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 - EU Market Recap: FTSE 100 (0.88%) to 8169.08, DAX (1.59%) to 18280.49, CAC40 (1.21%) to 7341.93, STOXX 600 (1.16%) to 506.11

Sep 06 ,2024

  • Synopsis:

    • European equity markets closed lower with pan-European indices ending near worst levels. Belgium (0.0%), Greece and Portugal (0.3%), Denmark (0.4%) led outperformers. Austria (1.5%), Germany (1.4%) and Netherlands (1.3%) led underperformers.

    • In political developments, Michel Barnier selected as French PM. Press reports highlight dwindling Eurozone EV ambitions. Press reports suggest UK needs additional £1T in investment to grow economy over next decade.

    • Macroeconomic updates included German industrial production with over 5% decline y/y. In the UK, data from the Halifax Building Society showed house prices rising at their strongest y/y rate since Nov -22 and expect house prices to continue their modest growth through the remainder of this year. Eurozone Q2 final GDP revised lower. ECB wage tracker eased in Q2, aiding ECB easing plans. Analysts expect ECB to guide for rate cuts each quarter and offer trimmed 2024 growth outlook.

    • In corporate news, InPost (INPST.NA) from the Netherlands traded higher on the back of its Q2 earnings. Sectra (SECT.B.SS) shares were also up following better than expected Q1 earnings. Also in the Nordics, Tecnotree (TEM1V.FH) reiterated FY24 guidance and updates FY25 outlook and guidance. In Spain, Puig Brands (PUIG.SM) issued H1 numbers and reaffirmed medium term guidance. In the UK, Berkeley (BKG.LN) issued a 4M trading statement ahead of its AGM today and said it is on target to achieve FY25 pre-tax earnings guidance of £525M.

    • On M&A front, Elis (ELIS.FP) confirmed preliminary approach to Vestis regarding potential acquisition

    • In other corporate developments, Darktrace (DARK.LN) CEO Poppy Gustafsson to step down today; COO Jill Popelka appointed new CEO. Also, ATOSS Software (AOF.GR) main shareholders AOB Invest and General Atlantic sold 1.08M shares at €120/each. Patinex AG (Martin Ebner and wife) raised its stake in Temenos (TEMN.SW) to 20%.

    • The week ahead sees ECB interest rate decision, EU Commission due to release its latest economic forecast, OPEC/IEA monthly oil market reports, Aug CPI and Jul industrial production releases from across the region, UK employment data, as well as earnings/updates from Associated British Foods (ABF.LN), Baloise (BALN.SW) and Inditex (ITX.SM).

    • EU Parliament (EP) due to see all parliamentary committees that are meeting voting on their respective input to the Budget Committee's draft report for 2025's EU budget

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers

        • Real Estate+0.49%, Health Care +0.00%, Utilities (0.14%), Financial Svcs (0.42%), Media (0.48%), Food & Beverage (0.72%), Chemicals (0.89%), Telecom (0.90%), Travel & Leisure (1.02%), Persnl & HHold Goods (1.06%)

      • Underperformers

        • Technology (2.39%), Basic Resources (2.34%), Autos & Parts (2.15%), Oil & Gas (2.12%), Banks (2.06%), Retail (1.75%), Ind Goods & Svcs (1.54%), Insurance (1.44%), Construct & Mtls (1.25%)

    • Macro/Peripheral markets:

      • EU

        • Eleven EU countries push for conclusion of Mercosur trade deal - FT

        • Czechia floats plan to replace Russian gas supplies to eastern EU countries - Euronews

      • ECB

        • ECB to cut rates, maintain quarterly pace of rate cuts and trim 2024 growth outlook at 12-Sept meeting - Bloomberg

      • UK

        • UK house prices rise for second month as interest rates ease - Bloomberg

        • UK flat prices lag behind as housing market shifts post-pandemic - FT

        • UK needs £1T investment boost to achieve growth targets, report says - Reuters

        • Labour fundraising chief's role in public appointments raises conflict of interest concerns - Bloomberg

        • UK considers scaling back ambitious offshore wind target for 2030 - Bloomberg

      • Germany

        • German industrial production for July misses expectations on automotive woes - Bloomberg

        • German official suggests Rwanda scheme using UK facilities - BBC

      • France

        • Michel Barnier appointed PM as Macron seeks stability in divided France - FT

      • Greece

        • PM to unveil plan to boost pensions, spending power in Thessaloniki speech - ekathimerini

    • Company news:

