Leaving BNY Website

 

You are leaving the BNY 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

© 2024 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@bnymellon.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.

Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.20%, DAX (0.07%), CAC40 +0.01%

Jun 07 ,2024

  • Synopsis

    • European indices are set to open mixed with Asian equities also mixed today. Semblance of waiting game ahead of US nonfarm payrolls. Greater China markets lower with tech weighing on Hang Seng.

    • US equities ended mostly lower Thursday, though downside very modest coming off a notable rally in Wednesday's trading. S&P snapped four straight days of gains, while Nasdaq lost its three day winning streak

    • The ECB cut key interest rates by 25 bps to leave the deposit rate at 3.75%, as expected. Said updated assessment, dynamics of underlying inflation and strength of monetary policy transmission made it appropriate to moderate degree of policy restriction

    • In central banks, Bundesbank releases latest semi-annual forecasts at 8:30CET and Nagel is a panellist at 9:00 at conf. organised by Money and Currency Foundation. Austria Central Bank's economic forecasts at 10:00CET, speakers include governor Holzmann. ECB's Schnabel panellist at 10:00CET at event at the Federal Ministry of Finance in Berlin and ECB's Lagarde participates at 16:15CET at event organised by Fondation Maurice Allais in Paris. Portugal Central Bank releases its latest economic bulletin.

    • On today's economic agenda: Germany Apr industrial production, trade balance, France Apr trade balance, Norway Apr manufacturing production, UK May house price index - Halifax, Eurozone Q1 final GDP, Ireland Q1 final GDP, Greece Q1 GDP, Denmark Apr manufacturing production

    • In corporate news: (RXL.FP) Rexel upgrades medium-term financial targets; sees adj EBITA margin above 7% -- CMD. (DOV.IM) doValue agrees to acquire Gardant.

  • Politics/Macro/World News

    • Putin's Wartime Central Banker Tells Him What He Doesn't Want to Hear (BBG)

    • Amid war, Putin looks east from Russia's window to Europe (Reuters)

    • Lagarde's Reluctant Cut Leaves Markets Guessing on Next ECB Move (BBG)

  • Top company news

    • Earnings/updates

      • AIR.FP (Airbus SE) -- reports May gross orders of 27 aircraft, deliveries 53

      • TEMN.SW (Temenos) -- to commence up to CHF200M buyback from 10-Jun to 30-Dec at the latest

      • BESI.NA (BE Semiconductor Industries) -- releases presentation material in connection with its Investor Day

      • RXL.FP (Rexel) -- upgrades medium-term financial targets; sees adj EBITA margin above 7% -- CMD

      • HAUTO.NO (Höegh Autoliners) -- Heghh Autoliners May trading update; transported 1.2M CBM of cargo on prorated basis

    • M&A

      • DG.FP (VINCI SA) -- VINCI acquires a 20% shareholding in the Budapest airport concession company

      • NEX.FP (Nexans) -- completes acquisition of La Triveneta Cavi

      • SRS.IM (Saras) -- announces Vitol has received merger control clearance from European Commission for acquisition of controlling shareholding

      • RF.FP (Eurazeo) -- announces signing by Grape Hospitality of exclusivity agreement for sale of 23 hotels

      • MGN.NO (Magnora) -- updates on Hermana transaction; expected to be registered in the NBRE on or about 17-Jun

      • PNE3.GR (PNE) -- successfully sells its US division to Lotus Infrastructure Partners; price not disclosed

      • RCN.LN (Redcentric) -- WIIT confirms that it does not intend to make an offer for Redcentric.

      • AI hardware company Humane reportedly discussing potential sale with suitors including HP, Inc. -- NY Times

    • Healthcare

      • IPN.FP (Ipsen) -- Ipsen, Marengo Therapeutics announce second strategic partnership to advance precision T cell engagers from Marengo's Tri-STAR platform

    • Other

      • VK.FP (Vallourec) -- signs contract for supply of tubes and services to Petrobras

      • 8TRA.GR (TRATON) -- TRATON's Navistar releases 2023 sustainability report

      • COK.GR (CANCOM) -- CANCOM's annual general meeting approves dividend of €1.00 per share; unchanged from prior

  • Key rating changes

    • Upgrades

      • TRE.SM (Tecnicas Reunidas) -- to outperform from neutral at Oddo (timing uncertain)

      • ING Groep (INGA.NA) -- to overweight from equal weight at Barclays

    • Downgraded

      • EQT.SS (EQT AB) -- to equal weight from overweight at Barclays

      • LEG Immobilien (LEG.GR) -- to equal-weight from overweight at Morgan Stanley

      • NIBE Industrier (NIBE.B.SS) downgraded to hold from buy at HSBC

  • Data

    • Nikkei (0.20%) to 38625.53

    • Hang Seng (0.62%) to 18362.0

    • Shanghai Composite (0.47%) to 3034.56

    • S&P futures +7.5 vs prior close of 5364.0

    • €-$ (0.0000) or (0.00%) to 1.0891

    • $-¥ (0.05) or (0.03%) to 155.49

    • €-¥ (0.15) or (0.09%) to 169.31

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