Mar 20 ,2024

  • Synopsis:

    • European equity markets closed mixed after moving off earlier lows. Personal & Household Goods amidst the leading decliners with Luxury names leading following profit warning by Gucci owner Kering (KER.FP); oil & gas, financial services also under pressure. To the upside, utilities, chemicals and retail outperform. Treasuries slightly firmer after snapping a six-session losing streak on Tuesday. Dollar index up 0.5% with yen weakness again the story in FX. Gold flat. Bitcoin futures down 1.1%. WTI crude off 1.8%. US markets higher at this time. Market participants await for this afternoon's Fed meeting; expectations are for rates to be left unchanged. Updated dot plot to get most of the attention amid risk that 2024 median shifts down to two rate cuts from three. Markets pricing in ~70 bps of easing in 2024 and less than 50% chance of a June cut.

    • In macro headlines out of Europe today, ECB spokesman said policymakers plan to publish internal pay measures used to gauge inflation risks later this year to give greater clarity on decision making. ECB President Lagarde says latest wage data encouraging. On macro data front, UK inflation continues to ease but services prices still showing signs of stickiness. German PPI weaker-than-forecast. Survey for UK's XpertHR showing pay deals heading lower. Ahead of tomorrow's BoE meeting, Times shadow MPC voted 8-1 in keeping rates steady on Thursday, but with signal for summer rate cut.

    • In notable corporate updates, attention in the morning turned to luxury goods stocks after Kering (KER.FP) profit warning late Tuesday that Q1 sales likely to drop by ~ (10%), weighed down by star label Gucci. Further out of France, Bureau Veritas (BVI.FP) held its CMD today with the group presenting its 2028 strategy and financial ambitions and announces €200M buyback for FY24; company also agrees to acquire two companies in Korea and one in India. In other notable earnings updates, Prudential (PRU.LN) FY profit missed, APE sales in-line, new business profit beat; guided 2024. Poste Italiane (PST.IM) publishes 2024-2028 plan. Deutsche Wohnen (DWNI.GR) FY FFO, adj EBITDA beat; net income missed.

    • On the M&A news flow, Lonza (LONN.SW) to acquire large-scale biologics site in Vacaville from Roche (ROG.SW) for $1.2B in cash; as the transaction is expected to be accretive to sales growth, Lonza also updated its Mid-Term guidance 2024 - 2028. Johnson Matthey (JMAT.LN) signed agreement to sell its Medical Device Components business to Montagu Private Equity for $700M. Press reports suggest US pressuring Raiffeisen Bank International (RBI.AV) to drop plans to buy a $1.6B industrial stake of Russian tycoon in Austrian construction group Strabag (STR.AV).

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Utilities +1.04%, Chemicals +0.92%, Real Estate +0.75%, Retail +0.67%, Construct & Mtls +0.55%, Ind Goods & Svcs +0.49%, Telecom +0.28%, Media +0.12%, Autos & Parts +0.11%, Food, Beverage and Tobacco +0.06%, Health Care +0.01%

      • Underperformers:

        • Consumer Products and Services (1.42%), Personal Care Drug and Grocery Stores (0.88%), Oil & Gas(0.61%), Financial Svcs (0.35%), Insurance (0.28%), Travel & Leisure (0.14%), Banks (0.07%), Technology (0.03%)

    • Macro:

      • Central Banks:

        • Lagarde affirms likelihood of first cut in three months: Bloomberg

        • ECB's Kazaks 'comfortable' with market bets on three rate cuts this year: Reuters

        • Schnabel says turning point in interest rates approaching

        • Swiss rate-cut curve ball can't be ignored as banks turn against the Franc: Bloomberg

      • UK:

        • UK headline inflation slowest since September 2021, but services still sticky: Bloomberg

        • UK's Hunt says no plan to change how banks are paid to hold reserves at BoE: Reuters

        • Tories narrowly back Sunak to lead party into next election: The Telegraph

        • Chancellor hints at October election; bill for smoke-free generation to be introduced: Sky

      • Geopolitics:

        • EU reaches interim deal to extend tariff-free Ukrainian agricultural imports: Reuters

        • Germany announces €500mn package to bolster Ukraine's artillery stocks: FT

    • Peripheral markets:

      • Ireland:

      • Greece:

        • Raises €250M from June 2028 bond reopening: Kathimerini

      • Poland:

        • Polish farmers intensify protests against 'executioner' EU: Reuters

    • Company news:

      • Notable Gainers

        • +17.2% LO24.GR (Lotto24 €450.00, +66.00) -- ZEAL Network reaches 95% stake in Lotto24 AG; announces squeeze-out

        • +9.1% ALPH.LN (Alpha Group International £17.90, +1.50) -- earnings; management change

        • +8.6% JMAT.LN (Johnson Matthey £18.54, +1.47) -- divestment

        • +8.6% BEN.FP (Beneteau €13.84, +1.10) -- earnings

        • +8.1% IQG.LN (IQGeo Group £4.16, +0.31) -- earnings

        • +6.4% SAS.SS (SAS SEK0.03, -0.00) -- court approval of chapter 11 plan

        • +5.9% EQLS.LN (Equals Group £1.16, +0.06) -- trading update; confirms it has received indicative non-binding proposal from consortium comprising Embedded Finance Limited and TowerBrook Capital Partners

        • +5.7% LONN.SW (Lonza Group CHF509.60, +27.40) -- acquisition; updates mid-term guidance

        • +4.5% BIOS.BB (BioSenic €0.02, -0.00) -- data presentation

        • +4.0% BOCH.CY (Bank of Cyprus Holdings €3.67, +0.14) -- dividend; buyback

        • +4.0% INH.GR (INDUS Holding €25.75, +1.00) -- earnings

        • +4.0% TRN.IM (TERNA Rete Elettrica Nazionale €7.88, +0.30) -- earnings; Goldman Sachs upgrade

        • +3.6% INVP.LN (Investec £5.09, +0.18) -- trading update

        • +3.1% ETL.FP (Eutelsat Communications €3.80, +0.12) -- partnership

        • +2.8% PZS.GR (Scherzer & Co. €2.24, +0.06) -- comments on Lotto24 AG squeeze-out

        • +2.7% PCZ.GR (ProCredit Holding €8.40, +0.22) -- earnings

        • +2.4% BVI.FP (Bureau Veritas €27.45, +0.65) -- issues 2028 strategy and financial ambitions; announces €200M buyback for FY24; acquisitions - CMD

        • +2.3% CPHN.SW (CPH Chemie + Papier Holding CHF87.60, +2.00) -- to split into two companies; holders to receive dividend in kind

        • +2.1% TIT.IM (Telecom Italia €0.22, -0.00) -- minority investor Merlyn Partners considering putting forward alternative slate of board candidates - Bloomberg

        • +2.0% ALCOX.FP (Nicox €0.40, +0.01) -- trial results publication

        • +1.4% IDIA.SW (Idorsia CHF2.28, +0.03) -- FDA approval for Tryvio

        • +1.4% OXB.LN (Oxford BioMedica £1.89, +0.03) -- updates on CDMO Services Including New Commercial Agreement

        • +1.2% PAY.LN (PayPoint £4.88, +0.06) -- expands long-standing relationship with Lloyds Bank Cardnet Merchant Services (LLOY.LN)

      • Notable Decliners

        • -17.0% FDM.LN (FDM Group (Holdings) £3.24, -0.67) -- earnings

        • -13.9% ETH.IM (Eurotech SpA €1.86, -0.30) -- earnings

        • -11.5% VLA.FP (Valneva €3.34, -0.44) -- earnings

        • -11.2% KER.FP (Kering €378.15, -47.80) -- profit warning

          • -5.8% WOSG.LN (Watches of Switzerland Group £3.45, -0.21)

          • -3.0% BRBY.LN (Burberry Group £11.93, -0.37)

          • -2.2% CFR.SW (Richemont CHF136.80, -3.05)

          • -2.2% SFER.IM (Salvatore Ferragamo €11.10, -0.25)

          • -1.4% MC.FP (LVMH Moet Hennessy Louis Vuitton €848.40, -11.80)

        • -10.7% EKF.LN (EKF Diagnostics Holdings £0.24, -0.03) -- final earnings

        • -6.5% CCC.LN (Computacenter £27.50, -1.92) -- earnings

        • -6.2% TPE.GR (PVA TePla €19.97, -1.33) -- earnings

        • -3.8% PST.IM (Poste Italiane €11.48, -0.45) -- publishes 2024-28 Strategic Plan; confirms 2023 prelim earnings