      • Notable Gainers

        • +7.8% VIL.FP (Viel & Cie €11.10, +0.80) -- H1 earnings

        • +4.6% SECT.B.SS (Sectra SEK254.40, +11.20) -- Q1 eanrings

        • +4.5% PSAN.GR (PSI Software €20.90, +0.90) -- H1 earnings

        • +3.7% DMRE.GR (DEMIRE Deutsche Mittelstand Real Estate €0.85, +0.03) -- achieves formal approval for bond extension

        • +2.6% COL.SM (Inmobiliaria Colonial SOCIMI €6.02, +0.15) -- Jefferies upgrade

        • +2.4% LEHN.SW (LEM Holding CHF1,218.00, +28.00) -- initiated outperform at Zürcher Kantonalbank

      • Notable Decliners

        • -48.4% NFG.LN (Next 15 Group £4.30, -4.01) -- FY trading statement

        • -16.0% ELIS.FP (Elis €19.37, -3.71) -- confirms preliminary approach to Vestis regarding potential acquisition

        • -10.7% RUI.FP (Rubis €25.34, -3.04) -- H1 earnings

        • -10.4% AOF.GR (ATOSS Software €119.20, -13.80) -- main shareholders AOB Invest and General Atlantic successfully place 1.08M shares at €120.00 per share

        • -8.3% SAMS.FP (Groupe Samse €148.50, -13.50) -- H1 earnings

        • -7.0% CRN.LN (Cairn Homes £1.49, -0.11) -- CEO places 8.0M shares at €1.84/each

        • -6.9% RBI.AV (Raiffeisen Bank International €16.74, -1.25) -- AO Raiffeisenbank (Russia) shares are subject to a transfer ban imposed by a Russian court decision

        • -5.6% CAM.LN (Camellia £42.00, -2.50) -- H1 earnings

        • -5.2% DHG.ID (Dalata Hotel Group €3.93, -0.22) -- Deutsche Numis downgrade

        • -4.3% BALN.SW (Baloise CHF158.50, -7.20) -- UBS downgrade

        • -4.2% MOL.IM (Moltiply Group €33.45, -1.45) -- Q2 earnings

        • -4.2% GVR.ID (Glenveagh Properties €1.46, -0.06) -- commences previously announced share buyback programme for up to £50M

        • -4.1% DATA.LN (GlobalData £2.09, -0.09) -- completes Share Buyback Programme

        • -3.8% ALCAR.FP (Carmat €2.31, -0.09) -- H1 earnings

        • -3.2% G4M.LN (Gear4music (Holdings) £1.80, -0.06) -- agm trading statement

        • -2.3% NIBE.B.SS (NIBE Industrier SEK46.48, -1.07) -- transferred hold at Handelsbanken

        • -0.5% SHLF.NO (Shelf Drilling NOK16.22, -0.08) -- new awards for two jack-up rigs in West Africa

    • EU companies reporting on Monday:

      • Earnings:

        • France: Abivax (ABVX.FP), SergeFerrari (SEFER.FP)

        • Southern Europe: Newlat Food (NWL.IM), Pharmanutra (PHN.IM)

        • UK: Sigmaroc (SRC.LN), Equals (EQLS.LN), The Pebble Group (PEBB.LN)

  • Data:

    • Economics:

      • Switzerland Aug SECO consumer sentiment index (34.6) vs consensus (32.5) and prior (32.4) - release

      • Denmark Jul Manufacturing Production +7.3% m/m vs consensus +0.2% and prior revised 0.0% from +0.1%

      • Germany Jul Trade Balance €16.8B vs consensus €21.0B and prior €20.4B

      • UK Aug Halifax House Price Index +4.3% y/y vs consensus +4.2% and prior revised +2.4% from +2.3%

      • France

        • Jul Trade Balance (€5.9B) vs consensus (€6.5B) and prior revised (€6.0B) from (€6.1B)

        • Jul Industrial Production (0.5%) m/m vs consensus (0.2%) and prior +0.8%

      • Italy Jul Retail Sales +1.0% y/y vs consensus +1.0% and prior (1.0%)

    • Markets:

      • WTI Crude (Oct 24): ($1.11) or (1.61%) to $68.04

      • €-$ (0.0016) or (0.14%) to 1.1096

      • £-$ (0.0036) or (0.27%) to 1.3145

      • €-£ +0.0009 to 0.8440

      • S&P 500 (1.30%)

        • Performance year-to-date

        • FTSE 100: +5.64%

        • DAX: +9.13%

        • CAC: (2.67%)

        • MIB: +9.60% Stoxx 600: +5.66%

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