        • -3.7% PRU.LN (Prudential £7.52, -0.29) -- earnings

        • -3.0% NOHO.FH (NoHo Partners €7.74, -0.24) -- CEO steps down

        • -2.7% VIRP.FP (Virbac €329.00, -9.00) -- earnings

        • -2.5% DWNI.GR (Deutsche Wohnen €17.86, -0.45) -- earnings

    • EU companies reporting tomorrow:

      • Earnings:

        • Benelux: Ion Beam Applications (IBAB.BB)

        • DACHs: Bayerische Motoren Werke (BMW.GR), Porsche Automobil Holding (PAH3.GR),United Internet (UTDI.GR), Talanx (TLX.GR), Nemetschek (NEM.GR), 1&1 (1U1.GR), IONOS Group (IOS.GR), Vossloh (VOS.GR), STRATEC (SBS.GR), Hamburger Hafen und Logistik (HHFA.GR), LPKF Laser & Electronics (LPK.GR), init innovation in traffic systems (IXX.GR), IVU Traffic Technologies (IVU.GR), technotrans (TTR1.GR), The Swatch Group (UHR.SW), DocMorris (DOCM.SW), PORR (POS.AV)

        • France: Innate Pharma (IPH.FP), Wallix Group (ALLIX.FP)

        • Nordics: SP Group (SPG.DC)

        • Southern Europe: Enel (ENEL.IM)

        • UK: Next (NXT.LN), M&G (MGN.LN), Direct Line Insurance Group (DLG.LN), Energean (ENOG.LN), Ithaca Energy (ITH.LN), Centamin (CEY.LN), Judges Scientific (JDG.LN), Hostelworld Group (HSW.LN), Aptitude Software Group (APTD.LN), Aquis Exchange (AQX.LN), Tribal Group (TRB.LN)

      • CMD/events: Iberdrola (IBE.SM) ESG, Indra Sistemas (IDR.SM),ENAV (ENAV.IM), doValue (DOV.IM), Bayer (BAYN.GR) Pharma media day, ProCredit Holding (PCZ.GR), Mentice (MNRC.SS), TBC Bank Group (TBCG.LN)

  • Data:

    • Economics:

      • Eurozone

        • Mar Flash Consumer Confidence (14.9) vs cons (15.0) and prior (15.5)

        • Jan Construction Output +0.8% y/y vs cons +2.0% and prior revised +2.8% from +1.9%

      • UK Feb

        • CPI +3.4% y/y vs consensus +3.5% and prior +4.0%; +0.6% m/m vs consensus +0.7% and prior (0.6%)

          • Core +4.5% y/y vs consensus +4.6% and prior +5.1%

        • RPI +4.5% y/y vs cons +4.5% and prior +4.9%; +0.8% m/m vs cons +0.7% and prior (0.3%)

        • Output PPI +0.4% y/y vs cons (0.1%) and prior revised (0.3%) from (0.6%); +0.3% m/m vs cons +0.1% and prior revised 0.0% from (0.2%)

        • Input PPI (2.7%) y/y vs cons (2.7%) and prior revised (2.8%) from (3.3%); (0.4%) m/m vs cons +0.2% and prior revised (0.1%) from (0.8%)

      • Germany Feb PPI (4.1%) y/y vs cons (3.8%) and prior (4.4%); (0.4%) m/m vs cons (0.1%) and prior +0.2%

      • Italy Jan Industrial Production (3.4%) y/y vs cons (2.8%) and prior revised (1.5%) from (2.1%); (1.2%) m/m vs cons (0.5%) and prior revised +1.2% from +1.1%

    • Markets:

      • WTI Crude (Apr 24): ($1.82) or (2.18%) to $81.65

      • €-$ (0.0008) or (0.07%) to 1.0859

      • £-$ (0.0009) or (0.07%) to 1.2714

      • €-£ (0.0004) to 0.8539

      • S&P 500 (0.02%)

      • Performance year-to-date

        • FTSE 100: +0.05%

        • DAX: +7.54%

        • CAC: +8.20%

        • MIB: +13.00%

        • Stoxx 600: +5.47%

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